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.

Thursday, April 7th, 2011

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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: http://clearlease.com/Career-Opportunities.html

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports General Electric (NYSE: GE) says it’s going to build the nation’s largest solar panel factory, part of a $600 million dollar bet on the future of solar power in the United States

Thursday, April 7th, 2011

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NEW YORK, N.Y. – (April 7, 2011) Clearlease.com Reports today General Electric (NYSE: GE) says it’s going to build the nation’s largest solar panel factory, part of a $600 million dollar bet on the future of solar power in the United States.

The new plant will employ 400 people and produce enough solar panels to power 80,000 homes per year, GE said Thursday. The company isn’t saying where the plant will be located, but it does say that there are multiple locations being scouted. .

GE says its thin film solar panel has been certified as the most energy efficient of its kind by the National Renewable Energy Lab in Colorado. The technology for the panel, called CdTe thin film, lends itself to low-cost, large-scale manufacturing.

GE recently acquired PrimeStar Solar Inc. a maker of thin film solar panels based in Colorado.

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

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Alberta premier strikes back at NY Times editorial slamming Keystone XL pipeline and TransCanada Corp.’s (TSX:TRP)

Thursday, April 7th, 2011

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EDMONTON – (April 7, 2011) Clearlease.com Reports Premier Ed Stelmach has responded to a New York Times editorial that slams the proposed Alberta-to-Texas oil pipeline.

In a letter to the paper, the Alberta premier accuses the Times of using erroneous information to describe the oilsands.

Stelmach says pipelines are important to help the U.S. expand its oil production.

The premier also says he welcomes a review of the project by the U.S. State Department, but wants that review to be based on “fact and science.”

Last weekend’s editorial said the U.S. State Department must say no to TransCanada Corp.’s (TSX:TRP) US$13-billion Keystone XL project.

It says the oilsands mining process poses “enormous” environmental risks, including the destruction of boreal forest, emits more carbon dioxide and threatens water sources.

The Times also said the potential for pipeline leaks pose the greatest threat to land and water along the pipeline’s route.

On Monday, a group of more than 30 local and national organizations sent a letter to U.S. Secretary of State Hillary Clinton urging her to extend the comment period for a supplemental environmental impact statement on Keystone XL from 45 to 120 days.

The State Department said in March it would undertake the extra review, pushing approval for the project back by several months. If the department grants the groups’ request, it would likely mean further delays.

Meanwhile, an alliance of 24 U.S. mayors wrote a letter to Clinton urging her to approve the pipeline.

The State Department has the final say on Keystone XL, since it crosses the Canada-U.S. border.

Keystone XL would link up with an existing pipeline system that delivers crude to Illinois, Nebraska and Oklahoma. The expansion would raise the line’s capacity by 500,000 barrels of crude per day, and extend its reach to the lucrative Gulf Coast.

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

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Telehop Communications Inc. (TSXV:HOP) appoints Rajiv Jagota as new president and CEO

Thursday, April 7th, 2011

Dominion Lending Centres Clearlease Reports Telehop Communications Inc. (TSXV:HOP) appoints Rajiv Jagota as new president and CEO

TORONTO – (April 7, 2011) Clearlease.com Reports Telehop Communications Inc. (TSXV:HOP) says it has appointed Rajiv Jagota as the telecom company’s new president and CEO.

Telehop said Wednesday the industry veteran succeeds Fulvio Ciano at the Toronto-based phone and Internet services operator.

Jagota held senior executive positions with Teleglobe Inc, Bell Canada Inc, Yak Communications and Level 3 Communications before joining Telehop.

In trading on the TSX Venture Exchange, Telehop shares rose half a cent to 15 cents.

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

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Canadian Firms not returning windfall from tax cuts with more jobs, investment

Thursday, April 7th, 2011

Dominion Lending Centres Clearlease Reports Canadian Firms not returning windfall from tax cuts with more jobs, investment

OTTAWA – (April 7, 2011) Clearlease.com Reports the Conservative’s case for corporate tax cuts is increasingly coming under duress on Wednesday after new analysis suggest companies have neither created jobs or invested with their windfall.

The Tories are arguing lower corporate tax rates will create jobs and business investment, blasting both the Liberals and NDP for seeking to tax firms more.

“The worst possible thing that could be done to our economy right now is to raise those tax rates,” Stephen Harper said in response to one report Wednesday.

But an analysis by the Canadian Centre for Policy Alternatives suggests that companies who have gained the most from tax cuts the past decade have so far not created more jobs than the economy as a whole.

In a separate analysis, economist Jim Stanford of the Canadian Auto Workers says the pattern of business investment has fundamentally changed. For four decades since 1960, companies reinvested virtually all after-tax cash flow in net terms; but since 2001, when tax rates began to plummet, relative investment has dropped and now accounts for only 66 per cent of cash flow.

The finding is similar to a published report Wednesday that showed business investment declined in Canada at the same time the combined provincial and federal tax bite was being reduced from about 42 per cent at the turn of the century to the current 28. It is expected to come down to 25 per cent next year.

The two so-called left-wing economists admit the issue of corporate tax cuts have become a political football and that many economists disagree with their findings.

The debate, however, is not so much over the data on investment and job creation as how it is to be interpreted and whether the past decade is an appropriate yard-stick.

Even Bank of Canada governor Mark Carney and Finance Minister Jim Flaherty have expressed frustration with the level of business investment in the past decade.

