Carney announces creation of Canada’s first sovereign wealth fund – CBC

Apr 27, 2026

Fund will be used to finance construction of major projects of national interest

Prime Minister Mark Carney has announced his plan to create Canada’s first sovereign wealth fund.

The “Canada Strong Fund” will serve as an investment vehicle to finance major projects of national interest and will work in partnership with the private sector, Carney said in a video posted online.

Carney said in the video that Canadians will be able to contribute to and benefit from the fund, investing alongside the private sector and international partners.

Read More: https://www.cbc.ca/news/politics/sovereign-wealth-fund-carney-major-projects-9.7178238