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The Independent UK
The Independent UK
National
Rob Gillies

Prime Minister Mark Carney announces creation of Canadian sovereign wealth fund

Mark Carney Donald Trump Canada United States
Canada Carney - (ASSOCIATED PRESS)

Prime Minister Mark Carney announced Monday the Canadian government is developing a government-owned investment fund.

Carney said the fund will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 billion Canadian dollars ($18 billion).

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