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Crown corporations (French: Société de la Couronne) [1] are government organizations in Canada with a mixture of commercial and public-policy objectives. [2] [3] They are directly and wholly owned by the Crown (i.e. the government of Canada or a province). [2] Crown corporations represent a specific form of state-owned enterprise.
In Canada, state-owned corporations are referred to as Crown corporations, indicating that an organization is established by law, owned by the sovereign (either in right of Canada or a province), and overseen by parliament and cabinet. Examples of federal Crown corporations include: the Canadian Broadcasting Corporation; Canada Post; Bank of Canada
Crown Holdings, Inc., formerly Crown Cork & Seal Company, is an American company that makes metal beverage and food cans, metal aerosol containers, metal closures and specialty packing. Founded in 1892, it is headquartered in Tampa, Florida. [2] As of their annual report for 2020, Crown employs 33,264 people at 192 plants in 39 countries. [2]
The Royal Canadian Mint is a Crown corporation and operates under the Royal Canadian Mint Act. In serving the public's interest, a Crown corporation has greater managerial independence than other government entities, meaning it may operate in a commercial manner.
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ATT and UnitedHealth, both multi-billion-dollar corporations, are so inattentive to data security that millions of Americans have been harmed by breaches
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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.