The world price of oil fell dramatically in 2014/2015,which caused a sharp ________ of the Canadian dollar.Other things being equal,this change in the exchange rate caused a(n)________ in economic activity in Ontario and Quebec manufacturing industries.

Question

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The fall in oil prices led to a depreciation of the Canadian dollar because Canada is a major oil exporter, and a weaker currency made Canadian goods cheaper on the international market, thus increasing economic activity in its manufacturing sectors, particularly in provinces like Ontario and Quebec.

The World Price of Oil Fell Dramatically in 2014/2015,which Caused