PRIME Minister Mark Carney on Monday 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 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 the nation and share in the returns, the government will launch a retail investment product. This will give Canadians a direct stake in the 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.
Carney said: “Canada’s new government is catalysing a series of nation-building projects in energy, trade, critical minerals, transport, data, and beyond – projects that will make Canada stronger, more resilient, and more independent. Through the Canada Strong Fund, all Canadians will have the opportunity to share directly in these benefits. This is our country, this is your future, and we are building it together.”
François-Philippe Champagne, Minister of Finance and National Revenue, said: “Canada’s next chapter of growth starts with investing at home. The Canada Strong Fund will invest in key, strategic Canadian projects and companies, creating good-paying jobs, supercharging innovation, and keeping Canada competitive in a rapidly changing world. Importantly, Canadians themselves will have the opportunity to invest in the Fund, giving them a direct stake in our country’s growth and the ability to share in its success. This Fund is a powerful example of how we’re investing today to build tomorrow’s productivity, growth, and shared prosperity.”
