27:
492:
It has a youth education program, with the "International
Business Scholarships." EDC awards up to 30 scholarships annually, 25 of which go to undergraduate university or college students interested in international business, with up to 5 additional scholarships for students in programs which combine
311:
EDC operates according to a
Corporate Plan approved annually by the federal government, and its Operating Principles dictate that it conducts its business in a manner that is respectful of applicable international agreements to which Canada is a party; is consistent with its Corporate Sustainability
428:
EDC is governed by a board of directors composed of representatives primarily from the private sector. The Board's responsibility is to supervise the direction and management of EDC. The Board reports to
Parliament through the Minister for International Trade. Board members are appointed by the
504:
EDC events include "Lets Talk
Exports." Each spring, EDC's vice-president and chief economist travels across Canada to share his view on the global economy. There is also the "Global Export Forecast", by EDC's vice-president and chief economist, produced twice per year in April and October.
343:
In addition to the Ottawa headquarters, EDC operates from 20 regional offices in
Toronto, Kitchener, London, Mississauga, Windsor, Vancouver, Calgary, Edmonton, Regina, Saskatoon, Winnipeg, Montreal, Sherbrooke, Brossard, Drummondville, Quebec, Saint-Laurent, Halifax, Moncton, St. John's,
208:
was proclaimed. Export Credit
Insurance Corporation (ECIC) was created following WWII to help stimulate the Canadian economy, create jobs and help Canadian exporters. In the 1940s, EDC began acting as a "trade facilitator for Canadian businesses doing deals abroad."
305:. In response to the global credit crunch, in 2009, the Government of Canada broadened EDC's mandate and scope of activity for a two-year period to include support for domestic trade and domestic business opportunities. The period was extended to March 12, 2014.
267:
companies over the last five years." In May 2019, Oil Change
International ranked EDC second in the world after China in "support for fossil fuels" financially, averaging $ 10 billion a year. In 2019 EDC launched a review of a 2011 deal with
412:
products and small business solutions to
Canadian exporters and investors and their international buyers. EDC also supports Canadian direct investment abroad and investment into Canada. Much of its business is done in partnership with other
344:
Charlottetown; as well as from 21 offices abroad including in; Australia, Brazil, Chile, China, Colombia, Germany, India, Mexico, Peru, South Africa, Singapore, Turkey, the UAE, the United
Kingdom and the United States.
275:
In
October 2020, EDC predicted a 2021 global rebound after coronavirus. In 2020, EDC had bookmarked $ 2 billion to spend by 2023 in support of women-owned businesses "looking to export." In February 2021,
230:. EDC in 2016 provided $ 1.2 billion in Canadian dollars in financing, and in 2017, was looking to provide loans worth CAD$ 1.3 billion to businesses in India. EDC had previously financed
690:
254:
stated "significant deficiencies" had been found in relation to risk management at EDC, after Above Ground found EDC did not have "effective screening for corruption," according to the
735:
308:
The corporation is financially self-sustaining. EDC raises funds by charging fees for its services and interest on its loans, as well as issuing debt in capital markets.
789:
947:
226:
In 2014, EDC joined the loan party and announced it would be giving US$ 500 million to Reliance Industries, the largest private company in India, a move criticized by
866:
707:
1115:
319:) announced the signing of a new protocol to coordinate collaborative efforts between the two Crown corporations to better benefit Canadian businesses.
162:. Its mandate is to support and develop trade between Canada and other countries, and help Canada's competitiveness in the international marketplace.
921:
1037:
894:
762:
813:
420:
EDC offers services for companies wanting to grow their business internationally, secure financing, invest or get financing, or other ends.
1120:
536:
1090:
301:
EDC operates at arm's length from the federal government and according to commercial principles. EDC's mandate is spelled out in the
251:
1135:
978:
238:, and Ultratech Cement, and over the past five years had done business worth $ 10 billion. In 2017, it lent $ 215 million to
1062:
1140:
570:
961:
840:
316:
664:
1110:
846:
263:
Research in late 2018 found that EDC gave "12 times as much financial backing to oil and gas companies as it did to
1130:
1023:
1125:
482:
184:, and it has 21 regional offices across Canada and permanent representations in 21 cities in 15 foreign markets.
220:
and established the Export Development Corporation (EDC) as successor to all property, rights, and obligations.
584:
1009:
173:
products, international market expertise, as well as information on opportunities in international markets.
37:
691:"BILL C-31: AN ACT TO AMEND THE EXPORT DEVELOPMENT ACT AND TO MAKE CONSEQUENTIAL AMENDMENTS TO OTHER ACTS"
1041:
493:
business with environmental or sustainability studies. An EDC scholarship is worth a $ 4,000 cash award.
819:
768:
256:
522:
842:
SNC-Lavalin insider's bribery allegations spark probe by Crown agency that loaned the firm billions
713:
312:
Responsibility (CSR) commitments; and ensures the sound financial management of its activities.
