"Prime Minister Mark Carney announced on Monday the Canada Strong Fund, the country's first national sovereign wealth fund, with an initial federal government investment of $25 billion over three years."
"A sovereign wealth fund is a chunk of money owned by a state and invested in financial assets, allowing the country to invest surplus funds and see a return."
"The fund is designed to grow wealth for future generations of Canadians, partnering with private industry to invest in major national projects."
The Canada Strong Fund will be the first national sovereign wealth fund in Canada, initiated by Prime Minister Mark Carney. It will partner with private industry and aims to serve as an investment vehicle for significant national projects. The fund will start with a federal investment of $25 billion over three years. Sovereign wealth funds are typically used to invest surplus state funds in financial assets, generating returns for the country. The Canada Strong Fund is designed to grow wealth for future generations of Canadians.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]