A strong dollar makes it easier for Canadian firms to export their goods to foreign countries.

Question

Quizplus · Accepted Answer

A strong dollar typically means that the Canadian dollar is worth more relative to other currencies. This can actually make it more difficult for Canadian firms to export their goods because their products become more expensive for foreign buyers. Conversely, a weak Canadian dollar can make exports cheaper and more attractive to foreign markets.

A Strong Dollar Makes It Easier for Canadian Firms to Export