Access the Annual Report of AutoCanada Inc. for the year ended December 31, 2021, either on the companys website or the SEDAR website (www.sedar.com). Refer to the financial statements, accompanying notes and Management Discussion and Analysis to answer the following questions. For each answer, provide the appropriate source-specific note number, page reference in management discussion or other sources as applicable:

AutoCanada reports derivative financial instruments. What is the purpose of these derivative instruments? What derivatives are designated as hedges, and which derivatives are not designated as hedges? Briefly explain the accounting for derivatives not designated as a hedge and the accounting for derivatives designated as a hedge.