IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 03 Aug 2017 | Removal date: open ended

State loan

On 3 August 2017, Export Development Bank Canada (EDC) announced financing for Canfor Corporation. The stated purpose of the transaction is to renewal/refinancing of credit facilities to Canfor Corporation and its operations within Canada.

EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$25-50 million. Taking the lowest possible amount, in this case, Can.$25 million (approx. U.S.$19.83 million), is our conservative estimate of the financing received.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
4701 Mechanical wood pulp.
470100 Mechanical wood pulp.

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