Assume that interest rate parity exists. As of this morning, the 1-month interest rate in Canada was lower than the 1-month interest rate in the U.S.. Assume that as a result of the Fed's monetary policy this afternoon, the one-month interest rate in the U.S. declined this afternoon, but was still higher than the Canadian one-month interest rate. The one-month interest rate in Canada remained unchanged. Based on the information, the forward rate of the Canadian dollar exhibited a ________ [discount or premium] this morning that _________[increased or decreased] this afternoon. Explain.