BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund – Funded With Government Debt – What Could Possibly Go Wrong? - EnergyNow
BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund – Funded With Government Debt – What Could Possibly Go Wrong? - EnergyNow
Source: EnergyNow
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DW NOTE
Carney ran the Bank of England while UK public debt doubled from £1 trillion to £2 trillion. Now he wants Ottawa to borrow more to seed a sovereign wealth fund — a financial structure designed for countries with budget surpluses, not deficits pushing $40 billion. Norway built its fund on oil revenue it didn't spend. Canada would build this one on debt it hasn't repaid.