Kevin O'Leary, star of Shark Tank, is not mincing words when it comes to Canadian politics. Speaking on the current government, he said that Canada's future hinges on drastic changes that need happen in parliament.
"The country is a disaster," O'Leary, chairman of O'Shares ETFs said, noting that the Canadian government has failed to attract investment capital and stimulate the economy.
Canadians must make a change in the government now, O'Leary said, or the country's future will be dire.
"It is so bad that if we got another four years of this, I think you can take Canada down to probably zero growth rate," he said.
The issue lies with incompetence in government, he noted.
"I'd like to get rid of the anti-business tonality to our country and replace it with people that want to create jobs in Canada, that want to attract capital," O'Leary said. "So my bet is, the most likely scenario is a 50/50, in other words, Trudeau loses his majority mandate."
O'Leary said that current Prime Minister Justin Trudeau is a "young man who had no managerial history."
"I'll let you, as the voter, decide what the best alternative is but I'm telling you right now, anything's better than what we've got," he said.
This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.