EDC launches Trade Impact Program to support Canadian exporters

Export Development Canada (EDC) has introduced a new initiative aimed at helping Canadian businesses navigate ongoing market uncertainties.

The Trade Impact Program will provide up to $5 billion in additional support over the next two years through financing and insurance solutions, including loans, guarantees and working capital.

“We understand how challenging this moment is and EDC is here to support you. In short, we have your back,” said Alison Nankivell, president and CEO of EDC. “For over 80 years, we have stood tall at the moments when Canadian companies needed us most, and with the Trade Impact Program, we will do so again.”

The program will help companies manage risks linked to supply chain disruptions, market volatility and changes in the U.S. economy. In particular, businesses are expected to seek additional working capital, insurance for accounts receivables and advice on diversifying their markets.

“Canada’s small- and medium-sized businesses have told us that they feel they will be disproportionately impacted by market volatility,” said Todd Winterhalt, senior vice-president, International Markets at EDC. “Our priority is to provide meaningful and timely support so they can focus on what they do best.”

EDC will also offer expanded access to various financial products, including credit insurance, foreign exchange guarantees and financing solutions to support the growth of Canadian businesses in international markets.

To further assist, EDC has launched resources such as a support page and a U.S. market intelligence hub, along with tools and articles to help companies address ongoing challenges in the U.S. market.