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 for the past six years and during his tenure, played a critical role in supporting the…

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 to incorporate a wholly-owned subsidiary to carry out transactions in relation to the Telesat program known…

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 Mike on their promotions and have every confidence in them in their new roles. Mark has…

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 the Government of Canada, we take our mission to act in the best interest of Canada…

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 Directors is undertaking a CEO succession process and will have further announcements in due course. “We…

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, with deep expertise in corporate lending. He was most recently Managing Director and Head of Corporate Banking…

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 subsidiaries and in the federal government, and our business partners for contributing to our success.   To…

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 we congratulate them on the mechanical completion of the expanded pipeline that will triple the capacity…

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, and pending passing of the Budget, CDEV will be responsible for creating a new subsidiary to…