Canadian exporter sentiment rose to a four-year high, aided by a weaker currency and optimism about new orders from the U.S. and Europe, according to a survey by the government’s trade finance agency.
Siemens AG won a 1.5 billion-euro ($2.1 billion) contract for a Dutch offshore wind park that will also give Europe’s largest engineering company its biggest-ever energy service contract.
Export Development Canada raised its growth forecast for the global economy, and predicted the nation’s exporters will benefit from an improved U.S. outlook.
Export Development Canada plans its second global offering of bonds this year as soon as September, as the country’s export-financing agency scales back borrowing.
Export Development Canada, the North American nation’s export-financing arm, plans to issue further kangaroo bonds after its first sale today.
A survey by the country’s trade financing agency showed the first back-to-back rise in confidence among the nation’s exporters in more than three years on optimism the global economy is gathering steam.
Canadian Imperial Bank of Commerce sold Australian dollar-denominated debt for the first time, joining a record wave of foreign companies issuing so-called kangaroo bonds to diversify funding sources.
Canadian Finance Minister Jim Flaherty’s spokesman said there are no new developments today in the process of appointing a replacement for Bank of Canada Governor Mark Carney.
Following is the text of the budget speech delivered in Ottawa to lawmakers by Finance Minister Jim Flaherty.
Toronto-Dominion Bank said it’s the first Canadian commercial lender to sell a so-called green bond, offering a C$500 million ($454 million) debt security tied to funding environmental initiatives.