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

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

Canada is launching a government-owned investment fund to pay for major development projects in the country, Prime Minister Mark Carney has announced.

The Canada Strong Fund, a first for the country, will invest in energy, infrastructure, mining, agriculture and technology, with an initial contribution of C$25bn ($18.4bn; £13.5bn).

The fund will also allow Canadians who have “a bit of extra money” to invest into it directly, but experts have warned it risks “limited returns”.

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Liberals promising improved bottom line in today’s spring economic update

Liberals promising improved bottom line in today’s spring economic update

The federal Liberals will table their spring economic update today, with Prime Minister Mark Carney hinting at a rosier bottom line and smaller-than-forecasted deficits.

“There will be good news [Tuesday] with the spring update on the fiscal situation, the government’s performance against our deficit targets, the government’s performance on getting spending under control,” Carney said Monday, while unveiling his plan to create Canada’s first national sovereign wealth fund.

Canadians will get more details of that performance when Finance Minister François-Philippe Champagne tables the fiscal update after 4 p.m. ET.

The background pic in the Carney clip is “Toronto – 18 William Street, August 28, 1914.”

Not all that long ago. This is what Carney and his ilk hope for you.

“Most of the Ward’s residents have no indoor plumbing and no toilets. Sanitation standards and public health regulations don’t exist.”

Certainly suitable for our replacements so there’s that.

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Morgan: Allowing Large Numbers of Non-Citizens to Serve in Canada’s Military Has Potential Pitfalls

Morgan: Allowing Large Numbers of Non-Citizens to Serve in Canada’s Military Has Potential Pitfalls

One of Mark Carney’s first promises upon becoming prime minister was to reinvest in and rebuild Canada’s military, and it appears the Liberal government has followed through with the recruitment commitment. The Canadian Armed Forces recently reported the largest surge in recruitment seen in 30 years, with over 7,300 new members joining in the 2025/2026 fiscal year.

The CAF has struggled to attract new members for decades, so it was surprising to see such a turnaround. In 2022, the federal government changed the rules and allowed non-citizens to join the Forces. This tactic appears to have worked, as 20 percent of the new recruits aren’t Canadian citizens but are permanent residents. This way of bulking up the CAF raises some concerns, however.

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Majority of Carney’s Liberals have faith in his leadership. Here are the ones who don’t, according to a poll

Majority of Carney’s Liberals have faith in his leadership. Here are the ones who don’t, according to a poll

When Prime Minister Mark Carney won government last year, several issues important to Canadians were awaiting his immediate attention.

And while it seems many Canadians think he and his cabinet have done a respectable job addressing some, a new Angus Reid Institute (ARI) poll shows the priorities at the top of most voters’ minds, including those of Liberal balloters, are not getting the attention they deserve in Ottawa.

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Howard Lutnick’s right. Canada needs to limit EV trade with China

Howard Lutnick’s right. Canada needs to limit EV trade with China

Was Prime Minister Mark Carney “nuts” to make a deal to import electric vehicles from China? That’s what Howard Lutnick says. “Carney has a problem with us,” the U.S. Commerce Secretary told a conference audience April 17. “He gets on a plane and he goes to China. Does he think the Chinese economy’s gonna buy his stuff? China is entirely an export-driven economy!”

Lutnick’s style was crude, his attitude abrasive. The deal he trashed was arguably a rational tactic to buy Canada’s canola sector some short-term breathing space. But on the challenges of trading with China, he wasn’t wrong.

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The 13 charts that prove the lost Liberal decade

The 13 charts that prove the lost Liberal decade

For years, people throughout the land have had a sense that something is amiss. But the governing Liberals carried on as though then-prime minister Justin Trudeau’s “sunny ways” were still a defining feature of our body politic. When Prime Minister Mark Carney came along, he all but admitted that his predecessor had been gaslighting Canadians, and claimed that only he could clean up the mess. But the hole is deep and the first year of Carney’s premiership did not yield the fast-paced results he promised. Just how much worse have things got? Join us as we explore Canada’s lost decade, in charts.

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Gangs using Indian international students as ‘money mules’ in Canada’s extortion crimes, new report finds

Gangs using Indian international students as ‘money mules’ in Canada’s extortion crimes, new report finds

The Bishnoi gang may not be the only criminal organization involved in extortion crimes in Canada, according to a new federal report.

The report, from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), also states that international students from India facing financial pressure are being used as “money mules” in extortion crimes.


I bet LPC fingers are to be found in this criminal pie. The LPC have turned immigration into a crime syndicate.

