Finance committee  Mr. Chair and honourable members of the committee, thank you for inviting Export Development Canada to appear before this committee. We appreciate your interest in EDC's work with Canadian exporters and our perspective on helping Canadian companies to expand into international ma

Finance committee  The only thing I would add to this is that if you are at the receiving end, if you are a client, and you meet with an EDC or BDC person, those individuals will have knowledge about the offering of BDC or EDC. At the end of the day, it's about being able to put the most competitiv

Finance committee  This is a very complex topic, and there are many reasons for that. I will highlight that the biggest issue for exporters, issue number one, is not financing. Issue number one is to understand the opportunities and to find the right partners or the right contacts in the markets.

Finance committee  Thank you for your question. I'm just going to provide a very tangible example. There was an announcement of a new plant in Welland, Ontario, a new investment by General Electric. Essentially, General Electric looked at Canada specifically because of EDC's support for their int

Finance committee  It is a strategy that we pursue. We're actually looking at major buyers around the world, and more specifically in the U.S. Where our value proposition is very interesting is when the corporation in the U.S. needs buyer financing for its own international sales. This is where it

Finance committee  Thank you for the question. First, as for the initiative you mentioned, our mandate has been modified in order to allow us to become involved in that development activity. However, the activity is not yet operational. We are essentially waiting for guidelines from the governmen

Finance committee  Yes.

Finance committee  The answer to that is no. As for the processes in place, a recommendation has been made about what I would call “the machinery”. It deals with how to make the institution operational, but the final decision has not been made and EDC has not yet received the green light to create

Finance committee  International trade and international development are being coordinated. The notion of a financial institution focused on development is completely complementary to the development mandate. It is quite a small space, a niche. If you look at other similar institutions elsewhere in

Finance committee  You have to consider two factors, actually. The creation of the financial institution focused on development is an additional mandate and an initiative that is going to go on completely outside EDC. The goal is to ensure that the two mandates are different and there is no confus

Finance committee  According to the project that we submitted but that has not been accepted yet, the financial institution for development will have access to EDC’s expertise so that it can move forward with its activities and its operations.

Finance committee  The model under consideration looks at establishing an independent affiliate that would manage the financial institution for development. But if you have other questions, we can also provide you with more information about it.

Finance committee  I don't have more information than Mr. Denham about this.

Finance committee  In terms of our services, we are seeing a growing need. I can't speak for the BDC, but we are seeing that there is currently a lot of financial capacity in the private sector, but that they tend to be focused on companies that are doing very well. However, institutions like EDC

Finance committee  The way we fund ourselves is through capital markets and through bank lines. We run a U.S. dollar business and we issue bonds. Based on our financial plan, we would issue approximately the equivalent of $4 billion's or $5 billion's worth of bonds in the international markets.