Canada's New $25B Fund: Diversifying from US

0:00On April 28, Canada's Prime Minister Mark Carney just dropped news on a new government investment fund kicking off at 25 billion Canadian dollars, roughly 18 billion US dollars. It's aimed at pumping cash into big projects in energy, infrastructure, mining, agriculture and tech to boost the economy. The plan mixes federal money with private investors to back these industrial moves. It's all about helping Canada spread its wings and cut heavy dependence on the United States amid rising tensions. Trump's tariff threats and wild talk of Canada as the 51st state have folks of North rethinking old ties. Carney, the ex-central banker for both Canada and the UK, says America's changes force Canada to step up and respond smart. He's taking cues from global sovereign wealth funds over 90 of them worldwide, managing more than $8 trillion in assets. He started small at home and scaled up huge over decades.

1:00This lands a day before the spring economic update, showing Canada is gearing up for real diversification and long-term strength no matter what comes. Next from Down South, that wraps global news today, brought to you with AI. I'm Corey with The Story.