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 ?
In 2017-18, regulatory modernization efforts across Saskatchewan were forecast to achieve $132.9 million in savings over the next 10 yearsacross government and Crown corporations.
Stevens says consultant Roy Haines, the ONTC's executive vice-president of operations and service improvement, who was appointed by the previous Tory government to divest Ontario Northland as a Crown corporation, should be dismissed.
Stevens believed the consultant, Roy Hains, hired to run the Crown corporation, is waiting for clear direction from the government of the day on its intentions for the railway.
The association is a council of seven unions representing 800 ONTC workers, whose internal solutions group submitted its business plan to the Crown corporation's board of directors last fall.
The Crown corporation will begin hiring the technical expertise it requires to move quickly on high-speed internet, as well as additional resources to support its expanded mandate.
Spectrum Aviation was in the second year of a five-year lease with ONTC with an option to purchase, which is what they were negotiating with the provincial Crown corporation when they folded shop, according to Stuart Kidd, ONTC's manager of corporate realty.
CannTrust Holdings has received a notice from the Ontario Cannabis Store, the Crown corporation in charge of wholesale distribution of cannabis products to licensed cannabis retailers in Ontario and the operator of Ontario's online recreational cannabis store, advising the company that the OCS has determined certain of the company's products sold to the OCS are Non-Conforming Products under the terms of the Master Cannabis Supply Agreement between the company and the OCS and that the OCS has elected to return these products to the company.
The Ontario Cannabis Store is the government-run crown corporation that oversees wholesale distribution of cannabis products to licensed retailers in the province.
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins.
Bill 17, Cannabis Management Corporation Act introduced by Finance Minister Cathy Rogers, creates the Cannabis Management Corporation, a Crown corporation charged with the management and control of retail sales of recreational cannabis.
It's former Crown corporation Canadian National (CN).
Following its change in 2001 from a commission to a Canadian Crown corporation, the retailer standardized its warehouse's lift truck fleet.