When the Canadian dollar depreciates in foreign exchange markets, many people view this as "good" for the Canadian economy. When the Canadian dollar appreciates against the US dollar, there are people who feel good about it, believing a strong Canadian currency is indicative of a strong economy. What do you think? Who is likely to benefit from a depreciation of the Canadian dollar? Who is likely to gain from an appreciating currency? If you are living outside Canada, you may consider the currency of your country of residence as you formulate your answer. Your conclusions will not change.