Kevin O'Leary drops out of Conservative leadership race, endorses Maxime Bernier

Kevin O'Leary is dropping out of the Conservative leadership race and endorsingMaxime Bernier.

The businessman and reality TV star is ending his campaign only hours before the last leadership debate in Toronto, and two days before party members can start casting their votes. O'Leary's name will remain on the ballots as they've already been printed and mailed, the party said.

O'Leary said Wednesday he was confident he could win the Conservative race, but raised doubts he could defeat Prime Minister Justin Trudeauin the next election.Hecited his failure to gain traction in Quebecand his poor French-language skillsas reasons for dropping out of the leadership race.

• Inside the 'moment of truth' for Kevin O'Leary's campaign
• Analysis: After 99 days of O'Leary, is it Maxime Bernier's Tory time?
• Kevin O'Leary's short, colourful Conservative leadership campaign
• Down to 13, Conservative leadership candidates hold final debate

"The Liberals politically own Quebec. Without growing the Conservative base in Quebec, beating Trudeau in 2019 would be a huge challenge," O'Leary said at press conference with reporters in Toronto.

"It would seem foolish, even selfish, to win the leadership knowing I don't have the path, a high probability [of winning the next federal election]. The likelihood of me gaining a lot of seats in Quebec was low. I was weak in Quebec, it's a fact, people know this."

• Analysis: O'Leary's path to victory wasn't easy, but is Bernier's any easier?
• 259,010 eligible to vote in Conservative leadership race

O'Leary said Bernierwas best placed to pick up seats for the party in the province. "Look at how many times Quebec has determined the federal outcomes. Itis theFlorida of Canada, it often decides for the country."

"Trudeau has to go, and this is the man to replace him," he said of Bernier. "We need to take back this country from a very weak manager who's destroying the economy."

'Worked like hell'

O'Leary told reporters he has "worked like hell on this campaign," calling it the "hardest job I've ever had."

"This was not an easy decision for me to make but after much thought and deliberation, it is the right one for the Conservative Party and the country," he said."I want the DNA of my policies and objectives to survive into the general election. The candidate that best mirrors my policies is Maxime Bernier."

O'Leary leaves the Conservative race and speaks to reporters

7 years ago

Duration 1:31

O'Leary leaves the Conservative race and speaks to reporters

O'Leary has spent the better part of his relatively short campaign he entered the race in January taking jabs atTrudeau, branding the prime minister"surfer dude" and calling his leadership a "disaster" for the country. He has also saidTrudeaunegotiating with U.S.President Donald Trump is like"Bambi versus Godzilla."

O'Leary has not left his Conservative opponents unscathed, and, despite his endorsement ofBernier, the two candidates have sparred over allegations of membership fraud and vote buying. The Quebec MP called O'Leary a "loser" after hewent public with concerns about vote rigging.

"He's a bad candidate. Instead of trying to win people over by putting out a platform, he's throwing mud to try to save his campaign," Berniersaid of O'Leary in a March 17 email to supporters. "Kevin O'Learyis a loser. I'm a winner."

When asked about the harsh tone, Bernier said the two had a "nice competition but now we are together."

"He wascriticalduring a campaign? Welcome to politics. We're in a civil war here," O'Leary said, and the party would come together after it was over "like mercury."

The two men first met at O'Leary's cottage in Muskoka, Ont., last summer when Bernierasked the businessman to endorse his campaign for leader. Despite the later war of words, sources close to the Bernier campaigntold CBC News that the two men got along well in that first encounterand they built a "good rapport."

The formerDragons'Denstar, who now appears on the American showSharkTank, has attracted considerable media attention, and polls had pegged him to be the candidate with the most votes on the first ballot.

• ANALYSIS | O'Leary's path to victory wasn't easy, but is Bernier's any easier?
• OPINION | Bye, Kevin O'Leary! Good luck with your next wearable Bluetooth-umbrella venture

Bernierhas been a close second in those same polls, and O'Leary's endorsement could give him a significant advantage over the 12 other candidates still in the race.

The Boston-based pitchman has signed up some 35,000 members, largely based on his personal appeal and his promise to kill the national carbon tax, cut red tape and "unbridle" Canada's natural resources.

O'Leary has been accused of not taking the leadership race seriously. During the campaign, hehas spent many days in the U.S.,selling his wares on QVCandoffering commentary on U.S. cable networks.

The decision came only three hours after his campaign team sent a fundraising email signed by O'Leary himself to supporters.

"The last leadership debate istonight, and it's your last chance to join our big fundraising push before I go on stage," the email said. "My team will be showing me a list with the names of those who donated.I need your name to be on that list. I want to know you're in my corner. I'm fired up, and I know you are too."

O'Leary raised more than $1 million in the first three months of 2017.

The federalConservativeswill elect their newleaderonMay 27.