Canada is the second-largest trading partner for the United States (just recently surpassed by China). In 2017,
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Canada is the second-largest trading partner for the United States (just recently surpassed by China). In 2017, U.S. exports to Canada were more than $340 billion and imports from Canada totaled more than $332 billion.
On January 1, 2017, the exchange rate between the Canadian dollar and the U.S. dollar was 1.34 Canadian dollars = 1 U.S. dollar. On January 1, 2018, the exchange rate was 1.26 Canadian dollars = 1 U.S. dollar. Explain how this change in exchange rates could impact U.S. consumers and firms?
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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