When you write "most people heard Government throwing billions around again.” I suggest you qualify this statement because most intelligent people heard PM Carney loud and clear. We get it!
However, there are certain un-intelligent people— like Piffleswipe Poilievre and cronies— who barely know how to find Norway on a map much less comprehend what a sovereign wealth fund is.
So, fortunately, they can bloviate all they want to and make asses of themselves. Poilievre will never lead this country, thank goodness, and his henchpeople will be left in the fallout of his imminent demise because smart Canadians don't suffer fools gladly, particularly where our bank accounts are concerned. ❤️🇨🇦
I'd put a small excise tax of 1-1.5 % tax on resource exports to increase the fund annually by 15 - 25 billion. Want a continuing stream of infrastrucure build outs. Leverage this though private investments 5:1 and a lot of the burden on governments for infastructure plays is lifted. Like a phoenix rising Canada will be the envy of the world. Canada Strong.
I like the direction you’re thinking in Larry... steady inflow + leverage is how these things really scale.
The only balancing act is making sure anything layered on exports doesn’t make us less competitive globally.
But the core idea holds... if you can create a reliable stream feeding the fund and attract private capital alongside it, that’s where this really starts to compound.
NOTHING will stop plumptrumpie from finding & siphoning every penny that every American owns & putting it in his own pockets! He already6 announced a week or 2 ago, sending agents to Manhattan, too many rich people up there, stealing money from Americans, meaning HIM. I have friends living there. I worry about them :(
New Mexico is one of the poorest states in the US but has statewide pre-K school for free. The state set up an account using monies from an existing pool of money created from revenue gathered from oil and gas taxes. Interest from this account pays the lion's share of the preschool expenses. New Mexico is investing in its future via New Mexico’s Early Childhood Trust Fund. https://albuquerque.com/universal-child-care-in-new-mexico/
And although we don’t have. Huge pot of money to invest, we do have some, and I’ll be talking to our Advisor about an investment in the fund for ourselves!
Me too. I'm not a multi-millionaires but I do have some cash in my portfolio after I sold all my US holdings in 2025. I look forward to learn more about this fund.
Incredibly interesting, Fred. I'm going to assume, since the U.S. hasn't followed Norway's lead and done this also, they won't in the future because it's "socialism".
Something I've become more aware of over the last five years is small businesses in Canada being sold to American private equity firms. Founders of these small, successful businesses need to retire, and with America's economy being bigger than ours (because it's been propped up by the US global extortion racket of the military and CIA) most of the time American private equity buys them.
There are 5 refrigeration contractors in the Vancouver region now all owned by one American company, for example. I've heard of a specialized monitoring company that only works within Canada in the mining sector also being bought by some hedge fund down south. I'm sure other readers know of many examples themselves.
My hope is that part of this sovereign wealth fund can be used to help keep more Canadian companies in the hands of Canadians. How many skilled trades people would gladly take over the companies they've worked at for years if not for the massive financial risk and burden? These companies could be transferred into cooperatives owned by all the employees and prevent the siphoning of profits into American Bank accounts to a minimum. More profits staying in Canada, reinvested in Canadian interests.
This is a great idea! Canada already has too much foreign ownership. PE funds are especially egregious as they are solely profit motivated and frequently kill the company by squeezing every penny out of it till it dies. Employee ownership is super! or more Co-ops.
When you write "most people heard Government throwing billions around again.” I suggest you qualify this statement because most intelligent people heard PM Carney loud and clear. We get it!
However, there are certain un-intelligent people— like Piffleswipe Poilievre and cronies— who barely know how to find Norway on a map much less comprehend what a sovereign wealth fund is.
So, fortunately, they can bloviate all they want to and make asses of themselves. Poilievre will never lead this country, thank goodness, and his henchpeople will be left in the fallout of his imminent demise because smart Canadians don't suffer fools gladly, particularly where our bank accounts are concerned. ❤️🇨🇦
I hear what you’re saying Cath.
My point wasn’t about intelligence... it’s about how this kind of announcement gets framed.
A lot of people never hear the full explanation… they hear the headline version, and that shapes the reaction.
That’s why I break it down the way I do. Not to convince everyone... just to make sure the full picture is actually on the table.
I'd put a small excise tax of 1-1.5 % tax on resource exports to increase the fund annually by 15 - 25 billion. Want a continuing stream of infrastrucure build outs. Leverage this though private investments 5:1 and a lot of the burden on governments for infastructure plays is lifted. Like a phoenix rising Canada will be the envy of the world. Canada Strong.
