The rising value of the Canadian dollar relative to the U.S. dollar makes American goods cheaper to consumers in Canada.

Name: The rising value of the Canadian dollar relative to the U.S. dollar makes American goods cheaper to consumers in Canada.
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Question

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When the Canadian dollar rises in value relative to the U.S. dollar, it means Canadians get more U.S. dollars for every Canadian dollar they exchange. This increases their purchasing power in the U.S., making American goods less expensive for them.

The Rising Value of the Canadian Dollar Relative to the U.S