
Amid the federal government’s efforts to open up new markets, Export Development Canada (EDC) said in a report released Thursday that Canada needs to invest in processing raw materials domestically and turning them into higher-value products instead of exporting them in their raw form.
EDC CEO Alison Nankivell said such investments could add nearly $100 billion to Canada’s GDP over the next decade. The report used yellow peas as an example. While exporting raw peas may generate about $30 per tonne, processing them into flour can raise the value to $300 per tonne. Turning them into products...


