(October 21, 2002) Recent articles ignore EDC’s financial performance, ability to manage risks, fact that EDC is fully accountable to Parliament, EDC’s track record of consistent profitability, and contribution to Canada’s economy, writes EDC CEO Ian Gillespie.
(March 23, 2000) International Trade Minister Pierre Pettigrew’s glowing presentation in the House of Commons this week of large profits at the Export Development Corporation — and a 50-year total of "only $1 billion" in federal grants to the trade agency — is undermined by the Chretien government’s quiet write-off of $800 million in bad EDC loans since 1992.
(March 18, 2000) $2.8 billion in bad debts is almost 3 times amount of Shovelgate grants; Even Canada’s auditor general doesn’t know who owes what.
Statement to the Standing Committee on Foreign Affairs and International Trade on the Review of the Export Development Act
(November 16, 1999) Patricia Adams’s Statement to the Standing Committee on Foreign Affairs and International Trade
(October 8, 1999) Probe International believes that the Gowlings report is biased in favour of those who wish to maintain EDC’s privileged status.
(March 21, 1995) Last November, while leading his Team Canada mission in China, Prime Minister Jean Chretien shocked Canadians by announcing Canadian government support for the mammoth Three Gorges dam project on the Yangtze River, and his intention to use tax dollars to help finance this controversial project.