The Spot Rate of the U

The spot rate of the U.S. dollar is C$1 = $.94US while the forward rate for one year is C$1 = $.92US. The nominal risk-free rate is 3% in the U.S. and 2% in Canada. How much profit can you make given this situation using covered interest arbitrage?

A) -$.04
B) -$.01
C) $.01
D) $.03
E) $.05