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O’Leary: Mark Carney Faces ‘Hell of a Time’ Fixing Trudeau’s Economy

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by ITM Trading
Tuesday, Apr 29, 2025 - 18:49

"He's going to have a hell of a time getting a budget done if he keeps telling everybody we're going to ram down carbon taxes on every business in Canada,” says Kevin O’Leary, aka Mr. Wonderful, in an exclusive interview with Daniela Cambone following the Canada election.

He warns of serious challenges ahead for Mark Carney in his effort to “rebuild” the Canadian economy. Unless Carney repeals elements of the Liberal legacy—such as Bill C-69 and carbon taxes—it will remain a struggle to attract investment back to Canada.

O’Leary also describes Carney’s win as “historic,” but attributes much of the victory to Trump’s antagonism toward Canada. “A unique opportunity for Carney... let’s forget about the Liberals’ track record and let’s focus on the enemy within North America, and that was Trump.” Finally, O’Leary highlights the fragility of Carney’s position, noting that minority governments in Canada typically last only 18 to 24 months. Watch the video to hear O’Leary’s full analysis.

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