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Carney has a past with failed sovereign wealth funds – and the evidence isn’t pretty
Summary by The Niagara Independent
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Carney has a past with failed sovereign wealth funds – and the evidence isn’t pretty
Prime Minister Mark Carney’s so-called Canada Strong Fund was rightly met with public skepticism when the federal government first announced the initiative. The feds’ plan, according to Carney, is to borrow $25 billion to create a new sovereign wealth fund, modelled on Norway’s oil fund. But here’s the problem: Carney plans to establish this fund on borrowed cash. Successful sovereign wealth funds are built on surplus cash, with governments in…
·Welland, Canada
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