The spot rate between Canada and the U.S. is C$1.0625 = $1, while the 1-year forward rate is C$1.0451 = $1. The risk-free rate in Canada is 3.4 percent. The risk-free rate in the U.S. is 4.0 percent. How much profit can you earn on a loan of $5,000 by utilizing covered interest arbitrage?