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
February 4, 2026 | Announcements
Lorraine Audsley Appointed President and Chief Executive Officer of Canada Enterprise Emergency Funding Corporation
Toronto, Wednesday, February 4, 2026 – Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of Lorraine Audsley as the President and Chief Executive Officer of its portfolio company, Canada Enterprise Emergency Funding Corporation (CEEFC), effective February 24, 2026. In this role, Lorraine will provide strategic leadership and operational oversight as CEEFC delivers…
Latest News
February 4, 2026 | Announcements
Lorraine Audsley Appointed President and Chief Executive Officer of Canada Enterprise Emergency Funding Corporation
Toronto, Wednesday, February 4, 2026 – Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of Lorraine Audsley as the President and Chief Executive Officer of its portfolio company, Canada Enterprise Emergency Funding Corporation (CEEFC), effective February 24, 2026. In this role, Lorraine will provide strategic leadership and operational oversight as CEEFC delivers…
January 23, 2026 | Announcements
New Directors Appointed to the Board of Directors of Canada Growth Fund Inc.
Toronto, January 23, 2026 – Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of Aaron Engen and Candace MacGibbon to the Board of Directors of Canada Growth Fund Inc. (CGF). A wholly-owned subsidiary of CDEV, CGF is a $15 billion independent and arm’s length fund designed to attract private capital to support the efficiency…
January 14, 2026 | Announcements
Kristan Straub Appointed President and Chief Executive Officer of Canada Indigenous Loan Guarantee Corporation
Toronto, January 14, 2026 – Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of Kristan Straub as the President and Chief Executive Officer of its subsidiary, Canada Indigenous Loan Guarantee Corporation (CILGC). A member of Henvey Inlet and French River No. 13 First Nation, Mr. Straub is a highly accomplished executive and recognized…
November 17, 2025 | Announcements
Canada Enterprise Emergency Funding Corporation confirms the first loan under the Large Enterprise Tariff Loan facility
Toronto, November 17, 2025 — Canada Development Investment Corporation (CDEV), through its subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), is pleased to confirm that Algoma Steel Inc. has completed its financing transaction providing $400 million in federal financing as part of a $500-million package supporting the company. This concludes the loan announced September 29, 2025, and…
November 12, 2025 | Announcements
Dwight Ball Appointed as Board Chair of Canada Development Investment Corporation
Toronto, November 12, 2025 — Canada Development Investment Corporation (CDEV) is pleased to announce that Dwight Ball has been appointed as the Chair of its Board of Directors. Dwight joined the Board of Directors of CDEV in February 2023 and has contributed significantly to the board, as he has also served as Chair of the…
September 29, 2025 | Announcements
Canada Enterprise Emergency Funding Corporation announces the first loan under the Large Enterprise Tariff Loan facility
Toronto, September 29, 2025 - Today, Canada Development Investment Corporation, through its subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), announced the first loan under the Large Enterprise Tariff Loan (LETL) facility to protect Canadian jobs and strengthen strategic industries. This inaugural loan will provide Algoma Steel Inc. (Algoma) with access to $400 million in liquidity.…
July 30, 2025 | Announcements
CDEV releases its 2024 Climate-related Disclosure Report
CDEV is pleased to release its 2024 Climate-related Disclosure report based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This third report outlines CDEV’s approach, performance, and achievements related to its climate change priorities. As a self-sustaining federal Crown corporation that serves as the centre of excellence for financial advisory to…
July 2, 2025 | Announcements
Federal Indigenous Loan Guarantee Program Confirms Issuance of its First Loan Guarantee
Canada Development Investment Corporation (CDEV), through its subsidiary, Canada Indigenous Loan Guarantee Corporation (CILGC), is pleased to confirm the issuance of its first loan guarantee covering $400 million of a $736-million investment by 38 First Nations in British Columbia for a 12.5% stake in Enbridge’s Westcoast pipeline system. This issuance follows the successful completion…
June 13, 2025 | Announcements
CDEV Releases its 2024 Annual Report
We are pleased to release our 2024 annual report today, reflecting on what a transformational year of growth last year was for CDEV. Main 2024 highlights include: We want to thank our team, our Board, our colleagues in the CDEV Group of Companies and in the federal government, and our business partners for contributing to…
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