Category: News

Let’s stop financing risky Candu loans

(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.

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Financial sinkhole

(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.

Letter to the Editor

(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.