🇨🇦 Carney's 'Canada Strong Fund' likely to follow path of failing U.K. fund he helped create, think tank says

So the grand plan is to borrow $25 billion and call it a sovereign wealth fund. Very strong, very sovereign, very not wealth. By the reported details, Mark Carney is repackaging the same British model he helped push, and that model is already posting losses of £152.2 million with a cumulative return of minus 24.9 per cent. This is what happens when politicians cosplay as investors and use public debt to chase fashionable projects instead of real returns.

The real tell is that this fund is driven by borrowed money and political priorities, not surplus revenue or disciplined guardrails. In Britain that meant high-risk green darlings, missed promises on private investment, and even a taxpayer bailout. In Canada, Carney still wants to dip into resource revenues while pretending it is not a resource wealth grab. Of course. Ottawa gets the control, taxpayers get the risk, and the managerial class gets another shiny vehicle to steer capital toward ideology. Trudeau-era economics with a banker’s accent is still the same bad deal for Canada.

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