Carney launches a sovereign wealth fund

SchlongConery · Apr 28, 2026

JohnLarue said:
AI Overview

Yes, the Canadian federal government receives oil and gas royalties, though they are primarily collected from production on "frontier lands" (territorial sea, continental shelf, and northern territories). While provinces collect most royalties, federal royalties totaled approximately 295 million CAD in 2021.

$295 million in Federal oil royalties is a rounding error in the Federal budget. And is already spent. If it gets allocated on paper to a Sovereign wealth Fund, then $295 m has to be borrowed to cover the missing $295 m from the Federal budget.

I'm all for a Sovereign Wealth Fund. Let's fund it by enacting meaningful Federal royalties on all natural resource exports. Not borrow money on our kids futures.

SchlongConery · Apr 28, 2026

JohnLarue said:
A sovereign wealth fund make sense if the government runs continued surpluses
A sovereign wealth fund when the government runs continued deficits is LEVERAGE and risk taking with the public purse
Government has no business taking risk with taxpayers money

This will end very badly for the Canadian public

Agreed.

SchlongConery · Apr 28, 2026

Insidious Von said:
The CPP is worth $780 Billion in net assets. If Carney follows Paul Martin's formula the CSWF could be just as profitable.

The should give Larue plenty of time to fart in the tun again.

Yes, but the CPP is self-funded by a dedicated payroll tax over and above income and other taxes.

It is not investing money by taking cash advances against a Canadian Tire MasterCard and paying the minimum balance, hoping the investments will pay more than the cost of borrowing.

SchlongConery · Apr 28, 2026

Oblaster said:
Both can happen at the same time. Some affordability issues like housing and expensive air travel is due to chronic underfunding on infrastructure, an issue that our governments in the 90s and 2000s kicked down the road for future generations to deal with, due to budget issues at the time. Well, we are in the future. We are dealing with it. Something like a soverign wealth fund could help in garnering more private investments towards these projects. There is no easy way out unfortunately. It's just a lot of time, money, and sacrifices.

With due respect, you don't understand the National Air transportation Infrastructure.

The entire National Air transportation Infrastructure was SOLD by the Gov't to private "not for profit' corporations. NavCanada. Pearsoon and other Fed airports are effectively privatized to be operated by the GTAA. Each is self-funded through user fees.

But I agree that the Federal gov't really does not give two shits about aviation in Canada. They allowed Buttonville Airport to be closed and sold to Cadillac Fairview for big box stores and hotels. It's still vacant and CF cannot find a way to make the land profitable. The Feds could buy it back and build a proper airport there for relatively very little money. But average Canadian's 'politics of envy' sentiments would cause a major freak out.

SchlongConery · Apr 28, 2026

DesRicardo said:
It's not borrowing. It's investing.

Leader Pierre Poilievre labelled it a "sovereign debt fund", noting that the country's finances were in a deficit.

"Norway, Singapore and Saudi Arabia run big budget surpluses which they accumulate and put into their sovereign wealth funds," Poilievre said. "Carney has no surplus, and therefore no wealth to put in such a fund."

JohnLarue · Apr 28, 2026

SchlongConery said:
$295 million in Federal oil royalties is a rounding error in the Federal budget. And is already spent. If it gets allocated on paper to a Sovereign wealth Fund, then $295 m has to be borrowed to cover the missing $295 m from the Federal budget.

I'm all for a Sovereign Wealth Fund. Let's fund it by enacting meaningful Federal royalties on all natural resource exports. Not borrow money on our kids futures.

Trudeau already drove hundreds of Billions worth of investment from the natural resources with regulation
Carney is layering on an Industrial carbon tax
Now you want to extract meaningful Federal royalties on all natural resource exports.

why would anyone invest in Canada's natural resources sector when there are plenty of opportunities elsewhere ?

once again, the Liberal government runs deficits and only deficits
a Sovereign wealth Fund only makes sense if the government is running surpluses.
A sovereign Wealth Fund is a LEVERAGED Fund when the government runs deficits .
The government is highly irresponsible assuming LEVERGED risk with taxpayers money

Oblaster · Apr 28, 2026

SchlongConery said:
With due respect, you don't understand the National Air transportation Infrastructure.

The entire National Air transportation Infrastructure was SOLD by the Gov't to private "not for profit' corporations. NavCanada. Pearsoon and other Fed airports are effectively privatized to be operated by the GTAA. Each is self-funded through user fees.

But I agree that the Federal gov't really does not give two shits about aviation in Canada. They allowed Buttonville Airport to be closed and sold to Cadillac Fairview for big box stores and hotels. It's still vacant and CF cannot find a way to make the land profitable. The Feds could buy it back and build a proper airport there for relatively very little money. But average Canadian's 'politics of envy' sentiments would cause a major freak out.

You are not disagreeing with me. Why do you think there's so little investment into airports? They are not for profit corps that need private investments, but nobody is going to invest if there's no profit to be had.

It was a shitty system set up decades ago to save the government money. They should've went fully private or fully public. This in between just sucks.

JohnLarue · Apr 28, 2026

Insidious Von said:
The CPP is worth $780 Billion in net assets. If Carney follows Paul Martin's formula the CSWF could be just as profitable.

The should give Larue plenty of time to fart in the tun again.

