The Globe and Mail reports in its Saturday edition that for Canadian companies doing business in Colombia, the geopolitical picture has grown complicated. The Globe's Tim Kiladze and Niall McGee write that after U.S. President Donald Trump captured Venezuelan President Nicolas Maduro, asserting control over the country and its vast oil reserves, he quickly pivoted to Colombia and called its President, Gustavo Petro, "a sick man who likes making cocaine and selling it to the United States. He's not going to be doing it for very long." The U.S. President has a history of making threats, only to get distracted by a shiny new object. Latin Americans also have thick skin after decades of coups and dictatorships, so life goes on. However, Colombia has an elected government." Bank of Nova Scotia chief executive officer Scott Thomson echoed that sentiment at an investor conference last week. "Longer term, this is a good thing for the Western Hemisphere. It's a good thing for the U.S. It's a good thing for the Bank of Nova Scotia," Mr. Thompson said, referring to the United States reasserting its influence. Scotiabank is a major lender in Latin America, with sizable operations and investments in Mexico, Chile, Peru and Colombia.
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