On October 15, 2021, the exchange rate of U.S. dollar per Canadian dollar was 0.8092. It is now November 15, 2021. A U.S.-made Chevrolet Tahoe costs

$65,000 over the entire period. Has the U.S. dollar appreciated or depreciated in value relative to the Canadian dollar? Is it cheaper or more costly for a Canadian citizen to buy the car (converting Canadian dollars into U.S. dollars) on November 15, 2021? What is the Canadian citizen’s C$ gain or loss on the purchase of the car if he waits to buy on November 15, 2021?