Prime Minister Mark Carney announced Canada's first sovereign wealth fund with a $25 billion initial endowment, designed to provide financing for major infrastructure projects rather than traditional debt-based lending. The fund will allow Canadians to invest directly and receive returns linked to government-backed infrastructure projects, shifting from the debt-repayment model used by the Canada Infrastructure Bank. This represents a structural change in how Canada finances large-scale development—moving from borrowing and repayment to equity ownership that generates returns for investors.