Canada Is Borrowing $25B… And Calling It “Wealth” 🤯
Prime Minister Mark Carney has announced a $25 billion “Canada Strong Fund,” calling it Canada’s first sovereign wealth fund, but is it really?In this episode of Tap the Maple, we break down what a sovereign wealth fund actually is, how countries like Norway built theirs, and why Canada’s version is fundamentally different.Here’s the key issue: this fund isn’t being built from surplus wealth, it’s being funded with borrowed money. That means Canadians are taking on the risk before any return is ever earned.We walk through:How sovereign wealth funds are supposed to workWhy borrowing $25B…
The skinny
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