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article imageResearcher: Canadian business causing resentment in Latin America

By KJ Mullins     Jun 1, 2010 in Business
A researcher is warning that increased economic involvement in Latin America and the Caribbean is beginning to foster resentment against the nation in those regions.
During the past decade, Canada became the third largest investor in Latin America and the Caribbean, right behind the United States and Spain.
Investments in banking can be seen by Canadians when they travel to the regions. While gas, oil and manufacturing are areas of investment, the mining industry is also a major market for Canadian companies.
Researcher Todd Gordon from Concordia University in Montreal said that Canadian diplomats making trade agreements can fester resentments and upset locals. In the mining companies there have been people killed fighting against the Canadian interests.
"Pretty much anywhere Canadian corporations go, they are facing resistance from local communities and workers," says Gordon in a press release, adding that this is most evident in areas where mining companies are coming to clear the land and set up mining operations."You are seeing militant resistance."
Gordon warns that if policies and approaches do not change Canada's reputation in the region will suffer.
More about Latin america, Carribean, Mining
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