Canada Launches $18 Billion Sovereign Wealth Fund

Prime Minister Mark Carney announced Canada will create its first sovereign wealth fund, the Canada Strong Fund, with an initial $18 billion, to finance major infrastructure projects and develop resources, aiming to distance the economy from the US.

Coverage

• Carney to Launch Sovereign Wealth Fund to Distance Canada’s Economy From U.S.
• Prime Minister Mark Carney unveils $18 billion Canadian investment fund - AP News
• Canada to Launch Sovereign-Wealth Fund, Prime Minister Carney Says
• Canada Launches Sovereign Wealth Fund for Major Projects

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