The CPP s a segregated Fund , i.e. irresponsible politicians can not access the Funds
The CSWF will be lending money for Infrastructure projects the Federal government should have been funding for decades but has not

CPP extracts 5.95% of employee pensionable earnings + CPP extracts a similar match from the employer
Over 11% of pensionable earnings for all employed Canadians

Where do you expect the CSWF to extract its contributions from ?

you need to think prior to posting

SchlongConery · Apr 28, 2026

Oblaster said:
You are not disagreeing with me. Why do you think there's so little investment into airports? They are not for profit corps that need private investments, but nobody is going to invest if there's no profit to be had.

It was a shitty system set up decades ago to save the government money. They should've went fully private or fully public. This in between just sucks.

You are right.

DesRicardo · Apr 28, 2026

SchlongConery said:
Leader Pierre Poilievre labelled it a "sovereign debt fund", noting that the country's finances were in a deficit.

"Norway, Singapore and Saudi Arabia run big budget surpluses which they accumulate and put into their sovereign wealth funds," Poilievre said. "Carney has no surplus, and therefore no wealth to put in such a fund."

I’ll let them explain themselves first, but we are seeing why you shouldn’t let globalist bankers run your country.

It’s important to also remember Norway and Singapore populations are not even a quarter of Canada’s.

Butler1000 · Apr 28, 2026

JohnLarue said:
The CPP s a segregated Fund , i.e. irresponsible politicians can not access the Funds
The CSWF will be lending money for Infrastructure projects the Federal government should have been funding for decades but has not

CPP extracts 5.95% of employee pensionable earnings + CPP extracts a similar match from the employer
Over 11% of pensionable earnings for all employed Canadians

Where do you expect the CSWF to extract its contributions from ?

you need to think prior to posting

How about a surcharge on all energy exports? If the USA want to play hardball on trade adding add a couple of bucks on to the 4+ million barrels per day is fine by me. 5 bucks a barrel won't be a hardship. And 20 million is revenue times 365 is a nice start. Hell 10 is manageable. Then there is electricity. Ontario added a 10 buck surcharge per megawatts hour. The feds can as well. We export average 80,000 per day across the nation. Its a smaller amount but more it adds to the pot.

You can also look at various mining operations as well. What goes directly to export add a small surcharge. Thats how you build it. Once it starts up, have it managed properly, like CPP. It can grow and compounding, coupled with regular money coming on gets it there in a decade.

squeezer · Apr 28, 2026

SUPER Carney refuses to chase ‘small deal’ with Trump

roddermac · Apr 28, 2026

slambop said:
Damn that's pretty nice. Didn't Norway do something similar decades ago?

The also nationalized their oil so they can afford to.

JohnLarue · Apr 28, 2026

roddermac said:
The also nationalized their oil so they can afford to.

Canda tried to nationalize its oil
A govt funded enterprise could not manage to explore/ drill in the harsh winters of Alberta
Esso / Exxon manage to successfully strike oil at Leduc Alberta n 1947

Trudeau Sr. tried it again in the late 1970s - what eventually became Petro Canada.
A money pit that needed to be sold into the private sector to make it work

Frankfooter · Apr 29, 2026

Insidious Von said:
The CPP is worth $780 Billion in net assets. If Carney follows Paul Martin's formula the CSWF could be just as profitable.

The should give Larue plenty of time to fart in the tun again.

Obviously Canada should instead just invest in bitcoin like PeePee demands.

Frankfooter · Apr 29, 2026

JohnLarue said:
Canda tried to nationalize its oil
A govt funded enterprise could not manage to explore/ drill in the harsh winters of Alberta
Esso / Exxon manage to successfully strike oil at Leduc Alberta n 1947

Trudeau Sr. tried it again in the late 1970s - what eventually became Petro Canada.
A money pit that needed to be sold into the private sector to make it work

A money pit that funded Canada.
We could have been like Norway but right wingers like you demanded we give all the profits to international corporations in exchange for lower taxes in Alberta.

https://twitter.com/i/web/status/2049437674096763259

JohnLarue · Apr 29, 2026

Frankfooter said:
A money pit that funded Canada.

once again you post but do not think
A money pit is a liability
A money pit does not fund anything

We could have been like Norway

no we could not
what part of this did you not understand

Canada tried to nationalize its oil
A govt funded enterprise could not manage to explore/ drill in the harsh winters of Alberta
Esso / Exxon manage to successfully strike oil at Leduc Alberta n 1947

Petro Canada was Canada's second kick at the can for Nationalize oil.
It required privatization to become profitable

The oil business is risky
Governments who can not manage debt should not be assuming risks with tax payers money
Canadas government can not manage debt

but right wingers like you demanded we give all the profits to international corporations in exchange for lower taxes in Alberta.

??

Petro Canada was acquired by Suncor - A Canadian Company.

You blither but understand nothing

P0Pewlar · Apr 29, 2026

JohnLarue said:
Canda tried to nationalize its oil
A govt funded enterprise could not manage to explore/ drill in the harsh winters of Alberta
Esso / Exxon manage to successfully strike oil at Leduc Alberta n 1947

Trudeau Sr. tried it again in the late 1970s - what eventually became Petro Canada.
A money pit that needed to be sold into the private sector to make it work

posted it before, I'll post it again... Pierre Elliot Trudeau Ripped Off Canada

K Douglas · Apr 29, 2026

My new favorite YT channel

DesRicardo · Apr 29, 2026

Seems like the Liberal honeymoon period is over.

It doesn't seem to be much boot-licking going on about this.

Carney launches a sovereign wealth fund

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