EDC announced today that it provided $1M in financing to EnergyGeeks, an innovative Canadian company that has simplified the process for consumers across North America to convert their homes or businesses to solar energy. “We’re proud that our technology allows consumers to easily sift through the complicated solar energy marketplace and get recommendations for the right … Read more
Export Development Canada’s second annual Cleantech Export Week is bringing together experts from across Canada’s clean technology sector to continue a national conversation about the opportunities open to Canadian cleantech companies willing to tap into demand outside our borders. “For more than six years, EDC has been focusing on helping more companies in the cleantech space go, grow, and … Read more
While the negotiation of the new U.S.-Mexico-Canada Agreement is a huge relief to Canadian exporters, the global threats of protectionism, populism, and rising interest rates continue to complicate decision-making. “Growth is strong – powered principally by the U.S. economy – and it’s spreading,” said Peter Hall, Chief Economist at EDC. “There is a lot of evidence … Read more
The Cleantech Co-Investment Program will see EDC and eligible partners – niche private-sector investors -support the next generation of cleantech exporters in Canada. “EDC has proven its commitment to supporting cleantech in Canada for the past six years, becoming the largest provider of financial solutions for companies in the sector looking to export,” says Carl Burlock, … Read more
The Government of Canada announced the appointment of six new Directors to the Board of Export Development Canada. “We welcome the new Board Directors who are joining us at a critical time in today’s evolving trade environment. Together, they bring the skills and expertise necessary to ensure that EDC can help grow Canada’s export trade … Read more
Export Development Canada was named “Export Credit Agency of the Year” by Trade & Export Finance, one of the principal sources of news, data and innovative events specializing in trade and export finance. “It is an honour to receive this award. EDC’s mandate to support and develop Canadian companies, helping them grow into international champions … Read more
EDC is committed to ensuring it follows strong corporate social responsibility practices, guided by a comprehensive framework. “These policies are central to who we are as an organization,” said Robert Fosco, Vice President, Environment and Corporate Responsibility at EDC. “Ensuring they remain as effective as possible is integral to our long-term strategy, and at the heart … Read more
Export Development Canada announced the signing of two new Memoranda of Understanding that will allow for a more coordinated approach to future joint transactions that will benefit Canadian exporters. The main objectives of the MOUs are to enhance cooperation between EDC and the Export Credit Guarantee Corporation of India, as well as the Hungarian Export-Import Bank. “As companies expand through … Read more
EDC announced that it signed a $1 million direct loan to support Vive Crop Protection, an innovative Canadian agriculture company using clean technology to improve crop quality and maximize yield while minimizing environmental impact. Ontario-based Vive developed a ground-breaking technology that disperses agricultural pesticides and herbicides more efficiently to help farmers do more with less. … Read more
Protectionism has become a tangible threat for certain key industries in Canada. One might expect a gloomy export forecast given what we’re seeing in the news. Instead, Export Development Canada’s latest semi-annual Global Export Forecast is revising its projection for 2018 upwards – to six per cent growth over last year – up two per cent from last … Read more
