When the Canadian dollar is high relative to the USD which of the 7 points following groups are "winners". Answer your questions from a Canadian Perspective Winner Looser Canadian Importers O Canadian Exporters Canadian Travellers oooo oo oo OO Canadian Tourist Industry Canadian Farmers (Commodity Prices are in USD) Hollywood North O Canadian Sports Teams O OThe law of one price states that Identical products sold different countries 1 point will sell for the same price when their price is expressed in terms of the same currency. For Example: An Apple iPad is sold in Brazil and Australia. Each country expresses the price in their own currency. When you you convert the price from currency Brazilian Real to currency to Australian dollar it should he the same. Identical products will eventually have identical prices {when expressed in 1 point the same currency] because of 0 Currency Speculation O TariffBarriers O Arbitrage O Speculation According to the Big Mac Index if a big mac is more expensive in Canada 1 point compared to the United States that means that the O The Canadian dollar is overvalued O The Canadian dollar is undervalued O The US dollar is overvalued O The US dollar is undervalued