What does strong and weak Canadian dollar mean to the Canadian economy?

Question

what does it reflect to the Canadian economy?

Answer 1

Best Answer - Chosen by Asker

A strong currency in general means that the value is very high, meaning things are more affordable for Canadians. A weak currency means that the value is low, meaning that you need a lot of that currency to afford something for Canadians.

A weak currency for foreigners is a good thing because then they can import and export thing at a cheaper trade price.

Asker's Rating:

Asker's Comment:

thanks!!! :)