TRU professor talks impact of Maduro arrest, US actions in Venezuela
KAMLOOPS — Over the weekend, United States Special Forces apprehended Venezuelan president Nicolas Maduro on US federal drug trafficking charges, removing him from power and transporting him to New York to face prosecution. President Donald Trump has claimed the regime change will now allow his administration to run the South American country.
The arrest has already impacted the Canadian economy, with oil company shares falling in Monday (Jan. 5) trading.
“This is going to have impact not only for China, as China is the largest importer (from Venezuela) but also for Canada,” said TRU assistant professor Saira Bano. “If US companies are going into Venezuela and they are going to invest there and do business there, it means the demand for Canadian oil is going to go down — so for the Canadian economy, obviously it is going to have impact.”


