A lower Canadian dollar. This means that other countries have more buying power over your countries currency, and will cause a couple of things to happen. It will make them buy more of your product as it costs less to them. Secondly if you were to charge slightly more than what the conversion is for $1 of the country you are trading with, you will be making money not just on the sale of your product but also on the conversion of the money if you sell in their currency instead of CAD. It works for any country that has a higher dollar value than that of the CAD
Which rates are equivalent? 6 U.S. dollars = 18 U.S. dollars 8 Canadian dollars 20 Canadian dollars 6 U.S. dollars = 9 U.S. dollars 8 Canadian dollars 12 Canadian Dollars 6 U.S. dollars = 9 U.S. dollars 8 Canadian dollars 16
Toronto reflects more of the British culture rather than the French culture. TRUE? Which of the following Canadian region is best described as undeveloped because of its harsh climate and terrain? a. Northern Territories b.
Between the Canadian Bill of Rights (1960) and the Canadian Charter of Rights & Freedoms, which is better able to protect the rights and freedoms of Canadian citizens and why? The answer is the Canadian Charter of Rights &
Assume you are a Canadian importer of goods. You purchase $5000 worth of chocolates from Belgium, $6000 worth of soaps from France, $10000 worth of teas from India. Evaluate the Canadian currency over a period of two weeks. Choose
Many nations compare the value of their currency to the US dollar. On a day early in 2009, $1 CDN (1 Canadian dollar) was worth $0.8290 USD (US dollar). This is known as an exchange rate. On the same date $1 USD could be used to
Some time ago, a U.S. citizen traveling in Canada observed that the price of regular gasoline was 0.771 Canadian dollars per liter. The exchange rate at the time was 1.401 Canadian dollars per one U.S. dollar. Calculate the price