Mexico's central bank may pause cuts to its benchmark interest rate in the face of an inflationary rebound, deputy governor Jonathan Heath said in an interview with local newspaper El Economista published on Wednesday, Reuters reported. Mexico's annual inflation rate accelerated in May and exceeded the upper-end of the central bank's target range of 3% plus or minus one percentage point. "We expect this small rebound to be temporary and inflation to resume its downward trajectory in the coming months", Heath said.

4Front Ventures Corp., a vertically integrated cannabis operator, announces that, following its previously announced U.S. bankruptcy petition, that it has made an assignment into bankruptcy pursuant to the Canadian Bankruptcy and Insolvency Act, according to a company press release. B. Riley Farber has been appointed as the trustee in the Canadian Bankruptcy Proceedings. Further information may be obtained from the trustee at [email protected] or on the case webpage www.brileyfarber.com/engagements/4frontventures/.

The financially struggling Cape Breton Farmers' Market Co-operative has filed for bankruptcy a year after getting into a dispute with its former landlord in downtown Sydney, Nova Scotia, CBC.ca reported. Last May, the co-operative's vendors were locked out of their space in the Old Triangle building after D. MacPhee Realty said it was owed $76,000 in back rent and property taxes. The market's manager at the time, Pauline Singer, told reporters it owed about $25,000 in property taxes it was supposed to pay to the landlord as part of the lease agreement.

Brazilian airline Gol formally exited its bankruptcy proceedings in the U.S. on Friday, setting the stage for fleet expansion and new flights and routes within Brazil and other countries, Chief Executive Officer Celso Ferrer said, Reuters reported. In 2024, Gol became the second Brazilian airline, after Latam in 2020, to seek chapter 11 bankruptcy protection in the United States as the sector grappled with debt burdens, a steep decline in passenger numbers during the COVID-19 pandemic, and aircraft delivery delays. Azul, a Gol competitor, filed for chapter 11 last month.

Marelli Holdings, a Japanese auto parts supplier owned by private equity firm KKR, is considering filing for Chapter 11 bankruptcy protection in the United States, Kyodo news agency reported on Saturday, according to Reuters. Marelli, a key supplier to embattled Japanese automaker Nissan Motor, is looking into the chapter 11 option to ensure its business operations won't be halted even if its restructuring talks with creditors fall through.

Builder.ai filed for bankruptcy in the U.S. after creditors seized most of the cash in the British startup’s bank accounts, Bloomberg News reported. The company published a list of creditors in a chapter 7 case in a Delaware bankruptcy court, Builder.ai said in a filing dated June 2. Read more. (Subscription required.)

Canada prepared possible reprisals while the European Union reported progress in trade talks on Wednesday as new U.S. metals tariffs triggered more disruption in the global economy and added urgency to negotiations with Washington, Reuters reported. President Donald Trump's doubling of tariffs on steel and aluminum imports kicked in on Wednesday, the same day his administration sought "best offers" from trading partners to avoid other punishing import levies from taking effect in July. The move will hit the closest U.S. trading partners - Canada and Mexico - especially hard.

The Bank of Canada left its main interest rate unchanged, at 2.75%, saying the economy has softened but not deteriorated, and inflation has picked up steam, the Wall Street Journal reported. Bank of Canada Gov. Tiff Macklem said officials expect second-quarter economic growth to be “much weaker” after a surprise 2.2% annualized increase in the first quarter that was buoyed by exports and inventories as companies rushed to purchase goods to avoid tariffs.