Crown corporations of Canada in the context of "Bank of Canada"

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⭐ Core Definition: Crown corporations of Canada

In Canada, a Crown corporation (French: Société de l'État) is a type of organization that is structured like a private corporation, but is directly and wholly owned by the Canadian federal government or a provincial government. Crown corporations have a long-standing presence in the country, and have a significant economic impact, with commercial operations equivalent to 7% of Canadian GDP.

Crown corporations are created to advance government policy objectives. Often they provide services to the public that are not economically viable for a private enterprise, or that do not fit exactly within the scope of any ministry. They represent a form of state-owned enterprise.

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👉 Crown corporations of Canada in the context of Bank of Canada

The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money management for the government, and loans money to Canadian financial institutions. The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935.

The Bank of Canada headquarters are located at the Bank of Canada Building, 234 Wellington Street in Ottawa, Ontario. The building also used to house the Bank of Canada Museum, which opened in December 1980 and temporarily closed in 2013. As of July 2017, the museum is now located at 30 Bank Street, Ottawa, Ontario, but is connected to the main buildings through the Bank of Canada's underground meeting rooms.

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Crown corporations of Canada in the context of Intercolonial Railway of Canada

The Intercolonial Railway of Canada (reporting mark IRC), also referred to as the Intercolonial Railway (ICR), was a historic Canadian railway that operated from 1872 to 1918, when it became part of Canadian National Railways. As the railway was also completely owned and controlled by the Government of Canada, the Intercolonial was also one of Canada's first Crown corporations.

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Crown corporations of Canada in the context of Hydro-Québec

Hydro-Québec (French pronunciation: [idʁo kebɛk]) is a Canadian Crown corporation public utility headquartered in Montreal, Quebec. It manages the generation, transmission and distribution of electricity in Quebec, as well as the export of power to portions of the Northeast United States. More than 40 percent of Canada's water resources are in Quebec, and Hydro-Québec is one of the largest hydropower producers in the world.

It was established as a Crown corporation by the government of Quebec in 1944 from the expropriation of private firms. This was followed by massive investment in hydro-electric projects like the James Bay Project. Today, with 63 hydroelectric power stations, the combined output capacity is 37,370 megawatts. Extra power is exported from the province and Hydro-Québec supplies 10 per cent of New England's power requirements. The company logo, a stylized "Q" fashioned out of a circle and a lightning bolt, was designed by Montreal-based design agency Gagnon/Valkus in 1960.

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Crown corporations of Canada in the context of Metrolinx

Metrolinx is a transportation agency in Ontario, Canada. It is a Crown agency that manages and integrates road and public transportation in the Greater Toronto and Hamilton Area (GTHA). It was created as the Greater Toronto Transportation Authority on June 22, 2006, and adopted its present name as a brand name in 2007 and eventually as the legal name in 2009. It is headquartered at Union Station in Toronto.

Metrolinx serves as the central procurement agency on behalf of Ontario municipalities for local transit vehicles, equipment and services. It is also responsible for operating the GO Transit system, the Presto card used across the GTHA and by OC Transpo in Ottawa and the Union Pearson Express airport rail link to Toronto Pearson International Airport.

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Crown corporations of Canada in the context of Supply management (Canada)

Canada's supply management (French: Gestion de l'offre), abbreviated SM, is a national agricultural policy framework used across the country, which controls the supply of dairy, poultry and eggs through production and import mechanisms to ensure that prices for supply-managed farmers are both stable and predictable. The supply management system was authorized by the 1972 Farm Products Agencies Act, which established the two national agencies that oversee the system. The Agriculture and Agri-Food Canada federal department is responsible for both the Canadian Dairy Commission and its analogue for eggs, chicken and turkey products, the Farm Products Council of Canada. Five national supply management organizations, the SM-5 Organizations — Egg Farmers of Canada (EFC), Turkey Farmers of Canada (TFC), Chicken Farmers of Canada (CFC), the Canadian Hatching Egg Producers (CHEP) and the Ottawa-based Canadian Dairy Commission (CDC), a Crown corporation — in collaboration with provincial and national governing agencies, organizations and committees, administer the supply management system.

In the dairy industry, the supply management system implements the federated provincial policy through the Canadian Milk Supply Management Committee (CMSMC), CDC, three regional milk poolsNewfoundland's, the five eastern provinces (P5) and the four western provinces — and provincial milk marketing boards. Since 1970, the CMSMC has set the yearly national industrial raw milk production quota or Market Sharing Quota (MSQ) and the MSQ share for each province to ensure Canada to match production with domestic need and to remain self-sufficient in milk fat. Each province allocates MSQs to individual dairy farmers. In 2017, there were 16,351 dairy, poultry and eggs farms under supply management.

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Crown corporations of Canada in the context of Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation (CMHC; French: Société canadienne d'hypothèques et de logement, SCHL) is Canada's federal crown corporation responsible for administering the National Housing Act, with the mandate to improve housing and living conditions in the country.

Originally established after World War II to help returning war veterans find housing, it has since seen its mandate expand to the mandate of improving access to housing overall.

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