Latin America News
LAST UPDATE: September 6, 2025
Canada Rolls Out Financial Measures to Aid Tariff-Squeezed Sectors
Canada announced financial measures to support industries hit hard by U.S. tariffs, including aid for affected manufacturing sectors.
Insight
These measures demonstrate Canada’s strategy to shield its economy and mitigate the effects of external trade conflicts.
Canada to give auto makers a break on EV sales target, offers tariff aid
Canada will relax EV sales targets for automakers and provide C$5 billion in tariff relief to industries facing U.S. trade barriers.
Insight
The decision signals Ottawa’s attempt to ease industry burdens while encouraging domestic supply chain resilience.
Canada’s high August unemployment buoys bets for rate cut this month
Canada’s unemployment rose to 7.1% in August, its highest in nine years outside the pandemic, fueling expectations of an imminent rate cut.
Insight
The weak labor market strengthens the case for monetary easing, as policymakers balance trade risks with domestic economic stability.
Brazil’s Lula says he expects Mercosur-EU deal to be signed this year
President Lula expects the long-negotiated Mercosur-EU trade deal will be signed within the year, with both sides underscoring its strategic importance.
Insight
A successful signing this year would mark a major breakthrough in regional trade liberalization amid global economic turbulence.
Brazil’s Lula announces $2.2 bln debt relief package for farmers
Lula unveiled a 12 billion reais (~$2.2 billion) debt relief package to support around 100,000 farmers hit by climate stress and rising costs.
Insight
This initiative reflects the government’s efforts to safeguard food security and stabilize rural livelihoods amid growing agrarian challenges.
Pressure grows on Milei ahead of Argentina midterm elections
President Milei faces mounting pressure from a bribery scandal involving his inner circle, and declining approval threatens his reform agenda ahead of midterms.
Insight
The allegations and falling public support may weaken Milei’s ability to push through austerity measures amid political uncertainty.
