By Commodity News Service Canada
WINNIPEG, Dec. 14, 2017 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
The Interfaith Center on Corporate Responsibility (ICCR) is
calling on American food companies, McDonald’s Corp, Denny’s
Corp and Sanderson Farms Inc to stop buying or producing meat
raised with antibiotics. If the resolutions are not successfully
challenged by the companies, they will come up for vote at the
next shareholders meetings. ICCR members have had previous
success in convincing most American chicken producers to stop
Nebraska’s main anti-pipeline group, Bold Nebraska, is
trying to rally opposition to TransCanada’s Keystone XL
project’s recently approved route through the state. The group
is tracking down landowners it says were not given a voice in
the regulatory process. If the group succeeds it could throw up
new roadblocks to the project by pressing regulators to revisit
TransCanada’s application, or by suing if they refuse.
Canadian plane and train maker Bombardier Inc is
forecasting less revenue for 2018 than was previously estimated.
The company expects revenue of between C$17 billion to C$17.5
billion, well below analysts’ estimates of C$18.37 billion. The
company expects free cash flow to break even in 2018, plus or
minus C$150 million.