Colombia is Canada's very special new friend
In January, Canada’s Scotiabank took a controlling stake in Colombia's Colpatria.
But Scotiabank was not acting alone. In fact, there’s a Canadian invasion under way in Colombia.
If Scotiabank is the general in command today, his flanks are well covered by two others—the Toronto Stock Exchange, which provides capital for a raft of Colombian mining and energy companies that are ramping up exploration and production; and the government of Stephen Harper, for whom a new trade deal with Colombia is a key step—albeit a somewhat symbolic one—in the diversification of Canada’s exports and investment into emerging markets.
Source: Globe and Mail