Latest news and announcements

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…

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…

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…

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…