June 3, 2026
CEEFC supports C.A.T. North America through Large Enterprise Tariff Loan facility
Financing supports major Canadian employer, protects jobs and supply chains amid Canada-U.S. trade disruption
Toronto, June 3, 2026 – Canada Enterprise Emergency Funding Corporation (CEEFC), a subsidiary of Canada Development Investment Corporation (CDEV), announced it is providing a loan commitment of up to $90 million to C.A.T. North America Inc. (C.A.T.) under the Large Enterprise Tariff Loan (LETL) facility.
The financing will support one of Canada’s major transportation and logistics employers as ongoing tariff uncertainty and trade disruption continue to affect cross-border commerce and North American supply chains.
Headquartered in Coteau-du-Lac, Québec, C.A.T. operates across North America with approximately 1,600 Canadian employees and owner-operators providing freight transportation and logistics services critical to the Canadian economy.
The LETL facility was established by the Government of Canada to support otherwise viable large Canadian employers facing significant market disruption resulting from tariffs and external trade measures, while helping protect Canadian jobs and economic capacity.
“CEEFC was created to help support large Canadian businesses during periods of exceptional economic disruption,” said Lorraine Audsley, President and Chief Executive Officer of CEEFC. “This financing will help C.A.T. continue operating through a challenging trade environment while preserving critical transportation capacity and over 1,000 Canadian jobs.”
“Canadian businesses need stability and certainty to invest, grow, and keep people employed,” said Elizabeth Wademan, President and Chief Executive Officer of CDEV. “Through CEEFC and the LETL facility, CDEV is helping major Canadian employers navigate extraordinary trade disruption while protecting jobs, supply chains, and economic activity across the country.”
The financing package includes secured and unsecured loan components and will provide liquidity to support operations, capital investment, and business stabilization initiatives.
C.A.T. operates out of 35 locations across North America with a fleet of approximately 1,500 trucks and 5,000 trailers, serving customers across manufacturing, industrial, retail, and other key sectors.
“This financing provides important stability as we continue adapting our business to challenging market conditions,” said Daniel Goyette, founder and CEO of C.A.T. North America, whose two daughters, Annie and Karine, are Co-Presidents of the group. “We appreciate the support of CEEFC, CDEV, and our lending partners as we continue supporting customers, employees, and supply chains across Canada.”
Today’s announced financing includes commitments related to maintaining Canadian operations and employment levels, while protecting taxpayer interests through commercial financing terms.
Quick facts
- CEEFC was established in 2020 by CDEV to administer emergency and strategic financing programs on behalf of the Government of Canada.
- The LETL facility supports large Canadian employers affected by tariffs, trade-related market disruption, and supply chain instability.
- C.A.T. supports approximately 1,600 Canadian employees and owner-operators.
About CEEFC
CEEFC, a subsidiary of CDEV, administers strategic financing programs on behalf of the Government of Canada, including the LETL facility. CEEFC’s loan programs protect Canadian jobs and the Canadian economy by helping Canadian businesses remain solvent in times of significant economic shock.
About CDEV
CDEV advances economic prosperity for Canada by delivering financial and commercial expertise that government relies on. As a self-sustaining Crown corporation operating since 1982, CDEV has become the federal government’s trusted advisor and active asset manager responsible for more than $75 billion in strategic assets.