Prior to the Onset of the Global Financial Crisis and Recession

Multiple Choice

Prior to the onset of the global financial crisis and recession in 2008,Canada was experiencing strong growth in demand for its commodities (notably from China and India) which caused a(n) ________ of its currency.Other things being equal,this change in the exchange rate caused a(n) ________ in economic activity in Ontario and Quebec manufacturing industries.

A) appreciation; increase
B) depreciation; increase
C) depreciation; decrease
D) appreciation; decrease