Crown Corporation

(redirected from Provincial 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 ?
Restless and weary employees at Ontario Northland Transportation Commission (ONTC) continue to wait with bated breath for the final decision on the divestiture of the provincial Crown corporation, expected this spring.
ATB Financial was established in 1938 and is a provincial Crown corporation since 1997.
a provincial Crown corporation owns and manages both Open Hearth and the nearby Harbourside park, respectively.
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.
a Canadian affiliate of GE Energy Financial Services) which together led a syndicate of lenders to provide 38-year senior secured credit facilities with tenors corresponding to the three-year construction period and 35-year term of the project's Electricity Purchase Agreement with the British Columbia Hydro and Power Authority, a provincial Crown corporation and one of the largest electric utilities in Canada.
The provincial Crown corporation says SNC was advised of the selection last week and the two sides will soon start final discussions to sign a contract by early 2014.
Transportation Commission (ONTC) are among the recommendations included in a newly completed document prepared by management and workers in an effort to safeguard the provincial Crown corporation from divestiture.
DUBLIN, Ireland -- Openet, a provider of solutions to extract increased value from diverse service provider networks, and ENABIL Solutions, a provider of customer care and billing solutions, today announced an agreement with SaskTel, a provincial Crown Corporation and the leading full service communications company in Saskatchewan.
Previous week, SNC was advised of the selection and the two sides will now start concluding discussions with the contract signing aimed by early 2014, said the provincial Crown Corporation.
The provincial Crown corporation is also among the largest in other communities such as Cocbrane and Englehart.
Notably, it transforms the ATB into a provincial Crown corporation giving the Board and management greater autonomy from Government, and allowing it to remunerate employees at rates comparable to charter banks.

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