'Shark Tank' star Kevin O'Leary supports Trump's idea to make Canada the 51st US state: 'Potential is massive'

Published On Dec 27, 2024, 2:28 PM

Kevin O'Leary, a notable investor and TV personality, has voiced strong support for former President Trump's idea of making Canada the 51st state of the U.S. He believes that such a union could bring significant benefits to both nations, particularly highlighting shared values and the potential for economic growth. According to Trump, joining the U.S. could provide Canadians with extensive tax cuts and military protection, while O'Leary points out many Canadians are curious to explore this proposal further, particularly given Canada's rich natural resources which the U.S. could benefit from. O'Leary warns, however, about the global implications, particularly concerning China's influence.

Stock Forecasts

EWC

Positive

The support of an influential figure like Kevin O'Leary for Trump's proposal could generate interest in Canadian-American business relations and resource partnerships. If this proposal gains traction, sectors such as energy, natural resources, and defense could see substantial gains.

Related News

Canadian Prime Minister Justin Trudeau said Saturday he had an “excellent conversation” with Donald Trump at his Mar-a-Lago club after the president-elect's threat to impose significant tariffs on two of America’s leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada from Florida, whether the conversation had alleviated Trump’s concerns. The official, who was not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity, said topics included trade, border security, fentanyl, defense, Ukraine, NATO, China, the Mideast and pipelines, as well as the the Group of Seven meeting in Canada next year.

Colombia and a US firm are fighting over a shipwreck in the Caribbean Sea that could be worth $18bn.

GLD
EWC