Canada's energy sector service and equipment exporters are in for tough times, and cash flows for oil and gas exporters will tighten significantly. This is already beginning to spill red ink on Canada's trade and fiscal statistics. However, Canada's non-energy sector exporters should see a substantial boost.
Canada designated Latin America as a foreign policy priority in 2007, but its record to date has been narrowly focused on the pursuit of free trade agreements at the expense of deeper engagement on crucial issues such as decent employment, sustainable economic development, citizen security, corporate accountability, democratic governance, and human rights.
In an article entitled "Why Canada And The U.S. Are On The Wrong Side Of Democracy", I describe the shocking downward spiral of Honduras since the illegal coup, and the concurrent loss of economic and political self-determination. This, then, is the consistent pattern when Empire intervenes in the internal affairs of other countries.
Cash has been plentiful in emerging markets. Between 2009-2012 as quantitative easing ramped up, there was a massive expansion in borrowing on global bond markets by emerging market (EM) sovereigns, banks and companies. As a result, EM economies are now closely integrated into global debt markets, and thus more affected by actions taken in Developed Markets (DMs), particularly the withdrawal of quantitative easing (QE).
A Keystone bomb would deliver several payloads: punishment toward anti-American Venezuela; proceeds toward Canada which buys more goods and services from the U.S. than the European Union does; punishment toward Russia by casting into the markets more Venezuelan oil and replacement of Venezuelan oil with Canadian oil that is $30 a barrel cheaper.
The results suggested bacteria are continually in communication with one another. When times get dire, they attempt to find anyone who might have resistance and be willing to pass it on. Once there is a yes, a crowd appears, all hoping for the same gift. Once they get it, they head off to do the same.
You're a prisoner in your own home. Not able to fall asleep from the gunfire down the street, you fear that your house is next. You protested a new law that gave even more power to a despotic government. One of your friends was murdered, another was raped. This is a fear that has not played out in the western world. We have security, peace, and far more freedom than others.
The Conservative government has made the promotion and protection of human rights an integral part of Canadian foreign policy. Canadians expect their government to be a leader in the human rights field by reflecting and promoting Canadian values on the international stage. Venezuela should be no different.
Media around the world have devoted a great deal of coverage to the death of Hugo Chavez, who passed away last Tuesday after losing his fight against cancer. His legacy as the President of the "Bolivarian Republic of Venezuela" needs to be seen in the light of a long tradition of populism in Latin American history.