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Canada Development Investment Corporation
The Canada Development Investment Corporation (CDEV; french: Corporation de développement des investissements du Canada) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Canada, including making purchases and sales of assets on behalf of the Queen-in-Council. CDEV was incorporated under the Canada Business Corporations Act in 1982 and was initially intended to be a temporary entity, with legislation passed in 1998 directing the corporation's mandate to be focussed solely on orderly dissolution and divestment of its holdings. However, the Government of Canada announced in 2007 that CDEV would continue operations. Owned in full by the Crown and managed by a Toronto-based board of directors, CDEV is accountable to the Parliament of Canada through the Minister of Finance. Any changes in corporate structure or purchases of new assets must be directed by the Queen-in-Council. Holdings , CDEV's current holdings co ...
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Crown Corporations Of Canada
Crown corporations in Canada are government organizations with a mixture of commercial and public-policy objectives.Tupper, Allan. 2006 February 7.Crown Corporation" ''The Canadian Encyclopedia'' (last edited 2021 March 18). Retrieved 2021 May 19. They are directly and wholly owned by the Crown (i.e. the government of Canada or a province). Crown corporations represent a specific form of state-owned enterprise. Each corporation is ultimately accountable to (federal or provincial) Parliament through a relevant minister for the conduct of its affairs. They are established by an Act of Parliament and report to that body via the relevant minister in Cabinet, though they are "shielded from constant government intervention and legislative oversight" and thus "generally enjoy greater freedom from direct political control than government departments." Crown corporations are distinct from "departmental corporations" such as the Canada Revenue Agency. Crown corporations have a long-s ...
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Hibernia Oil Field
Hibernia is an oil field in the North Atlantic Ocean, approximately east-southeast of St. John's, Newfoundland, Canada, in 80 m of water.Hurley, T.J., Kreisa, R.D., Taylor, G.G., and Yates, W.R.L., 1992, The Reservoir Geology and Geophysics of the Hibernia Field, Offshore Newfoundland, in ''Giant Oil and Gas Fields of the Decade, 1978-1988'', AAPG Memoir 54, Halbouty, M.T., editor, Tulsa: American Association of Petroleum Geologists, The production platform ''Hibernia'' is the world's largest oil platform (by weight) and consists of a integrated topsides facility mounted on a gravity base structure. The platform was towed to its final site, and of solid ballast were added to secure it in place. Inside the gravity base structure are storage tanks for of crude oil. Geology The field was discovered in 1979 with the Hibernia P-15 well, and is located on the Grand Banks of Newfoundland in the northwest sector of the Jeanne d'Arc Basin, the Cretaceous primary reservoir being ...
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Canadian Federal Crown Corporations
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and ec ...
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Federal Departments And Agencies Of Canada
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies * Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states *Federal republic, a federation which is a republic *Federalism, a political philosophy * Federalist, a political belief or member of a political grouping * Federalization, implementation of federalism Particular governments *Federal government of the United States **United States federal law ** United States federal courts * Government of Argentina * Government of Australia *Government of Pakistan * Federal government of Brazil *Government of Canada *Government of India * Federal government of Mexico * Federal government of Nigeria * Government of Russia *Government of South Africa * Government of Philippines Other *'' The Federalist Papers'', critical early argu ...
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1982 Establishments In Canada
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. ...
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General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. Its four core automobile brands are Chevrolet, Buick, GMC (automobile), GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX (engines), DMAX via joint ventures. Additionally, GM also owns the BrightDrop delivery vehicle manufacturer, GM Defense, a namesake Defense vehicles division which produces military vehicles for the United States government and military; the vehicle safety, security, and information services provider OnStar; the auto parts company ACDelco, a GM Financial, namesake financial lending service; and majority ownership in t ...
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Federal Aid During The COVID-19 Pandemic In Canada
The Government of Canada introduced multiple temporary social security and financial aid programs in response to the economic impacts of the COVID-19 pandemic in Canada. The initial CA$82-billion aid package was announced on March 18, 2020 by Justin Trudeau. The first measures were implemented when the ''COVID-19 Emergency Response Act'' received royal assent from Governor General Julie Payette on March 25, 2020. Modifications to existing programs Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, and personal income tax deadlines for 2019 were extended. Catherine McKenna, the Minister of Infrastructure and Communities, also announced on April 16 that the federal government was seeking "shovel-ready" infrastructure projects to receive stimulus funding. Incom ...
