Campeche ranks first in poverty in the Yucatán Peninsula, with 45.1% of its 954,659 residents living in such conditions, according to the annual report by the Ministry of Welfare. The 2025 report on poverty and social backwardness indicates that Campeche has 428,968 people living in poverty. This figure includes 337,309 individuals (35.5%) in moderate poverty […]
De-dollarization Takes Center Stage: 11 Countries Say Goodbye to the US Dollar
In a significant move that’s being closely watched across the globe, eleven countries have announced their decision to abandon the use of the US dollar in cross-border transactions. This development has sent shockwaves throughout international markets, with experts weighing in on its implications. At the heart of this shift is the desire by these nations […]
Ecuador Imposes 27% Tariff on Mexican Goods Amid Trade Tensions
In a move aimed at ensuring “fair treatment” of Ecuadorian producers, President Daniel Noboa announced Monday that the country will impose a 27% tariff on goods imported from Mexico. The decision comes as trade tensions between the two nations escalate. According to President Noboa’s post on X, he is open to negotiating a free trade […]
Investment and nearshoring: The real estate sector’s driving force in 2025
However, it also faces significant challenges, such as the housing deficit of 8.8 million homes and the possible effects of US foreign policy. The nearshoring phenomenon has attracted more than $5 billion in industrial investment, which has boosted housing demand in key regions. “You might think that 4% is not that much, but considering the […]
US Imports of Canadian and Mexican Crude Oil Amid Tariff Threats
Many U.S. oil refiners depend heavily on imported crude because their facilities are configured to process heavier grades, such as those from Mexico and Canada. Refiners are now preparing for U.S. President Donald Trump’s threatened tariffs on crude imports from these countries. Tariff Details and Implications On Friday, Trump announced that tariffs on Canadian oil […]
Durango and Oaxaca lead the country’s economic growth
In the third quarter of last year, Durango registered the country’s highest annual growth in economic activity, with a rate of 6.0%, according to the Quarterly Indicator of State Economic Activity (ITAEE) of the National Institute of Statistics and Geography (Inegi). During the first months of 2024, the state consolidated its economic development with the […]
Trump’s Inauguration Sparks Economic Uncertainty in Yucatan
The upcoming inauguration of Donald Trump as president of the United States has generated uncertainty in Yucatan, one of Mexico’s best-performing economies in recent years. In 2019, Yucatan’s economy grew by 1.6%, making it the sixth fastest-growing state economy in the country. However, the protectionist and immigration policies that the new US administration might implement […]
Dollar Exchange Rate in Yucatan: Thursday, January 16, 2025
On the morning of Thursday, January 16, 2025, the dollar exchange rate in Yucatan shows a slight variation compared to previous indicators, reflecting the closing rates from recent hours. The exchange rate is not static and fluctuates constantly due to a complex interplay of economic, political, and geopolitical factors. Dollar Exchange Rate at Banco Azteca […]
De-Dollarization: 12 Countries Officially Abandon the US Dollar
The de-dollarization movement is accelerating as 12 countries have collectively decided to abandon the US dollar for trade. These nations are now using local currencies for cross-border transactions, aiming to reduce their reliance on the US dollar. This shift indicates that emerging economies are eager to strengthen their local currencies and boost their presence in […]
Exchange rate: price of the Canadian dollar in Mexico today, January 15
The Mexican currency is one of the 10 most traded currencies in the international currency market, the most traded in Latin America and the third in the entire continent. Its cost is of great importance at the national and regional level, since the country is characterized by being one of the main commercial partners of […]