Foreign firms are interested in buying Canadian companies to gain entrance to Canada.A decline in the value of the dollar relative to most foreign currencies makes this competitive strategy especially attractive.

Question

Quizplus · Accepted Answer

A decline in the value of the dollar relative to most foreign currencies makes Canadian companies cheaper for foreign firms to buy, thus making it an attractive strategy for them to gain entrance to the Canadian market.

Foreign Firms Are Interested in Buying Canadian Companies to Gain