As of this writing, the Canadian dollar—commonly known as the Loonie—has taken the unfortunate title of the worst-performing major currency of the year. While some may be surprised, those who have closely observed the economic philosophies of both Prime Minister Justin Trudeau and Mark Carney likely saw this coming.
Two Leaders, One Direction: Economic Decay Through Centralization
To be fair, Justin Trudeau’s agenda was no secret. His government pursued the legalization of drugs, continuous deficit spending, regulatory expansion, and a growing commitment to carbon taxation. In many ways, he ran on a platform of centralized control masked as social progress—and remained in office for a decade.
Mark Carney, who succeeded Trudeau, brought a slightly different tone—often framed as more “technocratic” and “fiscally sophisticated.” But in practice, Carney’s policies appear even more expensive and economically burdensome than Trudeau’s. His central planning vision, while polished on paper, seems to be leading Canada deeper into currency debasement and credit market disruption.
Understanding the Loonie’s Decline
Many investors view the Loonie’s weakness not merely as a reaction to global market conditions, but as a reflection of Canada’s internal mismanagement. Currency debasement—put simply, the erosion of purchasing power—has serious consequences for savers, investors, and the nation’s credibility.
In Canada’s case, most investment activity flows through credit markets. Bonds, mortgages, and leveraged instruments form the bedrock of modern Canadian finance. Investors often use government bonds as collateral to access debt, hoping to earn compound returns while benefiting from leverage.
But when economic signals from leadership make those investments less attractive or harder to leverage, capital doesn’t just pause—it flees. As credit dries up, the cost of everything rises. The stock market may appear to rally, but much of that rise is not from real growth—it’s from a weakened currency.
This is inflation masquerading as prosperity.
Currency Debasement Without Austerity: A Dangerous Combo
Many believe that a future Conservative government would reverse these trends. However, in Canada today, there is almost no national conversation about austerity. Unless Canadians are willing to accept sacrifices and discipline, inflation could accelerate—even under new leadership.
Christianity teaches stewardship and self-control—not recklessness with money, not sloth in the name of comfort. Biblical economics is rooted in truth, accountability, and the dignity of work. If these principles are absent in national policy, no currency will hold value, and no economy will stand for long.
The U.S. Comparison and the Commercial Real Estate Shift
While far from perfect, Donald Trump’s “America First” policies aimed to retain capital, encourage onshore production, and defend domestic labor markets. This strategy, whether liked or loathed, had the practical effect of forcing businesses—including Canadian ones—to reconsider where their headquarters should be.
With that trend continuing, the U.S. may be headed toward a commercial real estate boom, while Canada could suffer further economic stagnation, even in traditionally strong sectors like energy and mining.
The Real Crisis: Canada Needs Christian Leadership
Economic decline is rarely about numbers alone—it’s about people, and more specifically, what people believe. In Canada, we’ve traded in conviction for comfort, truth for tolerance, and stewardship for sloth. Many Canadians now recoil from any form of “tough love” or moral clarity, even when it’s exactly what the country needs.
Christianity is not just a personal faith—it’s a foundation for societal order. It teaches the value of private property, the dangers of dishonest weights and measures, and the importance of accountable leadership. Without that foundation, economies crumble from the inside out.
What Investors Should Consider
If you are investing in Canada, it’s important to view the Loonie as a depreciating asset. When you do, everything begins to make more sense—from rising stock prices to inflated real estate and weakening purchasing power.
As for housing prices, even a collapse to 1990s levels might not be enough. Without serious austerity and reform, the entire regulatory environment remains inflationary by design.
A Final Word: Christ Is King, Even Over Economics
This isn’t just an economic analysis. It’s a call to repentance, and a reminder that without Christ, there is no true prosperity. The Gospel of Jesus Christ provides more than personal salvation—it provides a blueprint for personal responsibility, moral governance, and economic sanity.
If you’re wondering what all this has to do with economics, the answer is everything. Because economies are made up of people, and people without Christ will always drift toward corruption and control.
“Where the Spirit of the Lord is, there is liberty.” — 2 Corinthians 3:17
That liberty is spiritual, moral, and economic. And if we want our nation to be free, our people must first be spiritually reborn.
Consider making Jesus Christ your Lord and Savior today.
Canada needs truth. Canada needs courage. Canada needs Christ.