Most of the news last week in Canada has been on the fact that the Canadian dollar is almost at par with the US dollar. The last time that it was at par was in 1976 (more than 30 years ago). What is so special about it? Well, depending on which perspective you are coming from, there are ramifications. For example, as a consumer there are savings to be had depending on what products are being purchased. Produce and diary products are way cheaper in the US than in Canada but not everything could be brought back into Canada. Books are cheaper in the US, for example, Steven Feurestein's Oracle PL/SQL Best Practices retail for US$19.79 on Amazon.com but it's CAD$48.95 on Chapters.ca!
A friend of mine recently got all his paperwork completed to bring a brand new Honda CR-V back into Canada from the US. The savings to him was about $10,000. Music CDs and DVDs are not cheaper but airline flights are. I know that the car manufacturers have provided directives to the US dealers to ensure that they don't sell new vehicles to non-US residents which I thought was absurb and there is currently a class action lawsuit launched in Toronto against the car manufacturers associations in both the US and Canada alleging price fixing and collusion.
Me, I am going to enjoy doing some shopping (big ticket items) to save some serious $$$. ;)