When interest rates increase in Canada,the value of the dollar is likely to

Name: When interest rates increase in Canada,the value of the dollar is likely to
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When interest rates increase in Canada, it attracts foreign investment, leading to an increase in demand for the Canadian dollar, thus increasing its value. Higher interest rates can also make borrowing more expensive, potentially reducing domestic consumption and investment in export industries, leading to a decline in net exports.

When Interest Rates Increase in Canada,the Value of the Dollar