Jack Mintz of the University of Calgary, who has written extensively on the question, says investment during the period analyzed is not indicative because of two economic downturns at the start and end.

During the decade, stock markets did poorly and firms hoarded cash in order to avoid bankruptcy, he says.

“Corporate taxes are only one part of things that affect investment decisions,” he explained. “But there’s huge literature on this (that) when you cut the cost on capital by say 10 per cent, you will cause capital stock to rise over time by seven per cent.”

That’s the theory, agrees David Macdonald, who authored the CCPA study. It just hasn’t been borne out in reality.

Stanford adds that effective taxes on corporations have been falling in Canada since 1997. “That’s a long time to run the experiment.”

The new reports are a boon to both the Liberal and NDP campaigns which suggest they can finance their election promises without hurting the economy.

Campaigning in Nova Scotia, Liberal finance critic Scott Brison said it is important that taxes in Canada be competitive with those in other countries, but the payoff after that has been achieved is small. Canada is no longer a high-tax jurisdiction, he said, so there is little reason to keep cutting them.

The other issue is what is the best way to create jobs, he adds.

“There are better ways of creating jobs. If you want bang for the buck, investment in training, education and in helping households and companies green their operations will lead to more jobs.”

Economists also list infrastructure spending, as the Conservatives did during the recession, as another effective way to create jobs, adding it can be a good investment if done properly.

The evidence from the past decade does not make a compelling case for corporate tax cuts, however.

The analysis from the CCPA, an Ottawa-based think-tank, shows that among 198 of the country’s biggest 245 public traded companies for which there is data, corporate profits rose by 52 per cent from 2000 to 2009.

Meanwhile, those same companies were paying about 20 per cent less in taxes in 2009 than they were in 2000 — a total of $12 billion a year less.

Yet, from 2005 to 2010, those same companies increased their inhouse employment by five per cent while the average gain nationally was six per cent. Since most of the firms are multi-national, it is likely some of the jobs created were outside the country.

Macdonald, the CCPA’s research associate, says Ottawa has made a “Faustian” bargain with the corporate sector — lower taxes in the expectation the money will come back in added investment and more jobs.

“What’s happened is this money was either paid out in profits or they are just sitting on it, which is not what you want in a recession,” he said.

Stanford says the disconnect between higher profits, lower taxes and stagnant investment is central to the low productivity performance of Canadian firms.

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

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports US charges 2 with ‘decades-long’ insider trading scheme using data stolen from law firms

Thursday, April 7th, 2011

Dominion Lending Centres Clearlease Reports US charges 2 with 'decades-long' insider trading scheme using data stolen from law firms

TORONTO – (April 7, 2011) Clearlease.com Reports a former corporate lawyer and stock trader were arrested Wednesday and charged with running an insider trading scheme that brought in so much money the suspects spoke at one point about burning $175,000 in cash to avoid detection.

Garrett Bauer and Matthew Kluger face multiple counts of insider trading and obstruction in addition to single counts of conspiracy and money laundering. Authorities said the scheme netted more than $30 million in profit over the last five years.

The 43-year-old Bauer, wearing a grey pullover and jeans, appeared in handcuffs and ankle shackles in U.S. District Court in Newark on Wednesday afternoon. He did not enter a plea and was ordered detained until a bail hearing. Kluger, 50, was to appear in federal court in Alexandria, Virginia.

Bauer is accused of reaping the lion’s share of the profits. In seeking detention for Bauer, Assistant U.S. Attorney Matthew Beck said investigators seized two trading accounts belonging to Bauer worth a total of $20.5 million and bank accounts worth more than $37 million. Bauer’s attorneys, William Davis and Donald Derfner, called the amounts “exaggerated, by a lot.”

If convicted, Bauer faces 12 to 15 years in prison by a conservative calculation, Beck told U.S. Magistrate Mark Falk. The government is seeking to seize his $6.65 home on New York’s Upper East Side and another home in Boca Raton, Florida.

According to the criminal complaint, Kluger illegally took information on upcoming company mergers from his Washington, D.C., law firm, Wilson Sonsini Goodrich & Rosati, and passed it on to a middleman who has not been identified.

The middleman would pass the information to Bauer, who would buy stock ahead of the mergers. Among the mergers were Adobe Systems’ acquisition of Omniture, Hewlett-Packard’s acquisition of 3Com and Oracle’s purchase of Sun Microsystems.

The Oracle-Sun merger made the scheme more than $11 million in illicit profit, the complaint alleges.

In a statement emailed Wednesday, the law firm said: “We were shocked to learn of the conduct the government has alleged a former employee committed against us and two other prominent law firms…”

Authorities allege the conspiracy dates back to the mid-1990s when Kluger worked for prominent New York law firms Cravath Swaine & Moore and Skadden, Arps, Slate, Meagher & Flom, though the substantive counts released Wednesday relate to activity when he worked for Wilson Sonsini.

Evan Chesler, head of Cravath, said his firm “has very strong policies designed to prevent” what Kluger is alleged to have done, and said the company is co-operating fully with the investigation.

In a statement, Skadden also said it is co-operating with investigators and said: “We have strict policies that protect our clients’ confidential information, which we monitor closely. It would be deeply disappointing if these policies were not followed in this instance.”

Bauer and Kluger were able to escape detection by using prepaid, disposable cellphones and by not having direct contact before the stock purchases, according to Daniel Hawke, regional director of the Securities and Exchange Commission’s market abuse unit.

