Carney's $25B sovereign wealth fund: Why it's actually a debt-financed subsidy

Rudyard Griffiths and Sean Speer discuss Prime Minister Carney's proposed sovereign wealth fund for Canada. They argue that his proposed fund fundamentally differs from traditional sovereign wealth funds because it is debt-financed, not surplus-funded, and focuses on domestic rather than international investments. They explore whether this represents a subsidy program for economically unviable projects, question the fund's structure compared to existing government programs, and consider alternative approaches, such as requiring the Canada Pension Plan to invest domestically.Subscribe to The Hub's podcast feed to get all our best content:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Watch a video version on YouTube: https://www.youtube.com/@TheHubCanadaFollow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Amal Attar-Guzman - ProducerElia Gross - EditorRudyard Griffiths and Sean Speer - HostsAdrian Wyld/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.