It was 31 years ago when the Cdn was equal or better than the US Dollar. The reason why it happened back than was the the US was printing up money to help pay for the war in Vietnam which the US had just ended. Also, it was a tight time for the US Economy due to the energy crisis over the early 1970s. In order for Canada to allow their exports to increase to the US, the Cdn Government ordered to print bills to weaken our dollar. Hence the reason why the CDN dollar was about 30% exchange for the longest time and as low as 61 cents about 6 - 7 years ago.
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History repeats itself?
I'll be honest, I went into Canada last night with some friends, and it was pretty convenient paying for drinks in US dollars without any worry. Although it was pretty funny when one of my friends payed for a drink with a $50, and the bartender couldn't immediately tell that it was a $50, due to the lack of color coding.
Jam it back in, in the dark.