During one phone conversation recorded by the unnamed coconspirator, Bauer allegedly tells the person to destroy $175,000 in cash because his fingerprints are on it.

“You know what, if you feel better burn the money and I’ll give it back to you,” Bauer says.

“Burn it?” the person asks.

“I would burn it in a fire,” Bauer responds.

It is not known whether the money actually was destroyed.

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

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports IRD (TSX:IRD) signs sale-lease agreement for head office and manufacturing plant

Wednesday, April 6th, 2011

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Vancouver, BC Canada (April 6, 2011) Dominion Lending Centres Clearlease.com Reports International Road Dynamics Inc. (TSX:IRD) has signed a deal to sell its head office and manufacturing plant for $6.7 million and lease back the property.

IRD said Wednesday it has signed a 12-year lease agreement with the purchaser of the property with two options to renew the lease for additional five-year terms.

The company said it expects $3.7 million in net cash from the deal after paying a $2.6-million mortgage on the property and other costs.

IRD is a highway traffic management technology company which makes automated truck weigh stations, electronic toll highway equipment, licence plate readers and other traffic management systems.

IRD stock was halted on the TSX. The shares were up three cents to 63 cents, a gain of five per cent.

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

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 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports American Superconductor Corporation (NASDAQ: AMSC) was hardly looking super and hardly looking American after the close of trading this Tuesday.

Wednesday, April 6th, 2011

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Vancouver, B.C., Canada (April 6, 2011) – Clearlease.com Reports American Superconductor Corporation (NASDAQ: AMSC) was hardly looking super and hardly looking American after the close of trading this Tuesday. The company gave a guidance update due to a key customer order refusal and shares are getting crushed in the after-hours session.

The company announced that Sinovel Wind Group Co., Ltd. refused to accept an order delivery for core electronic components for wind turbines. The order refusal came on March 31 from the Chinese wind power company. American Superconductor said that it believes Sinovel is planning to cut down on inventories before it accepts any new parts shipments.

This order delay is called the primary reason for the shortfall and the company now sees fourth quarter sales of less than $42 million and that it will generate a net loss for the fourth quarter. As a result, AMSC currently expects its full year fiscal 2010 revenues to be less than $355 million. The prior guidance was for $430 million to $440 million for the year.

Another hit will be to its cash as it was at $260.5 million on December 31, 2010 and the new cash and equivalents figure will be closer to $240 million. As a result of the deliveries being refused, the company is now dealing with a review on the timing of its revenue recognition on approximately $56 million of unpaid shipments in the second, third and fourth quarters of fiscal 2010.

While the company is discussing when Sinovel plans to take future deliveries, it is also discussing when Sinovel will pay for past shipments. American Superconductor said it is now “implementing plans to better align spending with near-term revenues while continuing to maintain a high level of service and support for its global Wind and Grid customers.” In short, it was caught unexpectedly with what brokers would call a “DK” trade and now it is slashing costs near-term.

What is sad about this besides the drop is that this company is supposed to be one of the wind energy winners and alternative energy winners out there. It just seems as though the move to alternative energy is still petering out as governments tighten the belt and as customers are growing cautious on large capital projects. We knew that wind was facing some of the same issues that solar and other alternative energy players were facing, but this is crushing what was already a weak stock.

American Superconductor shares closed up 0.8% at $24.88 against a 52-week trading range of $21.70 to $38.88, but the after-hours trading is severely punishing the stock. Go ahead and expect a 52-week low and then some as this one is down about 44% at $13.60 after the close.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) Completes A$93.8 Million Placement

Tuesday, April 5th, 2011

  Dominion Lending Centres Clearlease Reports Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) Completes A$93.8 Million Placement

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports – Proceeds to Retire Debt, Improve Simberi (PNG) Operational Efficiency, Expand Simberi Production and Working Capital

– A$93.8 Million / GBP 60.1 Million Placement to Institutional and Sophisticated Investors
– The Placement Shares Represent 15% of Current Issued Share Capital
– New Shares Issued at A$0.60 / 38.5p Per Share
– Allied to Advance LSE Main Market Listing

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) (“Allied Gold” or the “Company”) has successfully completed the book build for a placement of new ordinary shares (“Shares”) to institutional and sophisticated investors, raising gross proceeds of approximately A$93.8 million (GBP 60.3 million) (the “Placement”).

The Shares under the Placement will be issued at a price of A$0.60 (or 38.5p) per share (“Issue Price”), which represents a discount of:

— 5.5% to Allied Gold’s last closing share price on the ASX of A$0.635; and — 4.8% to Allied Gold’s 5 day volume weighted average share price on the ASX of A$0.630.

Under the Placement Allied Gold will issue approximately 156.3 million Shares with admission of the Shares on AIM expected to be Monday 11 April 2011 and admission of shares on ASX expected to be on Tuesday 12 April 2011.

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM. The Placement is also subject to receipt of approval from the Toronto Stock Exchange (“TSX”).

The Shares, when issued, will rank pari passu with existing ordinary shares of the Company. Immediately following the admission of the Shares, Allied Gold will have approximately 1,199 million ordinary shares on issue.

RBC Capital Markets is acting as Global Lead Manager and Sole Bookrunner on the Placement, Casimir Capital L.P. is acting as Joint Lead Manager and Mirabaud Securities LLP, Oriel Securities Limited and Wilson HTM are acting as Co-Managers on the Placement.

