Canada sovereign wealth fund announced by Carney

Its a lie to call this a Sovereign Wealth Fund as it is funded by debt. It is essentially another bond to issuance; it's a debt based fund. they can't tax us any more without a revolt, they cannot raise interest rates higher, which would attract more bond buyers, without crashing the housing market and so they call a debt fueled bond issuance program a 'sovereign wealth fund'. Funding it with debt means future taxpayers are on the hook for interest if the investments underperform or if borrowing costs rise. If inflation gets any worse this could spiral into catastrophe.
 
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