OECD urges Canada to create sovereign-wealth funds

The Paris-based Organization for Economic Co-operation and Development is urging Canada's federal government and Alberta's provincial leaders to invest energy profits for long-term wealth. The OECD, an economic club of the world's 30 richest countries, said Norway is the model for pooling energy revenues and investing the money abroad. Alberta's politicians prefer to spend oil wealth now and cut taxes.

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