Canada is getting a sovereign wealth fund. What are they and how might this one work? – CBC

Apr 28, 2026

Sovereign wealth funds are state-owned investment accounts, usually started with a country’s extra money

Prime Minister Mark Carney said on Monday his government will create a sovereign wealth fund — the first of its kind, at least at a federal level.

The government says the new Canada Strong Fund will work in partnership with private industry to serve as an investment vehicle for the major national projects this government has expressed interest in.

Carney described the sovereign wealth fund as a “national savings and investment account” that will help grow wealth for future generations of Canadians.