The 49th parallel.

To my LandMates {& others}, a few questions.

As a Citizen, do you agree that the CAD should be valued @ USD+ ?

Do you think your Government feels that the CAD should be valued @ USD+ ?

Do you think Your {or the other} Gov. will intervene?

If so... at what point in Price/Time ?

The high CAD is already affecting the economy in some parts of the country. A change in valuation this fast hasn't allow for businesses to adapt in time (in a similar fashion to the 90s when businesses had to adapt to an ever weaker CAD) and a lot of companies in e.g. the manufacturing sector that depend on their largest trading partner are starting to hurt. Ontario's McGuinty is already pushing for some rate relief in his discussions with the PM but neither he nor federal gov't set interest rate and getting the BoC to cut its key rate will be tough since it also has to control inflationary pressures. Of course, if you're sitting in Alberta, you're probably wondering what the fuss is all about

On the other hand, the purchasing power of Canadians has gone up tremendously but is it enough to offset the problems above? It still might be too early to tell.