RXN$\text{'}$s year$-$end is on December $31.$ On November $1,2019$ when the U$.$S$.$ dollar was worth CDN$$1\mathrm{.}365,$ RXN sold merchandise to an American client for US$$300,000.$ Full payment of this invoice was expected by March $1,2020.$ On December $1,$ the spot rate was CDN$$1\mathrm{.}3450$ and the three$-$month forward rate was CDN$$1\mathrm{.}3250.$

In order to minimize its Foreign Exchange risk and exposure, RXN entered into a forward contract with its bank on December $1,2019$ to deliver US$$300,000$ in three months' time. The spot rate at year$-$end was CDN$$1\mathrm{.}36$ and the forward rate from December $31,2019$ to March $1,2020$ was CDN$$1\mathrm{.}34.$ On March $1,2020,$ RXN received the US$$300,000$ from its client and settled its contract with the bank. The forward contract was to be accounted for as a fair value hedge of the US dollar receivable.

Significant dates and exchange rates pertaining to this transaction are as follows:

$$

$$Spot RatesForward Rates$*$November $1,2019($Transaction date$)$US$$1=$ CDN$$1\mathrm{.}365$December $1,2019($Hedged date$)$US$$1=$ CDN$$1\mathrm{.}3450$US$$1=$ CDN$$1\mathrm{.}3250$December $31,2019($Year$-$end$)$CDN$$1\mathrm{.}36$CDN$$1\mathrm{.}34$March $1,2020($Settlement date$)$US$$1=$ CDN$$1\mathrm{.}368.$US$$1=$ CDN$$1\mathrm{.}368.$

$*$for contracts expiring on March $1,2020$

What is the amount of the exchange gain or loss from the recognition of the hedge discount recognized during $2019?$

Group of answer choices

A gain of $ CDN$4,500.$

A loss of CDN$$4,500.$

A loss of CDN$$3,000.$

Nil.

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