2024 Integrated Annual Report: Local to Global (EDC Investments)

Summary

• EDC served 27,873 customers in 2024 (2023: 27,377).p.12
• EDC supported $123.4 billion in exports, foreign investment and trade development activities in 2024.p.13
• In 2024 EDC supported $123 billion in trade and business volumes, an estimated $87 billion of GDP and more than 475,800 full-time equivalent jobs.p.11
• Canadian exporters receiving EDC support generated 23% more revenues, had 16% higher employment and 6% greater employee productivity than similar non-customers.p.11
• EDC facilitated $9.7 billion in business activity for 500 companies in the cleantech sector.p.13
• EDC achieved a Net Promoter Score of 75.8 and a Productivity Ratio of 40.8%.p.14
• In 2024 EDC invested a total of $100 million in fast-growing Canadian AI companies.p.27

Key insights

1. Business facilitated in emerging markets was $23.4 billion, compared to $27.7 billion in 2023.p.13
2. Business facilitated was $8 billion lower than in 2023 because of the timing of large renewals in the financing portfolio.p.13
3. Medium-sized companies represent roughly 8% of the country's exporting companies but generate 21% of export volume.p.19
4. Approximately 79% of EDC's financial solutions are delivered with or through partners.p.28
5. EDC administered $49.1 billion in partially forgivable CEBA loans to almost 900,000 small businesses with 233 financial institutions.p.28
6. The Bank of Canada reduced its policy rate by 175 basis points, bringing it to 3.25%.p.9
7. Through the Business Connections Program EDC made 908 introductions and 158 contract wins.p.20
8. Under the EDC Investment Matching Program, EDC matches up to $25 million in capital on the same terms as other investors.p.19
9. EDC served 1,529 customers and facilitated $13.0 billion in business in the Indo-Pacific region in 2024.p.23