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Global Markets: Cannabis legal for recreational use in Canada

By Commodity News Service
Oct. 17 (CNS Canada) – The following is a glance at the news
moving markets in Canada and globally.
– Ian Power became the first person to legally buy recreational
cannabis in Canada shortly after 12 a.m. at a cannabis shop in
St. John’s N.L. Today marks the legalization of cannabis across
the country. Power, 46, said it felt great for the historic
moment to happen in Newfoundland. As clocks across the country
reached 12 a.m., patchwork regulations, depending on province,

territory and municipality, came into effect permitting
recreational cannabis use.
– Cultural exemptions in the new United States-Mexico-Canada
Agreement allow for Canadian content rules in digital media,
government officials have confirmed. The U.S. had demanded
during talks that digital content not be subject to cultural
exemptions. The rules could clear the way for Canadian
governments to provide program funding or set favourable rules
for online news, or audio and video content that promote
Canadian cultures.
– The OPEC group of oil exporting nations is telling its members
not to discuss oil prices when talking about policies. The group
hopes to avoid legal action by the United States for market
manipulation, Reuters reports said. U.S. President Donald Trump
has been a critic of OPEC and has asked it to increased
production to help ease price pressures. OPEC nations hope by
avoiding direct discussions of preferred price levels, it can
avoid reprisals from Washington. However, that will also limit
OPEC’s ability to guide market expectations.

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