Trump pressure on Cuba could hit Canadian companies, business leaders warn
OTTAWA — Business leaders are warning that the Trump administration’s threat to tighten the U.S. embargo on Cuba could sideswipe Canadian companies doing business on the Caribbean island just off Florida’s southern tip.
The Canadian Chamber of Commerce says it is worried that the United States could enact a never-before-used section of the 1996 Helms Burton Act that would allow Americans to sue foreign companies linked to Cuban properties confiscated after its 1959 revolution.
Mark Agnew, director of international policy for the chamber, says it is concerned about the potential impact on Canadian mining, financial services and tourism companies operating in Cuba.