Carney says sovereign wealth fund will ensure all Canadians reap rewards of major projects - The Globe and Mail - "Prime Minister Mark Carney says Canada’s first ever national sovereign wealth fund, which he announced Monday, will ensure all Canadians reap the rewards of government support for major new projects. But critics said the Liberal government’s model falls short in comparison with large and successful international versions of such funds... The Canadian fund is linked to what the government describes as nation-building efforts, including ports and natural-resources projects. Mr. Carney said it is aimed at domestic investments... While some economists and business leaders said such a fund is long overdue, others said it fails to replicate key aspects of existing sovereign wealth funds, which are generally free to invest around the world. Sovereign wealth funds are state-owned investment accounts. They are typically independently managed... Lucy Hargreaves, CEO of Build Canada, a civic organization that promotes the policy ideas of Canadian entrepreneurs, expressed disappointment with Monday’s announcement. “The Canada Strong Fund is a sovereign wealth fund in name only,” she said. Her organization had issued a report earlier this month calling for a wealth fund modelled after those in place in Norway and Singapore. “What was announced today is closer to a war bond, with Canadians buying equity in projects the government is already trying to get off the ground,” she said... “How many corporate welfare agencies do the Trudeau-Carney Liberals need to create before they learn that it doesn’t work?” he said, pointing to the Canada Infrastructure Bank, the Canada Growth Fund and the Defence Investment Agency. "
Michelle Rempel Garner on X - "To be fair, this headline is wrong. It would be a "debt fund" not a "wealth fund". True sovereign wealth funds like Norway's are built from surpluses. Canada is running massive deficits. This is akin to a man who's in debt borrowing hundreds of thousands to buy stocks."
Not to mention that the purpose of a sovereign wealth fund is to invest money to get high returns. This is just a way to fund "infrastructure". Given the dysfunctional climate, this is going to lead to more losses
Ryan Williams Bay of Quinte | Facebook - "This isn’t a sovereign wealth fund. It’s a banker’s version of one with $25 billion of public money funded by debt. Even some of Carney’s allies can’t explain what problem it solves. A real sovereign wealth fund starts with surplus national wealth… and invests it globally to grow the country’s balance sheet over generations. This looks different. It appears designed to attract and channel private capital even household savings into government-directed infrastructure projects. That’s not how you build a sovereign fund. That’s how you structure deals. A banker optimizes for capital flow. An economist optimizes for national returns, productivity, and long-term wealth. Those are not the same thing. And if you get that wrong, you don’t create a sovereign wealth fund you create another mechanism that moves money around without actually making the country richer. What happens next in Canada’s case is fairly predictable, and the contrast with Norway is clear. Norway built its fund from real surpluses, invested it globally, and limits spending to about 3 percent a year to protect long term growth. That is how you compound national wealth over generations. In Canada’s version, capital will be directed toward domestic, government preferred projects, returns will likely track policy goals more than market performance, and risk will sit more heavily on the public balance sheet. Over time that means weaker returns, less diversification, and little true wealth accumulation. By not following the Norway model, Canada misses the larger opportunity to build a national balance sheet that compounds globally over decades."
Thread by @TeslaTTS on Thread Reader App – Thread Reader App - "Not clear at all why Carney is creating this SWF. He can call it as he wishes, but it’s not a SWF as traditionally known. Nor is it another Canada Infrastructure Bank, which was focussed on loans. It appears to be more of a vehicle to attract and channel private investment (including personal savings) into government infrastructure projects. But there is currently nothing preventing the government from partnering with private investors on specific projects and there is no lack of investment vehicles for households to channel their savings. In other words, it’s not clear what problem this is designed to solve, or how it solves it."
How ignorant. Doesn't he know that Mark Carney has a PhD from Oxford?! Clearly he doesn't deserve to have been Former Chief Economist at the Public Sector Pension Investment Board and former Chief Economics Strategist at TD Securities since he has no idea about Economics!
Ryan Williams on X - "Lots of countries have sovereign wealth funds… Canada is one of the few building one without a dedicated revenue stream.
π¨π¦ Canada Strong Fund: $25B debt-seeded
Most major funds are built on real cash flows:
• π³π΄ Norway: oil & gas revenues
• π¦πͺ UAE: oil & gas
• πΈπ¦ Saudi: oil + state assets
• πΈπ¬ Singapore: FX reserves, surpluses
• π¨π³ China: FX reserves
• π¦πΊ Australia: budget surpluses
Some use leverage BUT usually on top of strong underlying assets or cash flow. Canada is launching one while:
• running $65B annual deficits
• adding $250B in debt over 4 years
• with no clear revenue feeding the fund
That’s the difference."
