Chrysler dealers upbeat about purchase of US automaker by Italy’s Fiat + MORE Jan 25th

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NEW ORLEANS – Chrysler dealers from around the U.S. seem revved up by the purchase of the U.S. carmaker by Italy’s Fiat SpA.
They were attending the National Automobile Dealers Association convention in New Orleans on Saturday — four days after Fiat announced that it had bought the last big chunk of Chrysler stock to make the U.S. company a wholly owned subsidiary.
“I think it’s well deserved,” said Pamela Burger of Carl Burger Chrysler Jeep Dodge Ram World in the San Diego suburb of La Mesa, Calif. “They picked us up out of bankruptcy when we couldn’t even be bought, and have grown us over five years. … They helped us grow instead of stripping us of money and assets.”
And, she said, “The quality gets better and better.”
Fiat has been running Chrysler since 2009 and owned nearly 60 per cent of Chrysler’s shares but lacked full control until Fiat-Chrysler CEO Sergio Marchionne won a hard-fought deal with the union-controlled trust fund that owned the remaining 41…

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Why you shouldn’t borrow for your RRSPAs the March 3 RRSP deadline draws closer you may get a pitch from your bank to borrow to make a contribution. It may not be a good idea.

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DAVOS, Switzerland – The International Monetary Fund’s managing director warned Saturday of the risks posed to global economic recovery from the reduction of the U.S. Federal Reserve’s monetary stimulus and falling prices in the eurozone.
Despite growing evidence the global economy is faring better than it has for years, Christine Lagarde said policymakers around the world have to be alert to the potential repercussions from the Fed’s “tapering,” a policy change it decided to embark upon in December.
So far, the move has been minimal — it has reduced the amount of bonds it buys each month by $10 billion to $75 billion — but many economists think that it could end this year if the U.S. economic recovery gains steam.
Over the past few years, the Fed’s stimulus, in its various guises has had a big impact on financial markets. As well as shoring up stock markets around the world, the new money created by the stimulus has flown to emerging economies as investors sought out better returns…

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