According to the law of demand for Canadian dollars, as the exchange rate

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The law of demand states that, all else being equal, as the price of a good increases, the quantity demanded of that good decreases, and vice versa. In the context of currency, if the exchange rate (essentially the "price" of Canadian dollars in terms of another currency) falls, it becomes cheaper for others to buy Canadian dollars, thus increasing the quantity demanded.

According to the Law of Demand for Canadian Dollars, as the Exchange