Export Development Canada (EDC) announced that it has provided Eagle Hydraulic Components Inc. (Eagle) of Mirabel, Quebec, with a CAD 1.3 M guarantee that allowed the company to get the financing it needed to increase production at their Chinese subsidiaries. “This is a wonderful opportunity for us,” said Feng Wang, president of Eagle. “We are … Read more
Continued expansion in Newfoundland and Labrador’s energy and mining industries will add to strength in other sectors, boosting the province’s international exports by 8 per cent this year, according to a new forecast by Export Development Canada. “Newfoundland’s energy sector, a huge boon to the economy, now accounts for close to two-thirds of the province’s exports,” … Read more
After a slight decline in 2013, exports from New Brunswick to start rising by posting modest gains of three per cent this year and next year, according new forecasts published by Export Development Canada. The rapid recovery in residential construction in the United States resulted in a rapid expansion of the forestry industry in New Brunswick. The … Read more
After a spectacular 11 per cent surge in exports last year, Manitoba is expected to lead all provinces in export growth with a 10 per cent gain in 2014, according to a new forecast by Export Development Canada. Manitoba’s export growth was driven by solid gains in the province’s agri-food, industrial machinery and energy export … Read more
Saskatchewan’s exports are forecast to rise by 8 per cent in 2014 owing to a surge in crop production and strong global demand, according to a new forecast by Export Development Canada (EDC). “Saskatchewan will be among Canada’s best export performers in 2014 on the strength of strong crop yields, ” said Peter Hall, chief … Read more
A new forecast by Export Development Canada calls for Alberta’s international exports to grow by eight per cent this year and five per cent next year. The forecast notes that the energy and agri-food industries will be the main growth drivers for the province for 2014 with growth weakening in both sectors the following year. At the same time, … Read more
A new forecast by Export Development Canada (EDC), Canada’s leading provider of financing and insurance for Canadian exporters, calls for British Columbia’s international exports to grow by 8 per cent this year and 7 per cent next year. The forecast notes that the forestry sector, notably on the lumber side, will be the main growth … Read more
An improving U.S. economy and a lower Canadian dollar will help spur Nova Scotia’s exports ahead by 8 per cent in 2014 and an additional 3 per cent in 2015, according to Export Development Canada’s (EDC) Global Export Forecast. With more than 70 per cent of Nova Scotia’s exports destined for the U.S. market, its … Read more
A new forecast by Export Development Canada (EDC), Canada’s leading provider of financing and insurance for Canadian exporters, calls for Ontario’s international exports to grow by 6 per cent this year and 7 per cent next year. The forecast explains that an accelerating recovery in the U.S. will lead to higher demand from American customers. … Read more
A new forecast by Export Development Canada (EDC) predicts that the global economy is on the verge of a rush of economic growth. The forecast suggests that the excesses from the previous growth cycle have been worked off after more than five years of recovery and that the global economy has finally reached a tipping point. While … Read more
