Canadian Manufacturing

EDC beefs up Women in Trade program

The export credit agency will increase support available through the program to $100 million, up from $50 million in 2019

February 28, 2020  by CM Staff

Women in business. PHOTO: Cuatrecasas via Flickr

OTTAWA — Export Development Canada (EDC) has announced it will increase funds available for its Women in Trade investments program.

Effective immediately, EDC has established three new commitments of support:

  • Facilitate $2 billion in trade by 2023 – eight times more than the $250 million target set in 2018;
  • Serve 1,000 unique customers by 2023, up from 381 since 2018; and
  • Increase support available through the Women in Trade investments program to $100 million, up from $50 million in 2019.

Related: EDC unveils $50M Women in Trade Investments Program


“We need to encourage women to take bold steps internationally,” said Mairead Lavery, president and CEO of EDC, in a prepared statement. “With our new targets and financial support, EDC will work alongside women entrepreneurs who are breaking down barriers and growing internationally.”

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EDC cites research that shows advancing women’s economic equality has the potential to add $150 billion in incremental GDP by 2026.

As of today, only 11% of Canadian women-owned businesses are exporting, according to EDC.

“Our government will always support women entrepreneurs and business owners because not only is it the right thing to do – it is the smart thing to do,” said Mary Ng, minister of Small Business, Export Promotion and International Trade.


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