Type | Crown Corporation |
---|---|
Industry | Investments |
Founded | 1989 |
Headquarters | Regina, Saskatchewan, Canada |
Products | Investment |
Website | SGGFMC |
Saskatchewan Government Growth Fund Management Corporation was a crown corporation established by the Government of Saskatchewan in Canada to provide immigrants with an investment option under the federal Immigrant Investor Program (IIP). From 1989 (when the fund was established) until 1999 (when the IIP was discontinued) the fund raised over $275 million in investments. On April 1, 2009, the corporation was wound down and responsibility transferred to Crown Investments Corporation. [1]
The Saskatchewan Party is a centre-right political party in the Canadian province of Saskatchewan. Since 2007, it has been the province's governing party; both the party and the province are currently led by Premier Scott Moe. The party was established in 1997 by a coalition of former provincial Progressive Conservative and Liberal party members and supporters who sought to remove the Saskatchewan New Democratic Party (NDP) from power.
Saskatchewan Government Insurance (SGI) is a Canadian insurance company and a Crown corporation wholly owned by the Government of Saskatchewan. SGI's operations consist of the Saskatchewan Auto Fund, the compulsory public auto insurance program for Saskatchewan, and its property and casualty insurance division sells additional automobile and property insurance products in five Canadian provinces under the trade name SGI Canada.
Citytv Saskatchewan is a Canadian English language cable television channel in the province of Saskatchewan. Headquartered in the provincial capital of Regina, the channel is owned by the Rogers Sports & Media subsidiary of Rogers Communications and operates as a de facto owned-and-operated station of its Citytv television network. Its studios are shared with CBC's Regina studios on 2440 Broad Street in Downtown Regina.
Eldorado Resources was a Canadian mining company active between 1926 and 1988. The company was originally established by brothers Charles and Gilbert LaBine as a gold mining enterprise in 1926, but transitioned to focus on radium in the 1930s and uranium beginning in the 1940s. The company was nationalized into a Crown corporation in 1943 when the Canadian federal government purchased share control. Eldorado Resources was merged with the Saskatchewan Mining Development Corporation in 1988 and the resulting entity was privatized as Cameco Corporation. The remediation of some mining sites and low-level nuclear waste continue to be overseen by the Government of Canada through Canada Eldor Inc., a subsidiary of the Canada Development Investment Corporation.
Saskatchewan Telecommunications Holding Corporation, operating as SaskTel, is a Canadian crown-owned telecommunications firm based in the province of Saskatchewan. Owned by the provincial government, it provides wireline and wireless communications services, including landline telephone, mobile networks, broadband internet, IPTV, and security services. Through a subsidiary, SaskTel International, the company has also worked on telecom infrastructure projects in countries such as Argentina and the Bahamas, as well as being the lead implementation company for the communication and control systems of the Channel Tunnel between England and France.
The Potash Corporation of Saskatchewan, also known as PotashCorp, was a company based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018.
The net international investment position (NIIP) is the difference between the external financial assets and liabilities of a country. External debt of a country includes government debt and private debt. External assets publicly and privately held by a country's legal residents are also taken into account when calculating NIIP. Commodities and currencies tend to follow a cyclical pattern of significant valuation changes, which is also reflected in NIIP.
The Saskatchewan Transportation Company (STC) was a Crown corporation in the Canadian province of Saskatchewan responsible for operating intercity bus routes in the province from 1946 to 2017. Created in 1946 by an Order in Council giving the company a mandate to provide service between major urban centres and to as much of the rural population as possible, STC was a wholly owned subsidiary of the Crown Investments Corporation of Saskatchewan.
