This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Positioning · 23 wordsit will come as no surprise that I do not share the views and pessimism coming from the Conservative leader in the House.Positioning Greeting · 27 wordsI appreciate the opportunity to speak today about the sovereign wealth fund that our Prime Minister and Minister of Finance announced just before the spring economic update.Greeting Claims · 48 wordsThere is no doubt that Canada’s economy is at a very important moment, a hinge moment.Unearned certainty Around the world, countries are competing for investment, talent and opportunity. Supply chains are shifting dramatically, global energy systems are evolving quickly, and technological change is accelerating, especially with the AI revolution. Reasoning · 26 wordsIn this environment, economic strength does not happen by accident. It is built deliberately through smart policy, strong partnerships and a clear focus on long-term growth. Positioning · 24 wordsOur government has been focused on what we can control. There are many things we cannot control, but there are many that we can.Positioning Claims · 56 wordsBuilding a strong, sustainable and inclusive economy is within our control, an economy that is backed by an ambitious plan to help enable $1 trillion in total investment across Canada over the next five years.1 That plan is well under way. We saw in the spring economic update quite a large number of signs of progress. Reasoning · 20 wordsAs we build a stronger Canada, we must ensure that all Canadians can benefit, now and for generations to come. Claims · 163 wordsThe spring economic update 2026 builds on the momentum of budget 2025 with strategic investments that support productivity, innovation, growth and competitiveness, and that position Canada for long-term prosperity. This means delivering generational infrastructure and nation-building projects, like the 21 projects listed, with $125 billion in new investment and over 60,000 jobs.2 It also means diversifying Canada’s trade. We have seen 20 new trade and security agreements signed and a 38% increase in non-U.S. trade over the short term, 3or a time frame of just about eight months.4 We are also supporting workers and young people. In the spring economic update, we see an initiative to recruit, train and hire 80,000 to 100,000 more skilled trade workers.5 On building more homes, we are accelerating $7 billion in low-cost financing for rental apartment construction.6 It also means protecting the safety and security of Canadians. We see the creation of the financial crimes agency, 7and security for places of worship, in the spring economic update. Positioning · 5 wordsThese are very important initiatives.Positioning Claims · 80 wordsWe are also investing in strong communities. We see sports, from playground to podium. We see small craft harbours, mostly in Atlantic Canada but recognizing that they are all across our coastal communities and very important to building strong communities.Partly on point The government is making these key investments while maintaining Canada’s strong fiscal stewardship, which has positioned Canada, according to the International Monetary Fund, to have the second-fastest projected growth in the G7 and the strongest fiscal position in the G7.8 Procedure · 4 wordsLet me repeat that.Procedure Claims · 15 wordsWe have the strongest fiscal position in the G7, according to the International Monetary Fund. Positioning · 34 wordsThat is good news. I know Conservatives do not like to hear that, but it is good news for Canada and certainly a sign that we are building prosperity from a position of strength.Positioning Claims · 23 wordsOne of the measures announced in the spring economic update was the creation of the Canada Strong fund, Canada’s first sovereign wealth fund.9 Reasoning · 65 wordsSovereign wealth funds are not just financial tools but nation-building investments in the future of a country. They represent a country’s belief in its own future. They take today’s revenues, often generated from hard-won economic strength, and invest them with purpose, discipline and a long-term view. Instead of spending everything in the moment, sovereign wealth funds build enduring assets that can support generations to come. Promise · 242 wordsThis is the intention of the Canada Strong fund. It will do exactly that. It will help more Canadians be able to participate in the generational wealth building that we are achieving together. Through an initial federal contribution of $25 billion, the fund will strategically invest, alongside the private sector and based on commercial terms, in Canadian projects and companies driving our economic transformation.10 This includes projects in clean and conventional energy, critical minerals, agriculture and the infrastructure that we need in this country. The returns will be reinvested to grow the Canada Strong fund, so it will be compound growth, strengthening its capacity over time. As that fund grows, it will direct capital toward investments with the highest potential return for Canada and Canadians. To ensure that Canadians have the option to invest in the growth of our nation and share in the returns, the government will launch a retail investment product, 11which will be principal-protected. This will give Canadians a direct stake in our nation’s long-term prosperity and help build long-term national wealth. The Canada Strong fund will operate at arm’s length from government. We will create a