After the Bretton Woods agreement broke down in 1971,Canada and most industrialized countries adopted:

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After the breakdown of the Bretton Woods agreement in 1971, most industrialized countries including Canada adopted a system of floating exchange rates, in which the value of a currency is determined by supply and demand in the foreign exchange market. Under this system, exchange rates are flexible and can fluctuate based on various economic factors such as inflation, interest rates, and trade.

After the Bretton Woods Agreement Broke Down in 1971,Canada and Most