Le Canada établira son premier fonds souverain d'une valeur initiale de 25 milliards de dollars canadiens

Gold Finance reports that on April 28th, Canadian Prime Minister Trudeau told reporters that Canada will establish a sovereign wealth fund with an initial size of 25 billion CAD (18.38 billion USD) to invest in major domestic projects. The fund will become Canada’s first sovereign wealth fund, announced just before the release of Canada’s fiscal report. “A sovereign wealth fund is essentially a country’s savings and investment account, aimed at accumulating wealth for future generations,” Trudeau said. Trudeau stated that the Canada Strong Fund will collaborate with the private sector to invest in major projects across the country using a commercialized model, and will expand through asset turnover and reinvestment.