Canada to merge export credit agency and business development bank
Canada is planning to merge Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) into a single federal development bank, according to the 2026 Budget tabled by finance minister François-Philippe Champagne last week. The Canadian Commercial Corporation (CCC), the country’s contracting agency, will become a subsidiary of export credit agency EDC as part of…
Canada is planning to merge Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) into a single federal development bank, according to the 2026 Budget tabled by finance minister François-Philippe Champagne last week. The Canadian Commercial Corporation (CCC), the country’s contracting agency, will become a subsidiary of export credit agency EDC as part of…
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