Carney to Create Canadian Sovereign Wealth Fund to Back Projects

www.bloomberg.com/news/article...

Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects, Prime Minister Mark Carney said www.bloomberg.com/news/article... @brianplatt.bsky.social @erikhertzberg.bsky.social @bloomberg.com

Canada is launching its first sovereign wealth fund with an initial C$25 billion to invest in major infrastructure and domestic companies. The fund will open the door for individual Canadians to invest, offering a model that protects against downside risk while allowing potential returns.