text: Loonie value is a good indicator of how the world really sees Canada under the leadership of Trudeau. And for those of you who think that a lower valued loonie improves the competitiveness of our manufacturing sector, any benefit is directly correlated to the massive drop in your earnings expressed in US $. At the end of the day, you really need to look at your salary / earnings and net worth expressed in US $.  Our standard of living is in fast decline mode.