Moving Canada’s national
interests forward
Our Companies
Leading with experience
and integrity
Trans Mountain Corporation
Trans Mountain Corporation operates Canada’s only pipeline system for oil products to the West Coast. The Trans Mountain Expansion Project, completed in 2024, increased pipeline capacity by almost threefold, building upon over 70 years transporting oil safely and reliably to access global energy markets.

Canada Hibernia Holding Corporation
Canada Hibernia Holding Corporation plays an active role as a co-owner in the Hibernia Project, an oil development and production project located offshore Newfoundland and Labrador that strengthens regional and national resilience.

Canada Eldor Inc.
Canada Eldor Inc. (CEI), which has no operations, is responsible for servicing liabilities, chiefly arising from an agreement of purchase and sale with Cameco entered into in 1988. CEI is responsible for the liabilities resulting from past activities of Eldorado Nuclear, the assets of which were merged with Saskatchewan Mining and Development Corporation in 1988 to form Cameco. CEI continues to pay for costs relating to the decommissioning of the former Beaverlodge mine site and for retiree benefits of certain former employees. CEI pays Cameco to manage these responsibilities.

Canada Enterprise Emergency Funding Corporation
Canada Enterprise Emergency Funding Corporation specializes in large-scale loan facilities that help large Canadian companies remain solvent in times of significant economic shock. First established as a response to the COVID-19 pandemic, the company has evolved to provide solutions to new challenges, such as supporting large Canadian enterprises affected by potential new tariffs through the $10-billion Large Enterprise Tariff Loan facility.

Canada Growth Fund Inc.
The Canada Growth Fund has the mandate to build a portfolio of investments that unlocks private sector investment in Canadian businesses and projects to help grow Canada’s economy at speed and scale on the path to emissions reductions. A $15-billion fund, it uses investment instruments that absorb certain risks to attract private capital that accelerates efficient emission reduction projects, helps Canadian clean technology companies scale up successfully, and capitalizes on Canada’s abundant natural resources and strengthens low-carbon supply chains.

Canada Indigenous Loan Guarantee Corporation
Canada Indigenous Loan Guarantee Corporation manages the $10-billion Indigenous Loan Guarantee Program, which supports Indigenous self-determination and access to capital to accelerate economic reconciliation. Its goal is to reduce financial barriers that limit Indigenous participation in projects that could generate long-term economic benefits.

Canada Innovation Corporation
Canada Innovation Corporate is mandated to help to maximize business investment in research and development across all sectors and in all regions of Canada to promote innovation-driven economic prosperity. Incorporated in February 2023, it will be fully implemented no later than 2026–2027, according to an announcement of the Government of Canada in December 2023.

Lender to Telesat Lightspeed
Through a subsidiary (16342451 Canada Inc.) CDEV oversees and manages the $2.14-billion loan for the Telesat Lightspeed project, Canada’s largest ever space program. Telesat Lightspeed will expand the reach of internet and 5G networks in underserved, rural and remote areas as well as provide high-capacity connectivity for enterprise, energy, aviation and maritime customers. While supporting Canadian jobs and technology, it will play a critical role in modernizing government and defence communications with resilient, secure global connectivity to enhance national security and Arctic defence.
