Carney’s $1-trillion foreign investment wager

Ottawa is betting on attracting investment at scale. The question is whether that strengthens public control—or deepens dependence on capital.

Prime Minister Mark Carney’s plan to attract $1-trillion in foreign investments and create a sovereign fund represents a wager that the economy can be secured by brokering capital, writes Bhagwant Sandhu. The Hill Times photograph by Andrew Meade

Opinion

BY BHAGWANT SANDHU

April 30, 2026

OTTAWA—Prime Minister Mark Carney’s plan to attract $1-trillion in foreign investments and create a

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