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If today's default-free one-year interest rate in the U.S. is 5% and today's default-free one-year interest rate in Canada is 10%, the Canadian dollar must

"If today's default-free one-year interest rate in the U.S. is 5% and today's default-free one-year interest rate in Canada is 10%, the Canadian dollar must be expected to depreciate against the U.S. ...

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