3 (Supply and Demand) Evaluate the effect of the following on the Canada-US exchange rate:

a) A tariff is placed on the import of Canadian goods into the US.

b) The U.S. stock market is expected to significantly increase in value.

c) The saving rate in Canada (% of income saved) significantly increases.

d) The US significantly increases taxes on capital investment.

e) A decrease in the price of flights to Florida in February.