Tag: EDC

Repeal the Act and privatize this Canadian SOE

In its submission to Ottawa’s 2018 Legislative Review of the Export Development Act, Probe International calls for a repeal of the Act and the privatization of Export Development Canada (EDC). Probe argues the federal government’s export-financing agency shares many of the same characteristics as China’s controversial state-owned enterprises (SOEs), characteristics that ensure market distortion and stunt private development.

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OPIC should go next

Ex-Im is one of dozens of corporate welfare programs that should end. The Overseas Private Investment Corporation (OPIC), like Ex-Im, hurts domestic competitors, privileges big lenders and is also known to fund questionable projects. Reason.com reports.

EDC Legislation (Chapter E-20)

(August 18, 2008) All spin and no substance: Chapter E-20, the Export Development Act R.S. 1985, c. E20 (formerly Bill C-31) is a devious amendment to convince the public that EDC is doing something to protect the environment while, in fact, EDC is frustrating efforts to stop its environmentally damaging activities. Furthermore, this law prevents any references to the Export Development Corporation on pain of jail or a hefty fine. It needlessly curtails free speech.