depends on where the economy goes

C$/US$ down from 1.1 to 0.75 from last Aug to Mar09, then rebound to 0.95 recently. Totally follow the expectation of the economy. BOC says the reasonable exchange rate suppose to be 0.85 and would take action if it goes too high. The economy is now in the intersection so there is no clear sign whether the C$ would go higher or lower. If you do need the C$, you have no choice; if it is an investment, it is not a good enter point for C$. My opinion: if there are good news (about the economy), the C$ may rise but with heavy resistance around 1, if there are bad news, C$ may drop to 0.85 or lower.