USE OF FUNDS

Allied Gold intends to use the net proceeds from the Placement to:

— Retire approximately A$50.0 million (GBP 32.1 million) of existing debt
facilities, thus strengthening Allied Gold’s balance sheet;

— At Simberi, replace diesel fuel electricity generation with heavy fuel
oil at a cost of approximately A$15.0 million (GBP 9.6 million), to
reduce Simberi’s electricity generation costs by approximately 25 per
cent;

— Provide the balance of funding required to expand the Simberi gold mine
(“Simberi”) in Papua New Guinea (PNG) from 2.4Mtpa to 3.5Mtpa, to lift
gold production from 70,000 ozpa to 100,000 ozpa; and

— Provide working capital for exploration and other corporate purposes.

INTENTION TO MOVE TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE

Allied Gold intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the “Official List”) and for a Premium Listing on the London Stock Exchange’s (“LSE”) Main Market for listed securities.

The Company has been examining the merits of moving to the Main Market for some time and believes it can assist the Company with its profile, the liquidity of its shares, and an increased potential investor base.

Such a move will be subject to shareholder approval. Shareholders will be kept fully informed of this process as it progresses and as the timetable is confirmed.

RBC Capital Markets has been appointed as sponsor in relation to the move to the Main Market of the LSE.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Equipment Leasing Stocks weighed down by China rate hike, Portugal downgrade ahead of Fed minutes

Tuesday, April 5th, 2011

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.

The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.

The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.

High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.

In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.

Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.

While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.

The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.

While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.

The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.

The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.

Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.

“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”

The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.

If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.

Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.

“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###China Rate Hike, Commercial Leasing, Computer Leasing, Commercial Funding, Residential Mortgage, Commercial Mortgage, Mortgage Refinancing, Refinance my Mortgage

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.

The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.

The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.

High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.

In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.

Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.

While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.

The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.

While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.

The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.

The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.

Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.

“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”

The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.

If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.

Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.

“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.

The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.

The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.

High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.

In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.

Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.

While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.

The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.

While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.

The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.

The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.

Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.

“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”

The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.

If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.

Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.

“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Equipment Leasing Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session

Tuesday, April 5th, 2011


Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session. The major averages are lingering hear the unchanged line after ending Monday’s trading nearly flat.

The choppy trading comes as traders weigh an interest rate hike in China and a credit rating downgrade for Portugal against continued activity on the merger-and-acquisition front.

Reflecting concerns about inflation, the Bank of China said its benchmark one-year lending rate will be increased to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.

On the economic front in the U.S., the Institute for Supply Management is scheduled to release its report on service sector activity in the month of March at 10 am ET.

Economists expect the ISM’s index of service sector activity to come in unchanged from the previous month at 59.7, with a reading above 50 indicating growth in the sector.

Additionally, the Federal Reserve is due to release the minutes of its March meeting at about 2 pm ET, with the minutes likely to shed some light on the outlook for monetary policy.

In corporate news, shares of National Semiconductor (NSM) could see early strength after the chip maker agreed to be acquired by Texas Instruments (TXN) for $25 per share in an all-cash transaction of about $6.5 billion.

The offer price represents a 78 percent premium to National Semiconductor’s closing price on Monday. The companies said that the transaction is expected to close in six to nine months.

Diamond Foods (DMND) also announced that it has signed an agreement to acquire Procter & Gamble’s (PG) Pringles chips business for about $1.5 billion in Diamond common stock plus the assumption of $850 million of Pringles debt.

Most of the major sectors are showing only modest moves, although considerable strength has emerged among semiconductor stocks. National Semiconductor is leading the sector higher on the acquisition news, surging up by 71.1 percent.

On the other hand, housing, health insurance, and brokerage stocks are seeing early weakness, although selling pressure remains relatively subdued.

The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 1.50 points or 0.1 percent at 2,790.69, the Dow is down 15.74 points or 0.1 percent at 12,384.29 and the S&P 500 is down 1.18 points or 0.1 percent at 1,331.69.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###Equipment Leasing Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session. The major averages are lingering hear the unchanged line after ending Monday’s trading nearly flat.

The choppy trading comes as traders weigh an interest rate hike in China and a credit rating downgrade for Portugal against continued activity on the merger-and-acquisition front.

Reflecting concerns about inflation, the Bank of China said its benchmark one-year lending rate will be increased to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.

On the economic front in the U.S., the Institute for Supply Management is scheduled to release its report on service sector activity in the month of March at 10 am ET.

Economists expect the ISM’s index of service sector activity to come in unchanged from the previous month at 59.7, with a reading above 50 indicating growth in the sector.

Additionally, the Federal Reserve is due to release the minutes of its March meeting at about 2 pm ET, with the minutes likely to shed some light on the outlook for monetary policy.

In corporate news, shares of National Semiconductor (NSM) could see early strength after the chip maker agreed to be acquired by Texas Instruments (TXN) for $25 per share in an all-cash transaction of about $6.5 billion.

The offer price represents a 78 percent premium to National Semiconductor’s closing price on Monday. The companies said that the transaction is expected to close in six to nine months.

Diamond Foods (DMND) also announced that it has signed an agreement to acquire Procter & Gamble’s (PG) Pringles chips business for about $1.5 billion in Diamond common stock plus the assumption of $850 million of Pringles debt.

Most of the major sectors are showing only modest moves, although considerable strength has emerged among semiconductor stocks. National Semiconductor is leading the sector higher on the acquisition news, surging up by 71.1 percent.

