The Canadian Government has authorized the Export Credit Insurance Corporation – a federal government insurance institution -to insure the Canada-Israel Corporation against loss in respect of shipments to the Government of Israel to the extent of $5,000,000. This move marks a considerable step in the development of trade between Israel and Canada and forms the basis of loans extended by the Canadian banks to the Canada-Israel Corporation.
The Export Credit Insurance Corporation covers such risks as the insolvency of the buyers, the failure of the buyer to pay the exporters within a year after due date of payment, the operation of any law which would have the effect of preventing payment, the occurrence of war or insurrection and other specified risks.
Power the news that matters to you. Before 2025 ends, help JTA's independent, award-winning newsroom document Jewish history in real-time.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
