The 1 Year Interest Rate in the U

The 1 year interest rate in the U.S.is 1%.The spot exchange rate for Canadian dollars 1.007 to the U.S.dollar.The 6 months forward rate is 1.0068 to the U.S.dollar.These prices indicate that interest rates in Canada,on an annualized basis,are about

A) .08% lower.
B) .08% higher.
C) .04% higher.
D) .8% lower.