EDC

• 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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• 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
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• 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 bank asks court to ground luxury jet after Gupta family defaulted on $52M loan

  The aircraft has since disappeared after a public tracking device was disabled, and the EDC is petitioning a Johannesburg court to ground the aircraft until its request to have the plane removed from the Gupta family's possession can be heard in the U.K.

  Canada

  Mar 11, 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
• With housing boom at end, all eyes on exports to carry economy

  The federal export agency predicts Canada's economy is on the threshold of stronger growth thanks to a long-awaited recovery in the export sector.

  Canada

  Apr 24, 2014