Latin America News
LAST UPDATE: September 25, 2025
Argentine assets rally as Bessent details strong US support
Argentine financial assets, including stocks and bonds, have rallied following a pledge of strong US support. US Treasury Secretary Scott Bessent stated that “all options” are on the table to stabilize Argentina’s economy. The pledge of support comes ahead of a meeting between US and Argentine presidents.
Insight
The US Treasury’s public support for Argentina is a significant confidence booster for the country’s struggling economy. This intervention signals a strategic political and economic alliance, and its success will depend on the specifics of the aid package and Argentina’s ability to implement fundamental reforms.
Mexico’s Inflation Quickens Before Banxico’s Rate Meeting
Mexico’s inflation rate has quickened ahead of the central bank’s (Banxico) upcoming rate meeting. This acceleration is putting pressure on Banxico to raise interest rates to tame rising consumer prices. The central bank had previously kept its key rate steady, but recent data may force a change in its stance.
Insight
The quickening of Mexico’s inflation rate highlights the persistent global challenge of rising prices. It puts Banxico in a difficult position of balancing economic growth with the need to control inflation, which could lead to a rate hike that could slow down the economy.
Canada Factory Sales Estimated to Have Fallen 1.5% in August
Canada’s factory sales are estimated to have fallen by 1.5% in August, which would mark the first decline since last year. The decline is attributed to a slowdown in several sectors, including motor vehicles and petroleum products. The data suggests a potential cooling in Canada’s manufacturing sector.
Insight
This estimated decline in factory sales signals a potential headwind for Canada’s economy. The slowdown in key sectors suggests that global economic uncertainty and trade tensions may be impacting manufacturing activity, which could have broader implications for economic growth.
