[Canada to Establish Its First Sovereign Wealth Fund with an Initial Size of CAD 25 Billion] According to a report by Jinse Finance, on April 28, Canadian Prime Minister Carney stated to reporters on Monday that Canada will establish a sovereign wealth fund with an initial size of CAD 25 billion (USD 18.38 billion) to invest in major domestic projects. This fund will be Canada's first sovereign wealth fund, and the announcement coincides with the day before the release of Canada's fiscal report. 'A sovereign wealth fund is essentially a nation's savings and investment account, aimed at accumulating wealth for future generations,' Carney said. Carney noted that the Canada Strong Fund will collaborate with the private sector to invest in major projects across the country using a commercial model, and will expand its scale through asset turnover and reinvestment.