Export Development Canada opened its permanent office in Johannesburg, South Africa, in order to help Canadian companies take advantage of the growing opportunities in the sub-Saharan region. “We are deepening our roots in Africa now so that we can help Canadian companies of all sizes link into the supply chains of upcoming infrastructure, oil and gas, … Read more
Export Development Canada (EDC) announced the signing of a memorandum of understanding (MOU) with Colombia’s National Development Bank (Financiera de Desarrollo Nacional “FDN”) that will formalize the partnership between the two organizations. The MOU will lay the groundwork for EDC and FDN to collaborate on infrastructure projects in Colombia, and will also help EDC identify opportunities … Read more
Export Development Canada (EDC) and Ibdar Bank have been awarded the 2014 Africa Deal of the Year by Airfinance Journal for their financing support to Ethiopian Airlines. This transaction enabled Ethiopian Airlines to lease four Bombardier Q400 NextGen aircraft, with the nearly USD100 million trade being facilitated through senior secured debt funding from EDC and … 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. Call 647-281-7073. Export Development Canada (EDC) announced a previously disbursed USD 67.5 M in financing … Read more
Export Development Canada (EDC) experts led a study which found that Canadian companies are more integrated into the global economy and much less dependent on the United States than has been previously realized. Simply put, Canada’s trade diversification has been underestimated by at least 16 per cent. “The conventional wisdom is that Canada’s trade is … Read more
Export Development Canada (EDC) introduced Rafael Castillo as its new representative in Peru. Castillo will be working to develop new opportunities for Canadian companies selling into, or operating in Peru. He brings with him considerable international finance experience, having worked in the Swiss financial sector for six years. He also gained a thorough understanding of … Read more
Export Development Canada (EDC) announced financing of €400 million to Germany-based Volkswagen Group. The corporate financing is focused upon Volkswagen’s expansion of their operations in the southern United States and Mexico. “Given the growing presence of Canadian toolers and auto parts manufacturers into key automotive hubs like the Southern U.S. and Mexico, a natural alignment developed with … Read more
Export Development Canada (EDC) and MaRS Discovery District (MaRS), a Toronto-based innovation hub, have signed an agreement to increase their cooperation in support of high-impact companies seeking to grow their businesses through export. “EDC and MaRS have expertise that match well to support Canadian high-growth ventures in the cleantech, health, and ICT sectors,” says Clive Witter, … Read more
Export Development Canada (EDC) announced EUR 140 million in financing for the HISPASAT Group (Hispasat), a Spanish satellite telecommunications operator, for the construction of Amazonas 5 by Canada’s MacDonald, Dettwiler and Associates Ltd (MDA). The Amazonas 5 satellite will be built by SSL, a subsidiary of MDA. This is the second time EDC has provided … Read more
A new global economic forecast by Export Development Canada (EDC) predicts that the momentum of the nascent U.S. recovery will be the key driver of the next global growth cycle. EDC is Canada’s leading provider of small business financing and insurance for companies with sales or business outside of Canada. EDC’s economics team is widely … Read more