On the other hand, housing, health insurance, and brokerage stocks are seeing early weakness, although selling pressure remains relatively subdued.

The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 1.50 points or 0.1 percent at 2,790.69, the Dow is down 15.74 points or 0.1 percent at 12,384.29 and the S&P 500 is down 1.18 points or 0.1 percent at 1,331.69.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###
Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session. The major averages are lingering hear the unchanged line after ending Monday’s trading nearly flat.

The choppy trading comes as traders weigh an interest rate hike in China and a credit rating downgrade for Portugal against continued activity on the merger-and-acquisition front.

Reflecting concerns about inflation, the Bank of China said its benchmark one-year lending rate will be increased to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.

On the economic front in the U.S., the Institute for Supply Management is scheduled to release its report on service sector activity in the month of March at 10 am ET.

Economists expect the ISM’s index of service sector activity to come in unchanged from the previous month at 59.7, with a reading above 50 indicating growth in the sector.

Additionally, the Federal Reserve is due to release the minutes of its March meeting at about 2 pm ET, with the minutes likely to shed some light on the outlook for monetary policy.

In corporate news, shares of National Semiconductor (NSM) could see early strength after the chip maker agreed to be acquired by Texas Instruments (TXN) for $25 per share in an all-cash transaction of about $6.5 billion.

The offer price represents a 78 percent premium to National Semiconductor’s closing price on Monday. The companies said that the transaction is expected to close in six to nine months.

Diamond Foods (DMND) also announced that it has signed an agreement to acquire Procter & Gamble’s (PG) Pringles chips business for about $1.5 billion in Diamond common stock plus the assumption of $850 million of Pringles debt.

Most of the major sectors are showing only modest moves, although considerable strength has emerged among semiconductor stocks. National Semiconductor is leading the sector higher on the acquisition news, surging up by 71.1 percent.

On the other hand, housing, health insurance, and brokerage stocks are seeing early weakness, although selling pressure remains relatively subdued.

The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 1.50 points or 0.1 percent at 2,790.69, the Dow is down 15.74 points or 0.1 percent at 12,384.29 and the S&P 500 is down 1.18 points or 0.1 percent at 1,331.69.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Equipment Leasing Reports This month’s Dominion Lending Centres edition takes a look at a Bank of Canada study into mortgage discounting, as well as highlights why it’s important to get the lenders competing for your business when your mortgage is up for renewalEquipment Leasing Reports This month’s Dominion Lending Centres edition takes a look at a Bank of Canada study into mortgage discounting, as well as highlights why it’s important to get the lenders competing for your business when your mortgage is up for renewalEquipment Leasing Reports This month’s Dominion Lending Centres edition takes a look at a Bank of Canada study into mortgage discounting, as well as highlights why it’s important to get the lenders competing for your business when your mortgage is up for renewal

Monday, April 4th, 2011


Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports This month’s Dominion Lending Centres edition takes a look at a Bank of Canada study into mortgage discounting, as well as highlights why it’s important to get the lenders competing for your business when your mortgage is up for renewal. Please let me know if you have any questions or feedback regarding anything outlined below.

Have you ever wondered why banks have posted mortgage rates, yet they’re willing to offer mortgages below these interest rates to some borrowers?

The Bank of Canada (BoC) wanted to find out how consumers can get the very best mortgage rate, which led to the undertaking of an extensive study on mortgage discounting.

According to their research, Canadians who get the best mortgage rates are those who:

1. Bargain

Research proves that bank profits “are significantly higher in haggle environments.” As a result, banks prefer not to put all of their cards on the table.
This leads to “price discrimination”, whereby banks give better deals to skilled negotiators and well-informed borrowers.

2. Have larger mortgages

“Since few negotiate the renewal of their mortgage… (this) provides lenders with an incentive to attract consumers with larger loans who have large outstanding balances at the time of renewal.”

3. Use a mortgage broker

The report states that brokers lower the “search costs” of getting multiple quotes. Multiple quotes (lower search costs) are strongly correlated with lower rates.
“Over the full sample, the average impact of a mortgage broker is to reduce rates by 17.5 basis points.” That’s ~$1,670 of interest savings on a typical $200,000 mortgage over five years.

Bank “mortgage specialists offer convenience to consumers, although they do not reduce search costs. This is because they work for one lender only.”
Click here to read the working paper on the BoC study.

It’s important to understand that mortgage brokers can offer lower rates because of the large volume of mortgages we successfully fund with lenders each year. This enables mortgage brokers to offer our clients wholesale versus retail pricing.

And while mortgage brokers have access to hundreds of products available through dozens of lenders, when you approach a lender directly for a mortgage, that lender can only offer one line of mortgage products – their own.

While most Canadians spend a lot of time and expend a lot of effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at the time of renewal costs Canadians thousands of extra dollars every year.

It’s important to never accept the first rate offer that your existing lender sends to you in the mail around renewal time. Without any negotiation, simply signing up for the market rate on a renewal will unnecessarily cost you a lot of extra money on your mortgage.

It would be my pleasure to have the lenders compete for your mortgage business at renewal time to ensure you receive the best mortgage options and rate catered to your specific needs. After all, just because a lender had the best available product or rate for you when you obtained a mortgage one, three or five years ago does not mean the same holds true in today’s market.

With products and rates changing on an ongoing basis, you can’t possibly know what the best offering is for your unique situation without having me – a mortgage professional – do some investigating on your behalf.

