Export Development Canada has played an increasingly active role in providing loans and investments to small and medium-sized businesses in recent years. Over the past decade, EDC has nearly tripled these investments, making $320-million in direct investments and $265-million in fund investments in 2023. Ottawa is directing Crown corporations that finance small and medium-sized businesses to increase their risk appetite to get more dollars flowing to Canadian companies.
BDC and EDC have played increasingly active roles in recent years in providing loans and investments to small and medium-sized businesses. According to data provided by EDC, it made $18-million in direct investments and $198-million in fund investments in 2013. That total amount had nearly tripled a decade later, with EDC making $320-million in direct investments and $265-million in fund investments in 2023.
But there’s also risk. As BDC’s VC arm rode the tech-investment wave on the way up, it fell with it on the way down, generating losses of $638-million for the year ended March 31, 2023, and a further $165-million loss for the following nine months. “Government has played its role in constructing and establishing free trade agreements,” Ms. Lavery said in an interview. “It’s then about getting Canadian exporters to use the free-trade agreements.”
Bdc Canada Government Investments Budget Way Investment EDC Department Of Finance Ottawa
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ctvottawa - 🏆 29. / 67 Read more »
Source: ctvottawa - 🏆 29. / 67 Read more »
Source: ctvottawa - 🏆 29. / 67 Read more »
Source: CBCOttawa - 🏆 68. / 51 Read more »
Source: ctvottawa - 🏆 29. / 67 Read more »
Source: globebusiness - 🏆 31. / 66 Read more »