Minister of Finance and National Revenue François-Philippe Champagne speaks to members of the media about the spring economic update during a news conference in Ottawa on April 28, 2026. The Canadian Press/Spencer Colby
Canada’s new sovereign wealth fund is expected to cost $750 million a year in debt interest charges, according to figures from the department of finance.
Prime Minister Mark Carney announced Canada’s first sovereign wealth fund, the Canada Strong Fund, on April 27. The federal government will contribute $25 billion over three years to the fund and accept investment from the private sector and individual Canadians.
