⁠"A unique opportunity" Shark Tank investor Kevin O’Leary shares his views on Micheal Carney winning the Canadian elections 

Kevin O’Leary weighed in on Mark Carney’s surprising victory in the Canadian federal election, pointing to a mix of political timing and international drama. The Liberal Party, led by Carney, managed to pull off an unexpected win on Monday night, securing more seats in Parliament than Pierre Poilievre’s Conservatives, according to The Associated Press.

This marks a major turnaround for the Liberals, who had been struggling with low approval ratings under former Prime Minister Justin Trudeau earlier in the year.

Political analysts say a key factor in the shift was U.S. President Donald Trump’s repeated jabs at Canada, labeling it the “51st state” and slapping tariffs on Canadian goods. Those moves seemed to rally Canadian voters and shift attention away from the Liberals’ track record.

“It was historic, no question about it.” Kevin O’Leary said on social media.

Elaborating:

“A unique set of circumstances, imputed by Trump's constant barbing at Canada as the 51st state. It gave a unique opportunity for Carney, and I think he did a masterful job in getting people in every province to forget about the Liberal's track record, and focus on Trump.”

Kevin O’Leary raises economic concerns

On his social media platform Truth Social, Donald Trump called on Canadians to consider joining the United States as its "cherished 51st state." He claimed the move would bring economic advantages, including tax cuts and increased military support. Trump also promoted the idea of open borders between the two countries, framing the potential union as a natural and inevitable step.

Both Carney and Poilievre swiftly condemned these statements. Carney posted a video message stating:

"This is Canada -- and we decide what happens here"

Meanwhile, Poilievre demanded that Trump "stay out of our election."

This diplomatic tension, coupled with Trump's earlier imposition of tariffs on Canadian goods over disputed fentanyl concerns, shifted the election narrative dramatically.

Despite Carney's victory, Kevin O’Leary expressed skepticism about the new Prime Minister's ability to address Canada's economic challenges.

"Now, there are two impediments right now. Number one is C-69, a bill that has forced capital away from Canada because there's no way to get any kind of infrastructure or resource-based development done under C-69, and the Liberals proved that. They were able to kill off any investment in resources over a 10-year period," O'Leary stated.

Kevin O’Leary further explained his concerns about the carbon tax:

"Then there's this carbon tax on industrial development. Sovereign wealth is not interested when they can go to Texas and avoid that, and that's where they're going. You've seen all these announcements around all kinds of projects south of the border. We have to be competitive with that, and I think Carney's gonna have to face that reality."

Voter turnout and looking ahead

The election saw unprecedented participation, with more than seven million Canadians casting early ballots. Kevin O’Leary noted this phenomenon, particularly in the Toronto metropolitan area:

"They've had an unprecedented showing today in Canada, not only in the early voting, but even today, lineups around the block, and I don't know what that means because it's never ever happened before. This will be the highest turnout in Canadian history for an election."

While Carney successfully leveraged Trump's comments to unite Canadian voters, the businessman-turned-Prime Minister now faces significant economic challenges. O'Leary's comments suggest that despite the electoral victory, Carney will need to address Canada's competitiveness issues to attract international investment.

As Canada navigates this new political landscape, the relationship with its southern neighbor remains a critical factor in both its economic future and national identity.

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Michael Carney won the Canadian federal election on Monday night, defeating Conservative leader Pierre Poilievre.

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