Kevin O’Leary is a businessman and Canadian by birth. The mogul has become a well-known face thanks to his many appearances on the “Shark Tank” show.
Due to his temperaments and views, many have compared O’Leary to Donald J. Trump of America. Interestingly, O’Leary is living up to that image.
Canada’s Top Opposition Candidate
Like Trump, O’Leary has a record of being a prolific social media user. Recently, he posted a video on his YouTube account where he passed quite controversial comments about his country of origin.
In the video, O’Leary insists that Canada is the richest country in the world. However, he insists that the country’s helm is in the hands of charlatans who are clueless about governance.
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Calling the Canadian Government to Account
There are indications that many people agree with O’Leary’s views. So far, the YouTube video has amassed about 1.5 million views and close to 32,000 likes.
To quote his words, O’Leary said of Canada, “The country has every resource the world wants. It’s a very, very wealthy country, but it’s poorly managed.” In addition, the businessman is strongly eyeing political influence in Canada.
From Business Mogul to Prime Minister
About seven years ago, O’Leary indicated interest in becoming Canada’s Prime Minister. He didn’t stop there but proceeded to put his money where his mouth was.
In 2017, O’Leary enlisted in the race to become the official leader of Canada’s Conservative Party. However, he stepped off the gas not long after. Then, in 2019, O’Leary contested against Justin Tradeau for the office of the Prime Minister.
Beast of No Nation
It is no surprise that O’Leary is being compared to Trump; the duo are similar in several aspects. For instance, Trump is rumored to have unofficial affiliations with other nations.
However, O’Leary, on the other hand, holds multiple citizenships. Besides his birth country, Canada, the business mogul is also a citizen of UAE and Ireland.
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The People’s Voice is the Voice of God
That many people align with O’Leary’s views about Canada’s leadership is not substantiated by the likes on his YouTube video alone. Other credible sources can give us an insight into the popular opinion among Canadian citizens about their political leaders.
For example, the Canadian Press recently ran a poll that is far from singing the praise of the sitting government.
How Canada if Faring Economically
In the Leger poll, a meagre 30% of Canadians responded that the love the policies and leadership style of the Tradeau-led government.
On the contrary, 63% expressed dissatisfaction with the sitting government. Also, Canada is nowhere in the top ten countries according to the metrics of The World Bank’s Ease of Doing Business. In fact, Canada comes in at 23, behind countries like Hong Kong, New Zealand, Singapore, who top the list.
A Haven of Natural Resources
It may be far from the truth that Canada is the wealthiest country in the world, by economic metrics. However, the country does show great potential, as it is rich in multiple natural resources that remain largely unexploited.
Foreign investors may see the exploration of Canadian natural resources as far less profitable than its American equivalent. However, economic prophets suggest the sector will blow up in a few years.
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Invest in Canada While the Odds are Good
In the past five years, explorative companies have made an average return of 32%. However, the US FOREX market indicates that the American equivalent of the explorative sector made an average return of 65%, during the same period.
Investment analysts are undaunted by these figures and even see the Canadian explorative sector as a gold vein waiting to be discovered. So, they recommend that investors buy shares from Canadian explorative companies while inflation is still in their favor.
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