ANNOUNCEMENT 24 Jun 2019
In 2019, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 24 June 2019, Export Development Bank Canada (EDC) announced that it had provided financing to engine manufacturer Pratt & Whitney Canada Corp. for the sale of aircraft to Singapore. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$20-50 million. Taking the lowest possible amount, in this case, Can.$20 million (U.S.$15.2 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.