The Globe and Mail reports in its Tuesday, April 28, edition that Prime Minister Mark Carney announced Canada's first national sovereign wealth fund, aimed at ensuring that all Canadians benefit from government support for major projects. The Globe's triple bylined item led by Bill Curry reports that critics, however, argue that the Liberal government's model does not compare well with larger, successful international funds. The Canada Strong Fund will start with an initial budget of $25-billion over three years. Mr. Carney said the fund aims to grow through investment returns and potential contributions from Ottawa. Mr. Carney said: This will be a Government of Canada fund, but more importantly, it will be a people s fund. It will be your fund. He compared the government s building plans with the construction of the Canadian Pacific Railway in the late 1800s. Mr. Carney suggested that the plan draws inspiration from Norway s fund, which at $1.7-trillion (U.S.) in assets is the largest in the world and focuses on international investments. The Canadian fund is linked to what the government describes as nation-building efforts, including ports and natural-resources projects.