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$23.6 billion
- BDC’s services will add an estimated $23.6 billion in GDP to Canada’s economy over the next five years, while supporting 37,700 jobs.
www.bdc.ca/en/about/mediaroom/news-releases/record-loans-and-clients-served-in-fiscal-2024-bdc-annual-reportsRecord loans and clients served in fiscal 2024: BDC Annual ...
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We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. We help create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.
- 5 Place Ville Marie, Ground floor, Montreal, H3B 5E7, QC
- info@bdc.ca
BDC supports businesses with loans, consulting services and capital for growth and transition projects. Learn more about who we are and what we do.
BDC is financially self-sustaining. [8] Since 1998, it has been profitable and paid a total of more than $746 million in dividends to its sole shareholder, the Government of Canada. [9] On June 8, 2022, BDC’s Board of Director authorized the repurchase of $5.0 billion of its common shares.
- BDC’s Mandate
- BDC’s Challenges, Issues and Initiatives
- BDC’s Board of Directors - Roles and Responsibilities
- Board of Directors - CORE Attributes and Competencies
- Specific Skills, Knowledge and Experience
- Representation
- Working Conditions
BDC is “Canada’s development bank” and a financial Crown corporation wholly-owned by the Government of Canada. For more than 60 years, BDC has been the only financial institution solely dedicated to the development of Canadian small and medium-sized enterprises (SMEs). As set out in BDC’s legislation, the purpose of the Bank is to support Canadian ...
BDC is dedicated to serving the needs of SMEs. As part of its public policy mandate, BDC must be a complementary lender in the market. BDC also has a commercial mandate and must operate as a commercial entity. To ensure that BDC operates on a commercial basis, it is required to earn a return at least equal to the Government’s average long-term cost...
The Board of Directors is responsible for providing direction and guidance to senior management respecting the business, the activities and other affairs of BDC. As steward of the corporation, the Board: 1. Approves BDC’s strategic direction and corporate plan; 2. Ensures the integrity of the financial statements, projections, and audit results; 3....
To operate effectively the Board of Directors requires members who, individually and collectively, possess core attributes and competencies. These include:
In addition to the core attributes and competencies discussed above, BDCas a large and sophisticated financial institution requires Board members who individually and collectively, bring specific skills , knowledge and experience. These include:
In addition to representation in terms of commercial sector and experience (as outlined in the preceding sections), the membership of BDC’s Board should represent the geographical regions of Canada and maintain gender and cultural representation, as should efforts should be taken to ensure that the Board represents the diversity of Canada’s populat...
Appointment to BDC’s Board of Directors involves a significant commitment of time, as well as a sharing of expertise to further BDC’s objectives and work towards fulfillment of its mandate. The work of the Board is divided into five committees*: Audit, Credit Investment and Risk, Governance and Nominating, Human Resources and Pension Funds Investme...
The Business Development Bank of Canada (BDC) is a Crown corporation created by Parliament and wholly owned by the Government of Canada. It reports to Parliament through the Minister of Industry. BDC fulfills its mandate by providing financing, venture capital and consulting services to entrepreneurs.
In response to high and broad-based inflation, the Bank of Canada raised its policy interest rate seven times for a total increase of 4% and conducted quantitative tightening in 2022. By year-end, growth in the Canadian economy had moderated and inflation had fallen to 6.3%, down from its 8.1% peak in June 2022. 13.