It’s my job to look at every rate and product change from each lender – including banks, trust companies and credit unions – every morning to ensure I find the best deals for my clients. I also have the inside scoop on specials available through dozens of lenders thanks to the large volume of business I fund through these lenders each year.

Often times, your existing lender will send a highball renewal rate to their existing clients in the hopes that you will simply sign the renewal form and send it back. Your best bet is to come to me prior to your renewal date or forward the lender’s renewal offer to me before signing anything. That way, you can rest assure you’re getting the best possible mortgage product and rate that suits both your current and future mortgage needs.

* We are Canada’s largest and fastest-growing mortgage brokerage!
* We have more than 1,900 Mortgage Professionals from more than 300 locations across the country!
* Our Mortgage Professionals are Experts in their field and many are ranked among the best nationally.
* We work for you, not the lenders, so your best interests will always be our number one priority.
* We have more than 100 mortgage programs, making it easy to choose the best fit for your unique situation.
* We close loans in all 10 provinces and 3 territories.
* We can process your mortgage in as few as 7 days.
* We are the preferred mortgage lender for several of Canada’s top companies.
* Dominion Lending Centres’ Mortgage Professionals are available anytime, anywhere, evenings and weekends – and we’ll even come to you!

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###Dominion Lending Centres Clearlease, Monthly Newsletter, Mortgage Information, We close loans in all 10 provinces and 3 territories., We have more than 100 mortgage programs, We work for you, not the lenders, Our Mortgage Professionals are Experts, We have more than 1,900 Mortgage Professionals, We are Canada’s largest and fastest-growing mortgage brokerage! , Bank of Canada study, DLC, DLC Clearlease, Equipment Leasing, Commercial Funding, Commercial Lending, Clearlease.com, 300 locations across the country  Mortgage rate Review,

Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports This month’s Dominion Lending Centres edition takes a look at a Bank of Canada study into mortgage discounting, as well as highlights why it’s important to get the lenders competing for your business when your mortgage is up for renewal. Please let me know if you have any questions or feedback regarding anything outlined below.

Have you ever wondered why banks have posted mortgage rates, yet they’re willing to offer mortgages below these interest rates to some borrowers?

The Bank of Canada (BoC) wanted to find out how consumers can get the very best mortgage rate, which led to the undertaking of an extensive study on mortgage discounting.

According to their research, Canadians who get the best mortgage rates are those who:

1. Bargain

Research proves that bank profits “are significantly higher in haggle environments.” As a result, banks prefer not to put all of their cards on the table.
This leads to “price discrimination”, whereby banks give better deals to skilled negotiators and well-informed borrowers.

2. Have larger mortgages

“Since few negotiate the renewal of their mortgage… (this) provides lenders with an incentive to attract consumers with larger loans who have large outstanding balances at the time of renewal.”

3. Use a mortgage broker

The report states that brokers lower the “search costs” of getting multiple quotes. Multiple quotes (lower search costs) are strongly correlated with lower rates.
“Over the full sample, the average impact of a mortgage broker is to reduce rates by 17.5 basis points.” That’s ~$1,670 of interest savings on a typical $200,000 mortgage over five years.

Bank “mortgage specialists offer convenience to consumers, although they do not reduce search costs. This is because they work for one lender only.”
Click here to read the working paper on the BoC study.

It’s important to understand that mortgage brokers can offer lower rates because of the large volume of mortgages we successfully fund with lenders each year. This enables mortgage brokers to offer our clients wholesale versus retail pricing.

And while mortgage brokers have access to hundreds of products available through dozens of lenders, when you approach a lender directly for a mortgage, that lender can only offer one line of mortgage products – their own.

While most Canadians spend a lot of time and expend a lot of effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at the time of renewal costs Canadians thousands of extra dollars every year.

It’s important to never accept the first rate offer that your existing lender sends to you in the mail around renewal time. Without any negotiation, simply signing up for the market rate on a renewal will unnecessarily cost you a lot of extra money on your mortgage.

It would be my pleasure to have the lenders compete for your mortgage business at renewal time to ensure you receive the best mortgage options and rate catered to your specific needs. After all, just because a lender had the best available product or rate for you when you obtained a mortgage one, three or five years ago does not mean the same holds true in today’s market.

With products and rates changing on an ongoing basis, you can’t possibly know what the best offering is for your unique situation without having me – a mortgage professional – do some investigating on your behalf.

It’s our job to look at every rate and product change from each lender – including banks, trust companies and credit unions – every morning to ensure we find the best deals for my clients. We also have the inside scoop on specials available through dozens of lenders thanks to the large volume of business we fund through these lenders each year.

Often times, your existing lender will send a highball renewal rate to their existing clients in the hopes that you will simply sign the renewal form and send it back. Your best bet is to come to me prior to your renewal date or forward the lender’s renewal offer to me before signing anything. That way, you can rest assure you’re getting the best possible mortgage product and rate that suits both your current and future mortgage needs.

* We are Canada’s largest and fastest-growing mortgage brokerage!
* We have more than 1,900 Mortgage Professionals from more than 300 locations across the country!
* Our Mortgage Professionals are Experts in their field and many are ranked among the best nationally.
* We work for you, not the lenders, so your best interests will always be our number one priority.
* We have more than 100 mortgage programs, making it easy to choose the best fit for your unique situation.
* We close loans in all 10 provinces and 3 territories.
* We can process your mortgage in as few as 7 days.
* We are the preferred mortgage lender for several of Canada’s top companies.
* Dominion Lending Centres’ Mortgage Professionals are available anytime, anywhere, evenings and weekends – and we’ll even come to you!

