Do you miss Stephen Harper yet?
Who do we have to thank for this? Paul Martin. For one thing, as some will remember, the dollar was a relatively strong high 70s performer when he took power in 1993. By his departure in 2003 the dollar had dropped to historic lows. (This, incidently, is a major reason why 1995-2003 was also the drought of Canadian teams appearing in the Stanley Cup Finals). Martin's coup suddenly caused the dollar to shoot up in value, as Canadian currency was no longer under the control of a dangerous lunatic. Additionally, Martin's politiking skills were so poor that Stephen Harper was able to become Prime Minister, and I don't need to tell you how confident the world markets are in his leadership abilities. (Unless you're from Saskatchewan. I'll summarize. Tory good. Liberal bad).Of note in the original post, already Ontario is happy that the low dollar is hiding their inefficient manufacturing sector.