Canada and most other major industrialized nations currently operate under a system of floating exchange rates.

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Quizplus · Accepted Answer

Canada and most other major industrialized nations do indeed operate under a system of floating exchange rates, where the value of their currency fluctuates based on supply and demand in international markets. This is in contrast to fixed exchange rates, where the value of a currency is pegged to a specific amount of another currency or a precious metal.

Canada and Most Other Major Industrialized Nations Currently Operate Under