Export Development Canada

Export Development Canada
Company typeCrown corporation
IndustryBanking, financial services, credit insurance
Founded1944 in Ottawa, Ontario, Canada
HeadquartersOttawa, Ontario, Canada
Key people
Mairead Lavery (President and CEO)[1]
Servicescorporate banking
Total assets$60.4 billion (2018)[2]
Number of employees
1,556 (2018)
Websitewww.edc.ca

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]

EDC products and services include trade credit insurance, export financing for Canadian companies and for their foreign customers, equity investments, bonding products, international market expertise, as well as information on opportunities in international markets.[4][5][6]

EDC was founded in 1944. Its corporate headquarters is located in Ottawa, Ontario, and it has 21 regional offices across Canada and permanent representations in 21 cities in 15 foreign markets.[7][8]

EDC also owns FinDev Canada, the governmental development bank set up in 2018.

  1. ^ "Management and Governance".
  2. ^ "EDC 2018 Annual Report" (PDF).
  3. ^ "Export Development Act" (PDF). The Minister of Justice.
  4. ^ "Our solutions - Foreign Buyer Financing". Export Development Canada.
  5. ^ "Bonding and Guarantees". Export Development Canada.
  6. ^ "Country Info". Export Development Canada.
  7. ^ "About Us". Export Development Canada.
  8. ^ "Contact Us". Export Development Canada.