AP
Summary
Canada is developing a government-owned investment fund, Prime Minister Mark Carney said Monday.
Carney said that the fund would invest in major Canadian industrial projects, in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 billion Canadian dollars ($18 billion).
The prime minister said that the federal government will provide funds alongside private investors. The money will help finance projects that Carney’s government is focused on building, as Canada seeks to diversify away from the United States.
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