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Toronto’s Colombian connection

In recent years, the city’s stock and capital markets have played a critical role in financing the Latin American country’s oil boom.

When Colombia’s top energy regulator Armando Zamora kicked off his effort to raise international interest in the country’s latest round of bidding for oil concessions, his first stop was not Calgary or Houston or even New York.

He began his international tour in Toronto, which for the last few years has been the most important source of capital for the country’s mining and oil industries.

Mr. Zamaro arrived this week for a two-day visit with pension funds, private equity firms and other investors - a gesture that underscores the critical role played by Toronto’s stock exchanges and capital market in financing Colombia’s oil boom… more

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