Tag Archives: Commercial Funding

Dominion Lending Centres Clearlease Reports Loonie ticks higher amid European rate hike, new uncertainty from Japanese quake while oil prices moved above the US$109 a barrel level.

VANCOUVER, BC – (April 7, 2011) Clearlease.com Reports today the Canadian dollar was slightly higher Thursday amid a rate hike by the European Central Bank while oil prices moved above the US$109 a barrel level.

The loonie was well off early highs amid fresh market uncertainty after another earthquake struck Japan , rising 0.02 of a cent to 104.14 cents US. The currency had earlier run as high as US$104.49, its highest level since November 2007.

Japan ’s northeastern coast was hit with a strong aftershock that measured 7.4 on the Richter scale . The Japan meteorological agency has issued a tsunami warning for a wave of up to one meter for a coastal area already ravaged by last month’s tsunami.

The European Central Bank raised its key interest rate by a quarter point to deal with inflation even as several euro member countries struggle with ailing economies and a debt crisis.

The refinancing rate was lifted to 1.25 per cent from a record low of one per cent, where it had been since May 2009, only a day after Portugal asked for an international bailout.

“Core inflation has stabilized and the pressure on (consumer price index) is on headline inflation,” said Scotia Capital chief currency strategist Camilla Sutton.

“However, unlike the Fed, the ECB focuses on headline and its aim is to maintain it at or below two per cent. Accordingly, with the latest flash estimate having come in at 2.6 per cent year-over-year the ECB is concerned. In addition, the spread between CPI and the ECB policy rate has never been higher.”

The Bank of England said Thursday it was keeping its key rate unchanged.

Meanwhile, the Bank of Canada makes its next scheduled announcement on interest rates on Tuesday. The central bank is widely expected to leave rates unchanged until later in the year.

Oil prices headed up with the May crude contract on the New York Mercantile Exchange ahead 68 cents to US$109.51 a barrel.

Crude has traded around US$109 this week as traders mull the impact of Libya’s civil conflict, a weakening U.S. dollar and China’s fourth interest rate hike since October. Prices have surged 29 per cent since mid-February.

The May copper contract gained three cents to US$4.40 a pound after jumping 10 cents on Wednesday.

Bullion prices also ticked higher with the June gold contract on the Nymex up $2.60 to US$1,461.10 an ounce.

Meanwhile, traders are also looking ahead to a solid Canadian employment report at the end of the week. Statistics Canada is expected to report Friday that the economy added about 30,000 jobs in March and that data could further strengthen the currency.

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 Berkshire Hathaway (BRK-A, BRK-B, LZ) Loses David Sokol, Buffett’s Heir Apparent Still At Large

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports A surprise has just been handed to Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B). David Sokol is resigning from the company. He has been considered one of Warren Buffett’s potential heirs to run the company. Buffett swears up and down that Sokol’s resignation was a surprise and that this departure was to go create equity value and an enterprise to create value for his descendents as well as to fund his own philanthropic interests. At issue is exactly what happened in this Lubrizol Corporation (NYSE: LZ) acquisition and that Sokol had tried to resign before.

Buffett went on to discuss how Sokol owned shares in Lubrizol before he suggested that Berkshire Hathaway acquire Lubrizol Corporation (NYSE: LZ), but Buffett noted that Sokol had no decision on whether or not to acquire Lubrizol and in no way was their any legal issue in that ownership that he was aware of. Buffett also said the resignation letter press release is all he knows regarding the matter.

Buffett claims that two prior resignation attempts were made by Sokol, but this was still a surprise resignation turned in by Sokol’s assistant. Here is the replacement strategy named:

* Greg Abel, presently President and CEO of MidAmerican Holding Company, will become its Chairman;
* Todd Raba, President and CEO of Johns Manville, will become its Chairman;
* and Jordan Hansell, President of NetJets, will become its Chairman and CEO.

David Sokol had been considered at least one possible replacement for Warren Buffett when he decides to retire. Now it seems that Ajit Jain will now be considered even more of a frontrunner for the job. What Buffett said before in an annual letter: “If Charlie (Munger), I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit.”

