“On the backbench:” Shark Tank investor Kevin O’Leary talks about Mark Carney’s impact on Canada’s economy

Shark Tank investor Kevin O’Leary is active on his social media platforms, where he posts financial advice, life lessons, and mistakes to avoid while starting a business. O'Leary also talks about how major political decisions impact the economy. In his recent Instagram reel posted on April 11, 2025, Mr. Wonderful shared his take on Mark Carney's decision and the impact of those decisions on Canada's economy.

As per O'Leary, Carney had been using Trump's name to "distract" the majority from the negative impact on Canada's GDP. O'Leary predicted that people will question him and will "start looking at his track record," which would be evident during the elections as the majority will start seeing things clearly. Kevin said:

"He has masterfully said, 'Look, forget about all that. Let me distract you to Trump, Trump is only looking at Canada.' Trump is looking at sixty countries, so all of a sudden, Carney's on the backbench, and he doesn't get to use that full crum anymore and I think it's going to show up on the polls when people start looking at his track record, and that may hurt him in the election."

Shark Tank investor Kevin O’Leary shares his thoughts regarding Canada's GDP

While talking about Canada's economy, the Shark Tank investor Mr. Wonderful stated that Mark Carney has been using Trump "as a distraction" to hide his party's track record. He also stated that people would soon be questioning him and wouldn't trust him anymore. As per the clip's caption, Canda saw "just 1.4% GDP growth over a decade and 25% of the Candadians lost wealth."

According to Mr. Wonderful, Carney's plan was not to keep the major focus on his previous decisions, which led to the "most disastrous period in Canadian history." He said:

"The leading guy, Mark Carney, was using the distraction of Trump attacking Canada and jesting about it's going to be the 51st state and all that, it started with a very toxic relationship with Trudeau who's gone now, he was kicked out by his own party. "

The Shark Tank investor continued by highlighting how he predicts a shift in people's perspective who wouldn't want the same results again. Kevin predicted that focusing on Trump to get away from taking responsibility for their own decisions wouldn't work anymore. He further elaborated:

"And Carney has been successful, saying, 'Don't look at the track record of my party, which bankrupted 25% of you Canadians and wiped out GDP growth and only grew 1.4% over a decade.' It's the most disastrous period in Canadian history, and that was all on the feet of liberals."

O'Leary concluded:

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"We will wait and see, but my sense is that it's happening right now, and now he's going to run into trouble because people are going to start saying, 'Well, the Trump thing is getting resolved, but what about you and your party and what about your track record."

Fans can follow Shark Tank investor Kevin O'Leary on his official Instagram account to learn more about finance, business, and politics.

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