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Trans Mountain Corporation
Trans- is a Latin prefix meaning "across", "beyond", or "on the other side of". Used alone, trans may refer to: Arts, entertainment, and media * Trans (festival), a former festival in Belfast, Northern Ireland, United Kingdom * ''Trans'' (film), a 1998 American film * Trans Corp, an Indonesian business unit of CT Corp in the fields of media, lifestyle, and entertainment ** Trans Media, a media subsidiary of Trans Corp *** Trans TV, an Indonesian television network *** Trans7, an Indonesian television network Literature * '' Trans: Gender and Race in an Age of Unsettled Identities'', a 2016 book by Rogers Brubaker * '' Trans: When Ideology Meets Reality'', a 2021 book by Helen Joyce Music * ''Trans'' (album), by Neil Young * ''Trans'' (Stockhausen), a 1971 orchestral composition Places * Trans, Mayenne, France, a commune * Trans, Switzerland, a village Science and technology * Trans effect in inorganic chemistry, the increased lability of ligands that are trans to certain o ...
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Trans Mountain Pipeline
The Trans Mountain Pipeline System, or simply the Trans Mountain Pipeline, is a pipeline that carries crude and refined oil from Alberta to the coast of British Columbia, Canada. The pipeline is currently owned by the Government of Canada through Trans Mountain Corporation, a subsidiary of the federal Crown corporation Canada Development Investment Corporation (CDEV). Until the August 31, 2018 purchase by CDEV, the Trans Mountain Pipeline was owned by the Canadian division of Houston, Texas-based pipeline operator Kinder Morgan. The pipeline has been in use since 1953. It is the only pipeline to run between these two areas. A second span is being built roughly parallel to the existing pipeline, to expand the capacity from to . Since it was first proposed in 2013, this Trans Mountain Expansion Project has attracted controversy due to its potential environmental impact, having faced legal challenges, as well as protests from environmentalists and First Nations groups. As of A ...
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Eldorado Resources
Eldorado Resources was a Canadian mining company active between 1926 and 1988. The company was originally established by brothers Charles and Gilbert LaBine as a gold mining enterprise in 1926, but transitioned to focus on radium in the 1930s and uranium beginning in the 1940s. The company was nationalized into a Crown corporation in 1943 when the Canadian federal government purchased share control. Eldorado Resources was merged with the Saskatchewan Mining Development Corporation in 1988 and the resulting entity was privatized as Cameco Corporation. The remediation of some mining sites and low-level nuclear waste continue to be overseen by the Government of Canada through Canada Eldor Inc., a subsidiary of the Canada Development Investment Corporation. History Eldorado was originally established as Eldorado Gold Mines but, after finding radioactive deposits at Great Bear Lake, Northwest Territories in 1930, the company transitioned to primarily mining radioactive materials. Gil ...
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Minister Of Finance (Canada)
The minister of finance (french: ministre des Finances) is the minister of the Crown in the Canadian Cabinet who is responsible for overseeing the Department of Finance and presenting the federal government's budget each year. It is one of the most important positions in the Cabinet. Chrystia Freeland serves as the 40th and current finance minister, assuming the role in August 2020 following the resignation of Bill Morneau. She concurrently serves as the deputy prime minister of Canada. Because of the prominence and responsibility of this cabinet position, it is not uncommon for former ministers of finance to later become prime minister. Charles Tupper, R. B. Bennett, John Turner, Jean Chrétien, and Paul Martin all became prime minister after previously serving as minister of finance. Responsibilities In addition to being the head of the Department of Finance, the minister of finance is also the minister responsible for: * Bank of Canada * Canada Deposit Insurance Cor ...
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Investment Management
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs. The term asset management is often used to refer to the management of investment funds, while the more generic term fund management may refer to all forms of institutional investment, as well as investment management for private investors. Investment managers who specialize in ''advisory'' or ''discretionary'' management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the contex ...
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