Canada Announces Investment Fund to Distance Economy From the U.S.

Howdy — bonjour. We’re proud to announce a brand new pillar of our plan, the Canada Robust Fund, Canada’s first nationwide sovereign wealth fund. So right here’s the way it works: A sovereign wealth fund is basically a nationwide financial savings and funding account. It’s designed to develop wealth for future generations of Canadians. Many international locations, many international locations which might be blessed with pure assets — like Norway — have sovereign wealth funds. Canada hasn’t had one till now. The brand new Canada Robust Fund will give all Canadians a direct stake in constructing Canada robust. And we do that as a result of these initiatives have wider advantages to our economies. For the primary time in our historical past, each Canadian will maintain a direct stake in what’s constructed. We’ll start with an preliminary endowment of $25 billion. We will even do one thing, one thing else that’s new and necessary. For these Canadians who wish to take part in an much more direct method, we are going to make it straightforward for particular person Canadians to put money into the fund, and subsequently personal a small piece of nation constructing initiatives and share of their returns.