Crown corporation

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In Canada, a Crown corporation is a type of organization that is structured like a private corporation, but is directly and wholly owned by the Canadian federal government or a provincial or territorial government. Crown corporations have a long-standing presence in the country, and have a significant economic impact, with commercial operations equivalent to 7% of Canadian GDP. Crown corporations are created to advance government policy objectives. Often they provide services to the public that are not economically viable for a private enterprise, or that do not fit exactly within the scope of any ministry. They represent a form of state-owned enterprise. Crown corporations are established by or under an act of parliament or an act of a provincial legislature. Federal government Crowns report to 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...

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