Harpers Latin American Success

Remember that mission to Latin America and the Caribbean that the Harper went on in July to promote development and bi-lateral trade. He missed Cuba, Venezuela, and Bolivia, but made it to Chile. Looks like the mission was a success.

Scotiabank to buy major stake in Chilean bank

Of course we just lost another thousand jobs at GM in Oshawa, despite all the corporarte welfare they got and the previous cuts announced this spring.

And Stelco just got bought by U.S. Steel.While we de-industrialize while watching Canadian resource companies get sold off to foreign capital, Canadian Banks go offshore to invest.

Of course when we think of trade and development Banks buying Banks is not what comes to mind. But thanks to all those bank fees, ATM charges, and tax breaks from the Canadian Government they have excess profits to invest. Profits made off the backs of their workers and Canadian taxpayers.

Bank of Nova Scotia's (BNS/TSX) international group may have taken a back seat to its domestic cousin when the company reported stronger-than-expected third quarter results Tuesday, but it still proved there is plenty of money to make overseas.

Profits at Scotiabank rose 9% year-over-year to $1-billion in the quarter, as domestic operations rung in profits of $391-million, up 23% from last year.

The international group, for their part, turned in profits of $270-million, a 15% increase from the year previous, after Scotia CEO Richard Waugh said operations in Peru, the Caribbean, South America and Chile all reported strong results.

SEE:

Contientalism

Afghanistan or Africa

Bank Union

Left Wing Pragmatism

Banks Profit From Job Cuts

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Harpers Latin America Tour

Harper leaves on his mission to Canada's trading partners in Latin and Central America and the Caribbean. The small number of countries he is visiting shows this trips is all about being Canada's salesman for our friendly Imperialism in the region.

Whether it is promoting our investment interests in Haiti, or those of Barrick Gold in Chile, or the role of the money laundering Scotia Bank in the region. Canadian miners are big investors in the Caribbean and Latin America, and their impact on the environment leave much to be desired.

It is a natural extension of the Conservatives contientialism. They have abandoned aid to Africa, a Liberal policy, for selective aid to countries we have sent our military to, or have investment interests in.

Ironically one of the Caribbean countries we have major investments and influence in is not being visited by Harper, Cuba.

Harper's itinerary is also packed with meetings with Canadian investors in the region, and with speeches to local economists and businessmen.

In Santiago, he will celebrate the 10th anniversary of Canada's free-trade deal with Chile, tour a new Scotiabank office, and stop by the local headquarters of Toronto-based Barrick Gold Corporation, which is developing a highly controversial mine in Chile.

"It will be very disappointing if the prime minister returns from this trip and it simply has been a business-as-usual approach - of trying to sign as many new contracts as possible, slapping leaders on the back, talking about how investment is going to flow and how new commercial opportunities are opening up - without any significant attention paid to these very real human rights concerns," said Alex Neve of Amnesty International Canada.

Well Alex be prepared to be disappointed.

See:

More Munk-Key Business

Haiti Quebec's Shame

Haiti Canada's Colony

Haiti Atrocities

Canadian Imperialism

Gildan Sweat Wear

Gildan Sweat Shop Success Story

Gothic Capitalism Redux

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