Prime Minister Mark Carney speaks during an announcement on the Canada Strong Fund, Canada's first sovereign wealth fund at the Canada Science and Technology Museum in Ottawa on Monday, April 27, 2026. THE CANADIAN PRESS/Justin Tang

Canada is getting a sovereign wealth fund. What does that mean and how do they work?

by The Canadian Press April 28, 2026

written by The Canadian Press April 28, 2026

By Daniel Johnson and Kyle Duggan Prime Minister Mark Carney announced the creation of the country's first-ever sovereign wealth fund on Monday, called the Canada Strong Fund. Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that include energy, infra...

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Federal Government Mark Carney

The Canadian Press

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Canada is getting a sovereign wealth fund. What does that mean and how do they work?

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