Despite continued geopolitical risks to global trade, Canadian export performance has grown at a rate higher than expected – 8 per cent this year over the projected 6 per cent, according to Export Development Canada’s latest semi-annual Global Export Forecast. “Despite the political signals coming out of the U.S., Canadian and U.S. companies are clear: they … Read more
Export Development Canada and the Forum for International Trade Training announced a formalized partnership to deliver enhanced trade education to Canadian companies and trade professionals. At the core of the partnership is the creation of the EDC-FITT International Trade Learning Centre – a digital platform from which EDC and FITT will offer information, learning modules, and other … Read more
Export Development Canada has priced $500 million CAD 1.80 per cent Fixed Rate Green Bond due September 1, 2022. The lead underwriters were B of A Merrill Lynch , RBC Capital Markets, TD Securities Inc. This offering is scheduled to settle on September 5, 2017 .”Climate change is a priority for EDC and being the … Read more
Export Development Canada announced $15 USD in financing to Discover Energy Corp. to acquire a manufacturing facility in South Korea to expand its operations internationally. “Acquiring this plant will not only help with Discover Energy’s supply chains, but it will also help the company deliver on their innovation goals,” says Mairead Lavery, Senior Vice President, Business … Read more
Export Development Canada announced the opening of a new office in Saskatoon, Sask. that will bring EDC’s financing and risk mitigating solutions closer to businesses in northern Saskatchewan. “Saskatchewan based companies, particularly in the north are already exporting heavily into the US market but EDC can help them tap into demand-rich markets like China and India … Read more
GE Canada and Export Development Canada are hosting a supplier day to introduce innovative and globally-minded Canadian companies into the supply chain of GE’s new facility in Welland, Ontario, opening in 2018. Over 30 suppliers are participating in the session, with introductions being facilitated by EDC and the Niagara Industrial Association. “This is a great opportunity to … Read more
Export Development Canada announced the successful closing of a CAD 13.5 million equity investment into BID Group Holdings Ltd., part of a larger equity transaction led by Highland West Capital Ltd. “EDC’s commitment reflects our interest in helping to build strong companies in a vital Canadian industry,” said Nathan Gibb, Senior Principal, Investments, EDC. “As a … Read more
Export Development Canada announced $72 million US in financing within the larger $655 million US senior project finance banking facilities for Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park (Solar Park) in Dubai, which will become the most powerful solar power plant in the world upon completion. “Supporting clean technologies is a strategic … Read more
Export Development Canada held its second annual Community Investment Day on June 8, devoting the day to helping more than 30 charitable organizations across Canada and around the world. This year, 1,000 employees will take part, at head office in Ottawa, in regional offices across Canada and in EDC’s international representations in Brazil, Colombia, India, Mexico and Singapore. “It’s a great day to serve the people in the communities … Read more
Export Development Canada reports that last year’s export success is posing potential challenges for Canada’s industrial heartland in 2017. “Ontario exporters have their foot on the accelerator, but with capacity rates at 90 per cent for the province’s export-intensive industries, it’s hindering short-term growth. It’s a good news story for today, but there’s little room for … Read more
