Monday's top stories in 10 minutes
4/27/202610 min
Canadian Prime Minister Mark Carney details plans to create a sovereign wealth fund.
Suspected shooter at White House Correspondents' dinner, Cole Tomas Allen is set to make his first court appearance today.
Lebanon marks most deadly day since Israel and Hezbollah agreed to ceasefire.
A Winnipeg man says he is being indefinitely held at ICE detention facility in California.
Some businesses in Las Vegas offer at-par deals to convince Canadian tourists to return.
King Charles and Queen Camilla begin US state visit as relations between Washington and London are tense.
Transcript preview
First 90 secondsSpeaker 00:00
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Donald Trump· Soundbite0:28
[upbeat music] This is a CBC podcast.
Christine Birak· Host0:32
[upbeat music] This is World Report. Good morning. I'm Christine Birak. Prime Minister Mark Carney is announcing what he says is a new way to invest in major nation-building projects.
Speaker 30:47
A sovereign wealth fund is essentially a national savings and investment account. It's designed to grow wealth for future generations of Canadians.
Christine Birak· Host0:58
Carney says this new fund will be a crown corporation reporting to Parliament, part of his Building Canada Strong plan. The sovereign wealth fund will be used in partnership with the private sector to finance major projects. Carney says the initial endowment will be $25 billion, but will grow in part through a new mechanism.
Speaker 31:18
For those Canadians who want to participate in an even more direct way, we will make it easy for individual Canadians to invest in the fund and therefore own a small piece