Apparently, the best use of sovereign wealth is to spend it on a Middle Eastern football team, ensuring Canadian branding shines brightly. Seems a bit… indirect for a national prestige boost.

<p>OTTAWA — Prime Minister Mark Carney has announced that the first use of Canada’s new sovereign wealth fund will be to purchase a Saudi Arabian soccer team and festoon it with Canadian branding. “While much of the fund will be used to bribe corrupt American officials, it’s also important to improve Canada’s reputation abroad,” Prime [&#8230;]</p> <p>The post <a href="https://www.thebeaverton.com/2026/04/canada-uses-new-sovereign-wealth-fund-to-buy-saudi-arabian-soccer-team/" rel="nofollow">Can...