Financial Expertise & Innovative Solutions for the Government of Canada
Canada Development Investment Corporation (CDEV) provides the Government of Canada with specialized financial advisory around the country’s most complex and diverse commercial interests.
For over 40 years, CDEV, a Federal Crown corporation reporting to the Minister of Finance, has been the entity of choice for critical financial transactions needed to help Canada achieve its goals and maximize the value of government corporate assets.
Our Assets
CDEV acquires, holds and manages strategic assets to help achieve the Government of Canada’s financial and policy objectives.
Corporate Finance Advisory
CDEV provides the insight and creativity to help the Government of Canada achieve important goals.
Structured Financing
CDEV has the experience to provide structured financing solutions when called upon by the Department of Finance.
Acquisitions & Divestitures
CDEV has an established history of managing asset acquisitions and divestitures to achieve Canada’s strategic objectives.
Who We Are
Leaders in financial advisory solutions, including asset management, structured financing, acquisitions and divestitures.
Headquartered in Toronto with subsidiary offices in Calgary and professionals in Ottawa and the Maritimes, we bring excellent business judgement and commercial practices to the evaluation, management and monetization of assets of the Canadian Government, in addition to being an incubator for new entities aligned to help achieve policy objectives.
Announcements
Retirement of Board Chair, Steve Swaffield, from the boards of CDEV and its subsidiaries
Today marks the retirement of our Board Chair, Steve Swaffield, from the boards of CDEV and its subsidiaries after a long and distinguished service. Over the seven years that Steve has been on the board, he served as Chair
Order Authorizing CDEV to Incorporate and Establish a Subsidiary
Order authorizing Canada Development Investment Corporation to procure the incorporation of a wholly-owned subsidiary which will facilitate transactions in relation to the Telesat program known as Telesat Lightspeed. Order in Council PC 2024-0808 Order authorizing Canada Development Investment Corporation
The Board of Directors of Trans Mountain Corporation Announces Key Leadership Succession Appointments
Today, our subsidiary, Trans Mountain, announced the appointment of Mark Maki as the new Chief Executive Officer (CEO) and Michael Davies as the new President and Chief Operating Officer (COO), effective September 1st, 2024. We congratulate both Mark and
CDEV releases its 2023 Taskforce on Climate-Related Financial Disclosures (TCFD) report
Through this TCFD report, CDEV shares its strategy, progress, and ambition in addressing climate-related risks and opportunities – both at the corporate level and within its subsidiaries. “As a federal Crown corporation whose mandate includes managing critical assets for
Trans Mountain Corporation Announces Appointment of new Trans Mountain Board Chair
Trans Mountain Corporation (TMC) announced today the retirement of its Board Chair, William (Bill) Downe and the appointment of Dawn Farrell, TMC’s President and CEO to succeed Bill Downe as Board Chair effective September 1, 2024. The Board of
Appointment of Bruno Lemay to CEEFC as President and CEO
CDEV is pleased to announce that Mr. Lemay has joined our subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), as President and CEO, effective May 22, 2024. Mr. Lemay brings over 25 years of experience as an executive and corporate banker,
CDEV Releases its 2023 Annual Report
We are pleased to release our 2023 annual report today, reflecting on what a transformational year of growth last year was for CDEV. Main 2023 highlights include: We want to thank our staff, our Board, our colleagues in our
Trans Mountain Announces Milestones of Commercial Service for Expanded System
Trans Mountain Corporation (TMC) just confirmed that today, May 1st, 2024, is officially the commercial commencement date for its Expanded System. TMC is CDEV’s largest and most visible subsidiary, and it is with a unique sense of pride that
Budget 2024: Indigenous Loan Guarantee Program
Budget 2024 announced the launch of the Indigenous Loan Guarantee Program to unlock access to capital for Indigenous communities and help remove historical barriers to Indigenous equity investment in natural resources and energy projects. As indicated in Budget 2024,
CDEV Annual Public Meeting 2023
We are pleased to post the pre-recorded video of our Annual Public Meeting. You are invited to watch messages from Steve Swaffield, CDEV Board Chair, and Elizabeth Wademan, CDEV President and CEO, as they review this year. In response
Publications
To maintain the highest standards of ethics and accountability, CDEV publishes its annual reports and expenses. Find more about them below.