Latin America News
LAST UPDATE: June 16, 2025
Carney Flexes Economy-First Foreign Policy as G‑7 Meets in Canada
Prime Minister Mark Carney shifted Canada’s foreign policy tone at the G‑7 summit, prioritizing economic diversification, trade deals, and hard power partnerships. He also emphasized meeting NATO defense spending targets and reducing reliance on the U.S.
Insight
Carney is positioning Canada as a pragmatic global actor, distancing from Justin Trudeau’s values-driven style. By focusing on economics and defense, he aims to give Canada leverage in unpredictable U.S.–Canada dynamics. (muckrack.com, bloomberg.com, politico.com)
Peru’s Growth Misses Expectations as Fishing, Farming Contracts
Peru’s GDP growth in April slowed to approximately 1.4% year-over-year, falling below forecasts. The contraction was driven by weak performance in fishing and farming, two critical sectors of Peru’s export economy.
Insight
The underperformance reflects ongoing climate-linked disruptions (e.g., El Niño) and global demand volatility. Stimulus or sectoral diversification may be required to stabilize short-term output.
Carney Flexes Economy-First Foreign Policy as G‑7 Meets in Canada
Canadian PM Mark Carney used the G7 summit to project a new foreign policy doctrine focused on trade competitiveness, strategic defense, and reducing dependency on the U.S., signaling a break from Trudeau’s value-based diplomacy.
Insight
Carney’s pivot signals Canada’s alignment with pragmatic, economically driven global positioning—prioritizing resilience in defense, trade, and diplomacy over moral leadership.
