About 1.00$ Canadian equals 1.07$ American now. What caused this, and can anything be done? Your thoughts?

Canada's superhot economy far outpaces economic growth of the US right now. Throw in the fact that US global standing isn't what it once was, as well as the fact that we are truly only one player in a global marketplace.
I don't understand what you mean, "What can be done about this?" It's just the rest of the world catching up. It's a logical & natural progression of things.

Ah, the Global economy -

I'm investing in Canadian company's even as we speak.

Look into Canadian banks. They're buying regional American banks like fresh-out-the-fryer double cream doughnuts. The inexpensive dollar makes them ripe for acquisition.

Don't know about Canadians buying banks but it's lovely to zip across the 'line' and shop without our poor money being worth so much less - yipee! - gentle smile. But one huge downside will be perhaps lack of tourism here - drat.

I don't think we can dismiss the potential of the American Economy due to very recent economic events. Over the long haul the American manufacturing machine, and buying potential will still outpace our neighbors to the north.

Yup, and our Canadian dollar is falling once again.