ANNOUNCEMENT 17 Apr 2020
In 2020, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 17 April 2020, Export Development Bank Canada (EDC) announced that it had provided working capital support to Cooke Aquaculture Inc. for operations in the United States. Cooke Aquaculture Inc. has its headquarters in Canada with operations in the United States as well as various countries in Europe. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range of Can.$75-100 million. Taking the lowest possible amount, in this case Can.$75 million (U.S.$56.9 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.