ANNOUNCEMENT 26 May 2020

In 2020, Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 26 May 2020 | Removal date: open ended

Financial assistance in foreign market

On 26 May 2020, Export Development Bank Canada (EDC) announced support to structural lumber producer Teal Cedar Products Ltd. for Canadian direct investment abroad; the announcement did not identify any specific foreign markets for the resulting goods or services. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-75 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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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