Prime Minister Carney announces the Canada Strong Fund – Canada’s first sovereign wealth fund

Prime Minister Carney announced the Canada Strong Fund – Canada’s first national sovereign wealth fund. Through an initial federal contribution of $25 billion, the Fund will strategically invest, alongside the private sector, in Canadian projects and companies driving our economic transformation. This includes projects in clean and conventional energy, critical minerals, agriculture, and infrastructure.

The returns will be reinvested to grow the Canada Strong Fund, strengthening its capacity over time. As the Fund grows, it will direct capital toward investments with the highest potential return for Canada and Canadians.

To ensure Canadians have the option to invest in the growth of our nation and share in the returns, the government will launch a retail investment product. This will give Canadians a direct stake in our nation’s long-term prosperity and help build long-term national wealth. The federal government will consult over the coming months on the specific design of this new instrument. Additional details on the Canada Strong Fund will be outlined in the government’s Spring Economic Update 2026, with further updates to follow in the coming months.

Canadian companies and investors are coming forward to build Canada’s future, and investors from around the world are choosing to invest in that future. The transformative projects and companies they will help build will create a stronger, more independent, and more resilient economy for all Canadians. The Canada Strong Fund takes that one step further, making sure that all Canadians are the beneficiaries of the financial returns that these projects will generate.