A hedge fund manager believes that energy prices are likely to fall due to lower demand for air travel and container shipping. To reflect this belief, the hedge fund manager enters into a short position on 20,000 shares of stock GRY, a large diversified oil and gas producer, at a price of CAD 60.00 per share. Stock GRY pays a regular quarterly dividend of CAD 1.50 per share and its previous dividend was paid out a week before the manager established the short position. Seven months later, the manager closes out the short position when stock GRY is trading at CAD 49.00 per share. Assuming no changes in stock GRY's dividend policy occurred during the past seven months, the manager incurred no borrowing costs, and dividends are paid out on schedule, what is the net profit for the hedge fund manager on the trade?