Resources

COVID-19

Q&A - EDC

Supplier: Export Development Canada (EDC)

EDC increased its internal capabilities to respond to the concerns of Canadian exporters and they are prepared to act swiftly to ensure they have access to credit if needed. To better understand the public health crisis affecting countries around the world and its impact on the global economy, here are some of the frequently asked questions about the coronavirus (COVID-19).

RESOURCES FOR CANADIAN BUSINESSES

Supplier: Trade Commissioner Service - Global Affairs Canada

A list of resources made available to you by the Trade Commissioner Service - Global Affairs Canada. These resources revolve around 4 considerations: supporting your employees, financial implications and business preparedness, travel and business events, as well as exporting and and doing business in international markets.

BUSINESS CREDIT AVAILABILITY PROGRAM (BCAP)

Supplier: FEDERAL - Export Development Canada (EDC) and the Business Development Bank of Canada (BDC)

nder the federal government’s new Business Credit Availability Program (BCAP), Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) can now provide more than $10 billion of additional financing to customers facing economic challenges caused by COVID-19.

WORK-SHARING TEMPORARY SPECIAL MESURES

Supplier: FEDERAL - Employment and Social Development Canada (EDSC)

Employers experiencing downturn in business due to COVID-19 can now access the Work-Sharing (WS) is an Employment Insurance (EI) program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control of the employer.

Economic Response Plan: Support for Canadians and Businesses

Supplier: FEDERAL - Department of Finance

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.