{"id":3296,"date":"2026-04-29T07:46:00","date_gmt":"2026-04-29T07:46:00","guid":{"rendered":"https:\/\/tona.today\/?p=3296"},"modified":"2026-04-29T01:22:36","modified_gmt":"2026-04-29T01:22:36","slug":"canadas-carney-announces-a-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/tona.today\/?p=3296","title":{"rendered":"Canada\u2019s Carney announces a sovereign wealth fund"},"content":{"rendered":"\n<p>Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund.<\/p>\n\n\n\n<p>Carney said on Monday that the fund, a first for the country, 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 (US$18bn).<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Tems - Love Me JeJe (Official Video)\" width=\"980\" height=\"551\" src=\"https:\/\/www.youtube.com\/embed\/Y_NTooezadU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The prime minister said the federal government will put up funds alongside private investors. The money will help finance major projects that Carney\u2019s government is focused on building as Canada seeks to diversify away from the United States.<\/p>\n\n\n\n<p>US President Donald Trump has threatened Canada\u2019s economy and sovereignty with tariffs and claims that Canada could be \u201cthe 51st state\u201d in the US.<\/p>\n\n\n\n<p>Carney is a former central banker in England and Canada as well as chairman of the board of directors for Bloomberg.<\/p>\n\n\n\n<p>\u201cWe take a lesson from other jurisdictions that had the foresight many decades ago to start sovereign wealth funds,\u201d Carney said. \u201cIn some cases, they began with a domestic focus then outgrew the scale of the domestic focus.\u201d<\/p>\n\n\n\n<p>Sovereign wealth funds invest in assets, such as stocks, bonds and real estate. They are typically funded by a country\u2019s budgetary surpluses, which Canada currently does not have. The announcement came a day before Carney\u2019s government announces its spring economic update.<\/p>\n\n\n\n<p>There are more than 90 sovereign wealth funds around the world. They manage more than $8 trillion in assets, according to the International Forum of Sovereign Wealth Funds, a London-based organisation made up of roughly 50 of these entities.<\/p>\n\n\n\n<p>Trump ordered the creation of a US sovereign wealth fund last year. In the US, more than 20 sovereign wealth funds exist at the state level, according to an analysis from the Center for Global Development, a Washington, DC-based nonpartisan think tank. <a href=\"https:\/\/www.aljazeera.com\/news\/2026\/4\/27\/canadas-carney-announces-a-sovereign-wealth-fund\">(AlJazeera)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on Monday that the fund, a first for the country, 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 (US$18bn). The prime minister [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[236,55,785,3440,57],"class_list":["post-3296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-canada","tag-donald-trump","tag-mark-carney","tag-sovereign-wealth-fund","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada\u2019s Carney announces a sovereign wealth fund - Tona Today<\/title>\n<meta name=\"description\" content=\"Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tona.today\/?p=3296\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s Carney announces a sovereign wealth fund - Tona Today\" \/>\n<meta property=\"og:description\" content=\"Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tona.today\/?p=3296\" \/>\n<meta property=\"og:site_name\" content=\"Tona Today\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-29T07:46:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tona.today\/wp-content\/uploads\/2025\/07\/Mark-Carney.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tona.Today\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tona.Today\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296\"},\"author\":{\"name\":\"Tona.Today\",\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/person\\\/76420356652545dc8fd331a11f052477\"},\"headline\":\"Canada\u2019s Carney announces a sovereign wealth fund\",\"datePublished\":\"2026-04-29T07:46:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296\"},\"wordCount\":318,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Mark-Carney.jpeg\",\"keywords\":[\"Canada\",\"Donald Trump\",\"Mark Carney\",\"Sovereign Wealth Fund\",\"United States\"],\"articleSection\":[\"Foreign\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/tona.today\\\/?p=3296#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296\",\"url\":\"https:\\\/\\\/tona.today\\\/?p=3296\",\"name\":\"Canada\u2019s Carney announces a sovereign wealth fund - Tona Today\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Mark-Carney.jpeg\",\"datePublished\":\"2026-04-29T07:46:00+00:00\",\"description\":\"Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/tona.today\\\/?p=3296\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#primaryimage\",\"url\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Mark-Carney.jpeg\",\"contentUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Mark-Carney.jpeg\",\"width\":650,\"height\":360},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=3296#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/tona.today\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada\u2019s