Carney launches CAN$25 billion Canada sovereign wealth fund
Prime Minister Mark Carney announced a CAN$25 billion ($18.3 billion) endowment to create Canada's first-ever sovereign wealth fund.
Prime Minister Mark Carney on Monday announced the creation of Canada’s first-ever sovereign wealth fund, beginning with a CAN$25 billion ($18.3 billion) endowment. He said the fund is intended to strengthen the Canadian economy amid what he described as a “crumbling” world order.