Tuesday, April 28, 2026
Prime Minister Mark Carney announced the Canada Strong Fund, a new sovereign wealth fund backed by an initial federal contribution of $25 billion to invest in strategic Canadian projects and companies, the government said in a news release.
The Fund will invest alongside the private sector in projects spanning clean and conventional energy, critical minerals, agriculture, and infrastructure. Returns will be reinvested to grow the Fund’s capacity over time, with capital directed toward investments offering the highest potential return for Canada and Canadians, the government said.
“Canada’s new government is catalyzing a series of nation-building projects in energy, trade, critical minerals, transport, data, and beyond – projects that will make Canada stronger, more resilient, and more independent. Through the Canada Strong Fund, all Canadians will have the opportunity to share directly in these benefits. This is our country, this is your future, and we are building it together,” said Carney.
The government will launch a retail investment product to allow individual Canadians to invest in the Fund and share in its financial returns. The federal government will consult over the coming months on the specific design of this new instrument, with additional details to be outlined in the Spring Economic Update 2026, to be tabled in the House of Commons on Tuesday, April 28, 2026.
For the construction and infrastructure sector, the Fund represents a significant capital source for major projects currently in development. Since September 2025, 15 projects have been referred and six transformative strategies are in development by the Major Projects Office across nuclear, liquefied natural gas, critical minerals—including nickel, graphite, and tungsten—and transportation infrastructure. Together, these projects represent over $126 billion in investments in the Canadian economy.
The Canada Strong Fund will operate as an arm’s length entity reporting through the Minister of Finance and National Revenue, François-Philippe Champagne. The government will establish a dedicated transition office to advance engagement with market participants and regulators, and finalize details of the Fund’s governance, investment mandate, and retail investment product.
“Canada’s next chapter of growth starts with investing at home,” Champagne said. “The Canada Strong Fund will invest in key, strategic Canadian projects and companies, creating good-paying jobs, supercharging innovation, and keeping Canada competitive in a rapidly changing world.”
The announcement was welcomed by Canadian construction organizations.
“Canada is an engineering global superpower, and Canada’s consulting engineering companies are
ready to help deliver the transformative infrastructure investments envisioned through the Canada Strong Fund,” said John Gamble, president and CEO of ACEC Canada. “Strategic, long-term investment vehicles like this can play a critical role in advancing projects of national importance while attracting private capital and supporting economic growth.”
“We are pleased to see Prime Minister Mark Carney and his government get serious about attracting investment to fund much-needed infrastructure projects across the country. We look forward to further details on the Fund’s creation in the Spring Economic Statement,” read a statement from the Canadian Construction Association (CCA).
Featured image: Prime Minister Mark Carney announces a $1.16 billion loan from the Canada Infrastructure Bank to the Montreal Port Authority (MPA) for a new container terminal in Contrecoeur, April , 2026. (Government of Canada)
