Toronto stocks, loonie close higher, while U.S. markets mixed + MORE Mar 13th

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The new agency’s greatest challenge isn’t a lack of resources. It’s U.S. President Donald Trump and the uncertainty gripping investment in Canada.

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What’s happening to Canada’s defence spending? Harjit Sajjan respondsDefence Minister Harjit Sajjan answers a question during Question Period in the House of Commons in Ottawa on Thursday, June 9, 2016. (Adrian Wyld/CP)
Harjit Sajjan is Canada’s minister of defence. Here, he responds to an opinion piece by Ken Hansen on national defence spending, which first appeared on macleans.ca.
On Jun. 7, 2017, our government announced Canada’s defence policy, Strong, Secure, Engaged. Our new defence policy ensures that the women and men of the Canadian Armed Forces have the funding, resources, critical equipment and support they need to succeed in their missions.
Ken Hansen’s recent article, “What’s happening to Canada’s defence spending?”, claims that Budget 2018 does not provide the funding required to meet the needs of our military.  In fact, the funding for ‎Strong, Secure, Engaged was already approved, set aside and announced when our policy was released. The financial plan laid out in Strong, Secure, Engaged is not only fully costed but fully funded…

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TORONTO – Canada’s main stock index closed higher Monday as the loonie moved up against the U.S. dollar on a mixed day for the markets.
The S&P/TSX composite index closed up 26.98 points to 15,604.79 in a day that saw gold and base metals move higher while energy stocks weighed in the market.
In New York, the Dow Jones industrial average was down 157.13 points to 25,178.61. The S&P 500 index was down 3.55 points to 2,783.02 and the Nasdaq composite index was up 27.51 points to close at another record high of 7,588.32.
The Canadian dollar closed at 77.94 cents US, up 0.06 of a US cent.
The April crude contract was down 68 cents to US$61.36 per barrel and the April natural gas contract was up five cents at US$2.78 per mmBTU.
The April gold contract was down $3.20 to US$1,320.80 an ounce and the May copper contract was down one cent to US$3.12 a pound.
The post Toronto stocks, loonie close higher, while U.S. markets mixed appeared first on Canadian Business – Your Source For Business News.

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Matt Bottomley, the Alternative Pharmaceuticals research analyst at Canaccord Genuity, recently spoke with The Globe and shared his thoughts on the cannabis market

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Qualcomm had earlier rebuffed Broadcom’s $117-billion takeover bid, which was under investigation by the Committee on Foreign Investment in the United States

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