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Canada's Carney launches a sovereign wealth fund. What is it?
Key takeaways
- Nadine Yousif Senior Canada reporter AFP via Getty Images 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".
Why this matters: an international story with cross-border implications worth tracking.
Nadine Yousif Senior Canada reporter AFP via Getty Images 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".
Article preview — originally published by BBC World. Full story at the source.
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