Carney launches discussions on a First Nations sovereign wealth fund
Published by BriefDash · · Toronto
Following talks in Ottawa, Prime Minister Mark Carney asked the finance minister to work with First Nations leaders on a possible sovereign wealth fund, the PMO said on October 26. The government also proposed broader First Nations Finance Authority lending powers and announced C$260 million over four years for Indigenous workforce readiness.
Why it matters
The wealth fund remains proposed; the announcements do not establish enacted legislation or money already paid.
Source dated · Prime Minister's Office (Canada) ↗
According to the Prime Minister’s Office, October 26, 2026.
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