Suppose that in Canada and the United States, the interest rates on government bonds of identical maturity

Question:

Suppose that in Canada and the United States, the interest rates on government bonds of identical and risk are 8% and 6%, respectively. Assuming savers are indifferent between owning Canadian or US bonds, what would we expect to happen to the interest rates on these bonds? Explain how this would happen.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...