The reason why money exchange rates between Canada and the US is important because businesses located in both the countries use the prevailing rates to make certain vital business decisions. If one country's currency is stronger than the other country's, then the country where the currency is weaker will be paying more for goods and services provided by the other country.

People living on the border of Canada and US in both countries are affected by the fluctuations in the money exchange rate. However, the deeper you go into the neighboring country, the less likely it is that the people will be able to use the currency from the neighboring country. Therefore, be it Canadian dollars or US dollars, the currency would have to be exchange to buy goods and services.

The money exchange rates between Canada and the US are affected by the economic trends. In the US, the US dollar rate is dependent on the business productivity, innovations in technology and the financial services industry. On the other hand, in Canada, the Canadian dollar rate is dependent on industries in natural resources like oil, mining and forestry. The economic trends become negative in one country, then the opportunities increase in the other country. For instance, opportunities in real estate or starting a business are affected by the money exchange rate. So also the tourism and travel industry.

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