Why Mark Carney Wants Canada’s Own “Norway Fund”

About this episode

This episode discusses Canada's new sovereign wealth fund and its implications, comparing it to Norway's oil fund.

Canada is launching a new sovereign wealth fund, but what exactly is it, and why is Prime Minister Mark Carney betting big on it? In this episode of Classonomics, Mike Moffatt and Meredith Martin break down the proposed Canada Strong Fund, how sovereign wealth funds work, and why comparisons to Norway’s famous $2 trillion oil fund may not tell the full story. They explore whether debt-financed infrastructure investing can actually grow the economy, why critics are calling it a “sovereign debt...

People in this episode

Hosts: Mike Moffatt, Meredith Martin

Topics covered

• sovereign wealth fund
• Canada Strong Fund
• infrastructure investing
• economic growth
• debt financing
• Norway's oil fund

Keywords

• sovereign wealth fund
• Canada Strong Fund
• Mark Carney
• infrastructure investing
• economic growth
• Norway fund

Mentioned in this episode

Organizations: Canada Strong Fund, Norway

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