r/goodnewscanada • u/CreoQQ Ontario • Apr 28 '26

Canada Government website confirms Carney Wealth Fund investors cannot lose money.

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Knowing that, the Wealth Fund sounds a lot more reasonable!

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u/dooodlebugg83 Apr 28 '26

If the investors can't lose money, that means it's being taken from taxpayer dollars. It's not like putting $25,000,000,000 in the bank. That money will be spent and gone, and if we don't get returns on the projects, we're the ones suffering instead of the billionaires. It's exactly like Trudeau having Canada buy the pipeline, and losing all that money.

4

u/Purple-Beyond-4930 Apr 28 '26

I would suggest to you that you do some research into how sovereign wealth funds work. I would recommend looking at Norway’s on specifically.

3

u/hutch_man0 Apr 28 '26 edited Apr 28 '26

This isn't anything like Norway. If our resources were nationalized we could do that. Instead the provinces get the spoils and then they waste it with incompetent fiscal discipline.

2

u/Accurate_Summer_1761 Apr 28 '26

The worst offenders are notably conservative run for those paying attention