Ottawa, 27 April 2026 – Canada will create its first sovereign wealth fund to help finance major infrastructure and national-development projects, as Prime Minister Mark Carney moves to strengthen the country’s economic resilience and attract long-term capital into strategic sectors.
The fund, to be known as the Canada Strong Fund, will provide financing for large-scale projects and include a mechanism allowing individual Canadians to contribute, according to reports citing Carney’s announcement. The plan forms part of a broader policy push to make Canada more competitive, more self-reliant and less exposed to external economic pressure.
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