Carney’s "Canada Strong Fund" blasted as debt-fuelled slush fund

Critics are raising alarms over Mark Carney’s $25B “Canada Strong Fund,” warning it relies on borrowed money and could let government pick corporate winners.

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Prime Minister Mark Carney has unveiled a $25 billion “Canada Strong Fund,” calling it the country’s first national sovereign wealth fund, but critics say it doesn’t meet the definition.

Opponents argue the plan is built on borrowed money, not surplus revenue, and risks turning taxpayer dollars into corporate subsidies. Canadi…