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Crown Corporation

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Crown Corporation
A corporation owned by the government of Canada or one of its provincial governments. The federal or provincial government has a large say in setting the budget of crown corporations and appoints the board of directors, but in general they operate as private companies on a day-to-day basis. However, crown corporations are sometimes thought to be less efficient than other companies and several, such as Air Canada, have been privatized. A famous example of a current crown corporation is the Canadian Broadcasting Corporation.


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I'm not sure why or how Saskatchewan became the 'Land of the Crowns,' but heaven knows, our Crown corporations are practically more sacred than life itself.
In his book, Bellamy chronicles the story of crown corporation Polymer Corporation, a pivotal player in the Canadian economy as the nation's sole producer of synthetic rubber until it was sold to the German firm A.
The Ontario Northland Transportation Commission may be officially off the selling block, but leadership and government still remain outstanding key issues, says the head of the largest union at the Crown corporation.
 
 
 
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