Carney Is Shooting at the Wrong Target
Mark Carney’s Canada Strong Fund proposes a $25 bn sovereign‑wealth vehicle to co‑invest in growth‑critical assets, positioning it as a solution to strained public finances. The author argues that the real bottleneck is not a lack of capital but a fragmented, undervalued pool of existing public commercial assets that often exceed a nation’s GDP. By mapping and professionally managing these invisible assets, governments could unlock trillions of revenue and create a sustainable pipeline for private investment. The piece calls for a Temasek‑style public‑wealth fund rather than merely adding new capital to an under‑utilised balance sheet.
The Trump Slump
The Trump administration is scrambling for an exit from the two‑month‑old Iran war, hampered by Israel’s demand for seized uranium and Gulf states’ insistence on keeping the Strait of Hormuz open. Oil prices have surged above $125 a barrel, and...