Canada just dropped a financial nuke on its economic dependence with a new $18 billion sovereign wealth fund, and Wall Street is already feeling the heat. Prime Minister Mark Carney announced the Canada Strong Fund this week, a government-owned investment vehicle designed to pump money into energy, infrastructure, mining, agriculture, and tech projects across the country.
According to the BBC, the initial war chest is set at C$25 billion ($18.4 billion), and while the fund is framed as a way to build “nation-building projects” like port upgrades and natural resource development, the real target is clear: breaking free from Donald Trump’s economic bullying.
