Export Development Canada (EDC) June 16th,2016-
EDC signed more than $28 billion in deals with oil, gas and mining companies
He says EDC usually targets smaller companies to help them export products, but when asked why the Crown corporation was also giving many large corporations support, he says it was because these companies can also provide new business for other Canadian businesses through their ventures abroad. The Crown corporation also supports other sectors of the economy. In 2015, it provided $104.2 billion in total financial support to Canadian companies. This included:
- Information and Communication Technology companies: $4.9 billion
- Infrastructure and Environment companies: $25.8 billion
- Light Manufacturing companies: $9.7 billion
- Agriculture, Fisheries and Forestry companies: $24.3 billion
- Transportation companies: $16.8 billion
- https://www.nationalobserver.com/2016/06/16/news/canada-lent-billions-oil-gas-and-mining-companies-then-it-made-profit