Canada’s Venezuelan oil problem

2026-01-06

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In the wake of the U.S. arrest of Venezuelan President Nicolás Maduro, there has been a flurry of concern about what that country’s oil could mean for the Canadian economy.Is American access to the world’s largest proven oil reserves a major threat to Canada? Have we lost leverage with the U.S. as we move forward in trade negotiations? Over the last few days, Trump has threatened Cuba, Greenland, Iran, Colombia and Mexico. What are Canada’s primary concerns as we navigate this new reality?

In the wake of the U.S. arrest of Venezuelan President Nicolás Maduro, there has been a flurry of concern about what that country’s oil could mean for the Canadian economy.

Is American access to the world’s largest proven oil reserves a major threat to Canada? Have we lost leverage with the U.S. as we move forward in trade negotiations?

Over the last few days, Trump has threatened Cuba, Greenland, Iran, Colombia and Mexico. What are Canada’s primary concerns as we navigate this new reality?

From CBC’s Parliamentary bureau, senior reporter Evan Dyer is here. Evan has a lot of experience covering Canadian foreign policy, Latin America, and has reported extensively from the region.

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts

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