Canada's Carney launches a sovereign wealth fund. What is it?

The fund - which Canadians can invest in directly - will help pay for major infrastructure projects in the country, the prime minister says.

Prime Minister Mark Carney announced the development of Canada's first sovereign wealth fund, aiming to invest in major industrial projects and reduce economic reliance on the United States.

Canada is creating its first sovereign wealth fund to provide financing for large infrastructure projects, with a mechanism for individual Canadians to make contributions.

Prime Minister Mark Carney announced the creation of a government-owned investment fund valued at 25 billion Canadian dollars ($18 billion USD) to support major industrial projects across sectors such as energy, infrastructure, mining, agriculture, and technology.

Prime Minister Mark Carney announced the creation of Canada's first-ever sovereign wealth fund, beginning with a $25-billion endowment to support major projects crucial to reducing Canada's economic reliance on the United States.

Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects, Prime Minister Mark Carney said, with a mechanism for individual Canadians to make contributions.

Prime Minister Mark Carney announced the creation of the country’s first-ever sovereign wealth fund, called the Canada Strong Fund, aiming to invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture, and technology.

Canadian Prime Minister Mark Carney announced plans to establish a sovereign wealth fund to reduce Canada's economic dependence on the United States, amid deteriorating relations under President Donald Trump's second administration.