Latest news and announcements

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…

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),…

Toronto, December 17, 2024 – As announced in the 2024 Fall Economic Statement, the Canada Indigenous Loan Guarantee Corporation, a newly established subsidiary of the Canada Development Investment Corporation (CDEV), officially launched the Indigenous Loan Guarantee Program yesterday. This program is a major initiative that will unlock up to $5 billion in loan guarantees to…

Order authorizing the Canada Development Investment Corporation to procure the incorporation of a wholly owned subsidiary to provide loan guarantees as part of the Indigenous Loan Guarantee Program. 2024-1141 Order directing Canada Development Investment Corporation to procure the incorporation of a wholly owned subsidiary under the Canada Business Corporations Act and to take such steps…

Canada Development Investment Corporation (“CDEV”) will hold its Annual Public Meeting on Thursday, January 16, 2024. This meeting will be pre-recorded and available to view on CDEV’s webpage at www.cdev.gc.ca. Questions may be submitted in advance to info@cdev-old.local no later than Tuesday, December 24, 2024, at noon, and every attempt will be made to answer them…

Today marks the retirement of our Board Chair, Steve Swaffield, from the boards of CDEV and its subsidiaries after a long and distinguished service. Over the seven years that Steve has been on the board, he served as Chair for the past six years and during his tenure, played a critical role in supporting the…

Order authorizing Canada Development Investment Corporation to procure the incorporation of a wholly-owned subsidiary which will facilitate transactions in relation to the Telesat program known as Telesat Lightspeed. Order in Council PC 2024-0808 Order authorizing Canada Development Investment Corporation to incorporate a wholly-owned subsidiary to carry out transactions in relation to the Telesat program known…

Today, our subsidiary, Trans Mountain, announced the appointment of Mark Maki as the new Chief Executive Officer (CEO) and Michael Davies as the new President and Chief Operating Officer (COO), effective September 1st, 2024. We congratulate both Mark and Mike on their promotions and have every confidence in them in their new roles. Mark has…

Through this TCFD report, CDEV shares its strategy, progress, and ambition in addressing climate-related risks and opportunities – both at the corporate level and within its subsidiaries. “As a federal Crown corporation whose mandate includes managing critical assets for the Government of Canada, we take our mission to act in the best interest of Canada…