Liberals plan to grow sovereign wealth fund by recycling money from airports, other federal assets
Fiscal update says retail investors will also help support the Canada Strong Fund
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Open this photo in gallery:Finance Minister François-Philippe Champagne delivered the spring economic update on Tuesday. The Liberals' new sovereign wealth fund will take equity stakes in Canadian companies and projects.Sean Kilpatrick/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountOttawa plans to grow its new sovereign wealth fund through a combination of buy-in from retail investors and efforts to reallocate money that is tied up in airports and other federal assets. On Monday, the Prime Minister Mark Carney announced a new $25-billion sovereign wealth fund, which will focus on investing in companies and infrastructure projects that are part of the government’s major projects agenda.
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