Suppose the Bank of Canada intervened in the foreign exchange market to lower the value of the

Question:

Suppose the Bank of Canada intervened in the to lower the value of the Canadian dollar relative to the yen. What effect, if any, would this intervention have on Canada's monetary base?
Foreign Exchange Market
The foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...