Suppose that yesterday the Canadian dollar was trading on the foreign exchange market at 0.75 euros per Canadian dollar and today the Canadian dollar is trading at 0.80 euros per Canadian dollar....

Suppose that yesterday the Canadian dollar

was trading on the foreign exchange market at

0.75 euros per Canadian dollar and today the

Canadian dollar is trading at 0.80 euros per

Canadian dollar. Which of the two currencies

(the Canadian dollar or the euro) has appreciated

and which has depreciated today?