Carney has a past with failed sovereign wealth funds – and the evidence isn’t pretty

Prime Minister Mark Carney’s so-called Canada Strong Fund was rightly met with public skepticism when the federal government first announced the initiative. The feds’ plan, according to Carney, is to borrow $25 billion to create a new sovereign wealth fund, modelled on Norway’s oil fund. But here’s the problem: Carney plans to establish this fund […]