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In 2016, the Canadian dollar depreciated against the US dollar. Explain the effects of this depreciation on each of the following. (10 marks) (a)Canadian exporters

In 2016, the Canadian dollar depreciated against the US dollar. Explain the effects of this depreciation on each of the following.(10 marks)

(a)Canadian exporters of goods to the US

(b)Canadian firms that buy machinery and equipment from US suppliers

(c)cross border shoppers from Canada who shop for goods in the US

(d)retired Canadians who live in Arizona and Florida during the winter months

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