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Business Development Bank Of Canada Act
The Business Development Bank of Canada (BDC; french: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises. Founded in 1944, its corporate headquarters is located in Montreal and it has more than 123 business centres working with 60,000 clients.BDC Annual Report, 2017
Retrieved 2018-01-23
BDC's obligations, secured by the Government of Canada, are issued to



Crown Corporations Of Canada
Crown corporations in Canada are government organizations with a mixture of commercial and public-policy objectives.Tupper, Allan. 2006 February 7.Crown Corporation" ''The Canadian Encyclopedia'' (last edited 2021 March 18). Retrieved 2021 May 19. They are directly and wholly owned by the Crown (i.e. the government of Canada or a province). Crown corporations represent a specific form of state-owned enterprise. Each corporation is ultimately accountable to (federal or provincial) Parliament through a relevant minister for the conduct of its affairs. They are established by an Act of Parliament and report to that body via the relevant minister in Cabinet, though they are "shielded from constant government intervention and legislative oversight" and thus "generally enjoy greater freedom from direct political control than government departments." Crown corporations are distinct from "departmental corporations" such as the Canada Revenue Agency. Crown corporations have a long-st ...
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Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited the Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest, for more than 10,000 years. After the broadly disputed Toronto Purchase, when the Mississauga surrendered the area to the British Crown, the British established the town of York in 1793 and later designat ...
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Canopy Labs
Canopy Labs is a customer analytics company headquartered in Toronto, Ontario, Canada with offices in San Francisco. It was founded in 2012 and offers SaaS marketing analytics for businesses and organizations.Ha, AnthonyY Combinator-Backed Canopy Labs Unveils A Self-Serve Approach To Customer ModelingTechCrunch. August 7, 2012.TechvibesCanadian Startup Canopy Labs Reaches Milestone, Launches New WebsiteTechvibes. May 31, 2013. The company is an alumnus of the Y Combinator accelerator program. Canopy Labs was acquired by Drop. History Canopy Labs was founded in 2012 in Thornhill, Ontario by Wojciech Gryc and Jorge Escobedo.Acharya-Tom Yew, MadhaviThornhill start-up Canopy Labs raises $1.5 million in venture capital fundingThe Toronto Star. December 12, 2012. Gryc is a Loran Scholar, Rhodes Scholar and former McKinsey consultant, and Escobedo is a former PhD researcher at the Perimeter Institute and University of Waterloo.Dobby, ChristineStartup Roundup: Canopy Labs raises $1.5M ...
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GradeSlam
Paper is an educational technology company that partners with schools and school districts to provide students with free, unlimited, 24/7 tutoring. The platform has more than two million users across the United States. The company is headquartered in Montreal, Quebec and has operations across North America. History Originally named GradeSlam, Paper was founded in 2014 by McGill University graduates Philip Cutler and Roberto Cipriani. Cutler, a former teacher and tutor, recognized that many of his students were seeking additional support through tutors or homework help programs. These services were reserved for the wealthiest of families, with hardly any options available for the general student population. He felt that education should be focused on access and equality, so he left teaching to start the company with a mission to deliver true educational equity and level the playing field for all students. Seed Financing In August 2016, the company announced that it raised $1.6 ...
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Minister Of Industry
The industry minister is a cabinet position in a government. The title may refer to the head of the governmental department that specializes in industry. This position may also be responsible for trade and employment, areas that fall under the ministries of commerce and labour in some governments. Depending on the country, the industry minister may have a wide range of responsibilities that could include making decisions regarding utilities and electricity production, presiding over business mergers, and lobbying corporations to build facilities in his or her respective country. In the United States, industry is the responsibility of the Secretary of Commerce, with an Under Secretary of Commerce for Industry and Security specifically tasked with executing policy regarding industry. In the United Kingdom, the minister of industry is called the Secretary of State for Business, Innovation and Skills, and bears the secondary title President of the Board of Trade. Country-related artic ...
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Financial Institutions
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Business Development Bank Of Canada Act
The Business Development Bank of Canada (BDC; french: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises. Founded in 1944, its corporate headquarters is located in Montreal and it has more than 123 business centres working with 60,000 clients.BDC Annual Report, 2017
Retrieved 2018-01-23
BDC's obligations, secured by the Government of Canada, are issued to

Lender Of Last Resort
A lender of last resort (LOLR) is the institution in a financial system that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facilities or such sources have been exhausted. It is, in effect, a government guarantee to provide liquidity to financial institutions. Since the beginning of the 20th century, most central banks have been providers of lender of last resort facilities, and their functions usually also include ensuring liquidity in the financial market in general. The objective is to prevent economic disruption as a result of financial panics and bank runs spreading from one bank to the others due to a lack of liquidity in the first one. There are varying definitions of a lender of last resort, but a comprehensive one is that it is "the discretionary provision of liquidity to a financial institution (or the market as a whole) by the central bank in reaction ...
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