The Business Development Bank of Canada (BDC) (French: Banque de Devéloppement du Canada) is a federal Crown corporation wholly owned by the Government of Canada. Its mandate is to help create and develop Canadian businesses through financing, subordinate financing, venture capital and consulting services, with a focus on small and medium-sized enterprises.
The bank was founded in 1944 and its corporate headquarters is located in Montreal. BDC has more than 100 business centres across Canada and serves about 28,000 clients .
BDC's debt obligations, secured by the Government of Canada, are issued to the public and private sector institutions.
Read more about Business Development Bank Of Canada: History, Services, Corporate Governance, Events and Competitions Organized By BDC, Recognitions
Famous quotes containing the words business, development, bank and/or canada:
“It doesn’t make any difference to me what a man does for a living, you understand. But your business is a little dangerous.”
—Mario Puzo (b. 1920)
“Dissonance between family and school, therefore, is not only inevitable in a changing society; it also helps to make children more malleable and responsive to a changing world. By the same token, one could say that absolute homogeneity between family and school would reflect a static, authoritarian society and discourage creative, adaptive development in children.”
—Sara Lawrence Lightfoot (20th century)
“The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year’s seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.”
—Rose Wilder Lane (1886–1968)
“Canadians look down on the United States and consider it Hell. They are right to do so. Canada is to the United States what, in Dante’s scheme, Limbo is to Hell.”
—Irving Layton (b. 1912)