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class="mobile_menu_bar"></span> </div> </div> </div> <div class="et_pb_menu__search-container et_pb_menu__search-container--disabled"> <div class="et_pb_menu__search"> <form role="search" method="get" class="et_pb_menu__search-form" action="https://cdev.gc.ca/"> <input type="search" class="et_pb_menu__search-input" placeholder="Search …" name="s" title="Search for:" /> </form> <button type="button" class="et_pb_menu__icon et_pb_menu__close-search-button"></button> </div> </div> </div> </div> </div> </div> </div> </div> </header> <div id="et-main-area"> <div id="main-content"> <article id="post-15" class="post-15 page type-page status-publish hentry"> <div class="entry-content"> <div class="et-l et-l--post"> <div class="et_builder_inner_content et_pb_gutters3"> <div class="et_pb_with_border et_pb_section et_pb_section_0 et_pb_section_parallax et_pb_with_background et_section_regular" > <span class="et_parallax_bg_wrap"><span class="et_parallax_bg lazyload" style="background-image:inherit;" data-bg-image="url(https://cdev.gc.ca/wp-content/uploads/2022/11/iStock-1298523613-1-scaled.jpg)"></span><span class="et_parallax_gradient" style="background-image: linear-gradient( 180deg, #ffffff 0%, rgba(255,255,255,0) 13% );" ></span></span> <div class="et_pb_row et_pb_row_0 et_pb_equal_columns et_pb_gutters2"> <div class="et_pb_column et_pb_column_4_4 et_pb_column_0 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_text et_pb_text_0 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h1><strong>Financial Expertise & Innovative Solutions for the Government of Canada</strong><br /></h1> <p><span></span></p></div> </div><div class="et_pb_module et_pb_text et_pb_text_1 et_animated et_pb_text_align_left et_pb_bg_layout_dark"> <div class="et_pb_text_inner"><p>Canada Development Investment Corporation (CDEV) provides the Government of Canada with specialized financial advisory around the country’s most complex and diverse commercial interests.</p> <p>For over 40 years, CDEV, a Federal Crown corporation reporting to the Minister of Finance, has been the entity of choice for critical financial transactions needed to help Canada achieve its goals and maximize the value of government corporate assets.</p></div> </div> </div> </div> </div><div class="et_pb_section et_pb_section_1 et_pb_with_background et_section_regular" > <div class="et_pb_row et_pb_row_1 et_pb_gutters2"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_1 et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module dsm_card dsm_card_0 et_animated et_clickable et_pb_section_video_on_hover et_pb_section_parallax_hover et_pb_bg_layout_light dsm_card_layout_stacked"> <div class="et_pb_module_inner"> <div class="et_pb_module dsm_card_wrapper et_pb_text_align_left"> <h4 class="dsm_card_title et_pb_module_header">Our Assets</h4> <div class="dsm_card_description"><p>CDEV acquires, holds and manages strategic assets to help achieve the Government of Canada’s financial and policy objectives.</p></div> <div class="et_pb_button_wrapper"><a class="et_pb_button et_pb_more_button " href="https://cdev.gc.ca/our-assets/">Learn More</a></div> </div> </div> </div> </div><div class="et_pb_column et_pb_column_1_2 et_pb_column_2 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module dsm_card dsm_card_1 et_animated et_clickable et_pb_section_video_on_hover et_pb_section_parallax_hover et_pb_bg_layout_light dsm_card_layout_stacked"> <div class="et_pb_module_inner"> <div class="et_pb_module dsm_card_wrapper et_pb_text_align_left"> <h4 class="dsm_card_title et_pb_module_header">Corporate Finance Advisory</h4> <div class="dsm_card_description"><p>CDEV provides the insight and creativity to help the Government of Canada achieve important goals.</p></div> <div class="et_pb_button_wrapper"><a class="et_pb_button et_pb_more_button " href="https://cdev.gc.ca/advisory/">Learn More</a></div> </div> </div> </div> </div> </div><div class="et_pb_row et_pb_row_2 et_pb_gutters2"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_3 et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module dsm_card dsm_card_2 et_animated et_clickable et_pb_section_video_on_hover et_pb_section_parallax_hover et_pb_bg_layout_light dsm_card_layout_stacked"> <div class="et_pb_module_inner"> <div class="et_pb_module dsm_card_wrapper et_pb_text_align_left"> <h4 class="dsm_card_title et_pb_module_header">Structured Financing</h4> <div class="dsm_card_description"><p><span>CDEV has the experience to provide structured financing solutions when called upon by the Department of Finance.</span></p></div> <div class="et_pb_button_wrapper"><a class="et_pb_button et_pb_more_button " href="https://cdev.gc.ca/structured-financing/">Learn More</a></div> </div> </div> </div><div class="et_pb_module dsm_button dsm_button_0 et_pb_bg_layout_light"> <div class="et_pb_module_inner"> <div class="et_pb_button_module_wrappers dsm_button_0_wrapper et_pb_module"> </div> </div> </div> </div><div class="et_pb_column et_pb_column_1_2 et_pb_column_4 et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module dsm_card dsm_card_3 et_animated et_clickable et_pb_section_video_on_hover et_pb_section_parallax_hover et_pb_bg_layout_light dsm_card_layout_stacked"> <div class="et_pb_module_inner"> <div class="et_pb_module dsm_card_wrapper et_pb_text_align_left"> <h4 class="dsm_card_title et_pb_module_header">Acquisitions & Divestitures</h4> <div class="dsm_card_description"><p>CDEV has an established history of managing asset acquisitions and divestitures to achieve Canada’s strategic objectives.