Latin America News
LAST UPDATE: August 26, 2025
Canadian, US Officials to Meet After Canada Removes Some Tariffs
Canadian officials, including Dominic LeBlanc, are scheduled to meet U.S. Commerce Secretary Howard Lutnick after Canada removed certain retaliatory tariffs on U.S. goods.
Insight
This step might ease bilateral tensions and pave the way for renewed trade negotiations between Canada and the U.S. under the CUSMA framework.
IMF sees Panama GDP up 4.5% this year in rebound from copper mine closure
The IMF projects Panama’s GDP to grow 4.5% in 2025 as the economy rebounds from the late-2023 closure of the Cobre Panama copper mine, supported by non-mining sectors expanding.
Insight
Panama’s successful economic diversification is boosting recovery, though lingering global and budget risks remain factors to watch.
Mexico posts Q2 current account surplus of $206 mln despite US trade uncertainty
Mexico recorded a current account surplus of $206 million in Q2 2025, reversing a deficit from Q2 2024, signaling resilience amid ongoing trade uncertainties with the U.S.
Insight
The surplus underscores strong external balance and Mexico’s growing resilience, reinforcing its attractiveness despite trade pressures.
Banco do Brasil Says It’s Been Targeted by Bolsonaro Allies
Banco do Brasil said allies of former President Jair Bolsonaro tried to destabilize the state-run bank by spreading false claims and urging withdrawals.
Insight
This highlights Brazil’s political polarization spilling into financial institutions, with potential risks for market confidence.
Venezuela Sends 15,000 Troops to Border as US Warships Approach
Venezuela deployed 15,000 troops to its border as U.S. warships approached, signaling heightened military readiness.
Insight
The move reflects rising tensions with Washington and shows Venezuela’s attempt at deterrence amid growing geopolitical pressure.
