That's a bit of a tricky one. I guess I would certainly say that.
One of the difficulties of course is that the Canadian dollar can move unpredictably. It was $1.10 not that long ago, in early November. Now it's pretty close to $1.00--down 10¢. You say that it has moved fast. Well, it's at $1.00; it was over 90¢ a year ago, and it could be 95¢ two weeks from now. So when they say “it has moved so fast”, that's one of the difficulties.
I would say that if you're focusing your efforts on whatever sorts of tax breaks or program expenditures are helping firms to be more productive for whatever reason, then you probably can't miss.
On the labour side, I think one of the very important things that's driving up the dollar is the high energy prices, so that's creating all sorts of income and job opportunities in the west. That's really one of the major direct causes for why the dollar is high. You could take advantage of that and move the people to where the jobs are.