Export Development Canada priced USD 500 million 1.625 per cent Fixed Rate Green Bond due June 1, 2020. The lead underwriters were HSBC, J.P. Morgan and SEB. This offering is scheduled to close on June 1, 2017. This is EDC’s third Green Bond, with previous bonds of 300M in January 2014 and 300M in December 2015, … Read more
An energy rebound combined with a surge in ores and metals is fuelling Newfoundland and Labrador’s substantive export recovery this year, according to Export Development Canada. “Newfoundland and Labrador will be a Canadian export powerhouse this year and next,” said Peter Hall, EDC Chief Economist and Vice President. “After a challenging 2016, the province’s top export … Read more
Export Development Canada is reporting that modest export growth in 2017 will amount to a waiting game for Nova Scotia exporters. According to EDC’s Global Export Forecast, Nova Scotia is coming off a small decline in 2016 and export growth will only see a modest one per cent this year. It is expected to rebound in 2018 … Read more
According to Export Development Canada’s semi-annual Global Export Forecast 2017 will be a year of opportunity for Alberta’s exporters. The rebound in the energy sector, combined with modest growth in its agri-food exports, will boost the province’s global growth by 19 per cent – the best in the country. “While the United States continues to be the top destination for … Read more
Manitoba is poised to grow international opportunities by 7 per cent this year and 9 per cent in 2018 – the second highest growth figure in the nation, according to Export Development Canada’s semi-annual Global Export Forecast. Growth will be fuelled by increasing opportunities in the U.S., metals and ores, chemicals, in addition to machinery … Read more
Partial recovery of energy prices from the abyss of early 2016 is fuelling a rebound for Saskatchewan’s export sector after a double-digit stall last year according to Export Development Canada’s semi-annual Global Export Forecast. The province’s 9 per cent growth will be led by the energy sector. The important agri-food industry will increase by just 2 per … Read more
Canadian exporters are facing a clash of increased global opportunities with impending geo-political risks that are throwing their international plans and strategies into confusion, according to Export Development Canada’s latest semi-annual Global Export Forecast. EDC is projecting world growth to rise from 3.5 per cent this year to 3.8 in 2018 – an upswing in momentum as … Read more
Export Development Canada announced it has provided the rupee equivalent of USD 50M in financing to Mumbai-based Infrastructure Leasing & Financial Services. “EDC’s focus is helping smaller Canadian businesses that supply into bigger infrastructure projects expand into new foreign markets,” said Mairead Lavery, SVP of Business Development, EDC. “IL&FS, with its large global supply chain and … Read more
A new global export forecast from Export Development Canada predicts that the energy and metal ore industries will drive Atlantic Canada’s export growth in 2017. “The record high growth in the seafood sector this year was supported by tight global supplies and steady demand from the US and Asian markets,” says Peter Hall, Chief Economist, EDC. … Read more
Export Development Canada announced the opening of a new office in Brossard, QC that will bring EDC’s financial and advisory services closer to businesses in the Montérégie region. There is an estimated 3,700 companies in the area that are either currently exporting or thinking about it. EDC intends to unlock the region’s trade potential. “EDC’s investment in … Read more
