“We don’t want to make predictions about what will happen, but the risks that there will be inflation is a risk that is definitely out there and we want to manage to that,” he says.
Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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