Canada is launching a government-owned investment fund to pay for major development projects in the country, Prime Minister Mark Carney has announced.
The Canada Strong Fund, a first for the country, will invest in energy, infrastructure, mining, agriculture and technology, with an initial contribution of C$25bn ($18.4bn; £13.5bn).
The fund will also allow Canadians who have “a bit of extra money” to invest into it directly, but experts have warned it risks “limited returns”.
Ahead of Prime Minister Carney’s announcement today, Im going to give you the downside of this fund.
He’s launching the $51 Billion “Strong Canada Fund.” But here’s what they aren’t telling you: That’s YOUR taxpayer money being locked away in a state-owned “Sovereign” fund.… pic.twitter.com/Qj8WDTS94G
— Unfiltered With Kels (@unfilteredwkels) April 27, 2026
