Prime Minister Mark Carney announced the creation of the country’s first-ever sovereign wealth fund on Monday, called the Canada Strong Fund. Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that include energy,

What does it actually mean to be rich today? It sounds like a simple question. It is not. The number that once made someone feel wealthy, say, a cool million dollars, has quietly become something people shrug at.

A look at how the super-rich have gained outsized economic power and how wealth ought to be redistributed. Does it feel like you’re hearing more about billionaires than ever before? You’re not wrong—billionaires are on the rise. In 2025, there were ...

This is read by an automated voice. Please report any issues or inconsistencies here. When government grows to dominate ever-larger shares of the economy and when politicians refuse to be responsible about what they spend, there’s a predictable next move ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The Great Wealth Transfer is a multi-decade hand-down of trillions of dollars in assets, from the Baby Boomer ...

Prime Minister Mark Carney announced the Canada Strong Fund, which will focus on investments in the country’s infrastructure. The sovereign wealth fund seeks to make the Canadian economy less dependent on the Unites States.