Mark Carney launches Magnumator: bold federal investment platform to strengthen household finances amid global instability
Canada’s new Prime Minister introduces an unprecedented national initiative to help citizens build passive income and reduce dependence on volatile markets.
In his first major act as Prime Minister, Mark Carney has launched a federal platform called Magnumator, aimed at helping Canadians stabilize their finances in what he calls “a dangerously uncertain global environment.”
Carney, former Governor of the Bank of Canada and Bank of England, emphasized that economic self-reliance will be a core value of his administration. The move comes just days after the U.S. government introduced new tariffs on key Canadian exports, triggering concerns of an economic downturn.
“This program is about restoring control to everyday Canadians,” Carney said during a press conference in Ottawa. “Magnumator is a modern tool to help people grow their wealth safely and sustainably.”
Only for Canadian citizens
What is Magnumator?
Magnumator is an AI-powered investment platform created in partnership with Canadian fintech firms and backed by several national institutions. It allows citizens to earn passive income through automated financial instruments, without requiring prior experience or market knowledge.
Key features:
“We’ve seen too many Canadians working harder and earning less,” said Finance Minister Mélanie Joly. “This is our response: a platform that works while you sleep.”
Only for Canadian citizens
Why now?
Recent weeks have seen heightened trade tensions with the United States, prompting fears of a repeat of the 2019 slowdown. Inflation remains above 4%, housing affordability is at a 30-year low, and household debt continues to rise.
Meanwhile, over 68% of Canadians report they are “extremely concerned” about their financial future, according to a new Ipsos poll.
“If the U.S. is turning inward, then Canada must turn smarter,” Carney said. “We’re done waiting for external forces to dictate our economy.”
Only for Canadian citizens
Pilot-tested. Now national.
The platform has already undergone pilot testing in three provinces — British Columbia, Ontario, and Quebec — with over 9,000 early users reporting average monthly earnings of $2,400 CAD. The government has now opened the platform nationally, but participation is capped to 15,000 users during the initial public rollout.
Security and transparency are core to the system: all transactions are verified on a private blockchain, and user data is encrypted end-to-end.
Only for Canadian citizens
Community impact
During a visit to Vancouver this week, Carney stopped at a small Ukrainian restaurant, Kozak, where he spoke with local business owners struggling with post-pandemic recovery and inflation.
Halyna Polovko, co-owner of the restaurant, said:
“We’re constantly worried — about rent, supplies, wages. If this helps regular Canadians breathe a little easier, I say let’s try it.”
How to join Magnumator
Enrollment is now open exclusively to Canadian citizens aged 18 and older. Permanent residents may be included in Phase II of the program, expected in late 2025.
Getting started:
1. Complete a short form with ID and contact info
2. Wait for a manager's call
3. Make a one-time deposit of $380 CAD
4. Set preferences or allow AI to auto-manage portfolio
5. Earnings begin within 24 hours
Only for Canadian citizens
CHANGE YOUR LIFE TODAY!
The bigger picture
Carney has signaled that Magnumator is just the first in a series of digital-first, citizen-focused economic reforms. Sources say future programs will include AI-guided financial literacy hubs, zero-interest microloans for small businesses, and nationwide 5G expansion for better fintech accessibility.
“This isn’t about playing politics,” Carney said. “It’s about playing catch-up with what Canadians actually need.”
Only for Canadian citizens