: Go to Statistics Canada website and find the latest annual balance of payments data for Canada. Compute income earned on (1) external assets and (2) income paid on external liabilities. Find the latest net international investment position data for Canada. Compute (3) external assets and (4) external liabilities for the end of the prior year. Divide (1) by (3) and then divide (2) by (4) to find the implied rates of interest on external assets and liabilities. Is Canada privileged? Topic: Find an article about investment and financial openness in an emerging economy. Share the article and your thoughts and conclusions with your instructor and your fellow classmates.