(The completely irrelevant goal of) parity will be reached on Friday's close.
I might as well get started on the advice of a master:
The experience of being proven completely wrong is salutary. No economist should be denied it and none are.
--John Kenneth Galbraith
I'm not sure how I feel about the rate cut itself. I doubt I would have gone so far. It certainly relieves the pressure for Canada to cut, though. I'd bet on the Canadian rate being up 25bps by Christmas.
EDIT: Fixed, sorry.