COLUMN: If projects lose money, who pays?

COLUMN: If projects lose money, who pays?

In my report last week, I referenced Prime Minister Mark Carney’s recently announced so‑called “sovereign wealth fund.” I used the term “so‑called” because there are important differences between what most Canadians would recognize as a traditional sovereign wealth fund and the model now being proposed. Most well‑known sovereign wealth funds — such as Norway’s — are built from surplus revenues, often generated by natural resources like oil and g…