Latest news and announcements

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…

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…

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…

36 First Nations to Invest in a 12.5% Ownership Stake in Enbridge’s Westcoast natural gas pipeline system Toronto, May 15, 2025 – Canada Development Investment Corporation (CDEV), through its subsidiary, Canada Indigenous Loan Guarantee Corporation (CILGC), is proud to announce the provision of a loan guarantee in connection with a landmark transaction to be completed…

Toronto, April 15, 2025 – Canada Development Investment Corp. (CDEV) is pleased to announce the launch of the Large Enterprise Tariff Loan (LETL) facility, a new initiative to support large Canadian enterprises affected by actual and potential new U.S. tariffs and associated countermeasures and which face challenges accessing traditional sources of market financing. CDEV has…