Saskatchewan Sovereign Fund (proposed)

At a glance. Saskatchewan has no sovereign fund. A 2013 report by Peter MacKinnon proposed a Saskatchewan Futures Fund to save part of the province's resource revenue, with spending of that revenue capped and an arm's-length agency to invest. In April 2026 Premier Scott Moe said talks on a provincial fund had stopped during deficit years, and he welcomed the federal fund plan. S3 S1

Key points

• No provincial fund exists. S1
• The 2013 MacKinnon report proposed a permanent Futures Fund with 12 recommendations. S3
• It would cap government use of resource revenue at 2013 levels. S3
• An arm's-length agency would invest the savings. S3
• The province chose to pay down debt in surplus years. S4

Interesting facts

• The report drew on the Alberta, Alaska and Norway funds. S3
• Former Premier Brad Wall commissioned it in October 2012. S3
• The author was a former University of Saskatchewan president. S3

Mandate and goals

Proposed: permanently save part of non-renewable resource revenue and invest it for future generations. S3

• Turn one-time resource revenue into lasting wealth. S3
• Cap reliance on resource revenue in the budget. S3
• Spending rule: Proposed cap on government use of resource revenue at 2013 levels S3

How it invests

Published criteria

• Broad consensus on purpose and timing before creation. S3

Past investments

The fund has not published a list of investments.

Investment process

Proposed: an arm's-length agency would invest on behalf of Saskatchewan people. S3

1. Government decides whether and when to create a fund. S3
2. Legislation would set purpose and revenue cap. S3

How to approach: No fund and no contact route. S3

Size and returns

• Headline size: No assets (Announced target, not current assets, as of 2026-04-27) S1
• Returns: the fund does not publish a return figure.

Leadership

Governance and transparency

• Legal basis: None; the 2013 report is the only formal document S3
• Oversight: Government of Saskatchewan S1
• The 2013 report was accepted by the then Premier. S3

Transparency score: 0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

• Not published: total assets, annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, governance and mandate documents, named leadership, regular reporting schedule. S1 S3

History

Reports

• A Saskatchewan Futures Fund (MacKinnon report): https://www.saskatchewan.ca/government/news-and-media/2013/november/12/mackinnon-proposes-saskatchewan-futures-fund S3

Common questions

Does Saskatchewan have a sovereign fund?

No. A Futures Fund was proposed in 2013 but not created. S3 S1

What did the 2013 report propose?

A permanent resource-revenue savings fund run by an arm's-length agency. S3

What is the province's current view?

In 2026 the Premier said provincial talks had stopped and welcomed the federal fund idea. S1 S4

Related profiles

• Canada Strong Fund Canada · C$25B announced
• United States Sovereign Wealth Fund (proposed) United States · Not created
• Canada Pension Plan Investment Board Canada · C$863.6B
• Alaska Permanent Fund United States (Alaska) · USD 91.9B
• New Mexico State Investment Council (SIC) United States (New Mexico) · USD 74.63B
• Texas Permanent School Fund United States (Texas) · USD 60.6B

All sovereign wealth funds in North America · All proposed or pipeline funds · All funds in Canada

Sources

1. S1CBC News (Canadian Press), Moe on sovereign wealth fund
2. S2IFSWF, members list
3. S3Government of Saskatchewan, MacKinnon proposes Saskatchewan Futures Fund
4. S4paNOW, Premier approves of federal sovereign wealth fund