Don't tell me you actually believe that Currency pegs represents fair value based on economic fundamentals of the sovereign nation involved ?

No.... The Canadian dollar is issued by a resource rich country, with 1/10th the population of the USA that are not mortgaged through the eyeballs and have much more sound economic fundamentals than the US. This would make one assume that the Canadian dollar would do very well versus the dollar. Except for one fact....... the Canadian dollar is the btch of the big boys in the US. They rape her at will.

They having been pumping the the dollar-centric world for so long it hurts - The perception that the dollar is a desirable currency is the major factor that has supported our lifestyle for the last 30 years !!!! Keeping this perception intact is a major imperative that a little currency like the Canadian dollar cannot muck up. They will bend it like a pretzel if they have to and have the ability to do it if needed.

It is all done with increasing amounts of deriviatives - lathered on like gravy on Thankgiving turkey !!! The Canadian dollar has surged several times in the last few years only to be kicked down the stairs again.

Remember: There are no market anymore.... just manipulations.