TORONTO (AP) — Three-time Cy Young Award winner Max Scherzer was put on the 15-day injured list by the Toronto Blue Jays on Monday because of right forearm tendinitis and left ankle inflammation.
A 41-year-old right-hander, Scherzer is 1-3 with a 9.64 ERA in five starts.
Toronto made the IL move retroactive to Saturday and recalled right-hander Chase Lee from Triple-A Buffalo.
Scherzer, who started Game 7 of last year's World Series, remained with the Blue Jays by agreeing to a $3 million, one-year contract that allows him to earn $10 million in performance bonuses for innings starting with 65.
He allowed seven runs and six hits, including three home runs, in 2 1/3 innings during an 8-6 loss to Cleveland on Friday. It was the third time this season Scherzer failed to complete three innings.
He left an April 6 start against the Los Angeles Dodgers because of forearm pain, then allowed eight runs and five hits in 2 1/3 innings in an April 12 defeat to Minnesota.
An eight-time All-Star, Scherzer went 5-5 with a 5.19 ERA in 17 starts and 85 innings for the Blue Jays last season. He made three starts in the postseason, beating Seattle 8-2 in Game 4 of the AL Championship Series and making two starts in the World Series against the Dodgers.
Scherzer won titles with Washington in 2019 and Texas in 2023. He ranks 11th on the strikeouts list with 3,499, 10 behind Hall of Famer Walter Johnson.
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Toronto Blue Jays starting pitcher Max Scherzer shouts as he walks off the field during the sixth inning of a baseball game against the Arizona Diamondbacks, Saturday, April 18, 2026, in Phoenix. (AP Photo/Ross D. Franklin)
Toronto Blue Jays starting pitcher Max Scherzer walks off the field after retiring the Arizona Diamondbacks during the sixth inning of a baseball game, Saturday, April 18, 2026, in Phoenix. (AP Photo/Ross D. Franklin)
Toronto Blue Jays pitcher Max Scherzer, center, is taken out in the third inning of a baseball game against the Cleveland Guardians by manager John Schneider, front left, in Toronto, Friday, April 24, 2026. (Jon Blacker/The Canadian Press via AP)
TORONTO (AP) — Canada is developing a government-owned investment fund, Prime Minister Mark Carney said Monday.
Carney said that the fund would invest in major Canadian industrial projects, in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 billion Canadian dollars ($18 billion).
The prime minister said that the federal government will provide funds alongside private investors. The money will help finance projects that Carney's government is focused on building, as Canada seeks to diversify away from the United States.
U.S. President Donald Trump has been threatening Canada’s economy and sovereignty with tariffs, most offensively by claiming Canada could become the 51st U.S. state.
“Many of our former strengths built on our close ties to the United States have become our weaknesses,” Carney said. “The U.S. has changed. That’s their right and we are responding. That is our imperative.”
Carney is a former two-time central banker in England and Canada, as well as ex-chair of Bloomberg's board of directors.
“We take a lesson from other jurisdictions that had the foresight many decades ago to start sovereign wealth funds,” Carney said, “In some cases, they began with a domestic focus, then outgrew the scale of the domestic focus.”
Sovereign wealth funds invest in assets such as stocks, bonds and real estate. They are typically funded by a country’s budgetary surplus, which Canada currently doesn't have. The announcement came a day before Carney's government is due to announce its spring economic update.
There are more than 90 sovereign wealth funds around the world that manage more than $8 trillion in assets, according to The International Forum of Sovereign Wealth Funds, a London-based organization made up of roughly 50 of these entities.
Trump ordered the creation of U.S. sovereign wealth fund last year. In the U.S., more than 20 sovereign wealth funds exist at the state level, according to an analysis by the Center for Global Development, a Washington-based nonpartisan think tank.
Canada Prime Minister Mark Carney speaks during an announcement on the Canada Strong Fund, Canada's first sovereign wealth fund, in Ottawa on Monday, April 27, 2026. (Justin Tang/The Canadian Press via AP)
Canada Prime Minister Mark Carney makes an announcement on the Canada Strong Fund, Canada's first sovereign wealth fund, at the Canada Science and Technology Museum in Ottawa on Monday, April 27, 2026. (Justin Tang/The Canadian Press via AP)
Canada Prime Minister Mark Carney speaks from a lectern beside a Canadian National Railways locomotive at the Canada Science and Technology Museum, during an announcement on the Canada Strong Fund, Canada's first sovereign wealth fund in Ottawa on Monday, April 27, 2026. (Justin Tang/The Canadian Press via AP)
Canada Prime Minister Mark Carney speaks during an announcement on the Canada Strong Fund, Canada's first sovereign wealth fund in Ottawa on Monday, April 27, 2026. (Justin Tang/The Canadian Press via AP)
Prime Minister Mark Carney responds to a question during an event in Ottawa on Thursday, April 23, 2026. (Adrian Wyld/The Canadian Press via AP)
