Supporting Canadian Business Through the Canada Account | Mar 20, 2020
The government is changing the Canada Account so that the Minister of Finance would now be able to determine the limit of the Canada Account in order to deal with exceptional circumstances. The Canada Account is administered by Export Development Canada (EDC) and is used by the government to support exporters when deemed to be in the national interest. This will allow the government to provide additional support to Canadian companies through loans, guarantees or insurance policies during these challenging times.
Learn more about Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses by visiting www.canada.ca.