Export Development Canada

• Feds try to reclaim $347 million insurance payout to Suncor linked to Libya unrest

  Export Development Canada, which insures against losses caused by political violence, argues that Suncor's facilities in Libya still deliver returns for the Calgary-based company.

  Canada

  Aug 2, 2023
  
• Ottawa approves new $10B loan guarantee for Trans Mountain pipeline project

  The federal government has approved a new, approximately $10-billion loan guarantee for the Trans Mountain pipeline project.

  Canada

  May 11, 2022
  
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• Most of Ottawa’s $1.6B bailout for Alberta oil and gas industry has been handed out

  Canada's $1.6-billion bailout package for Alberta's battered oil industry is well underway but with little transparency about who is getting the money and for what.

  Canada

  Nov 15, 2019
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• Export Development Canada staff had no knowledge of SNC-Lavalin corruption: probe

  The Crown corporation launched a three-month probe after CBC News reported allegations by an unnamed SNC-Lavalin insider stating it was well known within the engineering firm that "technical fees" in its proposals included cash earmarked for local consultants or agents.

  Canada

  Jul 25, 2019
• Canadian export agency probing claim it backed SNC-Lavalin on corrupt Angola dam project

  Export Development Canada says it's reviewing support it gave to SNC-Lavalin after learning of an allegation the agency backed the company on a dam project in Angola that it won corruptly

  Canada

  Apr 3, 2019
• Canadian export financing agency throws $5B to clean tech — and $62B to oil and gas, study shows

  The federal Liberals repeatedly say clean technology is a $26-trillion opportunity that Canada is taking advantage.

  Politics

  Nov 22, 2018
• Special federal remission program relieves $110M in tariffs in wake of trade dispute

  A special program meant to help Canadian companies hit by retaliatory tariffs on steel and aluminum imports by the U.S. has started to roll out millions in relief money.

  Canada

  Nov 6, 2018
• Canadian bank lent controversial South African family $52M for a luxury jet, which is now missing

  The EDC said that the family defaulted on the loan back in October and still owes the bank $27 million. In addition, the EDC is concerned that the plane has been used to help members of the Gupta family escape legal repercussions.

  Canada

  Mar 2, 2018
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• GE Canada scales back plans to build new engine factory in Wellend, Ont.

  GE Canada is scaling back its plans to build a new engine factory in Welland, Ont., because of slow demand from the oil and gas industry.

  Canada

  Jun 1, 2016
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• Ontario, PEI to lead all provinces in exports in 2016

  A new forecast predicts Ontario and Prince Edward Island will lead all provinces with seven per cent growth in exports this year, thanks to a resurgent auto sector, high demand in the U.S. and a low Canadian dollar.

  Money

  Apr 26, 2016