Fund will be used to finance construction of major projects of national interest

  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlBanned from community
    1·
    1 month ago

    I think the bigger question is what this fund ends up being used for, and how it will be decided which projects it invests in.

    • wraekscadu@vargar.org
      1·
      1 month ago

      Here’s my guess from my comprehension of the write-up:

      • Crown corp with an independent board of directors (like the CPP).
      • Mandate to invest only in Canadian projects.

      So my guess is that the funds would most likely be used to fund highly capital intensive projects from the ground up (instead of just buying Shopify stocks for example). This would almost always be infra projects. Depends on how much risk the board would be willing to take for assessed potential reward.

      Tbh I’m not really that worried about the competency of the board. The CPP and QPP have been incredibly successful till now ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯.

        • wraekscadu@vargar.org
          1·
          1 month ago

          Yeah, I hope they create structures to reuse the CPP’s analysis and even staff for that matter.

          My guess though is that it would be slightly the other way round, where the Canada strong fund creates investment products that the CPP could purchase. But yeah, I hope CPP’s talent is used here. It’s clearly working, and quite competent!