Canada launches $25B sovereign wealth fund to drive economic growth

The fund, Canada’s first of its kind, will invest alongside private and international partners in key sectors including clean and conventional energy, critical minerals, agriculture and infrastructure.

The initiative is part of the government’s broader strategy to accelerate large-scale “nation-building” projects such as ports, mines, and trade and energy corridors, aimed at boosting productivity, securing supply chains and expanding access to global markets.

Officials said returns generated from the fund’s investments will be reinvested to grow its capital base over time, allowing it to support projects with the highest long-term economic value for Canadians.

The government also plans to introduce a retail investment product, enabling individuals to directly invest in the fund and benefit from its returns.

Details of the offering will be developed through consultations and are expected to be outlined in the Spring Economic Update 2026.

Finance Minister François-Philippe Champagne said the fund will help attract investment, support innovation and create jobs while ensuring Canadians share in the benefits of economic growth.

Photo: François-Philippe Champagne/X

The fund will operate as an arm’s-length entity reporting through the finance ministry, with further details on its governance, structure and investment mandate to be released in the coming months.

The announcement comes as the government seeks to mobilise large-scale capital into strategic sectors, with more than $126 billion in major projects already underway or in development across energy, critical minerals and transportation infrastructure.