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Re:Canada's first sovereign wealth fund by red-iron-pine on Monday April 27, 2026 @01:18PM (#47924442)
laudable goal. I suspect it will end up like most other Canadian procurement projects.

also why all the love for Canadian Pacific rail?

Re:Canada's first sovereign wealth fund by 1over137 on Monday April 27, 2026 @02:29PM (#47925369)
>also why all the love for Canadian Pacific rail?

The Canadian Pacific rail connected the country east to west, was a major milestone in the country's history: <https://en.wikipedia.org/wiki/History_of_the_Canadian_Pacifi...>

Re:Canada's first sovereign wealth fund by brailsafe on Monday April 27, 2026 @06:13PM (#47928090)
While that's true, it does seem to be a strange thing to glamorize now, since as much as it was an engineering accomplishment, it was also arguably a genocidal pursuit, and it's doubtful the sort of projects the government has in mind now will be as "nation building" as expropriating the entirety of Western Canada and letting a single private entity have as much power as CPR does.
Re:Canada's first sovereign wealth fund by red-iron-pine on Wednesday May 06, 2026 @04:39PM (#48041468)
yeah that ^ was kinda my point.

Amazing accomplishment, but now CP is CPKC and is just another giant megacorp that answers to the US FRA or Mexican rail authorities as much as it does the Canadian government.

Carney is a bankster and he's not going to be throwing stuff out there to help the common man first.

Re:Canada's first sovereign wealth fund by nish__ on Monday April 27, 2026 @01:20PM (#47924479)
Why is HN so pessimistic?
Re:Canada's first sovereign wealth fund by pie_flavor on Monday April 27, 2026 @01:43PM (#47924793)
The parent comment just says it'll perform similar to how past similarly-shaped things performed, without saying what that past performance is. If that implies pessimism, that's not HN's fault.
Re:Canada's first sovereign wealth fund by visceralasonia on Monday April 27, 2026 @02:42PM (#47925526)
I think they missed "laudable." My first read I thought it said laughable too—it's an easy misread that set a completely different tone for the rest of the comment.
Re:Canada's first sovereign wealth fund by nish__ on Monday April 27, 2026 @01:44PM (#47924809)
Give me a break.
Re:Canada's first sovereign wealth fund by kirubakaran on Monday April 27, 2026 @01:33PM (#47924636)
Is setting expectations based on track record considered pessimism?
Re:Canada's first sovereign wealth fund by nish__ on Monday April 27, 2026 @01:41PM (#47924766)
Incessant nit picking, negativity and doubt casting is my issue.

And Canada is unrecognizable these days. Why should I think past performance is indicative of future success?

Re:Canada's first sovereign wealth fund by jsbisviewtiful on Monday April 27, 2026 @03:01PM (#47925787)
> Incessant nit picking, negativity and doubt casting is my issue.

That has unfortunately been very common internet culture since 2020. It was there before the pandemic, but post-pandemic internet never recovered its full whimsy and veered headfirst into a depressive state. Probably says something about everyone's general mood.

Re:Canada's first sovereign wealth fund by dacox on Monday April 27, 2026 @02:30PM (#47925382)
As a Canadian I see little reason for optimism
Re:Canada's first sovereign wealth fund by slopinthebag on Monday April 27, 2026 @01:49PM (#47924869)
You're right, it is unrecognisable, and past performance is not indicative of future success. It will be much worse than past performance.

Sorry, not optimistic enough I suppose :(

Re:Canada's first sovereign wealth fund by visceralasonia on Monday April 27, 2026 @02:43PM (#47925540)
That says "laudable" not "laughable." They were actually complimenting the effort, even if some folks misread it
Re:Canada's first sovereign wealth fund by lbrito on Monday April 27, 2026 @02:54PM (#47925671)
It's the default for any non USA story.