Crown corporation

American  

[kroun kawr-puh-rey-shuhn] / ˈkraʊn kɔr pəˌreɪ ʃən /

noun

Canadian.

1. a commercial company owned by the government and controlled and partially operated by civil servants.

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Crown corporation British  

noun

1. a corporation owned by the federal or a provincial government

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Etymology

Origin of Crown corporation

First recorded in 1960–65

Example Sentences

The LCBOs scattered through Ontario today - generally well-stocked, clean and some consumers will argue, overpriced - are the product of a nearly century-old decision that gave the Crown corporation control over the distribution and sale of liquor in the province.

From BBC

Canada set up the Growth Fund last year, which is run through the Public Sector Pension Investment Board, a federal Crown corporation.

From Reuters

Air Canada, the country’s flag carrier, was founded as a crown corporation in 1937.

From Washington Post

British Columbia Hydro and Power Authority, a state-owned utilities company, saw back-to-back record-breaking electricity use on Saturday and Sunday, with some local power outages reported across the system, the Provincial Crown corporation said in a news release Monday.

From New York Times

A national survey by Destination Canada, a crown corporation that markets Canada as a tourist destination, found that just 24 percent of people in Quebec somewhat or strongly agreed with welcoming U.S. visitors — and they were the most enthusiastic province.

From Washington Post