The Canadian dollar hit parity with the US dollar for the first time in thirty-odd years today due to a combination of a booming natural resources sector in Canada and the US having a fuckwit for a President a lagging US economy full of government deficit spending, sub-prime mortgages crashing, a never-ending war, massive trade imbalances and so on.

What does this mean for Canada?  I'll leave that to smarter people than I to speculate on but I do know I'm looking forward to my next US shopping trip - cheap shoes and booze for this boy! 

Also, see MetaFilter for some interesting commentary including discussion of why US and Canadian books have different prices printed on them and what dollar parity might mean for the publishing industry.