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Suppose that the interest rate per annum is 0.15% in the United States and 1.5% in Canada, as reported today. Based on the reported interest
Suppose that the interest rate per annum is 0.15% in the United States and 1.5% in Canada, as reported today. Based on the reported interest rates, would you predict the Canadian dollar to appreciate or depreciate against the U.S. dollar? By what percentage? You must show your calculation.
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