If you think the Canadian dollar will depreciate, you can expect to make money by

Name: If you think the Canadian dollar will depreciate, you can expect to make money by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the Canadian dollar depreciates, it will be worth less compared to the U.S. dollar. Therefore, to make a profit, you can buy U.S. dollars (which are now worth more compared to Canadian dollars) and sell Canadian dollars (which are now worth less). This is why both buying U.S. dollars and selling Canadian dollars is the best choice.

If You Think the Canadian Dollar Will Depreciate, You Can