A: T can buy a Canadian futures contract with a face value of 654.38+million through IMM's member company brokers, and then sell the expired Canadian futures contract two trading days before the latest maturity date (March, June, September or the third Wednesday of June 654.38+00) to offset the Canadian future positions. It needs to buy100000/100000 =100 futures contracts. $T can buy1000000/100000 =100 Canadian dollars call option contract. If the Canadian dollar appreciates or the exchange rate remains unchanged after 90 days, exercise the option contract and buy100,000 Canadian dollars; If the Canadian dollar depreciates to a certain extent, it will buy 6.5438 billion Canadian dollars in the spot market without exercising the option contract. If the foreign exchange futures contract is adopted, after 90 days, the Canadian dollar will appreciate T gain and depreciate T loss; With the option contract, T will make a profit after the Canadian dollar appreciates, and the maximum loss of T after the Canadian dollar depreciates will not exceed the option fee.