QUESTION PERIOD — Finance
Canada Strong Fund
June 4, 2026
Government leader, Canadians were already skeptical about the government’s so-called sovereign wealth fund. After all, even Bay Street experts questioned its feasibility given the massive deficits accumulated over 11 years of Liberal government.
According to a recent report from TVA Nouvelles, taxpayers could be on the hook for approximately $750 million annually in interest payments because the fund’s initial $25-billion capitalization will be financed through borrowing.
At a time when Canadians are struggling with the worst affordability crisis in a generation, with growing concerns about a slowing economy, why does the government believe it is acceptable to saddle taxpayers with hundreds of millions of dollars in new interest costs to finance yet another debt-funded Liberal experiment?
You have to go back to what is fundamental about the creation of the sovereign wealth fund. Ultimately, the fund is about two things that matter to Canadians. First, there will be a partnership between citizens and investors; this is the first time that will be possible. Second, there will be solidarity among Canadians so that every Canadian can profit from what we build together. These are the main issues of the fund, and I think that Canadians agree.
Senator Moreau, if this initiative fails to generate returns that exceed the government’s borrowing costs, Canadians will be left with nothing more than additional debt. In fact, the reality is that this government must borrow $25 billion to create a wealth fund and has already disproven the very premise on which sovereign wealth funds are built. One that leaves taxpayers carrying more debt and more risk at a time of growing economic uncertainty is completely irresponsible. Wouldn’t you agree with me?
Unfortunately, I don’t agree with you.
The government is launching the fund, which will invest in large, ambitious Canadian projects in energy, infrastructure, mining, agriculture and technology alongside private investors, and individual investors will earn a share of the return. Talk to people in infrastructure, mining, agriculture and technology and tell them it’s not a good idea.
