There have been several encouraging news reports of Canadian companies of varying sizes doing business in South America.
Genivar Inc., a Montreal-based professional consulting services firm, acquired Colombian engineering firm Consultores Regionales Asociados S.A.S. (CRA) in January 2012. Genivar has been active in Colombia for the past two years, and saw the acquisition of “a top tier Colombian firm in terms of size and reputation […] as being the ideal platform in the region to build and grow [its] activities in all [its] market segments.”  CRA is expected to give net revenues of approximately CDN $10 million to Genivar in 2012. 
Ontario-based Senes Consulting “was part of a consortium of companies working for the Canadian government to evaluate prospective mining areas” in Argentina in 1999.  Specializing in energy, nuclear and environmental sciences, Senes is now providing environmental consulting services to Argentina and Uruguay as well. 
Innovative Composites International Inc.
Toronto-based Innovative Composites International Inc. signed a Cooperation Agreement with a Brazilian contractor in November 2011 to supply prefabricated modular homes made from 100 per cent recyclable material for the US $ 72 billion Brazilian government housing project “Minha Casa, Minha Vida” (“My House, My Life”). 
Rio Verde Minerals Development Corp.
Rio Verde Minerals Development Corp. is a Toronto firm focused on the acquisition, exploration and development of fertilizer projects in Brazil.  Rio Verde’s Brazilian strategy has been to acquire assets strategically located in geologically proven areas with established infrastructure.  Rio Verde holds one potash project in the Northeast of Brazil as well as a portfolio of phosphate projects, concentrated in the North and North Eastern regions of Brazil.