The nominal interest rate is 12% in USA and 9% in Canada. The Canadian inflation rate is 3%. The spot exchange rate is \$1.6 Canadian per US dollar. a) According to the interest parity condition, what is the expected spot exchange rate in one year? b) Suppose a change in expectations regarding Canadian inflation causes the one year forward exchange rate to change to $1.65 Canadian per US dollar and nothing else changes. What is the new Canadian inflation rate