Canada's first sovereign wealth fund unveiled: the Canada Strong Fund
Summary
CBC reports Prime Minister Mark Carney’s plan to create Canada’s first sovereign wealth fund, the Canada Strong Fund, with an initial $25 billion endowment to finance national-interest projects. The fund will be managed by an arm’s-length Crown corporation, allow retail investment by Canadians, and emphasize Indigenous participation, private-sector collaboration, and a broad project scope including energy, minerals, agriculture, and infrastructure.