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Canada is launching a government-owned investment fund to pay for major development projects in the country, Prime Minister Mark Carney has announced.
Canada is launching a government-owned investment fund to pay for major development projects in the country, Prime Minister Mark Carney has announced. The Canada Strong Fund, a first for the country, will invest in energy, infrastructure, mining, agriculture and technology, with an initial contribution of C$25bn ($18.4bn; ÂĢ13.5bn). The fund will also allow Canadians who have "a bit of extra money" to invest into it directly, but experts have warned it risks "limited returns". The move is part of a broader goal by the Carney government to boost Canada's economy in face of US tariff threats. At