ANNOUNCEMENT 28 Mar 2020
In 2020, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 28 March 2020, Export Development Bank Canada (EDC) announced that it had provided support for Canadian direct investment abroad to asset management company Atlas Corp. for operations in the United States; the agency did not identify any specific products or sectors. 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.