Canada

The U.S.-Mexico-Canada Agreement kicks in Wednesday, but the culmination of years of negotiations won’t necessarily mean the end of trade tensions among the three North American nations.

Cannabis company Cresco Labs said Wednesday it has closed a sale-and-leaseback transaction for its Massachusetts facility with Innovative Industrial Properties Inc. (IIP). Cresco will receive $29 million for the sale of the facility, with $21 million earmarked for tenant improvements. The facility is about 118,000 square feet of industrial space, including cultivation space, a processing plant and dispensary serving medical and adult-use cannabis. The company entered amendments to its leases with IIP last month for real estate in Michigan and Ohio for $17 million. Shares were not active premarket, but have fallen 40% in the year to date, while the Cannabis ETF has fallen 24% and the S&P 500 has fallen 4%.

Aurora Cannabis Inc. said Monday that co-Founder and former Chief Executive Terry Booth is retiring from its board. Booth was CEO of the Canadian cannabis company from December 2014 through February 2020 and served on the board since 2014. U.S.-listed hares were down 1.8% premarket and have fallen 52% in the year to date, while the Cannabis ETF has and the S&p 500 has fallen 24% and the S&P 500 has fallen 7%.

Climate change has been transforming the Arctic for about 30 years.

U.S. cannabis company Acreage Holdings Inc. took an impairment charge of nearly $200 million in reporting first-quarter earnings Thursday afternoon. The company reported an overall loss of $172 million, or $1.85 a share, on net sales of $24.2 million, up from revenue of $12.9 million a year ago, with most of the losses coming from a pre-tax charge of $196 million that came to $164.7 million after taxes. Acreage said that the charge was related to an earlier restructuring announcement, but noted that the "charge was higher than previously guided due primarily to impairments based on current fair market value in certain states and the write down for its services agreement in Maine, which were not initially contemplated." Acreage stock shot 23.7% higher in Thursday's regular trading session after Canopy Growth Corp. amended its merger agreement to provide capital to the U.S. company. Canopy agreed to acquire Acreage more than a year ago, but can not actually own the company outright until or unless the U.S. legalizes marijuana federally, as Canada has.

Our call of the day has charted out some highs and lows for the S&P 500 that investors need to watch out for in coming weeks and months. And here’s what could cause a trigger.

Oil futures rise for a second session on Thursday, logging their highest finish since March, amid support from data showed the biggest weekly U.S. crude supply decline since 2019 and stronger-than-expected domestic job growth in June.

Gold futures settle higher Thursday as investors showed concern over the economic impact of the rising numbers of new COVID-19 cases in the U.S. and around the world despite improving economic data.

Oil futures end higher Wednesday after a U.S. government report showed the largest weekly decline in domestic crude inventories so far this year.

Gold futures settle with a loss Wednesday after topping $1,800 and marking the highest finish since in nearly nine years a day earlier, as uncertainty swirling around global economies amid coronavirus provided support for the precious metal.