If the Loonie is so much better than the USD, why do you consider yourself lucky it isn't trading at 50 cents?  Oh and by the way, the technical charts point to 55 cents for the Loonie, so you are not far off the mark.

You have a government that is spending what it doesn't have to boost the economy, deeply indebted consumers, an economy living off a housing bubble, a central bank that can't raise interest rates for fear of burying the indebted, an oil price that is having trouble holding $50 [and should trade at $40 long-term], and an Ontario green energy debacle that is killing manufacturing in the province, while the US is on track to raise interest rates.  Where do you think the money will flow?