Neither Norway nor Singapore: Decoding Canada’s new sovereign wealth fund

OTTAWA — Prime Minister Mark Carney admitted the auto sector in Canada is facing headwinds, after a report by a Japanese outlet confirmed Honda will be pulling out of a $15-billion electric vehicle plant in Ontario. “Obviously there’s challenges with the U.S. tariffs, unjustified tariffs in the auto sector,” said Carney, before a caucus meeting on Wednesday. “We continue to work with companies in the sector, helping them reposition, reinvest, supporting workers there, we’ll continue to do what’s necessary, including getting the right deal that’s in Canada’s interest,” he added. On...