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At an exchange rate of 0.9USD/CAD, the cost of a basket of goods in Canada is roughly equal to the cost of the same goods

At an exchange rate of 0.9USD/CAD, the cost of a basket of goods in Canada is roughly equal to the cost of the same goods in the US. If the exchange rate changes to 0.75USD/CAD, would the Canadian dollar be under- or over-valued, according to purchasing power parity?

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