Latest news and announcements
Advancing Canada’s economy prosperity happens in new ways, every day. Get the latest news and announcements from CDEV and our subsidiaries.
Spotlight
March 28, 2026 | Announcements
Canada Development Investment Corporation welcomes Royal Assent of Budget Implementation Act
Toronto, March 27, 2026 — Canada Development Investment Corporation (CDEV) welcomes this week’s Royal Assent of the Government of Canada’s Budget Implementation Act which contains legislation that will establish CDEV under its own statute once enacted. CDEV advances economic prosperity for Canada by delivering financial and commercial expertise that government relies on. As a self-sustaining…
Latest News
May 11, 2020 | Announcements
Large Employer Emergency Financing Facility (LEEFF)
The Government of Canada has mandated CDEV to deliver support to large enterprises through the Large Employer Emergency Financing Facility (LEEFF). The announcement can be found here: https://pm.gc.ca/en/news/news-releases/2020/05/11/prime-minister-announces-additional-support-businesses-help-save. More information on this program will be available here soon. For now, please contact the Department of Finance at 613-369-3710 or fin.financepublic-financepublique.fin@canada.ca.
December 20, 2019 | Announcements
Divestment of Ridley Terminals Inc. Closes
Canada Development Investment Corporation (CDEV) today announced that the divestment of Ridley Terminals Inc. (RTI) has been completed. Based on an agreement reached in July 2019, Canada has now sold 90 per cent of its shares in RTI to a company owned by Riverstone Holdings and AMCI Group for a purchase price of $350 million.…
August 16, 2019 | Announcements
Minister of Finance Announces Appointments to Canada Development Investment Corporation
The Government of Canada is committed to appointing highly qualified candidates able to best serve the interests of Canadians. In keeping with this commitment, Finance Minister Bill Morneau today announced the appointments of Carole Malo and Robert Wener as new members of the Board of Directors of the Canada Development Investment Corporation (CDEV), for terms…
March 27, 2019 | Announcements
Stephen Swaffield Appointed Chair of the Board of Directors of CDEV
November 7, 2018 | Announcements
CDEV Announces Board of Directors of Trans Mountain Corporation
The Board of Directors of Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of several prominent Canadians to the Board of Directors overseeing the governance and management of Trans Mountain Corporation (TMC). The newly-constituted Board will be chaired by William Downe, former CEO of BMO Financial Group. Mr. Downe will be joined…
November 5, 2018 | Announcements
CDEV Issues Ridley Terminals Sales Process Letter
Ridley Terminals sales process letter Ridley Terminals Share Purchase Agreement
November 5, 2018 | Announcements
CDEV Announces Launch of Sale Process for Ridley Terminals Inc.
At the request of the Government of Canada, today the Canada Development Investment Corporation (CDEV) is launching a competitive sale process that is intended to lead to an agreement with a buyer for 90% of the shares of Ridley Terminals Inc., a federal Crown corporation. The remaining 10% of the shares would be transferred to…
August 31, 2018 | Announcements
Trans Mountain Pipeline System Announcement
On August 31, 2018 a subsidiary of CDEV purchased the entities that own and operate the Trans Mountain Pipeline System (www.transmountain.com) that runs between Edmonton, AB and Burnaby, BC and Washington State. The purchase price is $4.5 Billion before closing adjustments yet to be confirmed. The purchase was financed through loans from the Canada Account…
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