Tag #Crown Corporation

What is the primary goal of the newly established Heritage Fund Opportunities Corp., and what are its immediate implications for Alberta's financial future?

Alberta Premier Danielle Smith established the Heritage Fund Opportunities Corp., a new Crown corporation, to manage the province's Heritage Fund, aiming to grow it to $250 billion by 2050. This new entity will independently manage new deposits, investing them differently than AIMCo, the current fund manager, with a focus on global opportunities and long-term returns.