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.
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.
Following is the text of the budget speech delivered in Ottawa to lawmakers by Finance Minister Jim Flaherty.
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.