The BRICS want to establish a gold-backed common currency. What is/are a/the possible consequence(s) for Canada should this happen? Points: 1 All other things being equal, the Canadian dollar would likely appreciate because the value of the Canadian dollar is itself closely linked to commodities including precious metals. All other things being equal, the Canadian dollar would likely depreciate because the value of the Canadian dollar is itself closely linked to commodities including precious metals. It will lower the cost of Canadian exports and increase inflation. Both A) and C) Both B) and C)