Carney announces $25 billion "Canada Strong Fund"
Conservatives have criticized the initiative as a “debt fund,” questioning how Ottawa can sustain it while running persistent deficits.
Amid calls to shrink government, Prime Minister Mark Carney announced a $25-billion sovereign wealth fund, called the “Canada Strong Fund,” one day before the Liberals’ spring economic update.
Conservatives have criticized the initiative as a “debt fund,” questioning how Ottawa can sustain it while running persistent deficits.
Carney made the announcement via a YouTube video on Monday, saying the fund “will grow through asset recycling and reinvestment, creating even greater opportunities for future generations.”
