Suppose total Canadian exports in the month of June were $122.9 billion and total imports from foreign countries were $192.4 billion. What was the balance of trade? Instructions: Round your answer to one decimal place and include a negative sign, if necessary. 5- |:| billion. Describe what happens to the supply andlor demand curves for Canadian dollars under the following scenarios. In each scenario, does the Canadian exchange rate appreciate or depreciate, and what happens to the Canadian balance of trade? a. A drotght in Russia destroys the wheat crop, resulting in increased purchases of wheat from Canada. "he supply curve shifts to the left. "he demand curve shifts to the right. O 0 "he demand curve shifts to the left. 0 0 "he supply curve shifts to the right. b. Bollywood movies become extremely popular in Canada, thereby increasing demand for foreign movies. "he supply curve shifts to the left. "he supply curve shifts to the right. "he demand curve shifts to the right. 0000 "he demand curve shifts to the left. c. The Canadian government forces all government offices to purchase Canadianmade computer products, instead of importing them. 0 "he supply curve shifts to the left. 0 'he supply curve shifts to the right. 0 "he demand curve shifts to the left. C\") _hP rlprrrnnd Fl INF- Izhi'I: 'l'n 'fhr3 rinhf