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Nov 9, 2026 5:43 PM - Connect Newsroom - Ramandeep Kaur with files from The Canadian Press

Mark Carney Appoints Karen Karniol-Tambour as CEO of Canada’s New Sovereign Wealth Fund

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Canada appoints Karen Karniol-Tambour as CEO of its $25-billion sovereign wealth fund. (Photo: The Canadian Press)

Prime Minister Mark Carney has announced the appointment of the CEO of Canada’s first-ever sovereign wealth fund, named the Canada Strong Fund.

Karen Karniol-Tambour, currently co-chief investment officer at U.S.-based asset management firm Bridgewater Associates, will take on the role. A Canadian citizen, Karniol-Tambour joined Bridgewater in 2006 and is now leaving the firm after nearly two decades to return to public service in Canada.

The Canada Strong Fund will launch with an initial capital of $25 billion and aims to invest in major infrastructure projects across the country.

One of the fund’s key features will be the opportunity for ordinary Canadians to invest directly and benefit from its growth, starting in early 2027. Canada Strong Notes will be made available to the public through financial institutions.

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