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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1181 |
Essay's paper body
This massive increase in Timber importation to build all these new houses has lead to increased timber prices. So therefore, when Canadian companies sell more goods (timber) at a higher price to Americans, this causes the Canadian dollar to gain in value relative to the U.S. dollar. What does this mean to the average person who knows nothing about how the FX Market works? This explains why the Toronto Blue Jays were able to sign Vernon Wells and BJ Ryan to huge contracts because the Canadian Dollar can now purchase more goods in the United States...
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dollar. What does this mean to the average person who knows nothing about how the FX Market works? This explains why the Toronto Blue Jays were able to sign Vernon Wells and BJ Ryan to huge contracts because the Canadian Dollar can now purchase more goods in the United States.
The Japanese Yen and the Singapore Dollar we undervalued by a considerable amount in 2002...
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General points of the essay
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