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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 work
Why borrowing $25B…
The skinny
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