Conservatives set to trigger debate on call for Carney to ‘abandon’ plan to set up ‘sovereign debt fund’ – iPolitics
April 30, 2026
What’s happening on (and off) Parliament Hill, plus the news you need to start your day.
Just days after Prime Minister Mark Carney unveiled his government’s plan to establish what he noted would be “Canada’s first sovereign wealth fund,” the Conservatives are set to trigger a full day of debate — and ultimately, a vote — on a non-binding call for the Liberals to “abandon” what their party has dubbed the “sovereign debt fund.” (10 a.m.)
As per the motion, which stands in the name of Conservative Leader Pierre Poilievre, “sovereign wealth funds must have wealth that comes from budget surpluses and resource revenues,” but “this government has run no surpluses, only deficits for the last 11 years and has no funds to invest,” yet Carney “is proposing to put his 25-billion-dollar fund on the national credit card, which will cause further inflationary pressure,” it contends.
