The Canadian Taxpayers Federation says the Canada Strong Fund will run up the debt and put taxpayers’ money at risk.

Prime Minister Mark Carney announced the new Canada Strong Fund Monday and compared it to the sovereign wealth fund such as the one in Norway

But the CTF says Norway uses its sovereign wealth fund to save money and only spends the interest.

The Prime Minister says the federal government will invest $25 billion dollars alongside the private companies involved in proposed major projects and says that means the federal government, not just private investors, also reaps the rewards.

He says, “Over time the fund will growing through asset recycling and reinvestment creating even greater opportunities for future generations.”

Carney says the federal government will make it easy for individual Canadians to invest in the fund and own a small piece of nation building projects and share in their returns.