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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. [3]
In 2021, the role gained additional responsibility for economic development, being renamed Minister of International Trade, Export Promotion, Small Business and Economic Development. [3] In 2023, the role lost responsibility for small business to the Minister of Small Business , shifting to its current title as a result.
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.
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 ...
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.
Global Affairs Canada (GAC; French: Affaires mondiales Canada; AMC) [NB 1] is the department of the Government of Canada that manages Canada's diplomatic and consular relations, promotes Canadian international trade, and leads Canada's international development and humanitarian assistance. It is also responsible for maintaining Canadian ...
Petroleum production in Canada is a major industry which is important to the overall economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent.
The 20 largest trade partners of Canada represent 94.0% of Canada's exports, and 91.9% of Canada's imports as of December 2016. [4] These figures do not include services or foreign direct investment. The largest partners of Canada with their total trade (sum of imports and exports) in millions of Canadian Dollars for calendar year 2019 are as ...