“The government wants to borrow $25 billion for an investment fund. It takes on all the financial risk for risky projects so private businesses can make a profit. Since the member across the way likes this plan so much, I want to know if he will sell his own assets and invest in it.”

“Mr. Speaker, the Liberal government’s infamous sovereign wealth fund proposes, among other things, to use the $25 billion in borrowed money to invest in projects that are too risky for the private sector, projects that the private sector did not want to invest in. The government is also proposing to allow individuals, like us and our constituents, to invest in this sovereign wealth fund while guaranteeing the security of their investments. We are told that these investments in the sovereign wealth fund will help attract more private investment. As a result, the fund will “derisk” these operations. The way we see it, the sovereign wealth fund will absorb the risk so the private sector can make a profit. Given his great enthusiasm for the sovereign wealth fund, does my colleague opposite intend to sell his personal assets and invest them in the sovereign wealth fund, as he would be able to do?”

“The Liberals' arguments about this fund make no sense. Norway did not borrow money to build its wealth fund, but this one will. This fund will not be independent either, because the Prime Minister will choose which projects get money. The Liberals are not telling the truth about what this fund really is.”

“Mr. Speaker, a number of things do not add up in the Liberals’ arguments. First, we are told that this fund is similar, and even comparable, to Norway’s sovereign wealth fund, when we know full well that Norway did not go into debt to finance its own fund. Second, we are told that this fund will be independent, when we know full well that it will fund only projects that come from the Major Projects Office and that the Prime Minister will decide which projects are referred to the Major Projects Office. Obviously, this fund will be politically influenced. Why are the Liberals trying to tell us they bought a cat, when it is actually a horse? Why do they think everyone will believe it is a cat when it is really a horse?”

• Vague
  ?

  Question or comment in debate

  Clarity 33 of 100

  Much of this statement used imprecise wording, lacked details on timing or responsibility, or made broad claims without support.

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“The Prime Minister was elected on a promise to end the trade war. He kept delaying his deadline, and the trade war is now worse. His only plan is to borrow $25 billion for a fund that is not independent. I want to know what this says about the government's long-term plan.”

“Mr. Speaker, I have a simple question for my colleague. The government and the Prime Minister were elected a year ago, almost to the day, on essentially a single promise: to end the trade war. In April 2025, the Prime Minister promised us that the matter would be settled by June. He then postponed it to July and then September. In the end, here we are a year later, and not only is the trade war still going on, but it has gotten worse with Mr. Trump’s recent executive orders. The only thing this government can come up with is to borrow $25 billion and create a fund that is neither sovereign nor independent. What does that say about the government’s long-term vision?”

“The government wants Canadians to put their money into a new wealth fund. But the Prime Minister will get to pick where that money is invested. I am asking my colleague if he would put his own money into projects picked by the Prime Minister.”

“Mr. Speaker, in yesterday’s economic update, the government announced that ordinary taxpayers will be able to contribute to this Canadian sovereign wealth fund that the Prime Minister wants to create. It so happens that his goal, as Prime Minister, is more or less to dictate what investments the sovereign wealth fund will cover. In fact, all of it will involve projects recommended by the Major Projects Office, and those projects will have been chosen by the Prime Minister’s Office. That means the Prime Minister is the one who will determine what investments will be made through the sovereign wealth fund. Does my colleague intend to invest his personal savings in the Prime Minister’s preferred picks?”