Jack M. Mintz: Beware a new Infrastructure Bank; Canada's had enough of these failures already - " An infrastructure bank combining government and private sector funding has been proposed in several countries, including Australia and United States. The idea has not particularly caught on since its advantages have not been made clear. Its governance could be particularly problematic with the mixing of public and private interests. Back in the 1970s, many governments throughout the world created public-private mixed enterprises to improve the performance of public agencies or corporations. It was based on the idea that an entity would perform better with the expertise and discipline provided by the market. That experiment, including the Canada Development Corporation with a mix of public and private interests, ultimately failed... The reason for this failure is that it is difficult to merge public and private interests. Private investors are solely interested in commercial success. Governments have other objectives that could compromise profitability... The concern over the lack of infrastructure spending is with respect to our onerous regulatory system and a lack of investment in public-owned infrastructure. Whether the Canada Infrastructure Bank will be a catalyst for better infrastructure spending is far from clear. We might be better off with privatization that was the end result of a failed public-private mixed approach of the 1970s."
From 2017. Surely this time, it will work, given that the Master Economist is behind it!
Yes, Carney is much worse than Trudeau and here are a few reasons why : r/CanadianConservative - "After seeing comments refuting this, I feel compelled to remind us of the reality we are in.
At least Trudeau stopped deepening ties with China after the scandal broke in 2023 of election interference and Chinese Canadians were threatened on our soil. Carney keeps deepening those ties and defended China's human rights violations.
At least Trudeau didn't call for all Freedom Convoy protesters to be arrested after the second week. Carney did.
At least Trudeau didn't entice floor crossing to overturn a democratic minority government outcome for the first time in global history. Carney did.
At least Trudeau's deficit was projected at around 60b. Carney's is 78b.
Just because Carney is popular right now doesn’t negate facts. We shouldn't have to ignore facts just to fit in."
wealthmoose on X - "π¨π¨π¦ Under Mark Carney Canada has:
πThe worst food price inflation in the G7
πThe highest household debt in the G7
πThe most unaffordable housing in the G7
πThe lowest investment / worker in the G7
πThe second lowest productivity in the G7
πThe second highest unemployment in the G7.
@MarkJCarney @liberal_party But Liberals want you to believe, “things have never been better!”π€ #Cdnpoli #Canada"
The Carney Files π¨π¦| Sourced on X - "A lot of people in these comments are throwing insults for saying Carney wasn't elected. None of them have pointed out a single fact that's wrong. So let me be very clear. I never said it was illegal. I never said that he was the first to become Prime Minister without being an MP. I said he was “the first Prime Minister in Canadian history to have never been elected to public office”. And the bigger picture is the part nobody in the comments wants to touch π The Carney government was about to fall. All three opposition parties — Conservatives, NDP, Bloc — said they'd vote non-confidence. Conservatives had a 24-point lead π The government was done. So Trudeau prorogued Parliament. Shut it down. Suspended democracy so the confidence vote couldn't happen. CBC confirmed it: "the Liberals will avoid a confidence vote." Then during that suspension, 0.38% of Canadians chose Carney as Liberal leader. Then Trudeau — the man they had no confidence in — advised the GG to appoint Carney as PM π Same party. Same government. Same Salesman. You cannot claim he had the confidence of Parliament when they suspended Parliament specifically to avoid testing it. And since then? He has fooled this country at every turn π
π Said he'd "axe the tax." Scrapped the one you could see. Kept the hidden one — 7¢/litre. Zero rebates. Industrial carbon tax still climbing to $170/tonne.
π Said he'd fix the $390M slush fund. "Replaced" it with a $5B version. Same minister. Bigger budget.
π His ethics screen covers 5% of Brookfield. The Ethics Commissioner said under oath his future pay is tied to Brookfield's success.
π Said he'd stand up to China. Flew to Beijing. Dropped EV tariffs from 100% to 6.1%. Slave labour imports from Xinjiang grew from $59M to $601M. Canada blocked 2 shipments. The US blocked over 1,000.
π Campaigned on 380,000 immigrants. Real number is 765,000+. The UN called the program "a breeding ground for contemporary forms of slavery."
π $35.8M in taxpayer money went to companies his wife advises.
π Appointed a BlackRock executive to run international trade. BlackRock and Brookfield are co-investors.
π 5 MPs crossed the floor with no by-elections. 74% of Canadians across ALL parties say that's wrong.
π Now he's personally choosing the next Governor General — the person who signs his laws into effect. No vote. No public input.