I like the direction you’re thinking in Larry... steady inflow + leverage is how these things really scale.
The only balancing act is making sure anything layered on exports doesn’t make us less competitive globally.
But the core idea holds... if you can create a reliable stream feeding the fund and attract private capital alongside it, that’s where this really starts to compound.
It's time we owned our own resources and infrastructure. $25 Billion seems like a drop in the bucket to get started.
When they set this up, I hope there's a clause that prohibits governments from tinkering or selling it off. Thinking of Petro Canada fiasco.
Good point Mary.
These kinds of funds live or die on governance.
If it’s truly arms-length and protected from political tinkering, it can work.
If not, history shows how quickly things can go sideways.
Was thinking this also.
Safeguards are needed so the coffers don’t get pilfered by future governments.
Previous governments, mostly conservative, looked at their daily egg and decided they needed to sell the hens. Result: no daily eggs.
I'm so tired of watching government sell off our infrastructure for short term gains.
NOTHING will stop plumptrumpie from finding & siphoning every penny that every American owns & putting it in his own pockets! He already6 announced a week or 2 ago, sending agents to Manhattan, too many rich people up there, stealing money from Americans, meaning HIM. I have friends living there. I worry about them :(
New Mexico is one of the poorest states in the US but has statewide pre-K school for free. The state set up an account using monies from an existing pool of money created from revenue gathered from oil and gas taxes. Interest from this account pays the lion's share of the preschool expenses. New Mexico is investing in its future via New Mexico’s Early Childhood Trust Fund. https://albuquerque.com/universal-child-care-in-new-mexico/
That’s a great example Russ... appreciate you sharing it.
Same core idea... take resource revenue, put it to work, and let the returns fund something long-term instead of burning through it.
In your case it’s early childhood education… here it’s nation-building projects. Different use, same principle.
That’s the part a lot of people miss... it’s not just spending, it’s structuring where the money flows back from.
Great post Fred! Simplified to a point that everyone should understand. Some of us will still be explaining it to some....
And although we don’t have. Huge pot of money to invest, we do have some, and I’ll be talking to our Advisor about an investment in the fund for ourselves!
Me too. I'm not a multi-millionaires but I do have some cash in my portfolio after I sold all my US holdings in 2025. I look forward to learn more about this fund.
Incredibly interesting, Fred. I'm going to assume, since the U.S. hasn't followed Norway's lead and done this also, they won't in the future because it's "socialism".
It’s interesting Richard, because the U.S. actually does versions of this at the state level...
Alaska’s a good example with its oil fund.
At the federal level though, you’re right… the politics around it get a lot more complicated.
Different systems, different priorities...
but the underlying idea isn’t as foreign as it sometimes sounds.
Thank you Fred, great article 💯🇨🇦💪🏻
Something I've become more aware of over the last five years is small businesses in Canada being sold to American private equity firms. Founders of these small, successful businesses need to retire, and with America's economy being bigger than ours (because it's been propped up by the US global extortion racket of the military and CIA) most of the time American private equity buys them.
There are 5 refrigeration contractors in the Vancouver region now all owned by one American company, for example. I've heard of a specialized monitoring company that only works within Canada in the mining sector also being bought by some hedge fund down south. I'm sure other readers know of many examples themselves.
My hope is that part of this sovereign wealth fund can be used to help keep more Canadian companies in the hands of Canadians. How many skilled trades people would gladly take over the companies they've worked at for years if not for the massive financial risk and burden? These companies could be transferred into cooperatives owned by all the employees and prevent the siphoning of profits into American Bank accounts to a minimum. More profits staying in Canada, reinvested in Canadian interests.
You’re pointing at something a lot of people are starting to notice Thomas.
When ownership leaves, the profits usually follow... and over time that adds up.
One of the interesting possibilities with a fund like this is exactly what you’re describing...
creating pathways for Canadian ownership to stay in place, whether that’s through partnerships, financing, or structured buyouts.
Not saying that’s how it’ll be used...
but it’s one of the more strategic angles if the goal is long-term economic strength.
This is a great idea! Canada already has too much foreign ownership. PE funds are especially egregious as they are solely profit motivated and frequently kill the company by squeezing every penny out of it till it dies. Employee ownership is super! or more Co-ops.
Albo and Chalmers take note PLEASE!!!