EDC’s Annual
Public Forum

An audio recording of Export Development Canada’s 2016 Annual Public Forum teleconference is now available:

Welcome to Export Development Canada’s (EDC) Annual Public Forum, a new platform EDC is using to engage stakeholders and the general public. The forum is an opportunity to learn more about EDC and ask questions about our policies, business model, corporate priorities, and guiding principles.

Below you will find information on EDC’s corporate governance, corporate highlights, fiscal results, and Corporate Social Responsibility practices in 2016.

The question period for the 2016 Forum closed on May 3rd and responses to the questions received can be found below, following the Corporate Social Responsibility section. A big thank you to all who participated, and we hope to hear from you again next year.

Corporate Governance

Corporate Highlights

Financial Results

Corporate Social Responsibility

Questions and Responses

Question #1
Can you do training sessions for the youth, who are the future leaders of our society?

Export Development Canada (EDC) has multiple initiatives designed to create opportunities for the youth to increase their knowledge about international business.

Student Recruitment

EDC actively recruits students in commerce, international business, finance, accounting and other disciplines. While the majority of our student positions are finance related, we also offer positions in risk management, insurance, computer science, communications, marketing, human resources, economics, sales, and environmental sciences.

EDC’s Student Program offers great learning opportunities, a fast-paced work environment, challenging assignments, and networking opportunities.

The number of student hires varies as we have a combination of contract extensions and new hires each term. For instance, for our summer 2017 term we are expecting around 65 students. Work terms are typically four or eight months in length and can be counted towards an accredited co-op program with your university. Students are eligible up until 1 year after their graduation date.

Community Investment

EDC offers an International Business Scholarship program to recognize the best and brightest post-secondary students who demonstrate an interest pursuing a career in international trade. EDC awards up to 30 scholarships annually, 25 of which go to Canadian university or college post-secondary students across the country with up to five additional scholarships for students in programs which combine business with environmental or sustainability studies. An EDC scholarship is worth up to $4,000.

Since 1997, EDC has sponsored AIESEC Canada, a student-run organization that provides leadership and international exchange opportunities for Canadian university students. As a supporter we contribute to AIESEC's efforts in connecting Canadian students to professional internship opportunities in emerging markets.

In 2016, EDC partnered with Dalhousie’s Rowe School of Business to support a new “Doing Business in Emerging Markets” program that gives students the opportunity to get hands-on, in-market experience in international business. Students work with Canadian companies based in the Atlantic region and which are exploring expansion opportunities in emerging markets in Africa, Asia, Latin America and Central and Eastern Europe. As part of our commitment to this program, EDC assists the Rowe School of Business in selecting emerging markets, identifying Canadian exporters who are interested in evaluating target markets, and providing soft support through practical lectures and relevant materials.

EDC has sponsored a number of case studies on the global business experiences of Canadian companies. These case studies and teaching notes are produced by faculty members and are available to professors and instructors as materials to expand empirical export and investment content in the classroom. View the list of case studies available.

EDC sponsors a small number of events organized by associations, student groups or universities to promote international trade education. The main event sponsored over the years is the John Molson MBA International Case Competition in which a number of experienced EDC employees have participated as judges.

Forum for Young Canadians

EDC is a sponsor for the Forum for Young Canadians. Participants of the Forum’s programs have the opportunity to learn about government, democracy and citizenship, to meet various actors in the Canadian public sphere, and to connect with other young people whose interests are similar to their own.

EDC contributes a world trade simulation to the forum. It provides participants with insights on how Canada does trade internationally and grows business. The simulation includes activities such as the negotiation of contracts, dynamics of trade, and barriers to trade related to a specific sector. EDC provides its premises for simulation and there are multiple employees who volunteer to assist with the logistics and the running of the simulation.

Any 15-19 year-old Canadian students who are interested in politics and leaders in their communities can participate. Participants are selected on a proportional basis. The week-long program includes a maximum of 120 students per session. For the 2016-2017 program, there were three different sessions.

Question #2
Lesley Davis is a 14 year registered business in Program and Policy Development. My business designed programs and services that are specific to skill set training, policy incorporation and I am Indigenous. I am looking for development business or grant funds to sustain my expansion, where do I begin to become funded? What I would like to have is enough overhead operational funds to manage. I do work however with new purchases, I am finding myself losing my momentum in development. What is eligible for funding to really apply myself to this expansion?

Lesley Davis was contacted and provided the following information about EDC and additional resources.

As a Canadian Crown corporation, EDC operates on commercial principles, charging fees and premiums for our products, and interest on our loans. EDC does not offer financial grants; however, the Trade Links section of EDC’s website lists various resources that provide details on financing programs available through other organizations.

Additional resources worth considering include:

Business Development Bank of Canada (BDC)
Financial Institution owned by the Government of Canada
BDC offers business loans and consulting services to help Canadian businesses grow, both at home and abroad.

Government grants, loans and financing
Canada Business
The online site lets you find government grants, loans and financing specific to your needs.

SME Guide for Exporting - How to Access Trade Finance
International Trade Centre
This guide looks at trade finance in general, providing an overview of financing issues from the perspective of small exporters.

Concierge Service
Government of Canada
The Concierge Service is where small and medium-sized enterprises (SMEs) that are seeking to innovate will find support to identify and access relevant government resources, including funding programs.

Question #3
How is EDC setting up to support new Canadian SME entrants in the European market?

The CETA free trade agreement will help expand Canada’s trade ties to the EU, currently our second largest trading partner. This agreement will give Canadian businesses preferred access to a CAD $22 trillion market, the world’s largest comprehensive economy, and new consumers looking for Canadian goods. The agreement will make it easier and less bureaucratic for Canadian companies to access 27 different markets where there is already interest in Canadian goods.

CETA also encourages more international companies to build their supply chains through Canada, bolstering Canada’s domestic economy and creating new jobs.

While the EU is Canada’s second largest trading partner, there are still unknowns when selling to a new market. EDC has representatives on the ground in Europe that can help identify growth opportunities for Canadian companies, and supply chain opportunities for Canadian SMEs. EDC can help match Canadian SMEs with large foreign buyers in their sector that are looking to expand their supply chain with this new access.

Beyond creating business connections, EDC can provide financing, insurance, bonding, and trade knowledge to help Canadian companies expand into Europe. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.

Question #4
Do continued concerns over the EU’s future – Brexit, French election – change EDC’s assessment of risk for Canadian exporters into Europe?

EDC does not foresee a change in its assessment of risk for Canadian exporters selling into Europe. While events like Brexit and more recently the French election certainly warrant some caution on behalf of exporters, and somewhat cloud the near-term economic outlook for the region, EDC’s overall outlook for European growth remains positive.

To provide feedback on EDC’s Annual Public Forum, please contact us at media@edc.ca