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Yea really. Feels like a bit of a communications exercise and effort to create arms length distance from the Federal government and spending on major projects.
by Tiktaalik 5mo ago
Yea really. Feels like a bit of a communications exercise and effort to create arms length distance from the Federal government and spending on major projects.
Now it's not the Federal government and taxpayers propping up the oil industry by buying yet another oil pipeline, but rather a "sovereign wealth fund" (funded by Canadian taxpayers).
- slopinthebag 5mo agoYeah and like, if they want to use it for infrastructure, mining, and LNG development, isn't that at odds with retail investors who require more liquidity? Doesn't it require the fund to either hold massive cash reserves to manage redemptions or rely on government bailouts if retail sentiment sours before projects mature? To me it sounds less like a "sovereign wealth fund" and more like a domestic infrastructure bank wrapped in populist messaging. I expect plenty of boomers to invest to "stick it to Trump", elbows up!
- Tiktaalik 5mo agoAnd we already have an infrastructure bank! Trudeau started it. And Carney was the financial advisor to Trudeau, so it was probably his idea too! lol.
- slopinthebag 5mo agoWe do?!?!? Why don't we ever build any infrastructure with it lmao
- I-M-S 5mo agoProbably because of NIMBYs