sovereign wealth fund

Prime Minister Mark Carney has announced his plan to create Canada's first sovereign wealth fund. The "Strong Canada Fund" will serve as an investment vehicle to finance major projects of national interest and will work in partnership with the private sector, Carney said in a video posted online. Carney is expected to provide more specific details regarding how the fund will work later Monday, but said in the video Canadians will be able to contribute to and benefit from the fund. "If you have a bit of extra money we'll make it easy for you to invest in the fund to help build Canada strong for