Prime Minister Mark Carney announced that Canada will establish a sovereign wealth fund aimed at strengthening the country’s economy and reducing its reliance on the United States. The fund will focus on investing in Canadian infrastructure projects and will be structured to operate like a private company, while allowing Canadians to invest directly.

The initiative includes an initial investment of 25 billion Canadian dollars and is intended to support major projects such as pipelines, ports, nuclear energy generation and high-speed rail. Carney said the fund would enable Canadians not only to contribute to national development but also to benefit directly from financial returns.

Unlike Norway’s sovereign wealth fund, which is financed through national oil revenues, Canada’s approach differs because natural resource revenues are controlled by individual provinces. While Alberta has its own long-standing investment fund, the new national fund’s exact funding sources and investment details have not yet been disclosed.