EDC earmarks $750 mln to assist struggling oil and gas SMEs
Export Development Canada (EDC) has earmarked $750 million to support small and medium-sized enterprises (SMEs) in Canada's oil and gas industry that have been impacted by commodity price declines. EDC said it will lend support to companies investing in key areas. They include productivity improvements; infrastructure that will increase market access for resources; new technologies that diversify products; and advances in environmental sustainability. A trade finance agency, EDC is funded through the fees and interest charged on its loans and insurance policies.
26 February 2016•3 mins read
