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What would happen, assuming all other things being unchanged, to the Canadian Dollar if the 3-month interest rate in Canada has decreased from 1.5% to
What would happen, assuming all other things being unchanged, to the Canadian Dollar if the 3-month interest rate in Canada has decreased from 1.5% to 1.25%, while that of the US interest rate increased from 1.5% to 1.6%? Also, what impact it can have on economic activity in Canada in terms of Exports/Imports, growth rate and standards of living
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