Dear Mr. Carney

Dear Mr. Carney:

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Dear Mr. Carney,

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I hope this note finds you well.

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Thank you.

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Thank you for all that you’re doing for Canada.

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Canadians appreciate it.

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Even the ones who really don’t understand what’s happening.

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You are presenting a new story to the world.

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A stable, committed, friendly partner.

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One who can do business.

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One who wants to collaborate.

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One who wants to build a better future for all Canadians and people around the world.

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We want to be a superpower.

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We can.

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Especially with you at the helm.

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I know you care.

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I know you’re a deal maker.

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I know your global experiences have shaped you.

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Especially the ones leading international organizations like the Bank of England and the Bank of Canada.

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You’ve sat at the table with powerful people whose choices and actions affect billions.

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You have the experience.

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You have the knowledge.

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You have the track record.

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And you’ve emerged right at the perfect time in history.

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My name is Dr. Anish Kaushal.

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I’m a Canadian, like you, who’s been lucky enough to live and travel all over the world.

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I got into medicine at 16, became a doctor in Scotland, left it and moved into the venture capital world, where I was for 7 years in Europe and Canada before taking a sabbatical to become an Ironman on behalf of my cousin who passed away from cancer at 31.

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Since leaving medicine in 2018, I’ve read and taken notes on over 350 books, written 1250+ journal articles, 2 books and written in a journal every day (currently past day 2700).

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I’ve been interested in geopolitics and history for many years, and have been thinking a lot about how Canada fits into the current world order.

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We are going through a crisis.

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One that is much bigger than anyone anticipates.

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Sadly looks like the next World War 3.

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America and Israel on one side.

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Iran on the other.

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Everyone else in the middle.

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Figuring out what to do.

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How to position.

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How to protect themselves.

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You have a chance now.

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An opportunity.

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Someone who will be talked about for generations to come.

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You can lead the world into a new world order by building.

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Building Canada.

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Building the future.

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Building our country into one of the biggest ones in the world.

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Be the leader the world needs when everything is crumbling.

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Society is breaking all around us.

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Houses are too expensive.

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The cost of living is going up.

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AI is creating a white-collar job wasteland.

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Young people can’t afford their future.

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Countries are being bombed everywhere.

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Commodities are about to go into a supercycle similar to the 1970s.

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We are going into a brutal decade.

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A really tough one for the world.

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You probably are familiar with these concepts, but if you’re not, I would highly recommend checking them out.

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The Fourth Turning by William Strauss and Neil Howe.

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The Changing World Order by Ray Dalio.

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Side note: the other book YOU MUST READ on building a great nation is ‘From Third World to First: The Singapore Story, 1965-2000’ on how Lee Kwan Yu built Singapore into a juggernaut.

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I wouldn’t be surprised if you’ve already read the second one and spoken with Mr. Dalio yourself.

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It’s the most important book of this decade, especially for world leaders like you.

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Ray has laid out how empires rise and fall for the last 500 years.

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We’re in the middle of one now.

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The end of a long-term debt cycle.

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Growing inequality.

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Countries at war.

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A declining empire in the West.

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A rising empire in the East.

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Rising prices.

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Inflation.

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If you read his book, it’s clear where we’re going.

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Unfortunately, more chaos and turmoil.

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At least for the foreseeable future.

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You know this.

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You can’t say this out loud, but you do.

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The world is fracturing.

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The West is breaking.

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As you said in Davos, we are heading into a new world order.

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Everyone agrees with you.

European leaders and Marco Rubio said it right after you at the Munich Security Conference.

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The world is shifting.

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And this is where Canada’s opportunity lies.

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To sit right in the middle of it and do business with everyone.

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Let’s think like Switzerland.

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And Singapore.

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They have built themselves in meccas of power.

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Places where people want to travel.

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And do business.

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Societies who are stable.

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Friendly.

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Open to trade.

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Only they don’t have our natural resources, our geography and our people.

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Why can’t we be one of them, or better?

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I know you’re doing this already.

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Look at your track record.

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Deals in China.

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India.

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Ecuador.

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Indonesia.

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Expanding the EU trade partnerships.

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Japan.

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Korea.

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Singapore.

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Australia.

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Lots of countries want to do business with us.

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I see it every day at the Toronto Business Development Centre.

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European and global companies want to come to Canada.

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They never thought about Canada before.

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But given what’s been happening in the world, especially since the start of Trump’s second term, they are now seriously considering us.

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America is declining.

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But that is also Canada’s opportunity.

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We have an opportunity to build an incredible country for all Canadians, but also the rest of the world.

To emerge from this coming crisis as a world leader.

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A global superpower.

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Someone who attracts and retains the best talent in the world.

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Someone who invests in its energy, infrastructure, AI, quantum computing, healthcare and all the other innovation industries.

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We already have some of the best people in the world.

