Canada launches $18.3 billion sovereign fund

Canada

OTTAWA, April 29, 2026 – Canada will establish a national sovereign wealth fund to invest in strategic Canadian projects and companies, the Government of Canada announced on Monday.

The Canada Strong Fund will be seeded with an initial cash injection from the government of CAN 25 billion (USD 18.3 billion) over three years, and is expected to grow over time through additional contributions and the returns it generates.

Officials said the fund will co-invest alongside private and institutional investors in sectors including infrastructure, advanced manufacturing, energy and mining, with a mandate to deliver market-rate returns.

The fund will primarily take equity positions in projects and companies, operating on a fully commercial basis. It is expected to complement existing federal financing tools such as the Canada Infrastructure Bank, Export Development Canada and the Business Development Bank of Canada.

A newly created corporation will manage the fund at arm’s length from the government, led by a CEO and an independent board of directors. The structure is intended to align with international best practices for sovereign wealth funds, emphasising professional management, transparency and long-term performance.

“The Canada Strong Fund will focus on building Canada and ensuring Canadians have a stake in the country’s economic growth,” the government said in a statement.

The move comes as Ottawa seeks to attract rising global investor interest in Canada as a destination for large-scale projects, while ensuring domestic participation in the resulting economic gains.

Photo by Pina Messina

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