If the Canadian dollar appreciates,cross-border shopping by Canadians will increase.

Question

Quizplus · Accepted Answer

When the Canadian dollar appreciates, it means that it has increased in value compared to other currencies, such as the U.S. dollar. This means it will cost less for Canadians to purchase goods in other countries, including the United States. Therefore, Canadians will have more incentive to engage in cross-border shopping, which will increase.

If the Canadian Dollar Appreciates,cross-Border Shopping by Canadians Will Increase