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But they’re not directed in the right way.

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They are missing the vision.

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The capacity.

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The funding.

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And the ambition to become a world-leading superpower.

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We need to become world leaders in all of these industries.

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And we can.

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Here’s my idea how.

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We have some of the largest pension funds in the world.

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Here’s a link from Perplexity on our largest pension funds and how they invest.

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Based on their 2024 reports, they have a collective $2.4 trillion dollars CAD.

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Our Maple 8 is as follows.

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CPPIB has $781B.

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CDPQ has ~$470B.

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PSP has ~$299B.

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BCI has ~$290B.

OTPP has ~$266B.

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OMERS has ~$145B.

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HOOPP has ~$120B.

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Haven’t even talked about the other pension funds like Invest Ontario, AIMCo, FTQ, and more across the country.

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About 30-35% of that is invested in Canada.

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What if it was 40%?

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Or 45%?

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That is hundreds of billions of dollars more back into the country.

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Either they can invest it themselves.

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Or the better idea - you create a national sovereign wealth fund.

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A brand new entity.

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One that has buy-in from all the pension funds.

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A multi-hundred-billion-dollar fund invested in only Canada.

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What do they do?

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Big projects.

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A national pipeline.

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Modernizing our grid.

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Nuclear projects in every province.

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New infrastructure capacity in the North, just like you’ve announced today.

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LNG terminals on both sides of the country.

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National high-speed rail.

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Big wind farms.

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Then downstream of all of this - new data centres for AI and quantum.

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We NEED a national pipeline.

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We both know that.

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I saw a story this week that New Brunswick had to ship LNG from Australia.

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They couldn’t ship it across the country, so they bought it from someone around the world.

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Why can’t they buy it from Canada?

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Because we don’t have the infrastructure.

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The last administrations weren’t able to secure the funding and political will to do that.

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I believe you can now.

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Especially with what’s going on in the Middle East.

The rest of the world needs MORE energy, not less.

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Especially our partners in Asia and Europe.

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Why can’t Canada become an energy superpower?

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We can only do that by working together as a country.

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By having all our provinces bought in.

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A national transatlantic pipeline would unite the country.

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Just like the railroad did.

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Just like the highway did.

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It is a huge project.

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One that would take hundreds of billions.

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But you know how you can leverage that?

Bring in other people from around the world.

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The best in the world at building pipelines.

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Open contract.

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Canadian companies are forced to compete with global ones.

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Make it competitive.

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Why not recruit some of the best in the world here?

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The best part of capitalism.

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If it’s a Canadian company that has the best idea, they should win.

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If it’s an international one, then they should win.

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Only the mandate is that if an international company wins the project, its half owned by the national sovereign wealth fund.

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Half owned by the other company or country.

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Each puts in half.

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Each splits it halfway.

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All the money earned on it goes to both parties.

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Look at the Gulf right now, for example.

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It’s sadly on fire.

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More and more of the globally competitive companies are declaring Force Majeure.

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But you have some of the best oil and pipeline engineers in the world there.

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We also have them here.

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Why are we not getting them to work on a national pipeline?

OTPP CEO Jo Taylor even acknowledged that they want to do more in Canada but they have a shortage of large projects.

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Why not give them the large projects?

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Another one that’s super important - nuclear in every province.

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Ontario is leading the charge.

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But why isn’t this all over the country?

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More renewable energy.

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Solar panels everywhere, especially in Saskatchewan, which gets some of the most sun in the country.

Windfarms are another good example.

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Look at Wind West.

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A $40-$60B mega project that would create enough power for Eastern Canada.

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But even more so to sell to our neighbours down south.

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It’ll give the country enough baseload capacity to sell energy everywhere, but also power the future.

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Especially AI datacentres.

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What if these could all be built and powered with renewable energy?

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We are going into an AI and quantum age.

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The only thing holding the world back from this is scaling energy.

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As the former CEO of Google, Eric Schmidt said, the Americans NEED to be best friends with Canada.

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Because we have all the energy.

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Why aren’t we working with the largest companies in the world, who are spending hundreds of billions of dollars on AI data centre capacity build-out?

There are estimates that four US hyperscalers - Microsoft, Amazon, Alphabet/Google and Meta are spending $650B dollars of Capex JUST IN 2026, largely on new data centres and AI hardware buildouts.

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Why isn’t this happening in Canada?

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Why aren’t we leveraging their capital and our geography to build renewable energy sources that can power the future of the world?

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Why aren’t we working with these large companies to build this?

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Why aren’t all our pension funds in the country signed up to fund this?

Why are they not set up to fund the pipelines?

Politics.

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There are lots of people in the way.

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Lots of pushback.

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You know this.

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But you also know that the upside is much higher than the risk.

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If we can create one of the leading energy countries in the world with a modern grid that is connected across our great nation, we will become a superpower.

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We can sell energy to Asia.

