The Canada Development Corporation
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 17 Feb 1972, p. 244-262
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The Canada Development Corporation


The Canada Development Corporation and some background as to its origins in the mid-1950s. Walter Gordon's Royal Commission on Canada's Economic Prospects. The issue of non-resident ownership and control of the Canadian economy. Changes in Canada's trade and balance of payments. The growth of exports vs. imports. Demand for Canada's natural resources. The Automotive pact. The legislative act governing the CDC and an analysis of it. Second mandate of the CDC: To operate in anticipation of profit. Size of the CDC. Six areas of concentration for the CDC: oil and gas; health care; the petrochemical-related industries; mining; pipeline and related northern transportation; venture capital. CDC launched by government but designed to be run by independent directors for the benefit of shareholders. 90% of shareholders to be Canadian private citizens.