Canada’s latest wealth fund is the Canada Strong Fund, the country’s first national sovereign wealth fund, announced by Prime Minister Mark Carney. It features an initial federal investment of $25 billion over three years to co-invest with private finance in strategic domestic infrastructure, clean energy, critical minerals, and manufacturing.
Key Features of the Canada Strong Fund:
Nation-Building Goals: The fund is designed to finance major projects of national interest, grow long-term wealth, and help the Canadian economy become less economically dependent on the United States.
Public Participation: Unlike traditional sovereign wealth funds, the Canada Strong Fund will allow individual Canadians to directly contribute and invest alongside the government and international partners.Commercial Returns: The fund is slated to operate similarly to a private company, with the explicit goal of achieving market returns on its investments to benefit future generations. This is a great thing for certain sectors of the economy. And jobs will be secured, and reinvestment made in Canada. All good. But as far as my money or yours, I have seen this before, and because it is government-run, it is assured to struggle to make money. And that my friends is what I am here to do for you.
