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Colombia is Canada's very special new friend

Friday, April 27, 2012


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