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.
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. Canadian Taxpayers Federation federal director Franco Terrazzano joins Marc Patrone to explain why he says the fund allows government to “pick winners and losers” in the market.
They also examine how the proposal compares to true sovereign wealth funds like Norway’s and why concerns over transparency, debt, and political influence are growing.
Plus, political strategist Georgeanne Burke joins to break down the assassination attempt at the White House Correspondents’ Dinner, President Trump’s latest clash with legacy media, and the broader debate over media responsibility and political rhetoric.
Help us cover the stories the taxpayer-funded legacy media doesn’t want to touch. Support strong, fearless, independent media. Become a premium Juno News subscriber today and save 20% off!
 |
|