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Joe Oliver: Ottawa’s new Sovereign Dysfunctional Intrusion Fund

The Liberals' $25-billion 'sovereign wealth fund' proves Mark Carney thinks governments should allocate Canada's capital

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Prime Minister Mark Carney hailed his new $25-billion Canada Strong sovereign wealth fund, the “people’s fund” (which evokes both Karl and Groucho Marx), as a nation-building initiative. In reality, it is a costly boondoggle with problematic funding, objectives and governance that advance more government intrusion in the economy — which is clearly Carney’s favoured solution to every challenge, whether real, imagined or self-inflicted.

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