The statue has been called into question as many reflect on Sir John A. MacDonald's checkered past with Indigenous people.
Over the past couple of weeks, the statue has been doused in red paint and was the centre of protests calling for its removal.
Lori Campbell, Director, Waterloo Indigenous Student Centre at St. Paul's University College told the Mike Farwell Show on 570 NEWS that the statue should be removed.
"I don't see myself walking by a statue as an Indigenous person when I know all the harm that his policies and legacy of his policies have caused to me."
She said the statue doesn't address the former prime minister's faults and past with racism, and as a result, many people are unaware of it. Campbell said there is a better way to address history to reflect all sides.
"There has been this massive sanitization of our history books that do not include this information, I really think there are other ways we can go about it, we can learn about it through the textbooks in the schools, we can learn about it when we visit museums."
Meantime, Michael Harris, Regional Councillor said the statue should stay put as it is important that we don't erase history.
"We need to remember our history warts and all, and we have to be able to have a civil conversation...reconciliation is about finding a balance and telling the history of this country."
He is recommending that some changes be made, to address a deeper history of Canada.
"I would love to see potentially added statues within the prime ministers path, highlighting some of those Indigenous leaders."
Harris said these statues can be used to educate future generations.