Bolstered by an accelerating global economy, Export Development Canada (EDC) business volume was $26.1bn (US$14bn), of which the small- and medium-sized enterprise (SME) share increased by 20 per cent to over $5.5bn this year, according to the Crown corporation's mid- year business results. EDC provides trade finance and risk management services to Canadian exporters and investors in markets world-wide.
With Canadian exports gaining momentum in 2004, SMEs took greater advantage of the services and products offered by EDC to increase their ability to compete globally. The mid-year results also indicate that more Canadian companies have turned to EDC to help manage their trade and investment risks in emerging and developing markets.
