Yes, this fallacy always bothers me. The Canadian Toonie trades strongly against the US dollar; using the half-Toonie as a benchmark is an arbitrary choice.
Forget about the Loonie, look at the yen - one US Dollar is worth an incredible 114 yen! Quick everybody, throw all your investment at Japan!
In this case it isn't though. Canadian engineers make less than American engineers
Exactly its why London is popular UK Engineers are cheap speak English natively and are used to being treated like second class profesionals.
20% cheaper since last June too.
The point that's being made is that the currency exchange rate and the cost of an engineer (converted to USD) are independent.