Question
What will happen to the exchange rate based on the following events? a)Canada discovered and developed more domestic oil fields b)Canada's inflation rate falls to
What will happen to the exchange rate based on the following events?
a)Canada discovered and developed more domestic oil fields
b)Canada's inflation rate falls to the extent that it became lower than that of its trading partners.
c)Wages on the rise to extend that Canada's manufacturers found it hard to compete in the world market
d)Canada increases its financial support greatly to poor countries
e)Bank of Canada raises interest rates sharply
f)Canada limited its imports of coffee, however, expenditure on imported coffee is higher because of price increases
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