You are the vice$-$president of finance for Exploratory Resources, headquartered in Calgary. In January $2012,$ your firm$$s American subsidiary obtained a six$-$month loan of $$1\mathrm{.}6$ million $($U$.$S$.)$ from a bank in Calgary to finance the acquisition of an oil$-$producing property in Oklahoma. The loan will also be repaid in U$.$S$.$ dollars. At the time of the loan, the spot exchange rate was US$$1\mathrm{.}0131/$C$ and the U$.$S$.$ currency was selling at a premium in the forward market. The June $2012$ futures contract $($face value $=$ $$160,000$ per contract$)$ was quoted at US$$1\mathrm{.}0113.$

How much is the bank expected to lose$/$gain due to foreign exchange risk? $($Round the intermediate calculation to $4$ decimal places.$)$

Bank expected to gain Canadian