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 ?
Alberta Crown Corporation Yes British Government Agency No Columbia Manitoba Crown Corporation No Nanavut Government Agency No New Crown Corporation Yes Brunswick Newfoundland-- Crown Corporation Yes Labrador Northwest Government Agency No Territories Nova Scotia Crown Corporation No Ontario Crown Corporation No Prince Edward Crown Corporation Yes Island Quebec Crown Corporation No Saskatchewan Crown Corporation Yes Yukon Crown Corporation No PROVINCE/ IMPORTANT TERRITORY INFORMATION Alberta Retail stores were privatized in 1993, and wholesale operations are contracted.
As a crown corporation with Agent status, BDC can bind the crown
The provincial Crown corporation has already completed two phases of this procurement call.
As part of the ongoing investigation into certain individuals previously associated with Crown Corporation Ltd, now Langbar International under new management, the SFO obtained collaboration from the Cuerpo Nacional de Policia and a mutual legal assistance procedure to undertake searches, arrests and interviews.
Another, more pessimistic interpretation would be that Saskatchewan's low provincial business growth rate has made it possible for a Crown corporation and several co-operatives to place in the region's next wave, while regions with higher overall growth rates might be expected to see fewer alternate sector firms among their growth leaders.
The Standards Council of Canada is the federal Crown Corporation that oversees the National Standards System Program for accreditation and has accredited over 240 laboratories in a variety of general testing and specialty areas.
The first step was outlined in the speech from the throne in 1965 and proposed that a Crown corporation be established with the responsibly of administering a $10-million revolving fund.
Because we are a crown corporation, we probably have stricter journalistic guidelines and principles than other media organizations in Canada," says Glenn Lemchuk, CBC communication officer for the Saskatchewan region.
Export Development Canada, a crown corporation of Canada, provides financing, insurance and bonding solutions to Canadian companies that export goods and services or invest in other countries.
The top rating is predicated on EDC's full state ownership and status as an agent Crown corporation as well as the provision that EDC's borrowings constitute a direct obligation of the government, the rating service said.
The Crown corporation has created the Aboriginal Youth Lending Circle program to support youth entrepreneurship in high schools.