Question $11$

You are a forex arbitrage trader in Hong Kong. You observe the following quotes on your Bloomberg terminal:

$\backslash$table$[[$Spot $$/$CAD$,0\mathrm{.}6793,0\mathrm{.}6803,],[3-$month Forward $$/$CAD$,0\mathrm{.}6800,0\mathrm{.}6820,],[$Interest rate $$,6\mathrm{.}0625,6\mathrm{.}1875\%$ per annum,$($APR compounded quarterly$)],[$Interest rate CAD,$4\mathrm{.}0000,4\mathrm{.}1250\%$ per annum,$($APR compounded quarterly$)]]$

What would you do$?$ Describe the necessary transactions and state your profit in CAD.