223:
In 2001, EDC changed its name from Export Development Corporation to Export Development Canada.
414:
169:, export financing for Canadian companies and for their foreign customers, equity investments,
166:
55:
626:
868:
Export Development Canada predicts 2021 global rebound, but domestic energy sector to suffer
791:
Export Development Canada spends 12 times more for fossil fuels than clean tech, report says
159:
155:
8:
281:
235:
992:
872:
741:
598:
405:
272:, over allegations the latter had been using money loaned by EDC for bribery purposes.
51:
376:
Sameer Madhok - SVP, Chief Internal Auditor and Senior Officer for Internal Disclosure
99:
501:
EDC participates in a number of events, both their own hosted and partnered events.
612:
284:
planes with a contract ending in 2024. Also that year, EDC loaned $ 500 million to
277:
264:
1076:
147:
26:
927:
900:
643:
553:
285:
1104:
239:
188:
948:"Government Tables Response to Export Development Canada Legislative Review"
670:
227:
486:
409:
269:
170:
979:"EDC and BDC bolster relationship to better support Canadian companies"
385:
Julie Pottier - SVP, Small Business, Partnerships and Head of Insurance
280:
was negotiating with EDC for "an early settlement" on the lease of six
231:
896:
What the federal government has to offer small businesses led by women
401:
709:
Export Development Canada eyes $ 1.3-b financing in India this year
176:
EDC was founded in 1944. Its corporate headquarters is located in
764:
Auditor general finds 'deficiencies' at Export Development Canada
181:
70:
666:
Export Development Canada: A Crown corp. that thinks it's a bank
485:
is an operating principle at EDC, and it has a partnership with
923:
Garuda Indonesia to Return Bombardier Planes After Ending Lease
177:
66:
1038:"EDC renews partnership with CARE after five successful years"
107:
1004:
1002:
391:
Todd Winterhalt - SVP, Communications and Corporate Strategy
47:
815:
Studies show Canadian banks not so green on climate change
367:
Jacques Chamberland - SVP and Chief Transformation Officer
999:
417:
and through collaboration with the government of Canada.
327:
EDC publishes an online magazine for Canadian Exporters,
364:
Lorraine Audsley - SVP and Chief Sustainability Officer
382:
Scott Moore - SVP, Finance and Chief Financial Officer
216:
proclaimed on October 1, 1969, repealed Part 1 of the
131:
737:
Export Development Canada lends $ 215 million to Idea
191:, the governmental development bank set up in 2018.
1102:
477:
361:Carl Burlock - EVP and Chief Business Officer
245:
373:Sven List - SVP, Corporate and International
158:and a Crown corporation wholly owned by the
483:Corporate Sustainability and Responsibility
1116:Federal departments and agencies of Canada
388:Liette Vigneault - SVP, People and Culture
288:, after lending Vale $ 1 billion in 2010.
25:
950:. Government of Canada. 10 December 2009.
919:
571:"Our solutions - Foreign Buyer Financing"
733:
838:
702:
700:
658:
656:
638:
636:
252:Office of the Auditor General of Canada
199:
1103:
1077:"Let's Talk Exports Cross Canada Tour"
981:. Business Development Bank of Canada.
920:Sipahutar, Tassia (10 February 2021),
787:
892:
832:
811:
805:
760:
662:
432:
913:
886:
859:
781:
754:
727:
697:
653:
633:
1121:Canadian federal Crown corporations
317:Business Development Bank of Canada
152:Exportation et développement Canada
13:
962:"2013–2017 Corporate Plan Summary"
379:Dan Mancuso - SVP, Special Advisor
370:Guillermo Freire - SVP, Mid-Market
358:Mairead Lavery - President and CEO
165:EDC products and services include
91:Mairead Lavery (President and CEO)
14:
1152:
1024:"Corporate Social Responsibility"
347:
296:
893:Bitti, Mary (26 February 2021),
788:Rabson, Mia (22 November 2018),
734:Sengupta, Devina (25 May 2017),
496:
1083:
1069:
1055:
1030:
1016:
985:
971:
954:
940:
683:
322:
839:Seglins, Dave (3 April 2019),
812:Weber, Bob (3 December 2020),
663:Kirby, Jason (22 April 2014),
619:
605:
591:
577:
563:
546:
529:
515:
1:
1136:1944 establishments in Canada
1040:. CARE Canada. Archived from
761:Meyer, Carl (30 April 2018),
508:
423:
291:
1093:. Export Development Canada.
1079:. Export Development Canada.
1065:. Export Development Canada.
1026:. Export Development Canada.
1012:. Export Development Canada.
995:. Export Development Canada.
967:. Export Development Canada.
629:. Export Development Canada.
615:. Export Development Canada.
601:. Export Development Canada.
587:. Export Development Canada.
573:. Export Development Canada.
