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Business Development Bank of Canada, Montreal. Non-depository credit intermediation; 1,685 employees; average age: 43. Helps employees plan for retirement with matching RRSP contributions up to 3.9 per cent of salary. Also has a defined benefit pension plan and a health plan that extends into retirement with no age limit.

CGI Group Inc. has extended its 15-year relationship with the Business Development Bank of Canada by winning a multimillion-dollar contract.

The Montreal-based information technology company will develop a commercial lending IT program.

The program will use Microsoft technology and various other systems.

CGI won the contract, whose precise value wasn't disclosed, through a tender process.

"We are confident that CGI as a partner will help us make our operations more efficient so that we can offer better service to entrepreneurs across Canada," stated Edmee Metivier, executive vice president, financing and consulting at the bank, a federal financing agency.

BDC offers financing, venture capital and consulting services to 29,000 small and medium sized companies across Canada.

Founded in 1976, CGI Group is one of the largest independent information technology and business process services firms in the world with about $4.5 billion in annual revenues.

It employs about 31,000 people in Canada, the United States, Europe and Asia.

On the Toronto Stock Exchange, CGI lost 12 cents at $19.90 in morning trading.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 4:00pm EDT.

SymbolName% changeLast
GIB-N
CGI Group
+0.5%110.49
MSFT-Q
Microsoft Corp
-0.17%420.72

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