Canada announces creation of $18bn sovereign wealth fund
Canada has announced the establishment of its first sovereign wealth fund, with an initial capital of 25 billion Canadian dollars (approximately US$18 billion).The fund will invest in major Canadian industrial projects across sectors including energy, infrastructure, mining, agriculture, and technology.Prime Minister Mark Carney confirmed that the federal government will contribute funds alongside private investors to support the initiative.The announcement was made ahead of the government's spring economic update.The fund aims to diversify Canada's economy and reduce its reliance on the United States, especially amid recent trade tensions and tariff threats from the US administration.Carney highlighted that the fund draws lessons... [Continue Reading]
360LiveNews | 27 Apr 2026 18:31 LONDON
