Uh, no. A magazine on my desk says "$4.99 U.S. / $6.99 Canada" -- nearly everything costs more in Canadian dollars, even before the 15% sales tax. That used to not matter, back when USD1 bought CDN1.30 (or more), since the Canuck markup was at least cancelled out by the positive exchange rate. Now, your Bush pesos* exchange at par, and then you pay the Canadian markup. Not a good deal.

Aboot the only things I found to be cheaper on my most recent Canadian trip were allergy pills (duh) and fleece jackets at MEC. The same goes for A/NZ: their currencies, like Canada's, have been driven higher by strong commodity markets.

Latin America and Southeast Asia look like good choices. Northeast Asian central banks are diversifying their currency holdings, so expect the yen, won, etc. to get more expensive.

My plan to deconstruct and export the (cheap!) beautiful old buildings of Buffalo to ease Toronto's housing shortage looks better every day.

* used here to denigrate his fiscal policy, not immigration policy