The Focus Shifts to Greenland
Author: Greg Valliere
March 26, 2025
THE IDEA OF THE U.S. barging into Greenland, eager to take control of precious minerals and shipping lanes, seemed like a joke as 2025 began. But no one is laughing now.
A HIGH-LEVEL U.S. DELEGATION, INCLUDING SECOND LADY Ursa Vance, is scheduled to arrive on the island this Friday, even though Greenland officials insist that this is not a welcome visit but rather is a “provocation.”
OTHERS IN U.S. DELEGATION will include national security adviser Mike Waltz, who has had a rough week, and Energy Secretary Chris Wright. Also in the delegation will be Vice President Vance, who decided earlier this week to join his wife. They’ll get lots of publicity back home.
THEIR MANDATE IS UNCLEAR: It’s highly unlikely that the unwelcome visit will improve relations. The new Greenland prime minister said the visit showed a “lack of respect for the Greenlandic people.”
VANCE SAID THIS WEEK that a goal is to increase protection for Greenland, which he said had largely been ignored by Denmark, which owns the island. Vance said this week that “we think we can take things in a different direction, so I’m going to check it out.”
GREENLAND HAS ONLY 57,000 PEOPLE, prompting some analysts to predict that the U.S. could give all of those people a fat check to open up the island. Other options include generous U.S. payments to open up the country’s energy resources and shipping lane.
THIS VENTURE HAS VIRTUALLY NO SUPPORT IN CONGRESS, just as any half-baked effort to make Canada the 51st state has virtually no support. But Donald Trump is undaunted. “We’re going to get Greenland,” Trump said last month. “One way or the other, we’re going to get it.”
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.
AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
For further information, please visit AGF.com.
©2025 AGF Management Limited. All rights reserved.
