Speaking at the 2026 Global Progress Action Summit, Prime Minister Mark Carney addressed the necessity for Canada to evolve its institutional frameworks. He argued that both new and existing institutions must be reimagined to better address the anxieties faced by citizens and governments in the modern era.

Strengthening Global Coalitions

Carney highlighted the strategic importance of forming new coalitions among middle-power nations. He suggested that these partnerships are vital for navigating current global challenges.

Navigating the Energy Transition

Regarding energy policy, Carney stressed the importance of accepting hard realities. He noted that while working toward cleaner and more affordable energy systems, Canada must be willing to utilize all available sources of energy.

New Sovereign Wealth Fund Announced

During his address, Carney also announced the launch of a new sovereign wealth fund by the Liberals. This fund is designed to finance various nation-building projects across the country.

The initiative aims to provide financial benefits to the public, allowing regular Canadians who invest to receive a share of the fund's profits.