Benefits to Canada
Since we were founded in 1944, we have facilitated more than $1.4 trillion in exports and foreign investment by Canadian companies. This is important because Canada’s economy relies on trade. Given our small domestic market, Canadian businesses have to think globally to compete and grow.
In 2017 we helped nearly 9,400 Canadian companies do business in most markets around the world. The majority of companies were small businesses, and 30 per cent of this business was conducted in fast-growing emerging markets. Using our financial products and services, our customers’ export sales and investments approximated $104 billion. We estimate that this helped generate $67 billion of Canada’s GDP, nearly 4 cents for every dollar earned, and helped sustain 523,808 jobs.
Making the connections to create trade
Critical to Canada’s trade success is the ability for Canadian companies, particularly SMEs, to make a connection with international buyers. But many of these companies do not have the size or visibility to make that happen, particularly in emerging markets. One of EDC’s strategies is to help make these connections through match-making sessions with the Canadian Trade Commissioners’ Service, through our equity investments and by leveraging our financial relationships with foreign buyers to encourage them to procure from Canadian suppliers. This strategy is particularly geared toward helping Canadian small-and medium-sized business grow internationally.
Partnership preferred philosophy
We collaborate with the industry’s most trusted organizations to provide Canadian companies with access to the latest trade knowledge and solutions that are complementary to EDC’s offerings, helping companies go, grow and succeed internationally
See who we work with