When world prices for Canadian resource exports fall, demand for Canadian dollars in the FOREX market decreases.

Question

Quizplus · Accepted Answer

When world prices for Canadian resource exports fall, foreign buyers will need to spend less money to purchase the same amount of Canadian resources. This will decrease demand for Canadian dollars in the FOREX market as there will be less need to exchange other currencies for Canadian dollars to purchase these resources.

When World Prices for Canadian Resource Exports Fall, Demand for Canadian