Assume that you believe purchasing power parity (PPP) exists. You expect that inflation in Canada during the next year will be 3%, and inflation in the U.S. will be 8%. Today the spot rate of the Canadian dollar is $.90 and the one-year futures contract of the Canadian dollar is priced at $.88. Estimate the expected profit or loss if an investor sold a one-year futures contract today on one million Canadian dollars and settled this contract on the settlement date.