Canadian Prime Minister Mark Carney is marketing his new Canada Strong Fund as a "sovereign wealth fund," but it is one of many ways the government can waste taxpayer money.

Prime Minister Mark Carney recently announced Canada’s first national sovereign wealth fund, the Canada Strong Fund. It’s aimed at investing $25 billion in domestic projects while offering Canadians a ...

If the projects are viable, they don’t need the government to invest in them. If not, then it’s not an investment, it’s a handout ...

Norway, for example, another oil-rich democracy, created a sovereign wealth fund to help avoid the domestic economic distortions that commodity booms can generate. A surge of natural resource wealth, ...

Alberta launched its sovereign wealth fund decades ago, but it was regularly poached by politicians, which is why the bank balance failed to meaningfully grow.

Canada just did what the United States promised to do 15 months ago. On February 3, 2025, Trump signed an executive order for a U.S. sovereign wealth fund — one that would cut taxes on American ...

OSLO (Reuters) -Norway's sovereign wealth fund earned a 5.8% return on investment in the third quarter, corresponding to a profit of 1.03 trillion Norwegian crowns ($102.56 billion), it said on ...

Canada will create its first national sovereign wealth fund, marking a major shift in economic policy that Prime Minister ...

Dan Albas is the Conservative Party MP for the riding of Okanagan Lake West—South Kelowna. Contributions published by ...