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    Carney kündigt Staatsfonds an

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    1. LazyImmigrant on

      Please don’t do this – we are running deficits, so any sovereign fund is pretty much funded by deficits with the added interest rate and investment risks. If we run surpluses, then it kinda makes sense to have a wealth fund/rainy day fund or whatever.

      We already have pseudo sovereign wealth fund in the form of CPP.

    2. feb914 on

      Have to see how this will be funded. Indonesia started one last year by cutting every government department’s budget (after the budget passed without the cut) and will be sustained by profits of state owned enterprises. Will Canada do the same? 

    3. feb914 on

      Also will this SWF be used to fund new pipeline to BC Coast? SWF don’t usually count into „public funding“. And if SWF funding should come from oil and gas revenue, owning pipeline will be one of the ways to do it.

    4. gimmickypuppet on

      >The “Strong Canada Fund” will serve as an investment vehicle use to finance major projects…

      That doesn’t sound much like a sovereign wealth fund. It’s a bit cart-before-the-horse mindset. Shouldn’t the first goal be how to fund it? Sounds like it’s structured as National Bank giving low-interest loans and being given the name “Sovereign Fund” to hide continued handouts to big conglomerates. Especially if it’s being “funded” (aka financed) by more government spending

    5. dollarsandcents101 on

      This isn’t a sovereign wealth fund. A sovereign wealth fund invests in diversified assets globally for the good of the people, not to finance the government’s infrastructure spending.

    6. Sn0H0ar on

      It seems to just be a bond for public investment, no? Which isn’t a terrible idea or anything, but doesn’t sound like a sovereign wealth fund.

    7. htom3heb on

      I can see this appealing to Boomers. They get to feel like they’re helping their kids (we made a „sovereign wealth fund“ for the next generation!) while letting the government do the help at no cost to them.

    8. Signal-Lie-6785 on

      The way it’s described it sounds more like a rebranding/repurposing of the Canada Infrastructure Bank. If it’s something new, then it’s encroaching on the mandate of an already-existing crown corporation.

      And sovereign wealth funds make sense for countries that run budget surplus, carrying no debt, not countries running annual deficits and drowning in debt.

    9. Realistic-Aide-6885 on

      All Canadians can invest in Canada without risk to initial investment

      I have been asking for this for a few years and today it arrives!

    11. Sir__Will on

      Since mods decided to delete the thread linking to a source that WASN’T paywalled, here’s the CBC article so people can actually read it:
      https://www.cbc.ca/news/politics/sovereign-wealth-fund-carney-major-projects-9.7178238

      > The „Strong Canada Fund“ will serve as an investment vehicle to finance major projects of national interest and will work in partnership with the private sector, Carney said in a video posted online.

      So, just another piggybank for private businesses. To fund more environmental destruction (oil, gas, AI) and failed P3 programs. Lovely.

      > Carney said in the video that Canadians will be able to contribute to and benefit from the fund.

      > „If you have a bit of extra money, we’ll make it easy for you to invest in the fund to help build Canada strong for all,“ he said.

      The hell does that mean?

    12. happycow24 on

      on the one hand, better late than never

      on the other hand, this requires a level of competence in public finance and continuity of govt policy that I am not confident we can manage as a country

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