Economy and macroUpdated November 9

Canada names Karniol-Tambour to lead Canada Strong Fund.

Mark Carney’s planned sovereign wealth fund was introduced with few details. Bloomberg reported that the initial announcement raised questions about what the fund would do and who would manage it. Now Karen Karniol-Tambour has been appointed to lead the Canada Strong Fund, giving the plan a named leader. The Wall Street Journal calls the appointment the next step in Carney’s effort to get national projects moving and help promising Canadian startups expand. That’s a broad sweep for one plan: national projects on one end, startup growth on the other.

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Coverage started November 9