Canadian dollar at par with the US, is a bad thing for us actually. The US exports a lot of manufacturing to us as the greenback went so much farther once converted to Canadian dollar value. In the grand scheme of things, economically its not good.
The staggering part is the meteoric rise of our dollar vs the US dollar in the last year, most Americans should be worried about the state of the value of your money. Global investors are no longer investing in your currency. Any Canadians with US investments, are losing their shorts right now.
Another problem I have with parity: Canadian retailers who import products from the US have a listed American and Canadian price (things books and Hallmark cards). The US price is typically 30% lower, this is to take into account the difference in the currency. Now that this does not exist, retailers havent adjusted their prices, and could take almost TWO years for that correction.
We pay way to much for electronics, furniture, clothes, vehicles and fuel. Unfortunately we'll still over pay until the adjustment is made. Until then, there will be significant cross border purchasing of big ticket items. And of course, we'll get fist fuct in duty taxes (unless you stay in the US for 48 hrs).
Parity or near parity does make us feel good, and takes you Americans down a peg. Other then that, its nothing to write home about.
Diamond White Classic Aurora - Back on the Road
Galaxy Silver Grand Prix GTP CompG - Soon to be mothballed