Cybersecurity

Carney launches $18 billion Canada sovereign wealth fund

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Prime Minister Mark Carney launched Canada's first sovereign wealth fund with an initial investment of $18 billion, aiming to reduce economic reliance on the United States and bolster national projects in energy, minerals, and infrastructure. This move is crucial as Canada prepares for contentious trade negotiations with the U.S., reflecting a strategic shift towards greater economic independence amid deteriorating international relations.

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