Discussion · Government Orders
Ryan Turnbull Liberal
“Canada should create a national wealth fund now. Other places like Alberta, Quebec, Norway, and Singapore show that these funds save money and help build wealth for everyday people.”
“Mr. Speaker, I know there is much we can learn from other entities around the world that are similar to the Canada sovereign wealth fund. We can draw lessons from Quebec’s generations fund and from Alberta’s heritage savings trust fund. We can draw learnings from Norway and Singapore. Many of these large income-generating national wealth funds have been built over decades. The idea for Canada to be setting one of these up now has the perfect timing, in my view. In fact, I would suggest that we should have done this probably 30 years ago, but it is really great that we are going to do this now to be able to have a nest egg that builds wealth in this country and distributes it to everyday Canadians.”
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Mr. Speaker, I know there is much we can learn from other entities around the world that are similar to the Canada sovereign wealth fund. We can draw lessons from Quebec’s generations fund and from Alberta’s heritage savings trust fund. We can draw learnings from Norway and Singapore. Many of these large income-generating national wealth funds have been built over decades. The idea for Canada to be setting one of these up now has the perfect timing, in my view. In fact, I would suggest that we should have done this probably 30 years ago, but it is really great that we are going to do this now to be able to have a nest egg that builds wealth in this country and distributes it to everyday Canadians.