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Export Development Canada (EDC) has provided $690 million in financing and insurance support to 28 Canadian defence and security companies. This initiative comes at a time of global uncertainty and aims to enhance Canada's national security, economic resilience, and industrial competitiveness.

EDC's approach includes working capital, project financing, and export expertise to help these companies meet rising demand from allies and emerging markets. Additionally, EDC has committed $10 million to Maritime Launch Services for the development of Spaceport Nova Scotia.