Tag Archives: as traders weigh a drop in weekly jobless claims

Dominion Lending Centres Clearlease Reports The S&P/TSX Composite index (Interi (^GSPTSE) was lower Thursday as energy and mining stocks failed to respond to higher oil and metal prices

TORONTO – (April 7, 2011) Clearlease.com Reports The S&P/TSX Composite index (Interi (^GSPTSE) was lower Thursday as energy and mining stocks failed to respond to higher oil and metal prices while traders dealt with more uncertainty after another earthquake struck Japan.

The S&P/TSX composite index lost 76.62 points to 14,126.03 after Japan’s northeastern coast was hit with a strong aftershock that measured 7.4 on the Richter scale. But the index moved off session lows after a tsunami warning for a coastal area already ravaged by last month’s tsunami was cancelled.

“I think it’s indicative of the ability of this market to stomach all kinds of things,” said Chris King, portfolio manager at Morgan Meighen and Associates.

“For quite a long time, anything negative really drove the market down and now we’re in the phase where anything negative might slow the market but it doesn’t break its spirit.”

The TSX Venture Exchange gained 7.48 points to 2,370.92.

The Canadian dollar moved up 0.14 of a US cent to 104.26 cents US as investors also took in an interest rate hike by the European Central Bank.

The energy sector lost 0.2 per cent as the May crude contract on the New York Mercantile Exchange was up $1.37 to US$110.20 a barrel.

But with oil prices up almost 30 per cent since mid-February, as traders mull the impact of Libya’s civil conflict, a weakening U.S. dollar and China’s fourth interest rate hike since October, energy stocks were backing off as analysts expect crude prices to back off somewhat.

“In the next couple of weeks, I would bet oil will be down a couple of bucks,” said John Kurgan, senior markets strategist at Lind Waldock, adding it would be for the short term.

“Longer term I can see this thing going higher, there’s always the possibility of a surprise in the Mideast, that’s been off the front pages. It will come back.”

DLC Clearlease currently has the following employment opportunities available:

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:
Twitter: @clearlease

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Dominion Lending Centres Clearlease Reports Midway Energy Ltd. (TSX:MEL) announces equity financing of approximately $33 million

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CALGARY, ALBERTA – (April 7, 2011) Clearlease.com Reports Midway Energy Ltd. (TSX:MEL) announced that it has closed its previously announced bought deal financing (the “Offering”) of common shares (“Common Shares”) through a syndicate of underwriters led by GMP Securities L.P. and including BMO Nesbitt Burns Inc., Wellington West Capital Markets Inc., Desjardins Capital Inc., Stifel Nicolaus Canada Inc. and Macquarie Capital Markets Canada Ltd. (the “Underwriters”). Pursuant to the Offering, Midway issued 7,174,000 Common Shares at a price of $4.60 per Common Share for gross proceeds of approximately $33 million including 652,200 Common Shares issued on the exercise in full of the over-allotment option granted to the Underwriters.

After initially reducing the amounts owing under Midway’s credit facility, Midway intends to use the net proceeds of the Offering to partially fund Midway’s capital expenditure program in its Garrington and Swan Hills areas, including the drilling, completion and tie-in of additional Cardium and Beaverhill Lake light oil wells and for new facilities in each area, for general and corporate purposes and to fund future acquisitions of assets and/or entities.

In connection with the Offering, Midway also issued 2,000,000 Common Shares upon the automatic exercise of 2,000,000 special warrants that had been previously issued by the Company on February 22, 2011 in connection with the acquisition by Midway of additional lands and production in the Garrington area.

About Midway

Midway is a public junior oil and gas company with production in Alberta and British Columbia. The Company’s area of focus is on operated properties in the Garrington area of Alberta, that have long life, high quality light oil and natural gas reserves with repeatable drilling upside. Midway currently trades on the Toronto Stock Exchange (TSX) under the Symbol “MEL”.

DLC Clearlease currently has the following employment opportunities available:

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:
Twitter: @clearlease

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Dominion Lending Centres Clearlease Reports Stocks are showing a lack of direction in early trading on Thursday, as traders weigh a drop in weekly jobless claims

NEW YORK, NY – (April 7, 2011) Clearlease.com Reports Stocks are showing a lack of direction in early trading on Thursday, as traders weigh a drop in weekly jobless claims against an interest rate hike in Europe. The choppy trading extends a recent trend, which has come amid well below average trading activity.

While the Labor Department released a report before the start of trading showing a bigger than expected drop in jobless claims in the week ended April 2nd, any buying interest generated by the report has been offset by news of an interest rate hike by the European Central Bank.

The Labor Department report showed that initial jobless claims fell by 10,000 to 382,000 from the previous week’s revised figure of 392,000. Economists had expected jobless claims to slip to 385,000 from the 388,000 originally reported for the previous week.

Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, the labor market continues to improve but with the pace never fast enough.”

At the same time, traders are also digesting news of an interest rate hike in Europe, with the European Central Bank raising rates by a quarter point to 1.25 percent. The rate hike, which was widely expected, marks the first increase in rates since July of 2008.

ECB President Jean-Claude Trichet said in a statement that the rate hike was warranted in the light of upside risks to price stability.

In other news out of Europe, Portugal finally had to seek a financial bailout from the European Union after funding costs skyrocketed in recent bond auctions. In response, the EU promised to swiftly process the loan request.

Most of the major sectors are showing only modest moves in early trading, although moderate strength has emerged among gold, health insurance, and brokerage stocks. On the other hand, real estate and utilities stocks are seeing early weakness.

Among individual stocks, shares of Bed Bath & Beyond (BBBY) are moving sharply higher after the retailer reported fourth quarter earnings of $1.12 per share on sales of $2.51 billion. Analysts had expected earnings of $0.97 per share on sales of $2.39 billion.

Drugstore chain operator Rite Aid (RAD) is also seeing early strength after it reported a slightly narrower fourth quarter loss compared to the same period a year ago. The company also forecast stronger than expected revenues for fiscal 2012.

The major averages have ticked to the upside in the past few minutes, with the Nasdaq moving firmly into positive territory. The Nasdaq is up 10.42 points or 0.4 percent at 2,810.24, while the Dow is up 0.79 points or less than 0.1 percent at 12,427.54 and the S&P 500 is up 2.09 points or 0.2 percent at 1,337.63.

DLC Clearlease currently has the following employment opportunities available:

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:
Twitter: @clearlease

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