Encyclopedia > Business Development Bank of Canada
The Business Development Bank of Canada is a crown corporationfinancialinstitution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting. In Commonwealth countries a Crown corporation is a state-controlled company or enterprise (a public corporation). ... Finance addresses the ways in which individuals, business entities and other organizations allocate and use monetary resources over time. ... Institutions are structures and mechanisms of social order and cooperation governing the behavior of two or more individuals. ... Look up Leadership in Wiktionary, the free dictionary. ... Management consulting (sometimes also called strategy consulting) refers to both the practice of helping companies to improve performance through analysis of existing business problems and development of future plans, as well as to the firms that specialize in this sort of consulting. ... A small business may be defined as a business with a small number of employees. ... By the mid 20th century humans had achieved a mastery of technology sufficient to leave the surface of the Earth for the first time and explore space. ...
BDC's debt obligations, secured by the Government of Canada, are issued to the public and private sector institutions. For other uses, see Debt (disambiguation). ... < [[[[math>Insert formula here</math>The public sector is that part of economic and administrative life that deals with the delivery of goods and services by and for the [[government </math></math></math></math> Direct administration funded through taxation; the delivering organisation generally has no specific requirement to meet commercial... The private sector of a nations economy consists of all that is outside the state. ...
History
BDC started as the Industrial Development Bank (IDB) in 1944:
1952-1964 - Amendments to the IDB Act 1944
1964-1974 - diversification of services: counselling, training and planning for small business owners
1975 - Federal Business Development Bank replaces the IDB
1983 - Investment Banking Division created
1995 - revision of Business Development Bank of Canada Act and new name - BDC
Services
The following are services provided by the BDC:
financial services
consulting services
subordinate financing
venture capital
External links
Business Development Bank of Canada Official Website
Canadian Department of Justice - Business Development Bank of Canada Act text
The BusinessDevelopmentBank of Canada is a crown corporation financialinstitution wholly owned by the Government of Canada.
BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.
The bank's symbol is a golden lion clutching a globe, on a blue background.
In the November 22-December 5, 2004 issue of Canadian Business magazine, the Royal Bank of Canada was ranked the most valuable Canadian brand, with an estimated value of C$4.4 billion.
The Union Bank of Halifax was granted a charter by the government of Canada in 1856 and established its head office at the corner of Hollis and Prince Streets in the port city of Halifax, Nova Scotia.
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