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Canada announces investment fund for remote economy from US
Prime Minister Mark Carney announced the Canada Strong Fund, which will focus on investing in the country’s infrastructure. The sovereign wealth fund seeks to make the Canadian economy less dependent on the United States.
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Hello – Hello. We are proud to announce a new pillar of our plan, the Canada Strong Fund, Canada’s first national sovereign wealth fund. So here’s how it works: A sovereign wealth fund is essentially a national savings and investment account. It is designed to increase wealth for future generations of Canadians. Many countries, many countries that are rich in natural resources – Norway – have sovereign wealth funds. Canada didn’t have one until now. The new Canada Strong Fund will give all Canadians a direct stake in making Canada stronger. And we do this because these projects bring broad benefits to our economies. For the first time in our history, every Canadian will have a direct stake in what is built. We will start with an initial endowment of $25 billion. We will also do something like this, something else which is new and important. For those Canadians who want to participate in an even more direct way, we will make it easier for individual Canadians to invest in the fund, and therefore take a small part of nation building projects and share in their returns.
By Cynthia Silva
27 April 2026
