Annual Report 2020: Business as Unusual (EDC Investments)

Summary

• EDC supported $102.3 billion in exports, foreign investment and trade development activities in 2020.p.10
• CEBA delivered more than $38.4 billion through more than 220 financial institutions to more than 800,000 companies between April 9 and December 31, 2020.p.25
• EDC's Investment Matching Program had 56 deals closed for $125 million in commitments by December 31, 2020.p.24
• EDC facilitated $4.55B of clean technology business and served 288 clean technology customers.p.13
• Canada's share of global exports has fallen from more than 4 per cent in 2000 to 2.3 per cent in 2018.p.18

Key insights

1. Business facilitated in emerging Asia and Pacific markets was $23.7 billion, compared to $28.4 billion in 2019.p.10
2. EDC's insurance program helped over 7,600 customers close approximately $81 billion in export sales, with more than 72 per cent being credit insurance.p.10
3. EDC's financing activities delivered more than $21 billion in new financing to Canadian customers and their foreign trading partners.p.10
4. In 2020 EDC facilitated 9,849 transactions with micro, small and medium-sized customers, including 3,120 with micro, 4,889 with small and 1,840 with medium-sized customers.p.11
5. The medium-sized segment represents more than $7.5 billion per year in untapped trade potential.p.20
6. A later expansion of the EDC BCAP Guarantee for medium-to-larger-sized companies represented $850 million by year-end 2020.p.22
7. The Investment Matching Program matches institutional venture capital investments of up to $5 million, with commitments issued within five to 10 business days.p.24
8. By the end of 2020, more than 800,000 CEBA loans had been issued, getting almost $40 billion into the hands of Canadian businesses.p.5
9. EDC partnered with 233 banks and credit unions to deliver the CEBA program.p.27