Changes in Canadian GDP is the economic force that causes opposite effects on the value of the Canadian dollar.

Question

Quizplus · Accepted Answer

When Canadian GDP increases, it often results in an appreciation of the Canadian dollar. On the other hand, when Canadian GDP decreases, it often results in a depreciation of the Canadian dollar. Therefore, changes in Canadian GDP can cause opposite effects on the value of the Canadian dollar.

Changes in Canadian GDP Is the Economic Force That Causes