From Global News.

Canadian Prime Minister Mark Carney announced the nation’s first-ever sovereign wealth fund — with an initial endowment of $25 billion — at a press conference on Monday.

And though he wasn’t at question period to defend his decision from the critical Conservatives, Opposition leader Pierre Poilievre had a lot to say about the investment fund.

“You need to actually have wealth for a sovereign wealth fund,” Poilievre said in the House of Commons. “What this Liberal Prime Minister is proposing to do is use the [national] credit card in order to take $25 billion and put it into a Liberal slush fund. This after the Liberal government doubled the debt and gave us the worst inflation in 40 years,” he added.

Carney’s announcement came one day ahead of the federal government’s spring economic statement — something Poilievre, too, suggested Carney would use “the nation’s credit card again” for.

“It’s all inflationary spending. Will they stop putting it on the national credit card and get rid of it instead?” Poilievre asked.

For more info, please go to https://globalnews.ca/news/11818479/canada-sovereign-wealth-fund/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en
#GlobalNews #MarkCarney #PierrePoilievre #Cdnpoli