Historically a high Canadian dollar has had the downside that our exports aren't as attractive, but on the news the other day a financial expert said that this is no longer necessarily the case. Now that our dollar is high we are in a position where we can import stuff cheaper and take advantage of foreign inventions in the way of equipment and machinery that make our manufacturing more efficient and off setting the costs of the high dollar. So with that in mind is our high dollar a good thing or a bad thing?
I see a high Canadian dollar as being neither good nor bad. It has both pros and cons. On that front, I'd say the government ought to just let the currency float.
What concerns me more though is inflation, government debt and high interest rates domestically. As long as inflation, the bank rate and government debt are kept under control within our borders, I say let the currency float internationally.