Canada Launches Sovereign Wealth Fund for Major Projects
Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects and domestic companies, Prime Minister Mark Carney said, pledging to offer Canadian investors the opportunity to buy in. The new vehicle, dubbed the Canada Strong Fund, will be seeded with C$25 billion ($18.4 billion) from the federal government, Carney announced Monday in Ottawa. It will be professionally managed and independent of the government, meant to “invest alongside the private sect...
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