... In Abu Dhabi recently, Carney met with UAE business executives, including the leadership of sovereign wealth funds, focusing on critical minerals, energy, ports, and AI. Canada welcomed the UAE's decision to invest $70 billion (CAD, ~US$50B) in Canada.
A sovereign wealth fund uses government surplus reserves to invest in financial assets like stocks and bonds but is independently managed. Textbook examples are Norway's Government Pension Fund Global (now $2T+) and the Gulf states.
...
Victoria Stuart 🇨🇦 🏳️⚧️
npub1gu…jy3zv
2026-04-29 01:37:35 UTC
in reply to nevent1q…3xaj
Author Public Key
npub1gutn45zt5tx7zumjq2v8jtkwfvds58vvknf3qm0hplf8vzu4zyxqpjy3zvSeen on
wss://relay.momostr.pinkPublished at
2026-04-29 01:37:35 UTCEvent JSON
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