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###
Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports This month’s Dominion Lending Centres edition takes a look at a Bank of Canada study into mortgage discounting, as well as highlights why it’s important to get the lenders competing for your business when your mortgage is up for renewal. Please let me know if you have any questions or feedback regarding anything outlined below.

Have you ever wondered why banks have posted mortgage rates, yet they’re willing to offer mortgages below these interest rates to some borrowers?

The Bank of Canada (BoC) wanted to find out how consumers can get the very best mortgage rate, which led to the undertaking of an extensive study on mortgage discounting.

According to their research, Canadians who get the best mortgage rates are those who:

1. Bargain

Research proves that bank profits “are significantly higher in haggle environments.” As a result, banks prefer not to put all of their cards on the table.
This leads to “price discrimination”, whereby banks give better deals to skilled negotiators and well-informed borrowers.

2. Have larger mortgages

“Since few negotiate the renewal of their mortgage… (this) provides lenders with an incentive to attract consumers with larger loans who have large outstanding balances at the time of renewal.”

3. Use a mortgage broker

The report states that brokers lower the “search costs” of getting multiple quotes. Multiple quotes (lower search costs) are strongly correlated with lower rates.
“Over the full sample, the average impact of a mortgage broker is to reduce rates by 17.5 basis points.” That’s ~$1,670 of interest savings on a typical $200,000 mortgage over five years.

Bank “mortgage specialists offer convenience to consumers, although they do not reduce search costs. This is because they work for one lender only.”
Click here to read the working paper on the BoC study.

It’s important to understand that mortgage brokers can offer lower rates because of the large volume of mortgages we successfully fund with lenders each year. This enables mortgage brokers to offer our clients wholesale versus retail pricing.

And while mortgage brokers have access to hundreds of products available through dozens of lenders, when you approach a lender directly for a mortgage, that lender can only offer one line of mortgage products – their own.

While most Canadians spend a lot of time and expend a lot of effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at the time of renewal costs Canadians thousands of extra dollars every year.

It’s important to never accept the first rate offer that your existing lender sends to you in the mail around renewal time. Without any negotiation, simply signing up for the market rate on a renewal will unnecessarily cost you a lot of extra money on your mortgage.

It would be my pleasure to have the lenders compete for your mortgage business at renewal time to ensure you receive the best mortgage options and rate catered to your specific needs. After all, just because a lender had the best available product or rate for you when you obtained a mortgage one, three or five years ago does not mean the same holds true in today’s market.

With products and rates changing on an ongoing basis, you can’t possibly know what the best offering is for your unique situation without having me – a mortgage professional – do some investigating on your behalf.

It’s my job to look at every rate and product change from each lender – including banks, trust companies and credit unions – every morning to ensure I find the best deals for my clients. I also have the inside scoop on specials available through dozens of lenders thanks to the large volume of business I fund through these lenders each year.

Often times, your existing lender will send a highball renewal rate to their existing clients in the hopes that you will simply sign the renewal form and send it back. Your best bet is to come to me prior to your renewal date or forward the lender’s renewal offer to me before signing anything. That way, you can rest assure you’re getting the best possible mortgage product and rate that suits both your current and future mortgage needs.

* We are Canada’s largest and fastest-growing mortgage brokerage!
* We have more than 1,900 Mortgage Professionals from more than 300 locations across the country!
* Our Mortgage Professionals are Experts in their field and many are ranked among the best nationally.
* We work for you, not the lenders, so your best interests will always be our number one priority.
* We have more than 100 mortgage programs, making it easy to choose the best fit for your unique situation.
* We close loans in all 10 provinces and 3 territories.
* We can process your mortgage in as few as 7 days.
* We are the preferred mortgage lender for several of Canada’s top companies.
* Dominion Lending Centres’ Mortgage Professionals are available anytime, anywhere, evenings and weekends – and we’ll even come to you!

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Equipment Leasing Reports New Gold Inc. (TSX:NGD) to acquire Richfield Ventures in friendly $550-million deal

Monday, April 4th, 2011

Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Shares in Richfield Ventures Corp. soared 25 per cent early Monday morning after New Gold Inc. (TSX:NGD) announced a friendly $550-million takeover deal for the B.C. company and its Blackwater gold project.

New Gold shares fell 33 cents to $10.93 shortly after morning trading opened on the Toronto Stock Exchange, while shares in Richfield (TSXV:RVC) climbed $2.05 to $9.98.

The Blackwater project, 160 kilometres southwest of Prince George, B.C., is projected to contain 1.8 million ounces of gold.

New Gold said it expects to begin production at the mine in about five or six years, and that Richfield’s project is a good fit with its own New Afton project, which is well-advanced towards production.

“This adds a large, advanced stage exploration gold asset into the New Gold portfolio. The project is in British Columbia, in a good location, near infrastructure,” Randall Oliphant, New Gold’s executive chairman said in a conference call with analysts.

Oliphant, a former chief executive of Barrick Gold Corp. (TSX:ABX), has guided New Gold through a number of deals including a $1.2-billion combination with Western Goldfields in 2009 and last year’s flip of a 70 per cent stake in the El Morrow copper-gold project in Chile to Goldcorp Inc. (TSX:G) for US$463 million.

