Canada Development Investment Corporation

Canadian Crown corporation; founded 1982

Not to be confused with Canada Development Corporation.

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Canada Development Investment Corporation

Native name

| Corporation de développement des investissements du Canada
Company type| Crown corporation
Industry| Investment management
Founded| 1982; 43 years ago (1982)
Headquarters| 302-1240 Bay Street,

Toronto, Ontario

Canada

Key people

| Stephen Swaffield (chair)
Owner| Government of Canada
Website| cdev.gc.ca

The Canada Development Investment Corporation (CDEV;[a] French: Corporation de développement des investissements du Canada) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Canada, including making purchases and sales of assets on behalf of the King-in-Council.[1] CDEV was incorporated under the Canada Business Corporations Act in 1982 and was initially intended to be a temporary entity, with legislation passed in 1998 directing the corporation's mandate to be focussed solely on orderly dissolution and divestment of its holdings. However, the Government of Canada announced in 2007 that CDEV would continue operations.[2]

Owned in full by the Crown and managed by a Toronto-based board of directors,[3] CDEV is accountable to the Parliament of Canada through the Minister of Finance.[2] Any changes in corporate structure or purchases of new assets must be directed by the King-in-Council.[4]

## Holdings

[edit]

As of 2021[update], CDEV's current holdings consist of four subsidiary companies: Canada Hibernia Holding Corporation (manages the Government of Canada's 8.5% interest in the Hibernia oil field), Canada Eldor Inc. (manages remaining obligations of Eldorado Resources), Canada TMP Finance Limited (holding company for purchase and financing of Trans Mountain pipeline; 100% owner of Trans Mountain Corporation which manages the pipeline), and Canada Enterprise Emergency Funding Corporation (administers the Large Employer Emergency Financing Facility, a federal COVID-19 financial aid program for large Canadian businesses).[2][5][6]

In 2009, the corporation also, through its subsidiary 7176384 Canada Inc.,[7] purchased 7.9% of General Motors.[8]

## See also

[edit]

* Crown corporations of Canada

## Notes

[edit]

1. ^ Until 2013, the corporation used the acronym CDIC

## References

[edit]

1. ^ Canada Development Investment Corporation (2008), Annual Report 2008 (PDF), Ottawa: Queen's Printer for Canada, p. 4, archived from the original (PDF) on 6 August 2010, retrieved 21 April 2010
2. ^ a b c Canada Development Investment Corporation. "About CDIC > Overview". Queen's Printer for Canada. Archived from the original on 2010-08-05. Retrieved 21 April 2010.
3. ^ CDIC 2008, p. 13
4. ^ CDIC 2008, p. 3
5. ^ "Canada Development Investment Corporation Annual Report 2019" (PDF). Canada Development Investment Corporation. Government of Canada. Retrieved 15 June 2020.
6. ^ "Canada Enterprise Emergency Funding Corporation". Canada Development Investment Corporation. Government of Canada. Archived from the original on 21 January 2021. Retrieved 27 January 2021.
7. ^ Elizabeth II (28 May 2009), Financial Administration Act, Ottawa: Queen's Printer for Canada, 2009-0813, retrieved 21 April 2010
8. ^ Elizabeth II (28 May 2009), Financial Administration Act, Ottawa: Queen's Printer for Canada, 2009-0815, retrieved 21 April 2010

## External links

[edit]

* Official website

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Crown corporations of Canada

* Atlantic Pilotage Authority
* Atomic Energy of Canada
* Bank of Canada
* Business Development Bank of Canada
* Canada Council
* Canada Deposit Insurance Corporation
* Canada Development Investment Corporation
* Canada Infrastructure Bank
* Canada Lands Company
* Canada Mortgage and Housing Corporation
* Canada Post
* Canadian Air Transport Security Authority
* Canadian Broadcasting Corporation
* Canadian Commercial Corporation
* Canadian Dairy Commission
* Canadian Race Relations Foundation
* CPP Investments
* Defence Construction Canada
* Destination Canada
* Export Development Canada
* Farm Credit Canada
* Federal Bridge Corporation
* Great Lakes Pilotage Authority
* Ingenium
* International Development Research Centre
* Laurentian Pilotage Authority
* Marine Atlantic
* National Capital Commission
* Pacific Pilotage Authority
* Public Sector Pension Investment Board
* Royal Canadian Mint
* Standards Council of Canada
* Telefilm Canada
* Via Rail
* Windsor–Detroit Bridge Authority

See also Template:Government Departments of Canada

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Economy of Canada

Currency: Canadian dollar

General
topics|

* Agreement on Internal Trade
* Banking in Canada
* Comparison of Canadian and American economies
* Economic impact of immigration
* Energy policy
* Free trade agreements
* Great Recession
* Interprovincial migration
* Land ownership
* National Round Table on the Environment and the Economy
* Oil reserves
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* Social programs

Industry|

* Agriculture
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* Tourism
* Transportation

Tax|

* Canadian import duties
* List of tariffs in Canada
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Labour|

* Canadian labour law
* Minimum wage in Canada
* Social Union Framework Agreement
* Trade unions

Federal
agencies|

* Atlantic Canada Opportunities Agency
* Bank of Canada
* Canada Deposit Insurance Corporation
* Canada Development Investment Corporation
* Canada Infrastructure Bank
* Canada Mortgage and Housing Corporation
* CPP Investments
* Department of Finance
* Economic Development Agency of Canada for the Regions of Quebec
* Federal Economic Development Initiative for Northern Ontario
* Financial Consumer Agency of Canada
* Financial Transactions and Reports Analysis Centre of Canada
* Office of the Superintendent of Financial Institutions
* PPP Canada
* Royal Canadian Mint
* Western Economic Diversification Canada

Federal
programs|

* Transfer payments
* Canada Savings Bond
* Carbon pricing
* Crow Rate
* Equalization payments
* Federal Contractors' Program
* Federal financing for small businesses
* LLQP
* National Child Benefit
* National Policy

Finance|

* Bay Street
* Montreal Exchange
* NASDAQ Canada
* Occupy Canada
* S&P/TSX 60
* Toronto Stock Exchange

Organisations|

* Canada Development Corporation
* Canadian Federation of Independent Business
* Credit Institute of Canada
* Canadian Payroll Association
* Canadian Labour Congress

Indices|

* Canadian Index of Consumer Confidence
* International rankings of Canada

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