More Debt. Less Building. Just the Liberal Way.

The Carney Liberals want to spend $25 billion on a so-called “Sovereign Wealth Fund” that will end up adding more cost for Canadians while benefiting Liberal insiders. Instead of building real wealth, this plan is another layer of spending that leaves taxpayers on the hook.

A true sovereign wealth fund depends on real national wealth. Countries like Norway and Saudi Arabia built their wealth by unlocking their resources and growing their economies. In Canada, Carney and the Liberals have done the opposite. Over the past 11 years, they have blocked major resource development, slowed growth, and run up large deficits, leaving Canada far less competitive and less prosperous.

The results are clear. Canada now carries nearly $1.3 trillion in debt, with a deficit of $65.3 billion – double the deficit Justin Trudeau left behind. Meanwhile, we have the highest household debt in the G7, the worst housing affordability, the lowest investment per worker, and the highest food price inflation. At the same time, we rank near the bottom in productivity and unemployment compared to other G7 countries.

Despite their horrendous track record of fiscal mismanagement, they want to put another $25 billion on the national credit card. This is just another Liberal slush fund that will enrich Liberal insiders at the expense of Canadians. The Liberals already created the Canada Infrastructure Bank, Growth Fund, and Defence Bank, yet Canada still has the worst investment record in the G7.
Conservatives believe investment should come from the private sector when projects make sense. The focus should be on restoring confidence and growth by unlocking Canada’s economy. That means repealing Bill C-69, ending the tanker ban, scrapping the industrial carbon tax, and getting major projects approved so Canada can build, attract investment, and grow again.

The key to a sovereign wealth fund is wealth, but over the last 11 years, Carney and the Liberals have made Canada anything but wealthy. It’s time for real change that ends the carve-outs, handouts and bailouts for Liberal insiders and repeals the Liberals’ red tape, bureaucracy and taxes to get projects built that will deliver sovereign wealth for Canadians.