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Should debt-ridden Canada really be borrowing $25-billion to invest more?
Ottawa will seed the fund with $25 billion over three years to co-invest in strategic projects and companies, officials said.
6 Articles
6 Articles
Canada’s new ‘sovereign wealth fund’ is actually a debt-fueled spending scheme
Amid the reshaping of the global economic order, thanks in part to President Donald Trump's tariffs and trade policies, Canadian Prime Minister Mark Carney is proposing his own restructuring of Canada's economy. On Monday, Carney announced the creation of a new "sovereign wealth fund," called the Canada Strong Fund. The fund will begin at 25 billion Canadian dollars (about $18.4 billion) and will be used to finance various infrastructure project…
The Canada Strong Fund is a sovereign debt fund—and the consequences of pretending otherwise are real
The federal government is running deficits on the order of $66.9 billion. Out of that sea of red ink, it proposes to carve $25 billion for something it calls the Canada Strong Fund—and to label it a sovereign wealth fund. As Rudyard Griffiths and Sean Speer argued in The Hub, if public funds are offset by equal increases in public debt, the net wealth effect is necessarily zero. That basic accounting identity is worth interrogating further, beca…
The $25-billion sovereign wealth fund is not enough for Canada’s investment challenges
Ottawa is pitching Canada’s “first” national sovereign wealth fund as a way to give every Canadian “a stake and the opportunity to benefit” from nation-building projects. The plan? Borrow $25 billion to capitalize the fund, which aims to invest in major infrastructure projects, such as clean and conventional energy, critical minerals, agriculture and other sectors. But key details remain unresolved, including the fund’s investment mandate and ho…
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