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Canada's export agency commits C$750 million to oil, gas sector

Published 2016-02-25, 03:52 p/m
© Reuters.  Canada's export agency commits C$750 million to oil, gas sector

CALGARY, Feb 25 (Reuters) - Export Development Canada (EDC)
said it would provide up to C$750 million ($554 million) to
Canadian companies to help support the Canadian oil and gas
sector, which has been hit by a slump in oil prices
Canada's export agency said on Thursday that the funding
would focus on small- and medium-sized enterprises (SMEs), where
it can be most effective helping sustain employment and
strengthening the economy.

($1 = 1.3541 Canadian dollars)

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