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The Canada Strong Fund — Invest Like the Government

  Published on MoneySavings.ca | Personal Finance | May 2026 Imagine being able to put your savings into the same fund the federal government is betting $25 billion on. For the first time in Canadian history, that's exactly what Ottawa is offering you — a front-row seat (and a direct stake) in the country's biggest nation-building push in generations. On April 28, 2026, Prime Minister Mark Carney announced Canada's first national sovereign wealth fund — the Canada Strong Fund. It's a bold, headline-grabbing idea: let everyday Canadians invest directly alongside the government in the ports, pipelines, mines, and infrastructure projects shaping our economic future. But before you start redirecting your TFSA contributions, let's break down exactly what this fund is, what it promises, what it costs — and whether it might belong in your financial plan. What Is the Canada Strong Fund? A sovereign wealth fund is a state-owned investment vehicle. Countries like Norw...
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What’s Happening Across Ontario

Heavy rainfall mixed with melting snow could cause flooding this weekend, warns Environment Canada.


Summary

Environment Canada is calling for significant rainfall across many regions of Ontario, with totals generally in the 15–40 mm range depending on location. Several areas also face flood risks due to melting snow and frozen ground that can’t absorb water. 

Rainfall Amounts

  • 15–40 mm expected from Friday evening to Saturday evening in regions including:

    • Newmarket–Georgina–Northern York Region
    • Barrie–Orillia–Midland
    • Owen Sound–Blue Mountains
    • Perth County
    • Sault Ste. Marie, Elliot Lake, Temiskaming Shores, Manitoulin

  • Similar totals (15–40 mm) forecast for:

    • Greater Sudbury
    • North Bay–West Nipissing
    • Huntsville–Baysville
    • Kitchener–Waterloo

Flood Risk Factors

Environment Canada and the Insurance Bureau of Canada warn that:

  • Heavy rain + melting snow + frozen ground = high flood potential, especially in low‑lying areas and basements.
  • Southwestern and south‑central Ontario are particularly vulnerable.

Active Alerts

  • Rainfall warnings (yellow level) in multiple regions.
  • Flood advisories around Waterloo Region and Guelph.
  • General weather advisories across parts of Ontario.

What This Means for You (Ajax, Ontario)

While Ajax isn’t specifically named in the rainfall warnings above, the GTA is adjacent to several affected zones, and similar weather systems often spill over.

  • Expect periods of rain, possibly heavy at times.
  • Localized pooling is possible, especially where snow remains or drains are blocked.

Quick Safety Checklist

  • Clear storm drains and gutters.
  • Move valuables off basement floors.
  • Keep sump pumps powered and tested.
  • Avoid driving through pooled water.
  • Monitor Environment Canada alerts for your exact location.


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