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We can sell it to our friends down South.

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We can sell it to Europe.

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We can power the future of AI and quantum.

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If the Saudis and GCC countries also want to come in and build, it’s a win-win for everyone.

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Given the recent events in the Middle East, the GCC countries are re-evaluating their trade relationships, especially with the US.

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Why can’t Canada pitch itself as the new place to invest trillions of dollars of capital?

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Canadians win.

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Canadian companies win.

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International companies win.

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International countries win.

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We recruit the best and brightest from all over the world.

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We set up a modern immigration system for them to thrive.

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Ones where we recruit the best people from around the world to build these projects and expedite getting them and their families here.

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If you put an open call to the world to build modern infrastructure with hundreds of billions in support, plus additional hundreds billions from our partners like the gulf countries, Asia, Europe and the large tech companies down south - what would you get?

You’d get the best people in the world working on the best ideas, trying to compete.

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Let’s use high-speed rail, for example.

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We have great Canadian railway companies.

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But they’re slow.

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And they may not be using modern technology.

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You know who is and who’s been building more high-speed rail than everywhere else combined?

China.

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You probably know this already, but China has added several thousand kilometres of high-speed rail in the last few years and now operates 3/4ths of all high-speed tracks on Earth (source).

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What if we got the best companies from there to build here?

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Again, structure it as a joint venture.

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50/50 ownership.

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We fund half.

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They fund half.

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We keep half the profits.

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They keep half the profits.

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They recruit half the workforce.

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We mandate that Canadians make up the other half.

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If we don’t have enough high-skilled workers, then let’s get them here.

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But here’s the kicker.

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If you build the infrastructure project and incentivize local Canadians to come join this project ala a decrease in taxes, free education at universities and a house (even in a remote area), young people would sign up.

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They would get on board.

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Because they’re building a future they can see.

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They can understand.

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They can be a part of.

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This is one of the biggest struggles facing young people in not just Canada, but around the world.

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A future they can believe in.

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A future they can build.

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Young people need to be part of this.

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So here’s an idea.

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Get the pension funds to chip in 5–10% percent of their total holdings into a Canadian sovereign wealth fund.

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Work with the Norwegians to set this up.

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They’re the best at it.

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Let’s say it’s a few hundred billion.

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A new team.

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The best and the brightest in each sector.

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An energy team.

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A pipeline team.

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An infrastructure team.

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An AI team.

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A quantum team.

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A mining team.

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A healthcare team.

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All of the money needs to be invested in Canada.

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Pick the top guys from each of those industries.

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And tell them to recruit the best young person they know in those industries.

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Let’s say the fund is $300 billion. 

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You pick 10 key industries.

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Let’s say split equally for the sake of this argument. 

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30 billion to each sector.

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Each sector must now invest locally.

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But we also put out open calls to the world.

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The best and brightest globally.

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The mandate is that they have to build in Canada.

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They have to be here.

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They have to invest in our country.

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They have to recruit from our country.

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And if they’re not already here, help the best people get here through a modern immigration system.

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Put out contracts on the biggest items.

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Pitch it to the world.

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Get the best ideas.

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Then work to mandate that these ideas get funded.

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We work with the provinces.

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Work with the businesses.

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Work with the indigenous.

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Work with our citizens to benefit everyone.

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We need a new vision.

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We need a new playbook.

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We need a new future.

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I know you’re building it.

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You’re actively out there doing it.

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And thank you for that.

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But we also need to modernize.

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We also need to incentivize.

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We also need to open up Canada and get the best people in the world to come and build here.

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The world order is changing, as you mentioned.

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Why not step up and be the light in a sea of darkness?

Canada has a once-in-a-lifetime opportunity to become one of the greatest countries in the world.

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We have the best people here.

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We have the raw materials. 

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We have a great geography.

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But we need a great leader.

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We need to unite as one.

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We have an opportunity to do that through our pension funds.

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Through creating a national sovereign wealth fund focused on Canada.

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Make the fund invest in Canadian-only projects by partnering with the biggest companies in the world.

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Half owned by Canada.

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Half owned by the other country.

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It creates jobs.

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It creates massive projects.

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It creates opportunities for young people.

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It creates a future that Canadians and the world can get behind.

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The world is on fire.

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Commodities are about to spike.

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Inflation is about to come roaring back.

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This is how history works.

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We are at the end of the current world order.

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And we are going into a new one.

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Why can’t Canada lead the charge with you at the helm?

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You have a generational opportunity in front of you to turn Canada into a global superpower.

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Why not work with the best and brightest all over Canada and the rest of the world to help build that?

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As one fellow Canadian to another, let’s go eh!

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The world is about to go through a major crisis and it will need a smart capable leader to step up.

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Are you ready?

I think you are.

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Let’s go build Canada into a superpower.

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Sincerely,

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Dr. Anish Kaushal

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