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Question 33
If the Canadian doflar is strengthening, then:
(A) it has been unpegsed from other currencies.
(B) Canada has adopted a hard peg policy.
© Canada has purchasing power panity.
(D) it has appreciated in terms of other currencies.
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Ask by Tyler Montgomery. in the United States
Mar 30,2025

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When the Canadian dollar strengthens, it has appreciated in value compared to other currencies.

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Beyond the Answer

When we say the Canadian dollar is strengthening, we typically mean that its value is increasing relative to other currencies. This can happen due to various economic factors, such as higher interest rates in Canada compared to other countries, which can attract foreign investment and drive demand for the Canadian dollar.
Furthermore, a stronger Canadian dollar means Canadians can buy more foreign goods and services for the same amount of money. This can make imported products cheaper, but it can also impact Canadian exporters, as their goods may become more expensive for foreign buyers. Balancing these effects is key for the Canadian economy!

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