EDC Expands European Footprint to Boost Canadian Exports

Event summary

EDC is opening new representations in France and Sweden, with a planned office in Poland for 2027.
Total trade between Canada and the EU reached $178.6 billion in 2025, up 75% since CETA's implementation in 2017.
EDC facilitated $16.2 billion in Canadian exports to Europe in 2025, supporting over 1,700 businesses.
31% of Canadian exporters plan to enter Europe in the next two years, with projected export potential of $104 billion in goods and $41 billion in services by 2035.

The big picture

EDC's expansion comes as Europe undergoes significant economic transformation, with investments in energy security, defense modernization, and digital technologies creating new opportunities. The move aligns with Canada's goal to double non-U.S. exports, leveraging CETA's preferential trade access to over 700 million consumers. EDC's combination of financing, risk expertise, and local relationships positions it to support Canadian exporters in navigating these dynamic markets.

What we're watching

Market Penetration: How EDC's expanded presence will accelerate Canadian companies' entry into key European markets.
Sector Alignment: Whether EDC's focus on energy, defense, and digital technologies will drive targeted export growth.
Competitive Dynamics: The pace at which EDC can differentiate itself from other export credit agencies in Europe.