Latest news and announcements

Trans Mountain Corporation (TMC) announced today the retirement of its Board Chair, William (Bill) Downe and the appointment of Dawn Farrell, TMC’s President and CEO to succeed Bill Downe as Board Chair effective September 1, 2024. The Board of Directors is undertaking a CEO succession process and will have further announcements in due course. “We…

CDEV is pleased to announce that Mr. Lemay has joined our subsidiary,  Canada Enterprise Emergency Funding Corporation (CEEFC), as President and CEO, effective May 22, 2024.  Mr. Lemay brings over 25 years of experience as an executive and corporate banker, with deep expertise in corporate lending. He was most recently Managing Director and Head of Corporate Banking…

We are pleased to release our 2023 annual report today, reflecting on what a transformational year of growth last year was for CDEV. Main 2023 highlights include:   We want to thank our staff, our Board, our colleagues in our subsidiaries and in the federal government, and our business partners for contributing to our success.   To…

Trans Mountain Corporation (TMC) just confirmed that today, May 1st, 2024, is officially the commercial commencement date for its Expanded System. TMC is CDEV’s largest and most visible subsidiary, and it is with a unique sense of pride that we congratulate them on the mechanical completion of the expanded pipeline that will triple the capacity…

Budget 2024 announced the launch of the Indigenous Loan Guarantee Program to unlock access to capital for Indigenous communities and help remove historical barriers to Indigenous equity investment in natural resources and energy projects. As indicated in Budget 2024, and pending passing of the Budget, CDEV will be responsible for creating a new subsidiary to…

We are pleased to post the pre-recorded video of our Annual Public Meeting. You are invited to watch messages from Steve Swaffield, CDEV Board Chair, and Elizabeth Wademan, CDEV President and CEO, as they review this year. In response to the increased number of mandates given to CDEV, this year has been a year of…

Congratulations to our subsidiary, the Canada Growth Fund, who announced today a groundbreaking investment of $200 million in Entropy, a Calgary-based developer of technologically-advanced carbon capture and sequestration projects with the potential to significantly reduce emissions in Canada and worldwide. This investment is important because it is the world’s first carbon credit offtake agreement of…

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, under subsection 105(1) of the Financial Administration Act, approves the appointment by the Minister of Finance of Alicia Damley of Mississauga, Ontario, to be a director of the Board of Directors of the Canada Development Investment Corporation, to hold office during pleasure for a term of four years. Order…

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, under subsection 105(1) of the Financial Administration Act, approves the appointment by the Minister of Finance of Charles Malone of Comox, British Columbia, to be a director of the Board of Directors of the Canada Development Investment Corporation, to hold office during pleasure for a…