jim later looked at the bloomberg terminal and found the spot rate od usd/canada is 0.80 and the one year foward rate is 0.7849. he learned thatc if market equilabruim forward expectation parity should hold. For the USA: The nominal interest rate is 4% and the real interest rate is 1%. So, the expected inflation rate is 4% - 1% = 3%. For Canada: The nominal interest rate is 6% and the real interest rate is 1%. So, the expected inflation rate is 6% - 1% = 5%. So, according to the Fisher Effect, the expected inflation rate is 3% in the USA and 5% in Canada. is this market in equilibruim