</p></div> <div class="et_pb_button_wrapper"><a class="et_pb_button et_pb_more_button " href="https://cdev.gc.ca/divestitures/">Learn More</a></div> </div> </div> </div> </div> </div> </div><div class="et_pb_section et_pb_section_2 et_section_regular" > <div class="et_pb_row et_pb_row_3 et_pb_equal_columns et_pb_gutters4"> <div class="et_pb_column et_pb_column_2_5 et_pb_column_5 et_pb_section_video_on_hover et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_with_border et_pb_module et_pb_text et_pb_text_2 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h3><span>Who We Are</span><br /></h3></div> </div><div class="et_pb_module et_pb_text et_pb_text_3 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><h2><strong>Leaders in financial advisory solutions, including asset management, structured financing, acquisitions and divestitures. </strong></h2></div> </div><div class="et_pb_module et_pb_text et_pb_text_4 et_animated et_pb_text_align_left et_pb_bg_layout_light"> <div class="et_pb_text_inner"><p>Headquartered in Toronto with subsidiary offices in Calgary and professionals in Ottawa and the Maritimes, we bring excellent business judgement and commercial practices to the evaluation, management and monetization of assets of the Canadian Government, in addition to being an incubator for new entities aligned to help achieve policy objectives.</p></div> </div> </div><div class="et_pb_column et_pb_column_3_5 et_pb_column_6 et_pb_section_video_on_hover et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_image et_pb_image_0"> <span class="et_pb_image_wrap "><img decoding="async" data-src="https://cdev.gc.ca/wp-content/uploads/2022/10/element.svg" alt="" title="element" class="wp-image-243 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" /><noscript><img decoding="async" data-src="https://cdev.gc.ca/wp-content/uploads/2022/10/element.svg" alt="" title="element" class="wp-image-243 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" /><noscript><img decoding="async" src="https://cdev.gc.ca/wp-content/uploads/2022/10/element.svg" alt="" 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<div class="et_pb_row et_pb_row_4 et_pb_equal_columns et_pb_gutters2"> <div class="et_pb_column et_pb_column_1_2 et_pb_column_7 et_animated et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_text et_pb_text_6 et_pb_text_align_left et_pb_bg_layout_dark"> <div class="et_pb_text_inner"><h2><span>Announcements</span></h2> <p> </p></div> </div><div class="et_pb_module dsm_blog_carousel dsm_blog_carousel_0"> <div class="et_pb_module_inner"> <div class="dsm-blog-carousel" data-loop='1' data-speed='500' data-columnsdesktop='1' data-columnsphone='1' data-columnstablet='1' data-autoplay='on' data-autoplayspeed='7000' data-ordernumber='0' data-spacing='30' data-spacingtablet='30' data-spacingphone='30' data-effect='default' data-effect-shadows='off' data-effect-coverflow-rotate='30' data-effect-coverflow-depth='100' data-centered='off' data-multi-row='off' data-row='1' data-pagi-button-style='progressbar' data-pause-on-hover='off' data-touch-move='off' data-grab='on'> <div class="swiper-container" dir="ltr"> <div class="dsm-blog-carousel-wrapper swiper-wrapper"> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/retirement-of-board-chair-steve-swaffield-from-the-boards-of-cdev-and-its-subsidiaries/" title="Retirement of Board Chair, Steve Swaffield, from the boards of CDEV and its subsidiaries"> Retirement of Board Chair, Steve Swaffield, from the boards of CDEV and its subsidiaries </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Oct 1, 2024">Oct 1, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>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</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/retirement-of-board-chair-steve-swaffield-from-the-boards-of-cdev-and-its-subsidiaries/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/order-authorizing-cdev-to-incorporate-and-establish-a-subsidiary-2/" title="Order Authorizing CDEV to Incorporate and Establish a Subsidiary"> Order Authorizing CDEV to Incorporate and Establish a Subsidiary </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Sep 13, 2024">Sep 13, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>Order authorizing Canada Development Investment Corporation to procure the incorporation of a wholly-owned subsidiary which will facilitate transactions in relation to the Telesat program known as Telesat Lightspeed. Order in Council PC 2024-0808 Order authorizing Canada Development Investment Corporation</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/order-authorizing-cdev-to-incorporate-and-establish-a-subsidiary-2/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/the-board-of-directors-of-trans-mountain-corporation-announces-key-leadership-succession-appointments/" title="The Board of Directors of Trans Mountain Corporation Announces Key Leadership Succession Appointments"> The Board of Directors of Trans Mountain Corporation Announces Key Leadership Succession Appointments </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Aug 23, 2024">Aug 23, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>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</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/the-board-of-directors-of-trans-mountain-corporation-announces-key-leadership-succession-appointments/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/canada-development-investment-corporation-cdev-releases-its-2023-taskforce-on-climate-related-financial-disclosures-tcfd-report/" title="CDEV releases its 2023 Taskforce on Climate-Related Financial Disclosures (TCFD) report"> CDEV releases its 2023 Taskforce on Climate-Related Financial Disclosures (TCFD) report </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Jul 