August 10, 2008

Secret celebrity entrepreneurs

Some brands will forever be linked with their celebrity endorsers. What would women’s wear line Kate Moss Topshop be without, well, Kate Moss? Or Gisele Bündchen’s sandal line, Ipanema by Gisele, without the supermodel’s name, image and unrelenting promotion?

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Loonie suffers worst slump since 1971

Canada’s dollar posted its biggest weekly loss since at least 1971 as a report showed employers unexpectedly shed jobs for a second month, raising speculation that the central bank may cut borrowing costs.

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Commodity retreat drags Toronto stocks lower

The main TSX index ended lower Friday, held down as resource issues fell alongside commodity prices, while worries over the economy were stoked by an unexpectedly large job loss last month.

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Paulson says no plans to add cash to Fannie, Freddie

U.S. Treasury Secretary Henry Paulson said there are no plans to use his new authority to inject capital into mortgage companies Fannie Mae and Freddie Mac, which both posted worse-than-expected earnings last week.

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OSC sets hearing date for fraud case

The Ontario Securities Commission is alleging that a group of companies selling investments in U.S. insurance policy “settlements” has defrauded investors by paying out invested capital as purported dividends and using investor funds for personal rather than business purposes.

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‘Leasing Is History’

Henderson Weekes sounded genuinely apologetic. He really did.
The veteran salesman at Roy Foss Chevrolet in Toronto would have
been only too happy to offer a lease on General Motors Corp.’s
award-winning Malibu sedan when I inquired as to its availability
this week. But he said his hands, like those of all GM dealers, were
tied.

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Ottawa versus Bay St.

There is a growing hankering in the Canadian business
community for a return to the close relationship between Ottawa and
Bay Street that the powerful C. D. Howe advocated in the 1940s and
1950s.

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Economic slowdown seen after Olympics

In the heaving bars of Hong Kong’s financial district, celebrations to mark the opening of the Beijing Games will result in more than a few Olympic-sized hangovers this morning.

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ABCP delay doesn’t worry broker

The Ontario Court of Appeal’s failure to rule promptly on a proposed restructuring should not be viewed as a sign the judges are troubled, says Canaccord

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Sask. can benefit from Asia's growth: ADB director general - StarPhoenix

Sask. can benefit from Asia's growth: ADB director generalStarPhoenix, Canada - Aug 9, 2008Ag research in this province could be expanded to assist Asia with improving its production of crops, and particularly rice, said Nag. …

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