new Crown corporation, 12and its work will be guided by a CEO and a qualified, independent board of directors. This model will ensure that both in the near term and in the long term the fund remains focused on its mission: supporting the transformation of the economy and creating wealth for Canadians. Claims · 55 wordsCanadian companies and investors are coming forward to build Canada’s future, and investors from around the world are choosing to invest in that future. We have seen many examples of this, with foreign direct investment in Canada reaching an almost 20‑year high, $97 billion of inflows.13 This is significant progress over the last 20 years. Positioning · 8 wordsWe see this as being a high point.Positioning Claims · 28 wordsWe have heard from RBC, our largest bank, 14and from our largest pension plan, the Canada pension plan, that Canada is garnering the attention of many global investors.15 Positioning · 12 wordsThis is really strong evidence or signs that our plan is working.Positioning Promise · 54 wordsTransformational projects and companies that will help build and create a stronger, more independent and more resilient economy for Canada will stand to benefit from the sovereign wealth fund. The Canada Strong fund takes one step further, making sure that all Canadians are the beneficiaries of the financial returns that these projects will generate. Claims · 43 wordsNot only are we making it easier for those projects to get off the ground through the Major Projects Office, but we are also ensuring that our indigenous partners are able to participate through the loan guarantee program that our government has capitalized. Promise · 28 wordsWe also want to make sure that all Canadians can participate in the proceeds that will come from the strong returns from many of these large infrastructure projects. Reasoning · 16 wordsThis is how we ensure that Canadians have a direct stake in our nation’s long-term prosperity. Positioning · 15 wordsIt is one of the many things our government is doing to build Canada strong.Positioning Claims · 30 wordsIn addition to the Canada Strong fund, our government is securing a more prosperous, competitive and sovereign future through initiatives like the buy Canadian policy and the Major Projects Office. Procedure · 10 wordsI want to take a moment and talk about solidarity.Procedure Claims · 109 wordsThe Prime Minister, in his famous speech at Davos, talked about solidarity.16 I think that, now more than ever, Canadians want to be a part of the Canada Strong plan. They want to be a part of building the strongest, most prosperous country in the G7. They are inspired by that vision. I think they see the potential.Partly on point The sovereign wealth fund, the first ever in Canada, 17which I have long thought would be a good idea, enables Canadians to show their solidarity by putting in small amounts they are able to invest in Canada’s future and then benefiting from the proceeds and the prosperity we are building together. Positioning · 9 wordsThat, to me, is a great sign of solidarity.Positioning Claims · 38 wordsCanadians can help build this country in many different ways. They can become skilled tradespersons, Partly on pointbut they are also able to invest in major infrastructure projects and very large projects. This is a way they can come alongside. Promise · 84 wordsThe sovereign wealth fund will come alongside institutional investors from both around the world and here in Canada to ensure that Canadians benefit in many ways from these projects. Not only are we going to get a boost in productivity from these major infrastructure projects, as many of them support us getting more goods to foreign markets so we can help diversify the economy, but they are also going to have significant returns. We want to make sure that Canadians can participate in that. Claims · 23 wordsThe spring economic update outlined a clear plan to build a strong and resilient Canada, built by Canadians with Canadian materials for Canadians.Partly on point Procedure · 6 wordsUltimately, the goal is very straightforward.Procedure Reasoning · 57 wordsIt is about ensuring that Canada can compete globally, attract the investment we need and create opportunity here at home for all Canadians. It is about building an economy that is resilient in the face of global change and the many challenges and headwinds we face, inclusive in its outcomes and strong enough to support future generations. Promise · 16 wordsWe want to make sure the Canada we are building will create generational wealth for Canadians.Vague promise Reasoning · 21 wordsIt is about making thoughtful choices today that set Canada up not just to grow, but to lead for the future.Partly on point Claims · 33 wordsThe Canada Strong fund is a great example of how we will do this, turning today’s resources into tomorrow’s opportunities and investing for long-term prosperity, resilience and a shared sense of national success. Positioning · 77 wordsIt is that sense of solidarity all Canadians have, that sense of pride in our country, that sense of the strength we have in all of us, that grit we have as Canadians: that we want to build a better future, that we want to do it together, that we are a part of the same mission and vision as a country, and that we all should participate and benefit from the prosperity we are building together.PositioningPartly on point Procedure · 6 wordsI am happy to take questions.Procedure
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