 | This article needs additional citations for verification. (February 2017) |
 | |
Native name | Corporation de développement des investissements du Canada |
|---|---|
| Company type | Crown corporation |
| Industry | Investment management |
| Founded | 1982 |
| Headquarters | 302-1240 Bay Street, , 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]
Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page).
- ^ 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
- ^ a b Canada Development Investment Corporation. "About CDIC > Overview". Queen's Printer for Canada. Archived from the original on 2010-08-05. Retrieved 21 April 2010.
- ^ CDIC 2008, p. 13
- ^ CDIC 2008, p. 3