As of November 21, 2024, the Canadian Dollar (CAD) has maintained a stable exchange rate against the United States Dollar (USD), with both buying and selling rates standing at $1.40. This rate is based on open market dynamics, which can fluctuate in response to global demand and supply. It’s essential to note that currency exchange […]

The Bank of Mexico, also known as Banxico, has taken another step towards reducing its benchmark interest rate. The five-member governing board voted unanimously to lower the key rate by 25 basis points, bringing it down to 10.25%. This move is seen as a positive sign that core inflation is on the decline and could […]

Mexico is facing an economic storm, triggered by a credit downgrade, a judiciary overhaul, and a furious president. The situation began when President Claudia Sheinbaum accused ratings agencies of having a “bias of origin” against the economic policies her party adopted under former President Andres Manuel Lopez Obrador. Moody’s ratings service downgraded Mexico’s government debt […]

The Mexican government plans to provide 136 billion pesos ($6.69 billion) to the state-owned oil producer Pemex next year to help it pay off its debts and loans, according to a recent budget proposal released on Friday. Pemex has significant financial liabilities totaling nearly $97.3 billion, with approximately $9 billion in bond payments due next […]

Yucatan is one of the five states in Mexico with the highest cost for the basic basket of goods, with prices increasing by 4.56%. The National Alliance of Small Merchants (Anpec) reported that Yucatan is among the states where the prices of the basic basket have risen the most. With an inflation rate of 4.76%, […]

Donald Trump has made it clear that he plans to impose a 25% tariff on Mexican imports if the country does not stop the flow of migrants and drugs into the United States. This threat has sent shockwaves through the Mexican economy, with the peso plummeting to its lowest rate in two years. Economic Implications […]

Campeche has been identified as the fifth state with the highest inflation in Mexico at the end of October 2024, driven by rising prices of agricultural and energy products. According to the latest report from the National Institute of Statistics and Geography (INEGI), Campeche experienced a monthly inflation increase of 1.38%, which is above the […]

The Mexican peso (MXN) continued its winning streak on Thursday, gaining against the US dollar (USD) after the Federal Reserve’s decision to cut interest rates by 25 basis points. The USD/MXN exchange rate dropped below 20.00, with a current trading price of 19.78, down 1.42%. The Fed’s statement highlighted a solid economy despite a slight […]

One of the most anticipated legal benefits for workers in Mexico is the Christmas bonus. As the end of the year approaches, many are eager to know the deadline for receiving it and whether it will be doubled in 2024. Christmas Bonus 2024: Deadline and Amount According to the Federal Labor Law (LFT), Article 87, […]

The deterioration of Mexico’s fiscal position has become a significant vulnerability factor for the country, particularly in light of the upcoming US electoral process. Prior to this crucial event, foreign investors withdrew from Mexican securities in October, marking two consecutive months of disinvestment. According to data from the Bank of Mexico up to October 25, […]