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

"Many countries that are blessed with natural resources like Norway have sovereign wealth funds. Canada hasn't had one, until now."

— Mark Carney , Politician

"Carney has no surplus, and therefore no wealth to put in such a fund."

— Pierre Poilievre , Politician

"Historically, sovereign wealth funds are vehicles for countries that generate a lot of income from publicly-owned assets, and this is almost always oil wealth."

— Joseph Steinberg , Academic

"We take a lesson from other jurisdictions that had the foresight many decades ago to start sovereign wealth funds."

— Mark Carney , Politician

"invest alongside the private sector in nation-building projects, on a fully commercial basis"

— Mark Carney , Politician

"The U.S. has changed. That’s their right and we are responding. That is our imperative."

— Mark Carney , Politician

"I would argue there’s not a grown-up in Canada in charge there. You don’t go out of your way to antagonize the leader of the country that you are absolutely existentially tied to. It’s just political malpractice."

— Rick Switzer , Executive

"invest alongside the private sector in nation-building projects, on a fully commercial basis"

— Mark Carney , Politician

"Creating more resilience might be investing not internationally, but domestically, in a way that makes the Canadian industry more self-sufficient and more independent."

— Paul Calluzzo , Academic

"Norway has a small stake in almost every publicly traded company in the world."

— Paul Calluzzo , Academic

"This will be a government of Canada fund, but more importantly, it will be a people’s fund, it will be your fund."

— Mark Carney , Politician

"For the first time in the history of Canada, Canadians will not just contribute to the realization of these projects, they will benefit directly from their return."

— Mark Carney , Politician

"They should be grateful to us, Canada. Canada lives because of the United States."

— Donald Trump , Politician