Export Development Canada released a ground-breaking study that has shed new light on why Canadian companies invest abroad, and the benefits to Canada’s domestic economy. The study’s findings challenge commonly held beliefs about Canadian companies and their foreign investments, particularly the myth that Canadian investments abroad erode domestic job numbers. Benoit Daignault, President and CEO, EDC, said, … Read more
Export Development Canada opened its permanent representation in London. “London is a global financial hub and a gateway for investors to Africa and the Middle East, two key markets for Canada’s leading industries,” said Mairead Lavery, Senior Vice-President, Business Development, EDC. “EDC, as a global financial player, can help connect Canadian businesses to these deals as … Read more
Newfoundland and Labrador will see Canada’s most dramatic turnaround in export performance from this year to next, according to Export Development Canada’s (EDC) semi-annual Global Export Forecast. Challenges in the energy sector, particularly weak commodity prices, are the primary force driving the province’s exports down 11 per cent in 2016. However, Newfoundland exports are expected … Read more
While natural resources continue to struggle under lower prices and sluggish demand, double-digit growth in consumer goods, automotive, and aerospace sectors will drive Canada’s overall exports to grow by two per cent this year, according to a new global export forecast by Export Development Canada. “Canada’s export story in 2016 is, naturally, directly linked to what … Read more
Export Development Canada has again been ranked in the top 10 among the Corporate Knights 2016 Future 40 Responsible Corporate Leaders in Canada. “For EDC, good corporate social responsibility practices go beyond what happens within our walls,” said Signi Schneider, vice president, Corporate Social Responsibility, EDC. “At EDC, we can see how our CSR practices have made … Read more
Export Development Canada announced $500,000 in financing for Markham, Ont.-based Tower Solutions to help manage the costs of delivering on a new contract in Saudi Arabia. “Given how adaptable and uniquely engineered our product is, we see huge potential for expanding our global footprint,” said Ciro Pasani, CEO of Tower Solutions. “As an SME, the challenge … Read more
Export Development Canada announced it will make up to $750 million of financial capacity available to Canadian companies to help support the Canadian oil and gas sector during this challenging time. “The prolonged downturn in the price of oil has had a profound impact on Canada’s smaller supply and service companies,” said Mairead Lavery, senior vice-president, … Read more
The Chartered Professional Accountants of Canada announced Export Development Canada as the winner of the 2015 Award of Excellence in Financial Reporting – Federal Crown (Large). The CPAC’s independent panel of judges found that EDC’s 2014 annual report, Reaching our Export Potential, was “an outstanding example of transparent, clear, concise reporting, presented in a manner that … Read more
Export Development Canada (EDC) priced a new USD 300 million 1.25 per cent Fixed Rate Green Bond due Dec. 10, 2018. The lead underwriters were BofA Merrill Lynch, Crédit Agricole CIB and Morgan Stanley. This new bond reflects EDC’s ongoing commitment to developing the Green Bond market. This offering is scheduled to close on Dec. 8, … Read more
General Electric (GE) Canada and Export Development Canada (EDC) are working together to identify and build partnerships with Canadian digital technology, software and big data analytics companies with niche capabilities to serve the growing global demand for Industrial Internet technology. The matchmaking session held today at GE Canada’s Customer Innovation Centre (CIC) in Calgary, AB … Read more
