“The Prime Minister is creating a new wealth fund that will add to our debt. It will create more bureaucracy and give public money to wealthy friends of the government. I want to know which friend he plans to put in charge of it.”

“Mr. Speaker, once again the Prime Minister is taking a page from President Trump’s playbook. It is not enough for him to sign fake executive orders or hype a memo and call it a trade deal. Now he is importing an American-style sovereign debt fund to enrich his friends. Norway and Kuwait use their national oil revenues to fuel a sovereign wealth fund. Unless the Liberals plan to steal resource revenues from the provinces, the only thing feeding this fund is more debt. Another Crown corporation just means more bureaucracy. This is the same failed approach we saw with the Infrastructure Bank and the Trudeau growth fund. They give corporate welfare to well-connected Liberals to build solar panels, while Canadians’ energy bills go up. Under the Brookfield government, corporations can claim an investment tax credit for spending a government grant. Which former colleague or friend will the Prime Minister appoint this time?”