30, 2024">Jul 30, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>Through this TCFD report, CDEV shares its strategy, progress, and ambition in addressing climate-related risks and opportunities – both at the corporate level and within its subsidiaries. “As a federal Crown corporation whose mandate includes managing critical assets for</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/canada-development-investment-corporation-cdev-releases-its-2023-taskforce-on-climate-related-financial-disclosures-tcfd-report/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/trans-mountain-corporation-announces-appointment-of-new-trans-mountain-board-chair/" title="Trans Mountain Corporation Announces Appointment of new Trans Mountain Board Chair"> Trans Mountain Corporation Announces Appointment of new Trans Mountain Board Chair </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Jul 29, 2024">Jul 29, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>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</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/trans-mountain-corporation-announces-appointment-of-new-trans-mountain-board-chair/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/appointment-of-bruno-lemay-to-ceefc-as-president-and-ceo/" title="Appointment of Bruno Lemay to CEEFC as President and CEO"> Appointment of Bruno Lemay to CEEFC as President and CEO </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="May 27, 2024">May 27, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>CDEV is pleased to announce that Mr. Lemay has joined our subsidiary,  Canada Enterprise Emergency Funding Corporation (CEEFC), as President and CEO, effective May 22, 2024.  Mr. Lemay brings over 25 years of experience as an executive and corporate banker,</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/appointment-of-bruno-lemay-to-ceefc-as-president-and-ceo/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/cdev-releases-its-2023-annual-report/" title="CDEV Releases its 2023 Annual Report"> CDEV Releases its 2023 Annual Report </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="May 3, 2024">May 3, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>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</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/cdev-releases-its-2023-annual-report/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/trans-mountain-announces-milestones-of-commercial-service-for-expanded-system/" title="Trans Mountain Announces Milestones of Commercial Service for Expanded System"> Trans Mountain Announces Milestones of Commercial Service for Expanded System </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="May 1, 2024">May 1, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>Trans Mountain Corporation (TMC) just confirmed that today, May 1st, 2024, is officially the commercial commencement date for its Expanded System. TMC is CDEV’s largest and most visible subsidiary, and it is with a unique sense of pride that</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/trans-mountain-announces-milestones-of-commercial-service-for-expanded-system/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/budget-2024-indigenous-loan-guarantee-program/" title="Budget 2024: Indigenous Loan Guarantee Program"> Budget 2024: Indigenous Loan Guarantee Program </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Apr 16, 2024">Apr 16, 2024</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>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,</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/budget-2024-indigenous-loan-guarantee-program/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> <article class="dsm-blog-carousel-item swiper-slide"> <div class="dsm-grid-post-holder-inner"> <div class="dsm-entry-wrapper"> <header class="dsm-entry-header"> <h2 class="dsm-entry-title"> <a href="https://cdev.gc.ca/cdev-annual-public-meeting-2023/" title="CDEV Annual Public Meeting 2023"> CDEV Annual Public Meeting 2023 </a> </h2> </header> <div class="dsm-entry-meta"> <span class="dsm-meta-seperator"> </span> <span class="dsm-posted-on"><time datetime="Dec 21, 2023">Dec 21, 2023</time></span> </div> <div class="dsm-entry-content"> <div class="dsm-post-excerpt"> <p>We are pleased to post the pre-recorded video of our Annual Public Meeting. You are invited to watch messages from Steve Swaffield, CDEV Board Chair, and Elizabeth Wademan, CDEV President and CEO, as they review this year. In response</p> </div> </div> <div class="dsm-readmore-wrap et_pb_bg_layout_light"> <a href="https://cdev.gc.ca/cdev-annual-public-meeting-2023/" class="dsm-readmore-btn et_pb_button et_pb_custom_button_icon" data-icon="$" target="">Continue Reading</a> </div> </div> </div> </article> </div> </div> <div class="swiper-container-horizontal"> <div class="swiper-pagination dsm-pagination0"></div> </div> </div> </div> </div><div class="et_pb_button_module_wrapper et_pb_button_1_wrapper et_pb_module "> <a class="et_pb_button et_pb_button_1 et_pb_bg_layout_light" href="https://cdev.gc.ca/announcements/">All Announcements</a> </div> </div><div class="et_pb_column et_pb_column_1_2 et_pb_column_8 et_animated et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_text et_pb_text_7 et_pb_text_align_left et_pb_bg_layout_dark"> <div class="et_pb_text_inner"><h2>Publications</h2></div> </div><div class="et_pb_module et_pb_text et_pb_text_8 et_pb_text_align_left et_pb_bg_layout_dark"> <div class="et_pb_text_inner"><p>To maintain the highest standards of ethics and accountability, CDEV publishes its annual reports and expenses. 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