在宣布创建主权财富基金的计划近六个月后，联邦政府仍不确定何时启动，也不确定其具体运作方式。
Nearly six months after announcing plans to create a sovereign wealth fund, the federal government is still not sure when it will be launched, or how exactly it will work.
4月，总理马克·卡尼表示，加拿大将启动首个国家主权财富基金，三年内提供250亿加元的种子资金，名为“加拿大强劲基金”。
In April, Prime Minister Mark Carney said Canada will launch its first-ever national sovereign wealth fund, with seed funding of $25 billion over three years, to be called the Canada Strong Fund.
卡尼说，该基金将借鉴挪威等国际范例，但仅在国内投资，与政府保持“臂长距离”，并专注于为能源、基础设施、农业和技术等领域的加拿大重大项目提供资金。
Carney said the fund will draw on international examples, such as Norway, but will invest only domestically, be arm's-length from the government and focus on funding major Canadian projects in fields such as energy, infrastructure, agriculture and technology.
该基金将与私人投资者合作，预计还将包含一项面向普通加拿大人的“零售投资产品”，让他们能够参与投资。该产品如何运作的细节尚未公布。
The fund would work in conjunction with private investors and is expected to include a "retail investment product" for ordinary Canadians to buy into the fund. The details of how that would work have not been announced.
该计划在4月的春季经济更新中概述，但自那时起，政府尚未说明何时推出，也未宣布谁将负责运营负责管理该基金的“臂长距离”机构。
The plan was outlined in the spring economic update in April, but since then, the government hasn't said when it will roll out, nor has it announced who will be running the arm's-length agency responsible for administering the fund.
宣布时，一些专家批评该提案，指出联邦政府已有多个项目可为私营部门项目提供融资和降低风险。
At the time it was announced, some experts criticized the proposal, noting there are already a number of federal programs available to finance and de-risk private sector projects.
预算监督机构称卡尼政府在支出标签上前后不一 卡尼政府将研究新重大项目法案，启用哈珀时代以来未用的工具 类似的联邦项目已存在，如加拿大基础设施银行、加拿大原住民贷款担保公司，以及150亿加元的“臂长距离”加拿大增长基金。
Carney government is inconsistent in how it labels spending, budget watchdog says Carney government to study new major projects bill with tool last used in Harper era Similar federal programs such as the Canada Infrastructure Bank, the Canada Indigenous Loan Guarantee Corporation and the $15-billion arm's-length Canada Growth Fund already exist.
“我不清楚具体为什么需要为此设立一个专门基金，”卡尔顿大学经济学副教授达娜·加利齐亚说。“这并不意味着这是个坏主意。只是在缺乏细节的情况下，我并不真正清楚这里的价值何在。”该基金还因由债务融资而面临批评，保守党成员的批评尤为突出。其他拥有类似基金的司法管辖区，包括阿尔伯塔省和挪威，投入的是石油天然气收入。这类基金通常被用作花费盈余资金的一种方式。
"I don't know why specifically there's a need to set up a special fund for this," said Dana Galizia, associate economics professor at Carleton University. "That doesn't mean it's a bad idea. It just means that, without the details, I'm not really clear on what the value is here." It also faced criticism, notably from members of the Conservative Party, for being funded by debt. Other jurisdictions with similar funds, including Alberta and Norway, invest revenues from oil and gas. They are often used as a way to spend surplus money.
“一般来说，主权财富基金源于政府积累的盈余，”保守党财政事务评论员迈克尔·钟周二表示。“加拿大政府目前并没有盈余。”他补充说，该基金“是政府作出的许多宣布的一个例子，这些宣布要么未能提供充分的财务信息，要么未能付诸执行。”财政部长弗朗索瓦-菲利普·香槟的发言人约翰·弗拉戈斯表示，即将到来的秋季预算案将就主权财富基金提供“重大”更新。
"Generally, sovereign wealth funds are generated from surpluses accumulated by the government," Conservative finance critic Michael Chong said on Tuesday. "The government of Canada is not currently in a surplus." He added that the fund is "an example of many announcements the government has made that they either have either failed to provide sufficient financial information about or have failed to execute upon." John Fragos, spokesperson for Finance Minister François-Philippe Champagne, said the upcoming fall budget will include a "significant" update on the sovereign wealth fund.
“在适当的时候，我们将明确谁将担任首席执行官，董事会成员将是谁。重申一下，因为这是一个新颖的项目，我们可以借鉴世界各地和加拿大国内的最佳实践，也能看到哪些行不通，”弗拉戈斯说。
"In due course, we'll have outlined who the CEO will be, who the board will be. Reiterating that because this is a novel project, we can draw on best practices around the world and here in Canada and we can see what has not worked," said Fragos.
工作仍在继续 除了需要创建一家皇室公司并任命人员外，弗拉戈斯表示，联邦政府已对所有联邦投资计划进行授权审查，以确保它们不重叠。审查正在进行中。
More work remains In addition to needing to create a Crown corporation and appoint people to it, Fragos said the federal government has undertaken a mandate review of all of the federal investment programs to ensure they're not overlapping. The review is ongoing.
他说，为加拿大人购买基金份额开发“零售”组件也需要时间，因为这是一个其他国家没有现成模板可循的概念。
He said developing the "retail" component for Canadians to buy into the fund is also taking time, because it's a concept without an existing template from other countries.
基金的另一个潜在组成部分包括出售联邦资产，例如向私人投资开放机场，并利用这笔资金进行投资。但——再次强调——具体的操作细节尚未公开。
Another potential element of the fund includes selling federal assets, such as opening up airports to private investment, and using that money to invest. But — again — the details of what exactly that looks like have not been made public.
加拿大将设立主权财富基金。它们是什么？这一基金可能如何运作？新任议会预算官称经济更新缺乏关于目标和成果的细节。
加拿大C.D.豪研究所政策参与总监科林·巴斯比表示：“我认为这个基金提供了一个非常有趣的机会，你可以将这些出售所得的部分收益用于建立基金。”
New PBO says economic update lacks details on targets, results Canada is getting a sovereign wealth fund. What are they and how might this one work? "I think there's a really interesting opportunity here with this fund, where you could take some of the proceeds from those sales and then you could use it to build the fund," said Colin Busby, director of policy engagement with the C.D. Howe Institute.
他还表示，即使基金按“独立运作”原则运行，也需要考虑向哪些项目和公司投资。
He also said, even if it's operated at an arm's length, the fund will need to consider what projects and companies get investments.
巴斯比说：“通过在全国截然不同的地区挑选赢家，这给政府这样做制造了一点障碍，也带来了一点政治挑战。”
"By picking and choosing winners in very distinct parts of the country, it creates a bit of a hurdle and a bit of a political challenge for the government in doing so," Busby said.