The general economic conditions in Canada are driven primarily by the USA, and Japan, and the resource sector.

However the resource sector is doing fine this year and thus that part of the Canadian economy which represents only about 5% of GDP.

Currency gamblers are gaming the Canadian dollar in my opinion and have thus driven it up over the past several months.

In my opinion it should be at about 80 to 85 cents at most and is probably currently higher due to speculation.

You must remember one thing the US dollar is not a US currency, it is a global currency.