these old playbook scenarios will no longer trump the distorted fundamentals... which dictate the loonie at a premium to the US$. how credible is the threat Canada goes into QE? is it sensible to mimic the Swiss cb, to find out BoC cannot diminish the greater strength and integrity of its economy and banking system? why would they want to? better to adjust within the economy and enjoy the benefits of having one of the world's most desirable currencies.