Ottawa, April 28, 2026 – The Europe Today: Canadian Prime Minister Mark Carney has announced plans to establish the country’s first national sovereign wealth fund, to be known as the “Canada Strong Fund,” aimed at financing strategic projects and strengthening long-term economic growth.
According to the prime minister, the fund will serve as a major investment vehicle to support projects of national interest, operating in partnership with the private sector to accelerate Canada’s economic transformation.
The federal government will provide an initial contribution of $25 billion, with the fund set to co-invest alongside private capital in key sectors including clean and conventional energy, critical minerals, agriculture, and infrastructure.
Carney said the initiative is designed to channel investment into high-impact industries that can enhance Canada’s competitiveness and resilience in a rapidly evolving global economy.
“The returns will be reinvested to grow the Canada Strong Fund, strengthening its capacity over time,” he stated, adding that as the fund expands, it will increasingly direct capital toward projects offering the highest potential returns for the country and its citizens.
In a move to broaden public participation, the government also plans to introduce a retail investment product—similar to a mutual fund or pension scheme—allowing Canadians to invest in the fund and earn dividends.
The initiative marks a significant step in Canada’s economic policy, positioning the government to play a more active role in mobilising long-term capital while leveraging private sector expertise to support sustainable growth and national development priorities.