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Pacific Mall in Markham is a ‘trade barrier,’ says the U.S. Here’s why — and why that may be changing

Pacific Mall in Markham is a ‘trade barrier,’ says the U.S. Here’s why — and why that may be changing

Andrew Carandang and Jonathan Pan have been coming to Markham’s Pacific Mall for as long as they can remember — but there are still surprises to be had.

“They sell tools here?” Pan said, walking through the mall’s glass-box maze of more than 350 stores and stalls.

Three years ago the lifelong friends brought their online vintage clothing business Legacy Toronto into a physical store here, in what a sign inside brags is the largest indoor Asian mall in North America: “You must see it.”


The Star celebrates counterfeit goods.

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Canada’s Carney has enjoyed a long political honeymoon. Now comes the test

Canada’s Carney has enjoyed a long political honeymoon. Now comes the test

Mark Carney arrived on Canada’s political scene last year as an Ivy League and Oxford educated economist and a former central banker for two countries.

He had an impressive resume and ambitions to be prime minister but had never run for public office until replacing Justin Trudeau as Liberal leader.

There was concern his lack of political experience would be a liability, but under his leadership, the Liberals won a minority government, which in a year had solidified into a narrow majority following the defection of five opposition members of parliament to his party.

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Liberals must show results in spring economic update: former PBO

Liberals must show results in spring economic update: former PBO

OTTAWA – Prime Minister Mark Carney will be under pressure to show results from his economic agenda when his government tables an update to its fiscal outlook on Tuesday.

The spring economic statement comes one year to the day after the party secured a minority mandate in the federal election, a fourth win for the Liberals in a row, but the first under Carney.

It also comes the same week three new Liberal MPs are expected to be sworn into office, officially giving Carney’s government majority status.

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Carney to announce sovereign wealth fund … for Brookfield and his family

Carney to announce sovereign wealth fund … for Brookfield and his family

Prime Minister Mark Carney will announce plans to create a sovereign wealth fund Monday, a day ahead of the spring economic statement, according to a senior government official.

The fund will be used to invest alongside the private sector in major projects that the Carney government has committed to building over the coming years, and the government also plans to create a way for individual Canadians to contribute, the official said.

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Auto industry warns China EV tariff concession risks Canadian jobs and investment

Auto industry warns China EV tariff concession risks Canadian jobs and investment

Canada’s auto sector is warning that a federal decision to ease tariffs on Chinese electric vehicles could undermine domestic manufacturing and weaken North American supply chains, as executives say the policy puts Canadian jobs at risk.

The concerns were raised at a Commons science committee hearing after cabinet approved a quota allowing up to 49,000 Chinese-made battery electric vehicles into the Canadian market this year at reduced tariff levels, with the cap set to increase by 6.5% annually.

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Parliament’s Ethics Committee Calls on Carney to Sell Brookfield Stakes, Citing Reporting From The Bureau on His China Business Ties and CCP Official Meetings

Parliament’s Ethics Committee Calls on Carney to Sell Brookfield Stakes, Citing Reporting From The Bureau on His China Business Ties and CCP Official Meetings

OTTAWA — A landmark parliamentary ethics report recommends that Prime Minister Mark Carney — and all future prime ministers — be required to sell their investments within 60 days of taking office, while citing this reporter’s testimony on The Bureau‘s reporting into Carney’s China-linked business exposure and high-level Chinese Communist Party official visits.

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The costly fantasy of high-speed rail

The costly fantasy of high-speed rail

A family relies on a rusty sedan to get around. It’s slow and breaks down often. But the family, instead of opting for a practical replacement, puts in an order for a flashy, new model not yet in showrooms.

Sure, the luxury vehicle is significantly more expensive, and it will take years to arrive. But it is sleek and fast, and the family figures the time they will save commuting makes the higher price worth it (despite the loan they will need that will add to their already considerable debts). Besides, many of their neighbours have luxury cars – it’s about time they had one, too.

This in a nutshell is the faulty logic the Liberal government is using to create a high-speed rail line between Quebec City and Toronto.

Halto Alto!

(more…)

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J.D. Tuccille: U.S. getting richer while Britain, Europe and Canada are falling behind

J.D. Tuccille: U.S. getting richer while Britain, Europe and Canada are falling behind

We sometimes forget that the bad economic policy choices of U.S. politicians often pale in comparison to those of their counterparts in other countries. The result is that, despite the government’s best efforts, Americans are growing more prosperous at a faster rate than their peers elsewhere. The divergence is happening so rapidly, the U.K.’s Institute of Economic Affairs (IEA) recently pointed out, that Britons (among others) lose track of how quickly they’re falling behind Americans’ wealth and living standards. A return to free-market principles could help to once again even the score.


You have to wonder what the Elbow people were voting for.

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