Chowda7
Active Member
Details of Carney's sovereign wealth fund revealed
Policy follows other oil-producing nations, aimed at financing major projects
www.wealthprofessional.ca
|
|
|
- Thread starter Oddball
- Start date
www.wealthprofessional.ca
trtcttc
Senior Member
A lot of conflicting info on this one. It'll be arms length but also invest in Canadian national projects. Looking at other arms length funds like CPPIB, AIMCo, OTPP, etc. there's no guarantee they'll invest in Canada and if we're forcing them to then it's basically the same as a government loan.Details of Carney's sovereign wealth fund revealed
Policy follows other oil-producing nations, aimed at financing major projects
trtcttc
Senior Member
Shell to buy Calgary-based ARC Resources for $22B, deal 'establishes Canada as a heartland' for supermajor
The friendly acquisition will give international giant Shell a larger foothold in Western Canada
calgaryherald.com
Chowda7
Active Member
Looks more like a vehicle to get institutional and retail investors to help fund infrastructure projects. Probably similar to a bond etf. Not a bad way to fund projects without raising taxes in my opinion besides the initial $25 billion in seed funding
Plus I can see various other funds like the Canada Growth Fund get folded in to reduce admin costs and to help seed the fund
Last edited:
darwink
Senior Member
Wowza. After seeming de-emphasis of Canada for Shell.Shell to buy Calgary-based ARC Resources for $22B, deal 'establishes Canada as a heartland' for supermajor
The friendly acquisition will give international giant Shell a larger foothold in Western Canada
Chowda7
Active Member
LNG Canada Phase 2 is probably a go
darwink
Senior Member
It is really close. I hear the bond rating agencies want more certainty on BC's DRIPA problem before saying yes, which will then cascade to all the other 'yes'.
I forget if it was ARC at Cedar or Woodfibre, who recently sold 20 years of off take.
trtcttc
Senior Member
That's not really a sovereign wealth fund in the traditional sense. The whole point of sovereign wealth funds is to invest elsewhere and diversify risk, like the Norway fund they keep referencing. This is essentially government funding packaged in a "financial-like" instrument. It's probably smart on Carney's part to do this, put it in financial jargon so the government can buy stakes in these major infrastructure projects while saying it's "privately funded". Because it's increasingly obvious companies aren't going to take the regulatory risk to build these projects.
Allowing Canadians to buy a stake is going to be interesting, I don't think any SWF issue public shares, which has two main problems. Public shares is going to show how uncompetitive Canadian projects are in the global scale, and how do we prevent foreign nations from buying major stakes in our domestic projects to get around the Investment Canada Act?
I thought Shell was more or less leaving Canada?Shell to buy Calgary-based ARC Resources for $22B, deal 'establishes Canada as a heartland' for supermajor
The friendly acquisition will give international giant Shell a larger foothold in Western Canada
darwink
Senior Member
Buying debt is very different from buying the equity.
That was then, this is now! What a different a little war in the Middle East makes.
Chowda7
Active Member
The Canada Investment Summit in September makes a lot more sense now. They'll probably try to have it set up by then
Chowda7
Active Member
Canada, Alberta close in on carbon price agreement, sources say
By Amanda Stephenson CALGARY, April 27 (Reuters) - Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province's industrial emitters,
ca.finance.yahoo.com