Trudeau government’s interest in supporting Peruvian coup regime
Canada’s Ambassador to Peru, Louis Marcotte, is actively trying to cooperate with the new President - Dina Boluarte. Canada shows clear support of the new government. Why?
Canada has mining interests in Peru.
Canadian mining companies dominate in Peru, with 71 Canadian firms operating the country. They have $9.9 billion in assets, which was equivalent to 4.5 percent of Peru’s GDP in 2021.
When Castillo was running for President, he criticized foreign mining companies. He promised regulations and that some profits would go to communities in mining regions. If Castillo had achieved what he wanted, it would have impacted business opportunities for Canada
Canada has poured millions of dollars into Peru’s Ministry of Energy and Mines and mining related initiatives since the early 2000s.
With Boluarte in power, Canada is supoorting the new government in an attempt to preserve its achievements.