Latin America News
LAST UPDATE: September 15, 2025
Carney Unveils $9.4 Billion Plan to Build Affordable Homes
Canadian Prime Minister Mark Carney announced creation of a new federal agency called Build Canada Homes, with an initial investment of C$13 billion (~US$9.39 billion). It will build affordable homes, including 4,000 factory/pre-manufactured units on public lands, support mixed-income communities, and preserve existing affordable rental housing. (Reuters)
Insight
This initiative signals a strong government push to address housing affordability and homelessness. Using public lands and modular housing could speed up delivery and reduce costs, but success depends on execution and cooperation with private sector and provinces.
Ecuador Hikes Diesel Price by More Than Half, Ends Subsidy
The Ecuadorian government has removed its diesel subsidy, raising diesel prices by over 50%. Social compensation measures will accompany the move to ease impacts. —
Insight
The move is fiscally motivated to reduce subsidy burdens in light of budget constraints. But the price spike risks inflation and popular discontent, especially among lower-income and rural communities.
