Archive for January 27th, 2010

Cheapest shipping route across Canada? Try the U.S.

F or a small but growing number of this country’s eBay vendors, the cheapest path across Canada lies through the heart of America. Canadians are showing up in increasing numbers at U.S.

As the original Apple iPod nears retirment, users migrate to newer, more expensive products

Q uietly, in the shadow of a new product’s birth, the iconic device that spurred Apple Inc.’s AAPL-Q resurrection is approaching retirement. The world’s eyes will be squarely on the California-based tech company Wednesday, as it is expected to unveil its much-hyped tablet computer. The tablet is the latest and most powerful in a line of products aimed at continuing Apple’s dominance in the world of mobile digital entertainment – a lineage that includes the iPhone and the iPod

Charles Goldman to leave Fidelity

Charles Goldman, who one year ago joined Fidelity Investments to run its RIA custody, correspondent clearing and family office businesses, is leaving the firm. Mr. Goldman, who is president of institutional platforms, will officially depart at the end of March “to pursue other opportunities,” said Vin Loporchio, a spokesman at Fidelity.

Share of foreign investment slipping

C anada has been losing its attractiveness as a destination for foreign investment compared with other countries and is in no danger of being “hollowed out” by takeovers, a new report argues. While some of Canada’s best-known companies have been targets of foreign buyers in recent years, the country’s overall share of global foreign investment has been falling for decades, harming prosperity by slowing the transfer of new technologies, said a study issued Tuesday by the Montreal-based Institute for Research on Public Policy. Walid Hejazi, an economics professor at the University of Toronto and author of the study, said foreign investment overall has expanded throughout the world in recent decades, but Canada’s proportionate share of it has “fallen precipitously.” In 1970, Canada received 15.7 per cent of total foreign direct investment worldwide, but just 3.4 per cent in 2007

Toyota suspends sales of eight vehicle models

T oyota Motor Co. said Tuesday it was suspending Canadian and U.S. sales of eight recalled vehicle models to fix accelerator pedals that stick, the latest quality problem to confront the world’s No.

Bernanke hearing unlikely to sway Fed on rates

T he U.S. Federal Reserve Board is widely expected to hold interest rates steady Wednesday and indicate no change in its underlying policy ahead of the Senate confirmation hearing to approve the reappointment of Fed chairman Ben Bernanke for a second term. “In policy deliberations, the reappointment would not be a consideration at all in terms of what the governors talk about,” said Mark Chandler, fixed-income strategist with RBC Dominion Securities Inc.

Passion for wine turns banker into vintner

A s a banker and financier, Lenny Recanati became a vintner for love not for money. “In order to go into the wine business, you have to have a passion for it.

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