Latest news and announcements

Toronto, February 19, 2026 - Canada Development Investment Corporation (CDEV) congratulates Don Lindsay for his appointment, effective as of February 24, 2026, as Board Chair of Trans Mountain Corporation (TMC), the wholly owned subsidiary of CDEV, mandated to safely and sustainably operate and optimize the Trans Mountain pipeline systems, ensuring reliable transportation of Canadian crude…

Canada Development Investment Corporation (CDEV) is seeking two exceptional directors to join its Board. CDEV plays a critical role in advancing Canada’s economic prosperity by delivering the financial and commercial expertise the Government of Canada relies on in its most complex and consequential situations. A federal Crown corporation with an independent Board accountable to Parliament…

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…

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…

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…

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…

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…

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.…

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…