Karen Karniol-Tambour to Lead Canada’s New Sovereign Wealth Fund

The appointment advances Carney’s effort to get construction of so-called national projects underway and help promising domestic startups expand.

Unveiled earlier this year, the Canada Strong Fund will begin with a capital commitment of 25 billion Canadian dollars, equivalent to US$17.7 billion. The government’s annual budget plan last week said individual Canadians could participate in the fund’s returns by purchasing government-issued notes.