Canada Launches C$25B Sovereign Wealth Fund

The Government of Canada has unveiled plans for a C$25 billion sovereign wealth vehicle aimed at accelerating domestic investment across key industries, marking a significant push to channel capital into nation-building projects.

The newly proposed Canada Strong Fund will be seeded over three years and will invest alongside private sector partners in areas including energy, critical minerals, agriculture and infrastructure. The fund is designed to support long-term economic transformation while enhancing national resilience and competitiveness.

“Canada’s new government is catalyzing 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,” said Mark Carney. “Through the Canada Strong Fund, all Canadians will have the opportunity to share directly in these benefits.”

The fund is expected to grow over time through both investment returns and the potential allocation of additional government assets. Officials are also exploring broader capital sources, including unlocking value from federal holdings.

“Canada’s next chapter of growth starts with investing at home,” said François-Philippe Champagne. “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.”

To support the rollout, the government will establish a dedicated transition office to finalize governance, mandate and structure. Plans also include a retail investment vehicle, allowing individual Canadians to participate directly in the country’s long-term growth strategy.