Canadian businessman Kevin O’Leary said this week that he is in favor of combining the United States and Canadian economies.
While appearing on Fox Business, the Shark Tank star spoke about the state of the Canadian economy and recent remarks by President-elect Donald Trump, who said that some Canadians want their country to become the 51st U.S. state.
“What this could be is the beginning of an economic union,” O’Leary said. “Think about the power of combining two economies, erasing the border between Canada and the United States and putting all that resource up to the northern borders where China and Russia are knocking on the doors. Give a common currency, figure out taxes across the board, get everything trading both ways.”
“I like this idea, and at least half of Canadians are interested,” he added.
Why It Matters
Since winning the 2024 presidential election, Trump has warned of possibly imposing additional tariffs on U.S. imports …