ANNOUNCEMENT 30 Apr 2019
In 2019, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 30 April 2019, Export Development Bank Canada (EDC) announced that it had provided financing to aircraft engine manufacturer Pratt & Whitney Canada Corp. for the sale of aircraft engines, spare parts and/or services to the United States. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case Can.$50 million (U.S.$37.9 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.