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ARTICLE · 05 MAY 2026

Ground Breaking: Canada Launches Its First National Sovereign Wealth Fund

McMillan LLP
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Canada has launched its first national sovereign wealth fund, the Canada Strong Fund, with $25 billion in federal capital to co-invest alongside private and institutional investors in infrastructure, energy...

CanadaFinance and Banking
Catherine Doyle
Catherine Doyle
Sharon G.K. Singh
Sharon G.K. Singh
Timothy Baron
Timothy Baron
Laura Giesbrecht
Laura Giesbrecht
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On April 27, 2026, Prime Minister Mark Carney announced the launch of Canada’s first national sovereign wealth fund, the Canada Strong Fund (the “Fund”), as a key component of the federal government’s Build Canada Strong agenda. The Fund is a new investment vehicle designed to attract private and institutional capital alongside federal investment in infrastructure, energy, critical minerals and advanced manufacturing.

Framed as a central pillar of a broader “nation-building” agenda, the Fund represents the potential to be more than a new financing vehicle. It signals structural shift in how Canada intends to originate, finance and participate in major projects. For proponents, infrastructure sponsors, lenders, institutional investors, contractors and Indigenous partners alike, the Fund stands to reshape capital formation, project structuring and the role of government in the market.

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