Canada keeping eye on Guyana’s extractive sector despite fall in gold prices

Nicole Giles

Canada’s interest in Guyana’s extractive sector remains substantial despite the drop in gold prices, according to Canadian High Commissioner Nicole Giles.

This, Giles says, is reflected in the fact that Canadian companies contribute 90% of the total Foreign Direct Investment (FDI) in these sectors in Guyana. She also noted that the investment figure is somewhat dated and that the actual figure is likely to be higher.

Giles says that while Canada is interested in deepening ties to ensure trade relations with regard to gold, bauxite, oil and gas continue to