Canada's New Sovereign Wealth Fund Aims to Reduce U.S. Economic Dependence
Canada has announced the creation of its first national sovereign wealth fund, named the Canada Strong Fund, with an initial federal endowment of $25 billion. Prime Minister Mark Carney introduced this initiative as a strategic move to bolster long-term economic growth and reduce Canada's reliance on the United States. The fund is designed to invest in major Canadian projects across sectors such as energy, infrastructure, critical minerals, agriculture, and technology. The initiative reflects a significant shift in Canada's economic policy, aiming to create a more resilient and independent national economy. 
