Economics
2006-11-16 13:46:51 · 5 answers · asked by cute_lil_naz 1 in Social Science ➔ Economics
It means it will be relatively cheaper for Canadians to buy US imports, and more expensive for Americans to buy Canadian
imports. It also effects the travel industry in both nations, since
it will be more expensive for Americans to travel to Canada, and
less expensive for Canadians to travel to USA. The rising value of the Canadian dollar can continue. It will make life miserable
for Canadian exporters who are shipping to the USA, and great
for Canadian importers who are getting goods from the USA.
2006-11-16 16:27:53 · answer #1 · answered by Answerer17 6 · 0⤊ 0⤋
It's really a measure of our strength relative to other currencies. I assume you mean the rise of the Canadian dollar against the US dollar. If demand for US Dollar drops, and ours stays the same, our dollar is "worth more", even though we did nothing.
2006-11-16 21:51:14 · answer #2 · answered by madelaine_girard 2 · 0⤊ 0⤋
that WAS true like for the past 2 yrs... but since oil prices fell, the canadian dollar has gotten weaker and is probably going to continue getting weaker against both the japanese yen and the US $ - both for domestic reasons inside of canada's economy and for external reasons due to reduced export revenue and decreased M&A activity
2006-11-16 22:27:39 · answer #3 · answered by forex 3 · 0⤊ 0⤋
Blah....
Yes...Canada will one day rule the world....we'll all be speaking ....French? or is it English????or Iglook.
2006-11-16 21:48:57 · answer #4 · answered by george_the_cat 2 · 0⤊ 0⤋
You answered your own question.
2006-11-16 21:50:12 · answer #5 · answered by G-pops 4 · 0⤊ 0⤋