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Kayty Kayty
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Posts: 1072
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6 years ago
Canadian organizations that export to the United States must consider the relative value of the countries' currencies. As the Canadian dollar rises in value relative to the US dollar, the economic environment of trade between these two countries is changing. Describe how this trend is impacting trade between these two countries.
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THINK Marketing, Canadian Edition

THINK Marketing, Canadian Edition


Edition: 1st
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THINK Marketing, First Canadian Edition (Tuckwell)

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6 years ago
Canadian companies have traditionally enjoyed a price advantage over their American counterparts as the Canadian dollar has been valued well below the US dollar. Canadian produced goods were traditionally more price competitive on international markets. As the value of the Canadian dollar rises relative to the US dollar, this price advantage is eroding. Canadian goods are therefore less attractive. Canadian companies must work to reduce costs to maintain profit margins at low prices, or begin to differentiate to compete in ways other than price.
Kayty Author
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5 years ago
I am very thankful that you are my tutor Slight Smile
THINK Marketing, First Canadian Edition (Tuckwell)
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