Canada announces investment fund for distance economy from U.S.

Hello — this is Bonjour. We are proud to announce a new pillar of our plan: the Canada Strong Fund, Canada’s first national sovereign wealth fund. Here’s how it works: A sovereign wealth fund is essentially a national savings and investment account. It is designed to increase wealth for future generations of Canadians. Many countries with abundant natural resources, such as Norway, have sovereign wealth funds. There has never been anything like it in Canada. The new Canada Strong Fund will give all Canadians a direct stake in making Canada stronger. And we do these projects because they provide greater benefits to our economy. For the first time in our history, every Canadian will have a direct stake in construction. We will start with an initial contribution of $25 billion. We will also be doing something new and important. For Canadians who want to participate in a more direct way, we will make it easy for individual Canadians to invest in a fund that will allow them to own small-scale nation-building projects and share in the profits.