Trump promised a sovereign wealth fund 15 months ago. Canada just beat him to it with $25 billion

While Prime Minister Mark Carney’s "Canada Strong Fund" hits the ground with $25 billion, the U.S. federal fund remains stuck in the "mechanics" phase of a 15-month-old executive order.

Canada is launching a sovereign wealth fund — a year after Trump ordered one to cut taxes and build national wealth. So where is the American version?

While Prime Minister Mark Carney’s "Canada Strong Fund" hits the ground with $25 billion, the U.S. federal fund remains stuck in the "mechanics" phase of a 15-month-old executive order.
Economics Explained on MSNOpinion

America’s spending problem goes far beyond investment funds

Sovereign wealth funds have helped countries like Norway and Saudi Arabia build enormous financial reserves, but many ...

Canada to Launch Sovereign-Wealth Fund, Prime Minister Carney Says

The government will launch the Canada Strong Fund as part of its drive to build trade corridors and develop resource projects to ease the economic squeeze posed by President Trump’s trade policy.