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Export Development Canada (EDC; French: Exportation et développement Canada) is Canada's export credit agency and a Crown corporation wholly owned by the Government of Canada. Its mandate is to support and develop trade between Canada and other countries, and help Canada's competitiveness in the international marketplace.
The Corporation was established in 1946 by an Act of the Parliament of Canada, the Canadian Commercial Corporation Act, and is accountable to the Parliament of Canada through the Minister of International Trade, Export Promotion, Small Business and Economic Development.
The Minister of Export Promotion, International Trade and Economic Development (French: ministre de la Promotion des exportations, du Commerce international et du Développement économique) is a minister of the Crown in the Canadian Cabinet.
The federal Post Office Department became a Crown corporation as Canada Post Corporation in 1981, and Canada's export credit agency, Export Development Canada, was created in 1985. Perhaps the most controversial was Petro-Canada, Canada's short-lived attempt to create a national oil Crown corporation, founded in 1975.
Canada spends around 1.70% of GDP on advance research and development across various sectors of the ... Canada is the leading export market for 35 of 50 U.S. states ...
The US imported $97 billion worth of oil and gas from Canada last year, that country’s top export to the US. ... A construction worker works at a housing development in San Diego, California, on ...
FinDev Canada is Canada's development finance institution (DFI) set up in 2018. It has US$1 billion on its balance sheet. [1] [2] Its purpose is to provide direct and indirect development financing consistent with Canada's international development priorities. The DFI is wholly owned by Canada's export credit agency, Export Development Canada ...
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