If the value of the Canadian dollar increases, Canadian companies will find it more difficult to compete internationally because goods exported from Canada will become more expensive for foreign buyers.

Question

Quizplus · Accepted Answer

When the value of the Canadian dollar increases, it means that it will take more foreign currency to purchase Canadian dollars. This makes Canadian goods more expensive for foreign buyers, making it more difficult for Canadian companies to compete in the international market.

If the Value of the Canadian Dollar Increases, Canadian Companies