World Business Report US set to support Argentina's economy
Sep 24, 2025
Takara Small, a national tech columnist for CBC, joins from Montreal's AI conference to discuss Canada’s efforts in attracting global AI talent. She highlights the government's multi-million dollar strategy aimed at building a powerhouse in artificial intelligence. Small also explores the promising partnership between Canada and the UAE focused on AI adoption for public services. Additionally, she touches on the implications of changing US immigration policies for tech talent migration and the potential risks for local job markets.
AI Snips
Chapters
Transcript
Episode notes
US Backstop Temporarily Restores Confidence
- The US offered $20bn to lend to Argentina's central bank and buy back US-held Argentine debt, boosting the peso and market confidence.
- Ramiro Tosi warns Argentina's crisis stemmed from policy missteps and capital flight that eroded reserves and growth momentum.
Policy Moves Triggered Capital Flight
- Ramiro Tosi links Argentina's slowdown to a July confidence crisis after central bank interventions and capital controls were loosened earlier.
- He says rapid dollar buying and reserve losses forced the central bank to raise requirements and sell reserves, deepening the slump.
Rebuild Reserves To Stabilize Currency
- Accumulate foreign reserves now so the central bank can stabilize the peso and meet market needs.
- Use exporter tax incentives to bring dollars to the market and rebuild reserves promptly.