The fall of the US dollar isn't likely to continue indefinitely, at least not in relation to the Canadian dollar. The US is still the largest consumer market in the world and will remain that way for some time. In the meantime, a high Canadian dollar hurts the Canadian economy. I doubt they'll stay at parity, though any fall will likely be gradual just like the rise of the Canadian dollar has been (people were complaining about it rising above $0.70 USD about five years ago). I doubt it will ever get into the high 50-low 60 cent range anytime soon again. More likely it will level off in the 80 cent range. In the long run though, a high dollar is going to help the Canadian economy. We've spent too many years relying on a low dollar to remain competitive in the US marketplace, and companies obviously can't rely on that anymore.