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For the last few decades, it's been because (1) the US dollar was more valuable-- at times much stronger-- than the Canadian one, so it was easier to do the math for exchanges; (2) a higher percentage of USians went to Canada than the other way around, especially for states not bordering on Canada; and (3) for the last 60+ years, the US dollar has been the international currency of choice. Let's face it: if you're traveling from Columbia to Chile, the procedure was to exchange your Columbian money for US dollars, go to Chile, and sell the US dollars for Chilean money. So hoping/expecting our next-door neighbors to take US money was a logical thing to expect, even if it was presumptuous.
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Now, if your coins weren't magnetic, it might be a different story... though judging on the way Illinois and New York politicians act, I suspect it wouldn't change anything in either state.
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