Visit the website of the Bank of Canada at www.bankofcanada.ca.

Visit the website of the Bank of Canada at www.bankofcanada.ca. Click on “Rates and Statistics” and then “Exchange Rates.”

a. What is the Canadian-dollar effective index (CERI)?

b. How many foreign countries are included in the index?

c. What are the weights of the included countries? Which country has the highest weight? Which has the lowest?

d. Go to the CANSIM data available in the Student Resources section of your MyEconLab website and download series V41589522 (this is a daily series for the Canadian-dollar effective index). Did the Canadian dollar appreciate or depreciate in 2011?

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Visit the website of the Bank of Canada at www.bankofcanada.ca.

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