Oh, Canada? | Latin Trade Group

When the upstart Canadian Council for the Americas hosted its first gala dinner in 2011 in Toronto, the event sold out in a few weeks, with over 400 people paying $500 per seat.  Attending Canadian media was astounded. Canadian business was not.

The relationship between Canada and Latin America & the Caribbean (LAC) dates back close to 300 years when Halifax ships brought cod and timber to Kingston in return for sugar and rum. Since 2005, however, the investment ties between the two have soared, propelled overwhelmingly by the mining industry. In most sectors, Canadian companies struggle to reach the global top 25 list. But in banking and mining, Canada is home to three and four entries on the top 25 lists respectively. Canadian miners have led the recent charge into Latin America, including some little-known mining jurisdictions: Ecuador, Guatemala, Dominican Republic, Argentina, Colombia, Panama and Suriname.

via Oh, Canada? | Latin Trade Group.