Pent-up demand is reappearing in key economic indicators following four years of sluggish global performance, setting the stage for an acceleration in world growth, according to a Global Export Forecast by Export Development Canada (EDC). "Shaking off the memories of recent growth crashes, some as spectacular as they get, will be tough," said Peter Hall, … Read more
Export Development Canada (EDC) announced that it has signed a Memorandum of Understanding (MOU) with the Moroccan Ministry of Economy and Finance, under which the Moroccan government can access up to € 500 million in financing for national projects and contracts where there is Canadian supply, services or investments. The three-year agreement was signed by … Read more
Overall demand for Export Development Canada's (EDC) services from Canadian exporters and investors tapered off from last year's record highs. Still, the corporation saw demand rise in key areas of its business. A core indicator by which EDC measures its operational success is its Net Promoter Score (NPS), which assesses the degree of EDC's customer … Read more
The African Trade Insurance Agency (ATI) and Export Development Canada (EDC) announced an agreement to work together more closely in the future towards creating new trade opportunities between Canada and ATI member states. The Memorandum of Understanding (MOU) aims to provide financial products and services to facilitate trade and foreign direct investment between Africa and … Read more
Export Development Canada (EDC) announced it has provided the equivalent of USD 300 million to Comisión Federal de Electricidad (CFE), Mexico's national electricity company, to help increase opportunities for Canadian companies operating in Mexico. The financing will be provided in Mexican pesos, reflecting the local currency preference by CFE to help them better match their … Read more
Export Development Canada's (EDC) forecast for Ontario's export growth calls for a 3 per cent gain in 2013 after recording a strong 7 per cent gain this year. "While slower growth in auto production and weaker commodity prices will restrain Ontario's exports overall in 2013, the weak headline growth masks a stronger underlying trend across … Read more
Export Development Canada's (EDC) forecast for Alberta's export growth calls for a substantial gain of 12 per cent in 2013 after recording a 7 per cent gain this year. The global recession did not have a significant impact upon Alberta's export sector, with the number of exporters actually rising from 2,901 in 1999 to 2,972 … Read more
After considerable volatility in the last 4 years, Export Development Canada is predicting that Canadian exports of goods and services will rise 4.6 per cent in 2012 and an additional 6.3 per cent in 2013 in the wake of a structural, sustainable recovery in the U.S. private sector economy that will lead the world's next … Read more
Export Development Canada (EDC) and Sustainable Development Technology Canada (SDTC) announced a collaborative agreement to further develop Canada's international capabilities in the cleantech sector. Stephen Poloz, president and CEO, EDC, said that cleantech companies need to scale up and go global, which provides a natural fit for EDC and SDTC to work together to help … Read more
Export Development Canada (EDC) and Nippon Export and Investment Insurance (NEXI) of Japan, the official export credit agencies of Canada and Japan, respectively, signed a reciprocal re-insurance agreement at EDC's headquarters in Ottawa. The agreement, signed by Stephen Poloz, president and CEO, EDC, and Takashi Suzuki, chairman and CEO of NEXI, is intended to bring … Read more