Berkshire Hathaway’s B shares are trading lower in the after-hours session down more than 2% at $53.53 after having closed up 0.9% at $85.46 in regular trading today.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

Vancouver, B.C., Canada (March 31, 2011) – Reports A surprise has just been handed to Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B). David Sokol is resigning from the company. He has been considered one of Warren Buffett’s potential heirs to run the company. Buffett swears up and down that Sokol’s resignation was a surprise and that this departure was to go create equity value and an enterprise to create value for his descendents as well as to fund his own philanthropic interests. At issue is exactly what happened in this Lubrizol Corporation (NYSE: LZ) acquisition and that Sokol had tried to resign before.

Buffett went on to discuss how Sokol owned shares in Lubrizol before he suggested that Berkshire Hathaway acquire Lubrizol Corporation (NYSE: LZ), but Buffett noted that Sokol had no decision on whether or not to acquire Lubrizol and in no way was their any legal issue in that ownership that he was aware of. Buffett also said the resignation letter press release is all he knows regarding the matter.

Buffett claims that two prior resignation attempts were made by Sokol, but this was still a surprise resignation turned in by Sokol’s assistant. Here is the replacement strategy named:

* Greg Abel, presently President and CEO of MidAmerican Holding Company, will become its Chairman;
* Todd Raba, President and CEO of Johns Manville, will become its Chairman;
* and Jordan Hansell, President of NetJets, will become its Chairman and CEO.

David Sokol had been considered at least one possible replacement for Warren Buffett when he decides to retire. Now it seems that Ajit Jain will now be considered even more of a frontrunner for the job. What Buffett said before in an annual letter: “If Charlie (Munger), I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit.”

Berkshire Hathaway’s B shares are trading lower in the after-hours session down more than 2% at $53.53 after having closed up 0.9% at $85.46 in regular trading today.

DLC Clearlease currently has the following employment opportunities available:

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports A surprise has just been handed to Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B). David Sokol is resigning from the company. He has been considered one of Warren Buffett’s potential heirs to run the company. Buffett swears up and down that Sokol’s resignation was a surprise and that this departure was to go create equity value and an enterprise to create value for his descendents as well as to fund his own philanthropic interests. At issue is exactly what happened in this Lubrizol Corporation (NYSE: LZ) acquisition and that Sokol had tried to resign before.

Buffett went on to discuss how Sokol owned shares in Lubrizol before he suggested that Berkshire Hathaway acquire Lubrizol Corporation (NYSE: LZ), but Buffett noted that Sokol had no decision on whether or not to acquire Lubrizol and in no way was their any legal issue in that ownership that he was aware of. Buffett also said the resignation letter press release is all he knows regarding the matter.

Buffett claims that two prior resignation attempts were made by Sokol, but this was still a surprise resignation turned in by Sokol’s assistant. Here is the replacement strategy named:

* Greg Abel, presently President and CEO of MidAmerican Holding Company, will become its Chairman;
* Todd Raba, President and CEO of Johns Manville, will become its Chairman;
* and Jordan Hansell, President of NetJets, will become its Chairman and CEO.

David Sokol had been considered at least one possible replacement for Warren Buffett when he decides to retire. Now it seems that Ajit Jain will now be considered even more of a frontrunner for the job. What Buffett said before in an annual letter: “If Charlie (Munger), I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit.”

Berkshire Hathaway’s B shares are trading lower in the after-hours session down more than 2% at $53.53 after having closed up 0.9% at $85.46 in regular trading today.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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Dominion Lending Centres Clearlease Reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure


Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure that gave the Stronach family control of the real estate operating company.

MI announced Tuesday that the reorganization arrangement was approved by more than 98 per cent of votes cast by holders of MID’s class A subordinate voting shares and class B shares.

MI said 86.3 per cent of the votes cast by minority holders of its class A subordinate voting shares and almost 99.9 per cent of the votes cast by minority holders of its class B shares were also in favour of the transaction.

Voting was conducted Tuesday at the company’s annual general and special meeting of shareholders.

Implementation of the arrangement is still subject to approval by the Ontario Superior Court of Justice following a fairness hearing scheduled for March 31 and certain other conditions, the company said in a release.

Magna founder Frank Stronach and other top shareholders of MI Developments agreed in late January to support a plan that would transfer MI’s horse racing tracks and associated real estate and gaming business to the Stronach family along with $20 million.

In return, the family agreed to give up control of MI through their multiple-vote class B shares.

