Looks like the Cdn $ could be low for a while yet, if this crystal ball proves reliable:

Currency watchers expect the Canadian dollar to perk up even more after its recent bounce, possibly to around the 85-cent mark.

But that's likely to be short-lived, they say.

Bank of Nova Scotia, for example, forecasts in its most recent outlook that the loonie will rise to just shy of 85 cents (U.S.) this quarter before slipping back and ending the year at 79 cents.

CIBC World Markets, in turn, predicts an 80-cent loonie by the end of this quarter, and, like Scotiabank, 79 cents as the year closes out.

http://www.theglobeandmail.com/report-on-business/top-business-stories/get-ready-for-a-short-lived-85-cent-canadian-dollar/article24232413/