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Appropriate Minister
The Honourable Ralph E. Goodale, P.C., M.P.
Minister of Finance
Governor
David A. Dodge
Head Office
234 Wellington Street
Ottawa ON
K1A 0G9
Telephone: 1-800-303-1282
Facsimile: (613) 782-7713
Web site:
www.bank-banque-canada.ca
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Auditors
Ernst & Young LLP
Deloitte & Touche LLP
Incorporation and Status
1934 by the Bank of Canada Act (R.S.C. 1985, c. B-2); acts as
the fiscal agent of the Government of Canada; exempt from Divisions I to
IV of Part X of the Financial Administration Act.
Mandate
To formulate and implement monetary policy in Canada; and to act as the
government's fiscal agent. The Bank has the sole right to issue paper
currency for circulation in Canada.
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Corporate Profile
The Bank of Canada promotes Canada's economic and financial well-being. Its
five primary functions are:
- Monetary policy: The objective of monetary policy
is to promote solid economic performance and higher living standards for
Canadians by keeping inflation low, stable, and predictable.
- Currency: The Bank is responsible for the design,
production, and distribution of paper currency - bank notes. It must ensure that
there is a sufficient supply of bank notes and that those notes are secure
against counterfeiting.
- Financial System: The objective of this function is
to promote the safe and efficient operation of the financial system. The Bank
helps Canada's payments system function smoothly, keeping accounts for the
country's largest deposit-taking institutions.
- Funds Management: The Bank of Canada is the federal
government's fiscal agent. It acts as banker and manager for Canada's debt and
reserves, and manages the government's exposure to financial risks.
- Retail Debt Services: The Bank ensures that all
holders of Canada Savings Bonds, Canada Premium Bonds, and Canada Investment
Bonds have their information registered and their accounts serviced through
efficient operations and systems support.
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Appropriate Minister
The Honourable Ralph E. Goodale, P.C., M.P.
Minister of Finance
Chairperson
Ronald N. Robertson
President and Chief Executive Officer
Guy L. Saint-Pierre
Head Office
17th Floor
50 O'Connor Street
PO Box 2340, Station D
Ottawa ON
K1P 5W5
Telephone: (613) 996-2081
Facsimile: (613) 996-6095
Web site: www.cdic.ca
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Auditor
Auditor General of Canada
Incorporation and Status
1967 by the Canada Deposit Insurance Corporation Act (R.S.C.
1985, c. C-3; R.S.C. 1985, c. 18 (2nd Supp.); R.S.C. 1985, c.
18 (3rd Supp.); S.C. 1991, c. 45; S.C. 1992, c.c. 1, 26, 27;
S.C. 1993, c. 34; S.C. 1996, c. 6; S.C. 1997, c. 15; S.C. 1999, c.c. 28,
31; S.C. 2001, c. 9); Schedule III, Part I of the Financial
Administration Act; an agent of Her Majesty.
Mandate
To provide insurance for eligible deposits with member institutions; to
promote and otherwise contribute to the stability of the Canadian
financial system; and to pursue the foregoing for the benefit of
depositors and in such a manner as will minimize CDIC's exposure to loss.
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Corporate Profile
In providing deposit insurance, the Canada Deposit Insurance Corporation
(CDIC) undertakes a wide range of initiatives to increase understanding of
deposit insurance, to assess and manage the risks of insuring deposits in
collaboration with regulators, to manage relationships with federal and
provincial governments, member institutions and their associations, and other
interested parties, to keep abreast of economic and policy issues, and to
minimize the cost of deposit insurance. The primary functions of CDIC involve
insurance and risk management, claims and recoveries, and depositor
communications and awareness.
At March 31, 2005, CDIC had 81 member institutions, 5 less than the previous
year.
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Appropriate Minister
The Honourable Ralph E. Goodale, P.C., M.P.
Minister of Finance
Chairperson
Donald McQ. Shaver
Head Office
L'Esplanade Laurier
PO Box 71058
Ottawa ON
K2P 2L9
Telephone: (613) 943-9391
Facsimile: (613) 943-9390
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Auditors
Auditor General of Canada
KPMG LLP
Incorporation and Status
1982 under the Canada Business Corporations Act. Articles of
incorporation, May 26, 1982; Schedule III, Part II of the Financial
Administration Act; an agent of Her Majesty.
Mandate
To manage Crown corporations and investments assigned to it, and to
privatize its holdings when appropriate. In January 1995, the government
completed an assessment of the Corporation's future role. As a result, the
Corporation's current mandate is to wind down its operations by divesting
its remaining assets in an orderly fashion and to ready the Corporation
for eventual windup.
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Corporate Profile
The Canada Development Investment Corporation (CDIC) manages two wholly owned
subsidiaries: Canada Eldor Inc. and Canada Hibernia Holding Corporation. The
latter manages the federal government's 8.5-per-cent interest in the Hibernia
Oil and Gas Offshore Development Project.
CDIC also administers outstanding issues pursuant to prior divestitures,
including the sale of the operating assets of Canada Eldor Inc. (CEI) to Cameco
Corporation (Cameco). These issues, include certain waste contingencies and
outstanding litigation.
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Appropriate Minister
The Honourable Ralph E. Goodale, P.C., M.P.
Minister of Finance
Chairperson
Gail Cook-Bennett
President and Chief Executive Officer
David F. Denison
Head Office
Suite 2700
One Queen Street East
Toronto ON
M5C 2W5
Telephone: (416) 868-4075
Facsimile: (416) 868-4083
Web site: http://www.cppib.ca/index_en.html
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Auditor
Deloitte & Touche LLP
Incorporation and Status
1998 by the Canada Pension Plan Investment Board Act (S.C.
1997, c. 40); exempt from Divisions I to IV of Part X of the Financial
Administration Act; not an agent of Her Majesty.
Mandate
To invest the Canada Pension Plan (CPP) assests with a view to
achieving a maximum rate of return, without undue risk of loss, having
regard to the factors that may affect the funding of the Canada Pension
Plan and the ability of the Canada Pension Plan to meet its financial
obligations on any given business day.
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Corporate Profile
The role of the CPP Investment Board is to invest the funds not needed by the
Canada Pension Plan to pay current pensions. Cash flows are currently invested
in equities and real return assets, including real estate and infrastructure, to
balance the cash and bonds owned by the Canada Pension Plan. By increasing the
long-term value of funds, the CPP Investment Board will help the Canada Pension
Plan to keep its pension promise to 16 million Canadians.
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