Canada's strong economic performance in the wake of the global financial crisis
A)decreased the value of most foreign currencies relative to the Canadian dollar.
B)increased the value of most foreign currencies relative to the Canadian dollar.
C)did not significantly change the value of most foreign currencies relative to the Canadian dollar.
D)decreased the value of the Canadian dollar relative to most foreign currencies.
E)had no impact on the values of any currencies.

Question

Quizplus · Accepted Answer

Canada's strong economic performance following the global financial crisis would typically lead to an increase in the value of the Canadian dollar relative to most foreign currencies. This is because a strong economy often attracts investment from abroad, which increases demand for the domestic currency, thereby increasing its value.

Canada's Strong Economic Performance in the Wake of the Global