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Five ways U.S. intervention in Venezuela could affect Canada
The U.S. raid on Venezuela's president impacts Canadian oil markets and asylum claims, with over 3,000 Venezuelans filing refugee claims in 2023, officials said.
- U.S. authorities carried out a raid that reportedly captured Venezuelan President Nicolas Maduro and transferred him to New York.
- Motivated by oil and regional strategy, the U.S. moved after Trump said he plans to control Venezuela's oil industry while violent repression and sanctions drive a migration crisis across North and South America.
- Competition for U.S. refinery capacity could grow as Venezuela's heavy crude matches Alberta's bitumen and analysts note production could rise from about 1.1 million barrels a day.
- Canada faces rising Venezuelan asylum claims after the Immigration and Refugee Board recorded 3,054 referrals in 2023, and generally uses administrative deferrals instead of deportations, though the Canada Border Services Agency could resume removals if conditions improve.
- Observers warn the capture could encourage further U.S. interventions as analysts highlight Cuba's protests and Canada's ties as a major investor and tourist source.
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Five ways U.S. intervention in Venezuela could affect Canada
U.S. President Donald Trump stunned the world on the weekend by ordering a military raid on the Venezuelan capital, capturing President Nicolas Maduro and bringing him to New York to face charges.
·Kelowna, Canada
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Implications of U.S. Intervention in Venezuela - ActionForex
Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro. The geopolitics may prove to be the most interesting aspect of U.S. intervention in Venezuela as fragmentation may be exacerbated and countries may shift strategic alignments to demonstrate supp…
Coverage Details
Total News Sources32
Leaning Left18Leaning Right0Center5Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
C 22%
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