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 wants Ottawa to borrow money to create a sovereign wealth fund. Actual wealth funds are built on resource surpluses — Norway's was funded by oil revenue, not bonds. This is debt repackaged as investment. Canada's federal deficit is already running hot in a high-rate environment, and proposing to lever up further for infrastructure bets isn't nation-building, it's the same fiscal sleight-of-hand that's turned Japan's balance sheet into a pension trap.