Explain how this change in exchange rate

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Canada is the largest trading partner for the united states. in 2009 , united state exports to Canada were more than $171 billion and imports from Canada totaled more than $224 billiom. On January 1, 2009, the exchange rate between the Canadian dollar and the US dollar was 1.224 Canadian dollar = 1US dollar. Explain how this change in exchange rate could impact united state consumers and firms.

Reference no: EM13986851

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