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Reason
Reason
Reem Ibrahim

Canada's New 'Sovereign Wealth Fund' Is Actually a Debt-Fueled Spending Scheme

Amid the reshaping of the global economic order, thanks in part to President Donald Trump's tariffs and trade policies, Canadian Prime Minister Mark Carney is proposing his own restructuring of Canada's economy.

On Monday, Carney announced the creation of a new "sovereign wealth fund," called the Canada Strong Fund. The fund will begin at 25 billion Canadian dollars (about $18.4 billion) and will be used to finance various infrastructure projects.

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