and Other Corporate
Interests of Canada
“If there is a discrepancy between any printed version and the electronic version of this document, the electronic version will prevail.”
The President’s message
It is with pleasure that I table the 2002 edition of the Annual Report to Parliament on Crown Corporations and Other Corporate Interests of Canada, in accordance with the provisions of the Financial Administration Act.
This report is the principal means by which the Government of Canada informs Parliament and the Canadian public about its corporate holdings. These range from directly held parent Crown corporations to organizations in which the government has only a partial shareholding or right to appoint a member to the board of directors.
During 2001-02, the Crown corporation sector, like the rest of the economy, was affected by a weakening global economy that was exacerbated by the terrorist attacks. In keeping with its commitment to build a stronger economy and provide improved security for Canadians, the government created the new Canadian Air Transport Security Authority, responsible for the provision of several key aviation security services in Canada. The Authority was established through the Canadian Air Transport Security Authority Act, which received Royal Assent on March 27, 2002, as part of Bill C-49, the Budget Implementation Act, 2001.
On April 26, 2002, the government announced that the Blue Water Bridge Authority had become a federal Crown corporation. The Blue Water Bridge Authority owns and operates the Canadian half of the Blue Water Bridge, located between Sarnia, Ontario, and Port Huron, Michigan.
To achieve concrete results for Canadians and improve corporate governance in all Crown corporations, the Prime Minister released new Guidelines for Ministerial Dealings with Crown Corporations on June 11, 2002. The guidelines reinforce the managerial autonomy of Crown corporations and limit direct contact between all members of the Ministry and Crown corporations.