09.01.2013 - The case for sovereign wealth funds in Canada
Norway has a resource-based sovereign wealth fund. So do Timor Leste and Angola, but not Canada’s federal government. These funds are used by federal governments to sock away revenues from oil and gas, mining, and other commodities. The savings are then invested, with the potential to create massive wealth for future generations. Canada has two sub-national funds. The Alberta Heritage Savings Trust Fund was set up in 1976 and has now about $16 billion, while Quebec’s Generations Fund held $4.3 billion at the end of March, 2012...............................................Full Article: Source
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