Canada's new $25 billion sovereign wealth fund was announced today, and the panel's first question is the one nobody in Ottawa is rushing to answer: who gets to the front of the line?

The Investment Canada Needs and the History It Cannot Escape

Andrew Caddell points to the infrastructure bank and the business bank as cautionary tales: government investment vehicles that did not deliver. Lesley Kelly asks whether this fund will be transparent enough for Canadians to actually track where the money goes. The idea of investing public dollars to generate returns has merit. Canada's track record of keeping those decisions clean does not inspire confidence.

Diesel, Fertilizer, and the Cost of Things That Cannot Wait

Lesley Kelly is weeks away from planting. Diesel is climbing. Farm margins are gone. The sovereign fund is a long ball. The separation conversation is happening almost daily in the West. Andrew Caddell says Carney cannot be judged yet, but both panellists agree: the international work means nothing if the cost of living at home keeps squeezing the people doing the actual work.

Topics: Canada sovereign wealth fund, Mark Carney, diesel prices, cost of living, western separation

GUEST: Lesley Kelly | highheelsandcanolafields.com; Andrew Caddell

Originally aired on 2026-04-27