A devaluation of the Canadian dollar would make Canadian goods cheaper to foreign buyers.

Name: A devaluation of the Canadian dollar would make Canadian goods cheaper to foreign buyers.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

A devaluation of a country's currency makes the goods and services of that country cheaper for foreign buyers because they can exchange their currency for more units of the devalued currency. This makes exports more competitive and may stimulate demand for Canadian goods in other countries.

A Devaluation of the Canadian Dollar Would Make Canadian Goods