Stronach will also retain some rights to some of MI’s land, including right of first refusal for Magna’s head office in Aurora, Ont..

The deal, expected to close by the end of June, is another step in Stronach’s decision to relinquish control of the Magna International (TSX:MG) global auto parts company that he founded.

MI Developments was spun off from Magna International, which Stronach also controlled through his multiple-vote shares until last year when its dual-class structure was eliminated.

MID is engaged primarily in the development, ownership and management of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe.

Additionally it owns the thoroughbred racing tracks Santa Anita Park, Golden Gate Fields, Gulfstream Park, including an interest in The Village at Gulfstream Park, and an interest in joint ventures in The Maryland Jockey Club. It is also a supplier via simulcasting of live horseracing content to the inter-track, off-track and account wagering markets.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

Vancouver, B.C., Canada (March 30, 2011) – reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure that gave the Stronach family control of the real estate operating company.

MI announced Tuesday that the reorganization arrangement was approved by more than 98 per cent of votes cast by holders of MID’s class A subordinate voting shares and class B shares.

MI said 86.3 per cent of the votes cast by minority holders of its class A subordinate voting shares and almost 99.9 per cent of the votes cast by minority holders of its class B shares were also in favour of the transaction.

Voting was conducted Tuesday at the company’s annual general and special meeting of shareholders.

Implementation of the arrangement is still subject to approval by the Ontario Superior Court of Justice following a fairness hearing scheduled for March 31 and certain other conditions, the company said in a release.

Magna founder Frank Stronach and other top shareholders of MI Developments agreed in late January to support a plan that would transfer MI’s horse racing tracks and associated real estate and gaming business to the Stronach family along with $20 million.

In return, the family agreed to give up control of MI through their multiple-vote class B shares.

Stronach will also retain some rights to some of MI’s land, including right of first refusal for Magna’s head office in Aurora, Ont..

The deal, expected to close by the end of June, is another step in Stronach’s decision to relinquish control of the Magna International (TSX:MG) global auto parts company that he founded.

MI Developments was spun off from Magna International, which Stronach also controlled through his multiple-vote shares until last year when its dual-class structure was eliminated.

MID is engaged primarily in the development, ownership and management of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe.

Additionally it owns the thoroughbred racing tracks Santa Anita Park, Golden Gate Fields, Gulfstream Park, including an interest in The Village at Gulfstream Park, and an interest in joint ventures in The Maryland Jockey Club. It is also a supplier via simulcasting of live horseracing content to the inter-track, off-track and account wagering markets.

DLC Clearlease currently has the following employment opportunities available:

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:

###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure that gave the Stronach family control of the real estate operating company.

MI announced Tuesday that the reorganization arrangement was approved by more than 98 per cent of votes cast by holders of MID’s class A subordinate voting shares and class B shares.

MI said 86.3 per cent of the votes cast by minority holders of its class A subordinate voting shares and almost 99.9 per cent of the votes cast by minority holders of its class B shares were also in favour of the transaction.

Voting was conducted Tuesday at the company’s annual general and special meeting of shareholders.

Implementation of the arrangement is still subject to approval by the Ontario Superior Court of Justice following a fairness hearing scheduled for March 31 and certain other conditions, the company said in a release.

Magna founder Frank Stronach and other top shareholders of MI Developments agreed in late January to support a plan that would transfer MI’s horse racing tracks and associated real estate and gaming business to the Stronach family along with $20 million.

In return, the family agreed to give up control of MI through their multiple-vote class B shares.

Stronach will also retain some rights to some of MI’s land, including right of first refusal for Magna’s head office in Aurora, Ont..

The deal, expected to close by the end of June, is another step in Stronach’s decision to relinquish control of the Magna International (TSX:MG) global auto parts company that he founded.

MI Developments was spun off from Magna International, which Stronach also controlled through his multiple-vote shares until last year when its dual-class structure was eliminated.

MID is engaged primarily in the development, ownership and management of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe.

Additionally it owns the thoroughbred racing tracks Santa Anita Park, Golden Gate Fields, Gulfstream Park, including an interest in The Village at Gulfstream Park, and an interest in joint ventures in The Maryland Jockey Club. It is also a supplier via simulcasting of live horseracing content to the inter-track, off-track and account wagering markets.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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