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

Hello — bonjour. We’re proud to announce a new pillar of our plan, the Canada Strong Fund, Canada’s first national sovereign wealth fund. So here’s how it works: A sovereign wealth fund is essentially a national savings and investment account. It’s designed to grow wealth for future generations of Canadians. Many countries, many countries that are blessed with natural resources — like Norway — have sovereign wealth funds. Canada hasn’t had one until now. The new Canada Strong Fund will give all Canadians a direct stake in building Canada strong. And we do this because these projects have wider benefits to our economies. For the first time in our history, every Canadian will hold a direct stake in what’s built. We will begin with an initial endowment of $25 billion. We will also do something, something else that’s new and important. For those Canadians who want to participate in an even more direct way, we will make it easy for individual Canadians to invest in the fund, and therefore own a small piece of nation building projects and share in their returns.