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Canada’s Carney announces a sovereign wealth fund
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Canada’s Carney announces a sovereign wealth fund

Al Jazeera·6 months ago
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The prime minister says the federal government will put up money alongside private investors to fund major projects.

Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund.

Carney said on Monday that the fund, a first for the country, will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 billion Canadian dollars (US$18bn).

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The prime minister said the federal government will put up funds alongside private investors.…

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