Carney announces a sovereign wealth fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/tona.today\\\/#website\",\"url\":\"https:\\\/\\\/tona.today\\\/\",\"name\":\"Tona Today\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/tona.today\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/tona.today\\\/#organization\",\"name\":\"Tona Today\",\"url\":\"https:\\\/\\\/tona.today\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/cropped-cropped-Your-paragraph-text-1.jpg\",\"contentUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/cropped-cropped-Your-paragraph-text-1.jpg\",\"width\":500,\"height\":117,\"caption\":\"Tona Today\"},\"image\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/person\\\/76420356652545dc8fd331a11f052477\",\"name\":\"Tona.Today\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g\",\"caption\":\"Tona.Today\"},\"sameAs\":[\"https:\\\/\\\/tona.today\"],\"url\":\"https:\\\/\\\/tona.today\\\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canada\u2019s Carney announces a sovereign wealth fund - Tona Today","description":"Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tona.today\/?p=3296","og_locale":"en_US","og_type":"article","og_title":"Canada\u2019s Carney announces a sovereign wealth fund - Tona Today","og_description":"Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on","og_url":"https:\/\/tona.today\/?p=3296","og_site_name":"Tona Today","article_published_time":"2026-04-29T07:46:00+00:00","og_image":[{"width":650,"height":360,"url":"https:\/\/tona.today\/wp-content\/uploads\/2025\/07\/Mark-Carney.jpeg","type":"image\/jpeg"}],"author":"Tona.Today","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tona.Today","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tona.today\/?p=3296#article","isPartOf":{"@id":"https:\/\/tona.today\/?p=3296"},"author":{"name":"Tona.Today","@id":"https:\/\/tona.today\/#\/schema\/person\/76420356652545dc8fd331a11f052477"},"headline":"Canada\u2019s Carney announces a sovereign wealth fund","datePublished":"2026-04-29T07:46:00+00:00","mainEntityOfPage":{"@id":"https:\/\/tona.today\/?p=3296"},"wordCount":318,"commentCount":0,"publisher":{"@id":"https:\/\/tona.today\/#organization"},"image":{"@id":"https:\/\/tona.today\/?p=3296#primaryimage"},"thumbnailUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/07\/Mark-Carney.jpeg","keywords":["Canada","Donald Trump","Mark Carney","Sovereign Wealth Fund","United States"],"articleSection":["Foreign"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/tona.today\/?p=3296#respond"]}]},{"@type":"WebPage","@id":"https:\/\/tona.today\/?p=3296","url":"https:\/\/tona.today\/?p=3296","name":"Canada\u2019s Carney announces a sovereign wealth fund - Tona Today","isPartOf":{"@id":"https:\/\/tona.today\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tona.today\/?p=3296#primaryimage"},"image":{"@id":"https:\/\/tona.today\/?p=3296#primaryimage"},"thumbnailUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/07\/Mark-Carney.jpeg","datePublished":"2026-04-29T07:46:00+00:00","description":"Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on","breadcrumb":{"@id":"https:\/\/tona.today\/?p=3296#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tona.today\/?p=3296"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tona.today\/?p=3296#primaryimage","url":"https:\/\/tona.today\/wp-content\/uploads\/2025\/07\/Mark-Carney.jpeg","contentUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/07\/Mark-Carney.jpeg","width":650,"height":360},{"@type":"BreadcrumbList","@id":"https:\/\/tona.today\/?p=3296#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tona.today\/"},{"@type":"ListItem","position":2,"name":"Canada\u2019s Carney announces a sovereign wealth fund"}]},{"@type":"WebSite","@id":"https:\/\/tona.today\/#website","url":"https:\/\/tona.today\/","name":"Tona Today","description":"","publisher":{"@id":"https:\/\/tona.today\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tona.today\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/tona.today\/#organization","name":"Tona Today","url":"https:\/\/tona.today\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tona.today\/#\/schema\/logo\/image\/","url":"https:\/\/tona.today\/wp-content\/uploads\/2025\/05\/cropped-cropped-Your-paragraph-text-1.jpg","contentUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/05\/cropped-cropped-Your-paragraph-text-1.jpg","width":500,"height":117,"caption":"Tona Today"},"image":{"@id":"https:\/\/tona.today\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/tona.today\/#\/schema\/person\/76420356652545dc8fd331a11f052477","name":"Tona.Today","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g","caption":"Tona.Today"},"sameAs":["https:\/\/tona.today"],"url":"https:\/\/tona.today\/?author=2"}]}},"brizy_media":[],"_links":{"self":[{"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts\/3296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3296"}],"version-history":[{"count":1,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts\/3296\/revisions"}],"predecessor-version":[{"id":3297,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts\/3296\/revisions\/3297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/media\/639"}],"wp:attachment":[{"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}