Latin America News
LAST UPDATE: October 11, 2025
Canada, U.S. Have Discussed Reviving Keystone XL, PM Carney Says
Canadian PM Carney said that reviving the Keystone XL pipeline was among energy cooperation projects discussed with Trump.
Insight
The revival could serve both as a symbolic reconciliation and as a lever in broader trade and energy negotiations.
Canada Will Review Trump Minerals Deals Carefully, Minister Says
Canada will evaluate U.S. government investments in its critical minerals sector on a “case-by-case” basis.
Insight
Ottawa appears cautious, signaling that strategic sectors will face heavier scrutiny amid geopolitical tensions.
Canada posts surprise jump in job gains in September, unemployment rate unchanged
Canada added 60,400 jobs in September, reversing prior losses, while the unemployment rate stayed at 7.1%. (Reuters)
Insight
Stronger-than-expected labor data may delay central bank easing and reshape growth expectations.
Brazil to end savings accounts reserve requirements under new real estate funding model
Brazil plans to eliminate mandatory reserve requirements tied to savings accounts for real estate financing under a new model set to start in 2027. (Reuters)
Insight
The shift aims to unlock liquidity for housing credit and reduce the burden on the banking sector.
Argentina’s international dollar bonds fall after strong rally
After a strong rally fueled by U.S. support measures, Argentina’s international dollar bonds pulled back, with the 2029 issue declining ~2.3 cents from its highs. (TradingView)
Insight
The reversal reflects market uncertainty about sustained U.S. backing and Argentina’s capacity to stabilize finances under volatile conditions.
Bessent’s Big Gamble on Argentina Has a Narrow Road to Pay Off
U.S. Treasury Secretary Scott Bessent’s $20B currency swap commitment to Argentina is high risk: success depends heavily on political, fiscal, and structural reform outcomes in a volatile environment. (bloomberg.com)
Insight
The bet underscores U.S. strategic interest in Argentina but highlights that market stability hinges more on domestic execution than financial injections alone.
Ecuador.- El FMI alcanza un acuerdo con Ecuador para otorgarle 518m de euros
El FMI ha alcanzado un acuerdo a nivel de personal con Ecuador para canalizar aproximadamente 600 millones de dólares (518 millones de euros) como parte de la tercera revisión de su programa de crédito. (Europa Press)
Insight
Aun cuando el acuerdo es de índole técnica (staff-level), su aprobación formal puede desencadenar desembolsos que apoyen la recuperación económica de Ecuador.
