Thank you very much for the question.
The government established the Canada growth fund following budget 2022, which announced its creation and its $15 billion in funding.
A number of details about the Canada growth fund were released in the 2022 Fall Economic Statement. In particular, a technical document outlined the investments that will be made and described how they will be made at arm's length from government.
In Bill C‑47, the government proposes that PSP Investments, the Public Sector Pension Investment Board, manage the fund. This existing Crown corporation has an experienced investment team that will be able to invest quickly. It will be accountable to Parliament through annual reports, as other Crown corporations are.