This is what you're defending. Read that list again. Slowly. Then tell me which one is wrong. I'll correct it publicly. And this is just what fit in one post. The pinned post on my profile has the full picture. Every thread. Every source. Every dollar traced. Then come back and tell me why you're still defending him. Call me what you want. The facts don’t care π¨π¦ #StandOnGuard #StandOnGuardCanada"
I remember when left wingers claimed Trump was unqualified because he had never held elected public or military office
As prime minister, Mark Carney makes Question Period a low priority - "A Global News analysis of the official record of House of Commons proceedings, known as Hansard, shows that Carney has been present for just 28 of the 96 QP sessions since the 2025 general election. (The PMO said he's been present in QP 29 times). Carney's QP attendance rate of 29.2 per cent pales next to Justin Trudeau's record in the first year after he was first elected in 2015 — 41 of 89 or 46.1 per cent — or Stephen Harper's after he was first elected in 2006 — 61 of 95 sessions, or 64.2 per cent... Being present in QP also gives a prime minister a sense of what is important in regions of the country where his own party may not have much representation. The Liberals, for example, have sparse representation in small-town, rural, and Western Canada."
Letters, March 30, 2026: 'UK offers glimpse at Canada's future' - "PM Mark Carney bizarrely criticized Air Canada CEO Michael Rousseau for not speaking French while addressing the recent New York runway crash. The two Air Canada pilots died, dozens of passengers were injured and everyone involved was traumatized, yet Carney’s focus is on official bilingualism to express condolences. Ironically, Carney delivered his self-righteous speech in English, since he can barely speak French himself. What hypocrisy!"
Mark Carney details $51B infrastructure funding plan
The people who cheer this also mock those who blame the federal government when things go wrong for not knowing their civics and that these are provincial responsibilities
Meme - "Everything in Canada is worse under Carney, yet his approval ratings continue to rise. It's like Trudeaumania all over again. When will Canadians learn?"
"Trudeau - Ended March 2025. Carney - SINCE MARCH 2025
UNEMPLOYMENT RATE
+6.6% avg. vs +6.7% avg.
NATIONAL DEFICIT
~$45 Billion vs ~ $70 Billion
FOOD INFLATION RATE
~3.2% vs ~4.1%
FORCED TO RESIGN vs 66% APPROVAL RATE"
Democratic Senators Call on Trump to Block Chinese Automakers From Manufacturing in U.S. - WSJ - "Democratic Sens. Tammy Baldwin of Wisconsin, Elissa Slotkin of Michigan, and Minority Leader Chuck Schumer of New York wrote a letter to Trump also calling for a ban on Chinese vehicles manufactured or titled in Canada and Mexico from entering the U.S."
Thread by @Dennismolin11 on Thread Reader App – Thread Reader App - "Canada has successfully united Democrats and Republicans against its absurd trade deal with China. Bravo. Completely predictable to anyone not blinded by their own absurd ideology. And as I said from day 1, how does anyone think this will play out in trade talks? Why would any democrat back Canada from any auto producing state? They're not going to have an integrated supply chain with China. So Canada traded auto manufacturing jobs and auto trade with the US, for what? Helping China sell cars at the expense of Canadian jobs and its own security? Complete stupidity. One can only hope this somehow doesn't turn out as bad as it is currently looking. What's at risk? At present, after tariffs, as many as 500,000 jobs, almost $17 billion in GDP and 90 per cent of production that goes south, but instead you can have some cheap Chinese cars. Canada loses this and it is not going to be recognizable."
Comment: "Even the Democrats that Prime Minister Carney’s party loves so much have turned against him for cutting a deal with the Chinese. I’m starting to think Trudeau was actually smarter than him."
Andrew Scheer on X - "BREAKING!!! More and more evidence that Carney isn’t special, he’s just a typical Liberal. He just got caught using the Canada Infrastructure Bank to enrich Liberal insiders, including former Liberal MPs, with your tax dollars. Meet the new Liberal boss, same as the old boss"
Andrew Scheidl πΊπ¦ on X - "Carney claims job gains when the data says losses. Solomon claims the job losses are due to a far away war that started on the very last day of February, the month in which the job losses were recorded. These are not very bright people. They're counting on fooling 40% of Canadians. And they always do."
The Carney Files π¨π¦ on X - "I'm not alleging a crime. I'm not a journalist, a lawyer, or a politician. I'm a Canadian who read the public filings, watched the parliamentary testimony, pulled the government's own aviation plan, and connected what nobody in the media has bothered to connect. A Prime Minister who holds a personal financial stake in a $2.1 billion aviation fuel investment publicly pressured out the one airline CEO who was warning — in writing, in a legal document — that the economics don't work yet. That's not a theory. That's a timeline of publicly documented facts. Every number in this thread comes from Air Canada press releases, Brookfield corporate filings, sworn parliamentary testimony, the government's own Aviation Climate Action Plan, or verified reporting. Every screenshot is from a primary source. I didn't have to file a freedom of information request for any of this. It was all sitting in the open. No one has put this together (publicly) until now."
