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

May 8, 2026 | Announcements

CDEV structuring Canadian Photonics Fabrication Centre spin-off process

Toronto, May 8, 2026—As the Government of Canada’s trusted partner for financial, commercial, and strategic advice, Canada Development Investment Corporation (CDEV) is playing a central role in the proposed spin-off of the National Research Council of Canada’s Canadian Photonics Fabrication Centre (CPFC), announced this week by the Government of Canada. The proposed transaction is intended…

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…

May 15, 2025 | Announcements

Federal Indigenous Loan Guarantee Program Celebrates First Loan Guarantee

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…

April 15, 2025 | Announcements

Applications are open for the Large Enterprise Tariff Loan (LETL) facility

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…

March 21, 2025 | Announcements

Changes to the Indigenous Loan Guarantee Program

On March 21, 2025, the Government of Canada has announced changes to the Indigenous Loan Guarantee Program, doubling the program from $5 billion to $10 billion and opening it to sectors outside of energy and natural resources to support more Indigenous-led infrastructure, transportation, and trade projects across the country. More information regarding these changes will be communicated…

March 17, 2025 | Announcements

Michael Bonshor Appointed as Board Chair of Canada Indigenous Loan Guarantee Corporation

Toronto, March 17, 2025 - Canada Development Investment Corporation (CDEV) is pleased to announce that Michael Bonshor has been appointed as Board Chair of Canada Indigenous Loan Guarantee Corporation (CILGC). CILGC is a wholly owned subsidiary of CDEV, mandated to deliver the inaugural federal Indigenous Loan Guarantee Program, providing $5 billion for Indigenous loan guarantees…

March 13, 2025 | Announcements

Corinne Boone Appointed as Board Chair of Canada Growth Fund (CGF)

Toronto, March 13, 2025 – Canada Growth Fund Inc. (CGF) is pleased to announce that Corinne Boone has been appointed as Chair of CGF. Sean Strickland has also been appointed to the Board as director. CGF, a wholly owned subsidiary of Canada Development Investment Corp. (CDEV), is a $15 billion independent and arm’s length fund…

January 16, 2025 | Announcements

CDEV Annual Public Meeting 2024

We are pleased to post the pre-recorded video of our 2024 Annual Public Meeting. You are invited to watch messages from Elizabeth Wademan, CDEV President and CEO, and Russ Wenman, Vice President and Head of Execution and Advisory, as they review this year. This year, CDEV has been central to the management and delivery of…

December 17, 2024 | Announcements

Sale of Air Canada Shares: Highlights

CDEV is proud to have achieved an excellent outcome for Canadians through the successful sale of Air Canada shares last week, which resulted in recouping the entire investment and generating a profit on the sale. As announced in the 2024 Fall Economic Statement on December 16, 2024, CDEV’s subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC),…

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