A stronger Canadian dollar is always preferable to a weaker Canadian dollar.

Question

Quizplus · Accepted Answer

A stronger Canadian dollar can negatively impact Canada's export competitiveness, as Canadian goods become more expensive for foreign buyers. Conversely, a weaker Canadian dollar can boost exports by making Canadian products cheaper on the international market. The desirability of a stronger or weaker currency depends on the economic context and objectives.

A Stronger Canadian Dollar Is Always Preferable to a Weaker