Cheryl Robinson on X - "Bank of Canada Governor, Bay Street executives join Finance Minister for China meetings. Why would MacKlem be directly involved in trade meetings??? Brookfield, Power Corp, Scott Brison BMO reps as well"
Sam Cooper on X - "Looks like a PRC captured financial elite. This framework has apparently been in place since Pierre Trudeau."
Lionel Talbot ππ on X - "I wrote a piece yesterday (in French) addressing the reasons that motivated Carney to become Prime Minister of Canada. They were mostly personal (Brookfield). This was one of the comments I received: “I don’t care why, but just the fact that he stands up to Trump and that this orange madman is angry with Carney, I’m satisfied.” Unfortunately, this is how the majority of Canadians feel. If Trump was the evil person the media depicted him to be, how did he win a convincing majority even though 90% of media coverage on him was negative while 85% on Kamala was positive? Don’t give me the “Americans are stupid” bullshit. Libtards still haven’t figured this out, proof that TDS actually exists. People need to stop blaming Trump. The day Canadians realize Trump isn’t the villain he’s portrayed as will mark the beginning of the end for Carney and the Liberals. Canada’s emotional rage toward Trump and his allies isn’t good for the country, but it has benefited the Liberal Party. The Liberals knew they couldn’t campaign on a decade of failures, corruption, and economic decline. With the help of subsidized media, they focused instead on Trump and his team. The country is plunging into recession, but that doesn’t matter. Canadians would follow Carney off a cliff if they thought it would give Trump the finger. The Liberals have made hatred of Donald Trump their entire personality. Canadians are easily manipulated and haven’t yet woken up to reality. If they devoted even a fraction of their rage against Trump to demanding competence from their own government, this country would be in far better shape. I’m most concerned about the bill that future generations—my children and grandchildren—will have to pay for the legacy we boomers are leaving them."
The US has a strong economy. So to spite the US, Canada needs to destroy its economy
Moose on the Loose on X - "Carney's $900 million road project in Nunavut to Grays Bay: the biggest beneficiary is a mining company 78% owned by China."
cbcwatcher on X - "One year ago today, Carney said "I'm ready to sit down with President Trump at the appropriate time, under a position where there's respect for Canadian sovereignty and we're working for a common approach, a much more comprehensive approach for trade." "We are all going to be better off when the greatest economic and security partnership in the world is renewed, relaunched. " No deal. No shovels in the ground. Nobody is better off He promised "an even better deal" on October 8, 2025... but the media is too busy holding the opposition to account to care Accountability is for other people"
Lee Humphrey on X - "A tried & true @liberal_party tactic is to campaign on a series of promises that are completely ignored once elected. Spend massively to overcome the consequences of their actual economic policies to create a false impression of a so-so economy & micro target spending to influence & reward voting blocks while demonizing CPC demands for reigning in gov spending. Finally their greatest achievement, get the MSM addicted to taxpayer dollars that will only continue to flow if the Liberals stay in power. In just one year, Carney has failed to deliver on any election campaign promise other than cancelling the individual carbon tax which he offset by increasing the industrial carbon tax. It’s an incredible achievement to fail this epically & still be this popular."
Canada a reliable oil exporter, increasing production: Carney - "the 32 member countries of the International Energy Agency, including Canada, agreed to a co-ordinated release of 400 million barrels of oil, the largest such emergency release in IEA history. On Friday, Canada announced it would increase its oil production by 23.6 million barrels as part of that."
Canada to release additional 140K barrels of oil per day starting in April - "Canada is the only G7 country that does not have emergency oil reserves"
Mackenzie Gray on X - "The 23.6 m barrels of oil that Canada will release as a part of the IEA plan will come from already planed production, not an emergency increase It will be a 140k barrels a day, starting in April, as per the Natural Resources Ministers office #cdnpoli"
Jim McCormick on X - "Its a laughable moment for the Canadian government and Mark Carney, in particular. Canada does not have a strategic petroleum reserve, period. Any oil that we sell in this country is contracted for sale long term including Alberta government's take-in-kind royalty volumes."
