WINNIPEG, Nov. 7 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Canada’s Maple Leaf Foods Inc. has announced that it plans to reduce its environmental impact by becoming carbon neutral. Chief executive officer Michael McCain said “the global food system must change dramatically if it is to sustainably feed the world’s growing population,” according to the Canadian Press. The company says it will reduce emissions and invest in environmental projects in both the United States and Canada, including wind energy, forest protection and re-forestry, and recovering methane in order to reduce emissions of the greenhouse gas.
– French President Emmanuel Macron has characterized NATO as “brain dead” due to middling commitment from the United States. In an interview with the Economist, he referred to the U.S.’s failure to consult NATO before removing forces from Northern Syria, which took NATO allies by surprise. “The alliance only works if the guarantor of last resort functions as such. I’d argue that we should reassess the reality of what NATO is in the light of the commitment of the United States,” said Macron.
– Health Canada has reported that Canadian cannabis producers are sitting on an unprecedented amount of unfinished cannabis inventory that could trigger a price crash. In 2019, the amount of unfinished inventory has nearly tripled, reaching 328,000 kilograms in August. Per definition, according to Health Canada, unfinished inventory is defines as the amount of cannabis held in stock by a “cultivator or processor that is not packaged, labelled and ready for sale.” Canadian rap sensation Drake has recently announced his partnership with Canopy Growth. “The opportunity to partner with a world-class company like Canopy Growth on a global scale is really exciting,” Drake said in a news release on Thursday.