Under Justin Trudeau, Canada didn’t just run deficits — his government made it harder to repay them. By blocking oil pipelines and restricting other fossil fuel projects, Trudeau effectively eliminated some of the most reliable revenue streams that could have paid down the very debts he created.
Everyone knew Trudeau’s weakness was the economy. His background as a drama teacher, not an economist, made it easy for the media and his supporters to excuse his financial missteps. They expected economic ignorance and got it in abundance.
Now, with Mark Carney, the situation is far more dangerous. Carney isn’t a teacher — he’s a career central banker and a self-proclaimed economist. Canadians expected fiscal maturity and financial discipline. Instead, what they are witnessing is a leader pushing an ideological agenda that appears to serve global finance and corporate interests, rather than the Canadian people.
The Problem With Bureaucratic Thinking
Based on all available evidence, Mark Carney either does not understand how the private sector functions, or he simply doesn’t care. This is a common flaw among those who have spent their lives in government institutions. For many bureaucrats, “success” is defined not by national prosperity, but by merely avoiding total collapse.
When inflation spikes or when the economy begins to falter under Carney’s watch, his government will likely point fingers elsewhere — perhaps blaming former U.S. presidents, global supply chains, or climate change — anything to avoid accountability.
Such leadership encourages false optimism within government ranks. Public servants are expected to sound upbeat no matter how dire the fiscal reality becomes. This is exactly why Jason Jacques, Canada’s Interim Parliamentary Budget Officer (PBO), caused such a stir when he spoke plainly about Canada’s deteriorating financial position.
A Voice of Warning: Jason Jacques
Appointed in September as interim PBO, Jacques immediately sounded the alarm. He described Ottawa’s spending as “stupefying,” “shocking,” and “unsustainable.” His warnings highlighted the lack of fiscal anchors — the key measures that ensure the government is managing its debt responsibly.
Rather than take his concerns seriously, the Carney government has chosen to replace him. Ottawa is now seeking a permanent PBO — someone with “tact and discretion” who can communicate “neutrally.” In political terms, this often means someone who won’t challenge the government’s Net Zero and ESG-driven spending agenda.
The PBO position pays between $225,300 and $265,000 per year, and applications open in December. It’s clear that the Carney government wants a compliant budget officer who will not criticize its fiscal recklessness.
Mark Carney’s Real Agenda
Carney’s priorities are obvious:
- Enriching global investment firms like Brookfield, where he previously held senior roles.
- Propping up the Voluntary Carbon Market, an unregulated scheme that benefits corporate elites.
- Forcing Canada into expensive Net Zero and ESG alliances, which often end up subsidizing failing private companies in the name of environmentalism.
This is not economic stewardship — it’s corporate welfare disguised as climate policy.
A Final Warning to Canadians
In a democracy, the responsibility ultimately falls on the voters. Most Canadians have no idea who Jason Jacques is or why his warnings matter — yet these are the people shaping our future through blind trust and political loyalty.
The coming years will likely bring an inflationary period, worsened by heavy borrowing and poor fiscal management. Mark Carney isn’t just taking on new debt; he’s making it harder to ever pay it back.
When the numbers no longer add up, it won’t be Carney or Trudeau who suffer — it will be ordinary Canadians paying the price.
A Christian Reflection
As Christians, we are warned not to place our faith in politicians or worldly rulers. Scripture reminds us that many kings “did evil in the sight of the Lord.” (2 Kings 13:2). If you’re putting your trust in any politician — left, right, or center — you are building your foundation on sand.
Consider making Jesus Christ your Lord and Savior today. Governments rise and fall, currencies inflate and collapse, but God’s Word remains unshaken.