338:
218:Export Credits Insurance Act
206:Export Credits Insurance Act
7:
1141:COVID-19 pandemic in Canada
1010:"Management and Governance"
523:"Management and Governance"
478:Sustainability and programs
395:
10:
1157:
649:. The Minister of Justice.
559:. The Minister of Justice.
246:Recent history (2018-2021)
194:
1111:Companies based in Ottawa
1063:"Youth Education Program"
406:export financial services
140:Export Development Canada
127:
117:
105:
95:
85:
77:
61:
43:
33:
24:
20:Export Development Canada
1091:"Global Export Forecast"
644:"Export Development Act"
585:"Bonding and Guarantees"
554:"Export Development Act"
537:"EDC 2018 Annual Report"
1131:Foreign trade of Canada
714:The Hindu Business Line
693:. Parliament of Canada.
443:Abdelmessih, V. (Chair)
81:Ottawa, Ontario, Canada
1126:Export credit agencies
429:Government of Canada.
415:financial institutions
402:trade credit insurance
315:In 2011, EDC and BDC (
303:Export Development Act
214:Export Development Act
167:trade credit insurance
151:
470:Stairs Krishnappa, A.
438:As of March 2023
353:As of March 2023
113:$ 60.4 billion (2018)
333:Exportateurs avertis
200:Founding (1944-2017)
160:Government of Canada
156:export credit agency
16:Export credit agency
236:Tata Communications
119:Number of employees
21:
873:The Globe and Mail
742:The Economic Times
433:Board of directors
52:financial services
19:
820:National Observer
769:National Observer
257:National Observer
137:
136:
100:corporate banking
38:Crown corporation
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875:, 1 October 2020
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278:Garuda Indonesia
265:clean technology
110:
56:credit insurance
29:
22:
18:
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993:"Our solutions"
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520:
516:
511:
499:
480:
458:Matuszewski, P.
435:
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120:
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17:
12:
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901:Financial Post
885:
858:
831:
804:
780:
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726:
716:, 4 April 2017
696:
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652:
632:
618:
604:
599:"Country Info"
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507:
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479:
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455:MacWilliam, K.
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348:Executive team
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340:
337:
324:
321:
298:
297:Business model
295:
293:
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247:
244:
201:
198:
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187:EDC also owns
154:) is Canada's
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125:
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1058:
1044:on 2014-12-19
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594:
586:
580:
572:
566:
555:
549:
538:
532:
524:
518:
514:
506:
502:
497:Events by EDC
494:
490:
488:
484:
472:
469:
466:
463:
460:
457:
454:
451:
448:
445:
442:
441:
440:
439:
430:
421:
418:
416:
411:
407:
403:
400:EDC provides
390:
387:
384:
381:
378:
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372:
369:
366:
363:
360:
357:
356:
355:
354:
345:
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279:
273:
271:
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261:
259:
258:
253:
250:In 2018, the
243:
241:
240:Idea Cellular
237:
233:
229:
224:
221:
219:
215:
210:
207:
204:In 1944, the
192:
190:
189:FinDev Canada
185:
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60:
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1046:. Retrieved
1042:the original
1032:
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931:, retrieved
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783:
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665:
627:"Contact Us"
621:
607:
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517:
503:
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491:
481:
437:
436:
427:
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399:
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335:in French).
332:
328:
326:
323:Publications
314:
310:
307:
302:
300:
274:
262:
255:
249:
225:
222:
217:
213:
211:
205:
203:
186:
175:
164:
143:
139:
138:
123:1,556 (2018)
108:Total assets
78:Headquarters
34:Company type
933:26 February
906:23 February
879:26 February
852:27 February
825:27 February
798:23 February
774:23 February
747:23 February
720:23 February
676:26 February
487:CARE Canada
464:Payette, R.
461:McLeese, R.
449:Culbert, H.
270:SNC-Lavalin
1105:Categories
1048:2014-12-19
871:, Canada:
845:, Canada:
818:, Canada:
794:, CTV News
767:, Canada:
613:"About Us"
509:References
467:Sharma, M.
446:Boivin, P.
424:Governance
329:ExportWise
292:Operations
282:Bombardier
242:in India.
232:Tata Steel
132:www.edc.ca
87:Key people
928:Bloomberg
671:Maclean's
473:Yuers, K.
452:Gupta, K.
339:Locations
228:Maclean's
396:Services
96:Services
73:, Canada
65:1944 in
44:Industry
410:bonding
195:History
182:Ontario
171:bonding
128:Website
71:Ontario
62:Founded
48:Banking
178:Ottawa
148:French
67:Ottawa
965:(PDF)
647:(PDF)
557:(PDF)
540:(PDF)
935:2021
908:2021
881:2021
854:2021
827:2021
800:2021
776:2021
749:2021
722:2021
678:2021
404:and
286:Vale
212:The
847:CBC
144:EDC
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