Liberal MP Michael Ma sparks backlash after casting doubt on forced labour of Uyghurs in China - The Globe and Mail - "Margaret McCuaig-Johnston, a senior fellow at the University of Ottawa, told the committee Thursday that electric vehicles are being made with Chinese aluminum products made by slave labourers in Xinjiang... The federal government has previously said it is concerned about violations of Uyghurs’ human rights in Xinjiang. In 2021, MPs declared in a motion that China’s treatment of them, including forced labour, was “genocide.” NDP MP Jenny Kwan said Thursday that Mr. Ma was either “deliberately uninformed or he is deliberately blind to the reality.”... MPs and human-rights advocates urged Ottawa to step up pressure on Beijing to help a Uyghur Canadian imprisoned in China for 20 years who has not been seen for almost a decade. At a press conference, Liberal and Bloc QuΓ©bΓ©cois MPs called on China to allow Huseyin Celil, a Uyghur rights advocate, a phone call with his family in Canada, including a 19-year-old son he has never met. Bloc MP Alexis Brunelle-Duceppe said he was concerned the federal government is not applying the same pressure on Beijing to release Mr. Celil as it did with Michael Kovrig and Michael Spavor, who were freed from Chinese custody in 2021. He questioned whether Ottawa is treating the Uyghur Canadian as a “second-class citizen” and not devoting similar energy to his case because he was not born in Canada. Mr. Celil was arrested in Uzbekistan in 2006 while on a family visit, and abducted to China where he faced a secret trial that year. Alex Neve, professor of international human-rights law at the University of Ottawa, said Mr. Celil has “disappeared into an abyss of injustice, and now for nearly 10 years, there’s absolutely no knowledge of his whereabouts, his well-being or his fate.”"
Roman Baber on X - "Seriously, if Chinese electric vehicles use any slave labour, why did @MarkJCarney agree to import 49,000 Chinese electric vehicles per year?"
Meme - "Does anybody else find it weird that Michael Ma crossed the floor to the Liberals, and within a few months he started denying Chinese human rights abuses and threats to Canadian sovereignty?"
Scott Robertson on X - "PM Carney on Canada's contribution to Arctic security: "We already have the second largest icebreaker fleet in the world after Russia. Once our icebreaker program is completed, we will have the largest. We will have 42 icebreakers. The Americans have one.""
John Ι
Konrad V on X - "MORE CARNEY LIES The country with the world’s longest Arctic coastline cannot independently operate in its own northern waters during winter. Canada’s flagship icebreaker, the CCGS Louis S. St-Laurent, was launched in 1966. She’s 60 years old. She is NOT polar class rated. SIXTY She was supposed to be decommissioned in 2000. Then 2017. She’s still in service because nothing exists to replace her. Many “icebreakers” Carney eludes to ice strengthened patrol boats. Ice strengthened just means they won’t sink if they run into ice. It doesn’t mean they can “break” a thick layer of ice. CCGS Louis S. St-Laurent‘s replacement was announced in 2008. EIGHTEEN YEARS AGO Originally due in 2017. It is now “scheduled” for 2026. No ship has been delivered. The program is old enough to vote. ∙Canada operates nine medium icebreakers, most built in the 1970s and 80s. NONE are polar-class. They handle first-year ice in the St. Lawrence and make summer trips north when conditions allow. ∙Russia operates 40+ icebreaking vessels including eight nuclear-powered heavy icebreakers, with ten more planned by 2035. Canada has zero nuclear icebreakers. ∙Total cost for Canada’s two replacement polar icebreakers: C$4.4 billion. Estimated delivery: 2030 and 2032. If you believe those dates, I have a Northwest Passage to sell you. ∙One of the two replacements is being built in Finland, at a shipyard that was Russian-owned until Davie acquired it in 2023. Canada’s answer to Russian Arctic dominance is literally being constructed in a former Russian yard. ∙Mark Carney just announced C$35 billion in Arctic funding. But the purpose of a system is what it does. And what Canada’s system does is produce announcements and press releases, not ships. True polar class ships in service capable of breaking thick Arctic ice? πΊπΈ One heavy (Polar Star, commissioned 1976) Two medium (Healy, commissioned 1999/2000, and Storis, a converted commercial vessel commissioned August 2025). π¨π¦ Canada has zero polar-class icebreakers. So no, @MarkJCarney , you may (or may not) have the second most ice strengthened vessels… but true icebreakers capable of real polar security service? USA’s pathetic fleet is #2 in the world."
John Carter on X - ""But the purpose of a system is what it does. And what Canada’s system does is produce announcements and press releases, not ships." Not quite. That's just the PR, which is only one component. What Canada's system does is to funnel project money into various government agencies and NGOs, which produce impact assessments, environmental studies, feasibility studies, indigenous consultation studies, and so on. It's UBI for public sector employees, with the press releases serving to camouflage the grift with the appearance of actual things getting built at some unspecified future date."
