(January 9, 2003) We don’t hear much about the Canada Account . . .Why? Because the mandate of the Canada Account is to take up loans, or loan guarantees, that fail to meet Export Development Canada’s own risk tolerance test.
(October 25, 2002) The National Post writes: Export Development Canada has hung like an albatross around the neck of the Canadian taxpayer for far too long. It must stop making new loans, wind down its operations and then shutter itself for good.
(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.
(October 19, 2002) EDC has recently faced criticism that the Crown corporation may have too many eggs in too few baskets by weighting its lending so heavily in tech and aerospace.
(October 19, 2002) No private-sector financial institution would be allowed to carry the exposure to a limited number of industry sectors that Export Development Canada does, financial analysts said yesterday.
(October 18, 2002) Former leader’s warning: Bombardier, Nortel customers dominate.
(October 18, 2002) Loans to aircraft maker, Nortel distort their sectors.
(October 18, 2002) Money-making body.
(September 17, 2002) In a thousand quiet and unknown ways, speech is stifled.
(September 2, 2002) Envoys to investigate Ralco dam project. EDC provided Quebec’s ABB Alstom with US$17-million in financing for generating equipment.
(August 30, 2002) Export Development Canada (EDC) is negotiating with France’s Société Générale, a private bank, over support for the Cernavoda 2 nuclear plant in Romania.
(August 5, 2002) Extending the Access to Information Act to Crown corporations and other institutions not currently covered by the law will be among the major changes introduced this fall by Prime Minister Jean Chrétien, sources have told The Canadian Press.
(May 31, 2002) For Canada, reactor exports also meant entrée into the rarefied nuclear club and international circuits of power.
(May 30, 2002) Export Development Canada (EDC) has released revised policies governing its environmental and disclosure practices following a 60-day comment period.
(May 1, 2002) In uncertain times, small things can make all the difference. One December 13, 2001, a wrong turn by a driver in New Delhi may have saved the planet from a nuclear Armageddon.