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Margareta Dovgal: Unsurprising that central banker Carney thinks debt is ‘sovereign wealth

It’s neither sovereign, nor wealth, so it’s a mystery why Prime Minister Mark Carney has chosen this frame for his new $25 billion special project, the “Canada Strong Fund.”

One would typically expect a country announcing such a thing to have actually gone to the trouble of clearing debt and generating true sovereign wealth. The federal Liberals are conveniently skipping a few such steps.

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