|Peru was the fourth largest investment market for Canadian businesses. Above: Antamina Mine (partially Canadian owned) is one of the many companies investing in Peru.|
(LIP-jl) — According to Canada’s National Statistics Agency, direct investments in Peru surpassed US$2.6 billion at the end of 2006, making it Canada’s fourth most important investment market in the South American/Central American region.
The Canadian agency reports that a total of US$20.084 billion were invested by Canadian companies in 12 South American and Central American countries, representing an increase of 11 percent based on figures registered in 2005.
Brazil received the bulk of Canada’s investment dollars in the western hemisphere (aside from the United States). Canadian investments in Brazil reached US$7.455 billion. Brazil is also the largest Latin American investor in Canada.
Meanwhile, Chile took in US$4.6 billion of Canadian investments, mostly in mineral extraction and in Chile’s private sector.
Chile’s neighbor to the east, Argentina, received US$3.3 billion while Chile’s neighbor to the north, Peru, placed fourth on the list.