I agree with this 100% but the rapid change in the dollar couldn't have been predicted by just about anyone (relative to when the changes would have needed to be initiated)
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So the magic question is "Those who import using US$, have you kept your prices relatively stable in comparison to 1 year ago or have you lowered your prices to recognize the savings you have and pocketed/invested the surplus?"

No judgements being made, just an informal poll. Not one competitor in my industry has lowered their price (far beyond just my 7 distributors) so you would not be alone.

I haven't seen advertising in the papers/flyers saying "New Lower Price: we pass the currency savings along to you!" or something to that affect. This is the reason that I find difficult to say that people should be using the low US$ to buy new equipment. That's fine if you are buying direct from the US but many companies sell their products through Canadian channels which have not changed their prices.

The competitors in my industry who sell at fixed Canadian prices from the US have not lowered their prices to their Canadian buyers either so no savings to be passed along here either.

I think it's more academic that our strong dollar is good for business.

As Ken said. We don't have any choice but to adapt.