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  • Banks could penetrate the market auto leases

    Banks could penetrate the market auto leases

    A clause in the federal budget could allow banks to enter the market leases car rental. Proponents of this idea, this decision could be beneficial to consumers as it would put an end to the "oligopoly" existing in the automotive sector. The Consumers' Association of Canada (ACC) estimates that if the banks got that right, the lease would be easier to obtain and the rate would likely be lower. The

  • Acura TLX 2015 after the RL become the RLX

    Acura TLX 2015 after the RL become the RLX

    The Car Guide 2013 Acura TL 2013: Almost everything perfect For model year 2014 Acura RL became the RLX, and now the brand will do the same for its TLX 2015 sedan. A car completely renewed, the marketing should begin in summer 2014. Following the logic of the manufacturer, Acura TLX will inherit from below the new Honda Accord. We're talking about a sedan slightly smaller dimensions, as it will

  • Magna sales increase 13% in third quarter

    Magna sales increase 13% in third quarter

    Magna joint venture with a Chinese company Magna International has exceeded analysts' expectations Income Magna International (TSX: MG) were ahead by 13 per cent in the third quarter from U.S. $ 7.4 billion to U.S. $ 8.3 billion. The North America and Europe have both contributed to the revenue growth of the automobile business. However, the net benefit of Magna slid to U.S. $ 319 million or $

  • The benefit of Canadian Tire slides

    The benefit of Canadian Tire slides

    Income from Canadian Tire (TSX: CTC) improved slightly in the fourth quarter, while its earnings slipped by nearly 2 percent. The Toronto retailer has posted quarterly profit of $ 163.1 million, or $ 2 per share, down 1.9 percent compared to income of $ 166.3 million or $ 2.03 per share reaping the year last. Its revenues were ahead by 1.4 percent from $ 3.73 billion to $ 3.78 billion.


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