The Alberta Heritage Savings Trust Fund (HSTF) is a sovereign wealth fund established in 1976 by the Government of Alberta under then-Premier Peter Lougheed. The Heritage Savings Trust Fund was created with three objectives: "to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans." The operations of the Heritage Savings Trust Fund are subject to the Alberta Heritage Savings Trust Fund Act and with the goal of providing "prudent stewardship of the savings from Alberta's non-renewable resources by providing the greatest financial returns on those savings for current and future generations of Albertans." Between 1976-1983 the Government of Alberta deposited a portion of oil revenue into the Heritage Savings Trust Fund used oil revenues to invest for the long term in such areas as health care, education and research and as a way of ensuring that the exploitation of non-renewable resources would be of long-term benefit to Alberta. The strategy and goals of the fund have changed through successive provincial governments which moved away from direct investments in Alberta to a diversified approach, which now includes stocks, bonds, real estate and other ventures.
Don McMorris is a Canadian provincial politician, in the province of Saskatchewan. He is the Saskatchewan Party member of the Legislative Assembly of Saskatchewan for the constituency of Indian Head-Milestone, a position he has held since the 1999 provincial election when he was elected as a member of the Saskatchewan Party. A former Minister of Health, he was the Deputy Premier and Minister of Crown Investments in the Saskatchewan provincial government.
Canadian Crown corporations are corporations wholly owned by the Crown and most are agents of the Crown with each ultimately accountable, through a relevant minister, to Parliament for the conduct of its affairs. As a result, Crown corporations represent more broadly a specific form of state-owned enterprise owned by the Sovereign of Canada. 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."
The Canada Pension Plan Investment Board, operating as CPP Investments, is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP).
Crown Investments Corporation is the holding company used by the Government of Saskatchewan to manage its financial and commercial Crown Corporations as well as its minority holdings in private-sector ventures.
Investment Saskatchewan Inc. is a Crown corporation owned by the Government of Saskatchewan that invests in Saskatchewan companies. Investments are a minimum of $3M CDN. The investments are managed through a private sector venture capital investment company called Victoria Park Capital Inc.
Saskatchewan Oil & Gas Corporation, also known as SaskOil, was a Canadian Crown corporation owned by the Government of Saskatchewan from 1973-1986, after which the company went public under the name Wascana Energy Inc. In 1987, the last remaining government interest in the corporation was sold to Canadian Occidental Petroleum and in 1997 it was bought entirely by Canadian Occidental.
Saskatchewan Development Fund Corporation is a crown corporation established by the Government of Saskatchewan in Canada to provide residents with a low risk investment fund. Established in 1973, shares were sold to the general public in Saskatchewan until 1983.The fund continues to operate, however new shares are not offered for sale. The fund had also offered RRSP, Deferred Profit Sharing Plans and term-certain annuities. By 1982, the combined fund reached a value of $42 million; since that point the board has concentrated on the remaining clients and on the orderly wind-down of the fund; by 2007, the funds assets were reduced down to $3.2 million. The development fund act was repealed in 2013.
The New West Partnership is set of agreements that economically integrate the Canadian provinces of Alberta, British Columbia, Saskatchewan and Manitoba. They were created on April 30, 2010.
Saskatchewan Grain Car Corporation is a Canadian crown corporation owned by the Government of Saskatchewan established on October 2, 1979 to purchase and rent grain rail cars for the transportation of statutory grains between Saskatchewan and export ports. The board of directors is currently composed of Dave Marit and Lyle Stewart. The corporation is governed by the Saskatchewan Grain Car Corporation Act. In 1990 the government investment $55M in the corporation for the purchase of 1,000 new covered rail cars. Priority in the rental of rail cars is given to short-line operators in the province
Saskatchewan Housing Corporation (SHC) is a crown corporation owned by the Government of Saskatchewan, founded in 1978, to fund social housing, provide grants and other incentives for low-income and rental housing development within the province. In 2010, SHC supported 23,500 social and affordable rental housing units and an addition 5,400 special-purpose housing units. The corporation primarily executes its mandate by funding programs and initiatives undertaken by 450 local community organizations, mostly local municipal housing authorities. Corporation staffing functions are primarily provided by the Ministry of Social Services under contract to the corporation.
Warren Kaeding is a Canadian politician, who was elected to the Legislative Assembly of Saskatchewan in the 2016 provincial election. He represents the electoral district of Melville-Saltcoats as a member of the Saskatchewan Party.