A nation without military power and little cash to hand out has no international influence. Contrary to Ottawa's self-promoting puffery, Canada's foreign policies are widely ignored abroad or dismissed as platitudes. Ottawa always takes credit for a good economy, but that's the result of the free market, not government. A currency once the equal of the Swiss franc has become wampum. The government assures its citizens the debauched dollar does not matter.
Foreign investment is Canada's lifeblood.
But no one wants to invest in a shaky nation with a steadily sinking currency and crushing debt. Canada is thus denied vital long-term capital inflows, meaning the increasingly uncompetitive and inefficient economy will fall ever further behind the US, Europe, and Asia. There is a total lack of confidence in Canada's economic leadership under the left. If the Liberals were running a real business, they'd have been fired long ago and sued to kingdom come for malfeasance. For a few hundred dollars monthly, Americans can buy health insurance that gives better medical service than in Canada.