Company type | Crown corporation |
---|---|
Industry | Banking, financial services, credit insurance |
Founded | 1944 in Ottawa, Ontario, Canada |
Headquarters | Ottawa, Ontario, Canada |
Key people | Mairead Lavery (President and CEO)[1] |
Services | corporate banking |
Total assets | $60.4 billion (2018)[2] |
Number of employees | 1,556 (2018) |
Website | www.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.