The story
CIC started out as the Government Finance Office (GFO) in 1947. Its job was to manage, direct investment, and return dividends of various commercial Crown corporations to the Government. The profits from the Crown corporations were reinvested or given back to the government. The GFO was also used to invest government money in various Crowns.
In 1978, the name was changed to Crown Investment Corporation.
From Wikipedia’s article on Crown Investments Corporation, shared under CC BY-SA 4.0.4