Export Development Canada to pay 969M dividend to federal government

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first_imgOTTAWA – Export Development Canada is paying a $969-million dividend to the federal government this year.The payment compares with a dividend of $786 million the agency paid last year and $500 million paid in 2016.EDC generates revenue primarily from interest on loans, fees on its guarantee products, and premiums on its insurance products.The crown corporation says it finished 2017 with $60 billion in assets and earned $1 billion for the year.EDC’s full annual report will be released in the second quarter.last_img

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