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.
References in periodicals archive ?
We are committed to ensuring our Crown corporations comply with trade agreements and recognize there is room within those agreements for Crowns to source regional solutions, SaskBuilds Minister Gordon Wyant said.
Wellington Financial's capital comes from Canadian pension funds, life insurance companies and a AAA-rated Crown Corporation owned by the Canadian government; the firm does not use additional bank warehouse lines to lever its loan portfolio.
There just was not room in the cabinet for two powerful ministers who use their leverage on Crown corporations to procure benefits for shady associates.
Multi-Year Contract Expanded into All Levels of Canadian Federal Government, Including Departments, Agencies and Crown Corporations
The flagship of the province's Crown corporations, Ontario Hydro, must set a new course before the many leaks on board cause it to sink, observe its critics.
We believe it is imperative that Canadians have confidence in how Crown corporations operate and use their hard-earned money, said Minister Ambrose.
Among the items targetted for examination after the current agreement is finalized are beer, wine and liquor, as well as procurements made by Crown corporations.
Valued customers include major developers, general contractors and electrical contractors, hospitals, Crown Corporations, police agencies and retail facilities.
John Manley held several senior portfolios in the Canadian federal government under former Prime Minister Jean Chretien including: Finance Minister; Minister of Industry, Minister of Foreign Affairs; Political Minister for Ontario; Chairman of the Cabinet Committees on Economic Union and Social Union; and the Minister for Infrastructure and Crown Corporations.
He guided Cameco from a company created by the merger of two government crown corporations, through listings on the Toronto and New York stock exchanges to its current position as the market leader in the global uranium business, as a participant in the production of nuclear electricity and as a successful gold producer.
Discover Training's Canadian clients are found in all sectors, including private businesses, Crown corporations, and governmental institutions.
This DISO agreement, number E60ET-9-0030/001/ET, allows the Canadian Federal Government, departments, agencies, departmental and crown corporations to procure Commercial Off the Shelf Software (COTS) products through December 31, 2001.