New Gold said Monday that the Blackwater project will be easy to manage because it has good access to roads and skilled local workers who are out of work due to the effects of pine beetle infestation on the forestry industry.

Under the deal, Vancouver-based New Gold will issue 0.9217 of a share, worth about $10.38 based on Friday’s closing price, for each share of Richfield. The sale price is a 31 per cent premium to Friday closing prices.

Upon closing, Quesnel, B.C-based Richfield will own about 10 per cent of New Gold’s equity.

“I think New Gold’s offer is by far the most compelling and clearly advanced, which is why we’ve locked up the New Gold offer,” Peter Bernier, Richfield president and CEO said in the conference call, adding that the company waded through several bids over the past year before finally deciding on a buyer.

The two boards unanimously approved the deal.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###Equipment Leasing Reports New Gold Inc. (TSX:NGD) to acquire Richfield Ventures in friendly $550-million deal

Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Shares in Richfield Ventures Corp. soared 25 per cent early Monday morning after New Gold Inc. (TSX:NGD) announced a friendly $550-million takeover deal for the B.C. company and its Blackwater gold project.

New Gold shares fell 33 cents to $10.93 shortly after morning trading opened on the Toronto Stock Exchange, while shares in Richfield (TSXV:RVC) climbed $2.05 to $9.98.

The Blackwater project, 160 kilometres southwest of Prince George, B.C., is projected to contain 1.8 million ounces of gold.

New Gold said it expects to begin production at the mine in about five or six years, and that Richfield’s project is a good fit with its own New Afton project, which is well-advanced towards production.

“This adds a large, advanced stage exploration gold asset into the New Gold portfolio. The project is in British Columbia, in a good location, near infrastructure,” Randall Oliphant, New Gold’s executive chairman said in a conference call with analysts.

Oliphant, a former chief executive of Barrick Gold Corp. (TSX:ABX), has guided New Gold through a number of deals including a $1.2-billion combination with Western Goldfields in 2009 and last year’s flip of a 70 per cent stake in the El Morrow copper-gold project in Chile to Goldcorp Inc. (TSX:G) for US$463 million.

New Gold said Monday that the Blackwater project will be easy to manage because it has good access to roads and skilled local workers who are out of work due to the effects of pine beetle infestation on the forestry industry.

Under the deal, Vancouver-based New Gold will issue 0.9217 of a share, worth about $10.38 based on Friday’s closing price, for each share of Richfield. The sale price is a 31 per cent premium to Friday closing prices.

Upon closing, Quesnel, B.C-based Richfield will own about 10 per cent of New Gold’s equity.

“I think New Gold’s offer is by far the most compelling and clearly advanced, which is why we’ve locked up the New Gold offer,” Peter Bernier, Richfield president and CEO said in the conference call, adding that the company waded through several bids over the past year before finally deciding on a buyer.

The two boards unanimously approved the deal.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Shares in Richfield Ventures Corp. soared 25 per cent early Monday morning after New Gold Inc. (TSX:NGD) announced a friendly $550-million takeover deal for the B.C. company and its Blackwater gold project.

New Gold shares fell 33 cents to $10.93 shortly after morning trading opened on the Toronto Stock Exchange, while shares in Richfield (TSXV:RVC) climbed $2.05 to $9.98.

The Blackwater project, 160 kilometres southwest of Prince George, B.C., is projected to contain 1.8 million ounces of gold.

New Gold said it expects to begin production at the mine in about five or six years, and that Richfield’s project is a good fit with its own New Afton project, which is well-advanced towards production.

“This adds a large, advanced stage exploration gold asset into the New Gold portfolio. The project is in British Columbia, in a good location, near infrastructure,” Randall Oliphant, New Gold’s executive chairman said in a conference call with analysts.

Oliphant, a former chief executive of Barrick Gold Corp. (TSX:ABX), has guided New Gold through a number of deals including a $1.2-billion combination with Western Goldfields in 2009 and last year’s flip of a 70 per cent stake in the El Morrow copper-gold project in Chile to Goldcorp Inc. (TSX:G) for US$463 million.

New Gold said Monday that the Blackwater project will be easy to manage because it has good access to roads and skilled local workers who are out of work due to the effects of pine beetle infestation on the forestry industry.

Under the deal, Vancouver-based New Gold will issue 0.9217 of a share, worth about $10.38 based on Friday’s closing price, for each share of Richfield. The sale price is a 31 per cent premium to Friday closing prices.

Upon closing, Quesnel, B.C-based Richfield will own about 10 per cent of New Gold’s equity.

“I think New Gold’s offer is by far the most compelling and clearly advanced, which is why we’ve locked up the New Gold offer,” Peter Bernier, Richfield president and CEO said in the conference call, adding that the company waded through several bids over the past year before finally deciding on a buyer.

The two boards unanimously approved the deal.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Equipment Leasing Reports Ithaca Energy Inc. (TSXV:IAE) pays US$74.5 million, swaps assets to buy two North Sea oil plays

Monday, April 4th, 2011

Equipment Leasing Reports Ithaca Energy Inc. (TSXV:IAE) pays US$74.5 million, swaps assets to buy two North Sea oil plays

Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Ithaca Energy Inc. (TSXV:IAE) will pay US$74.5 million and swap assets with Hess Ltd. to acquire minority interests in two North Sea oil fields.

The Calgary-based company says it has an agreement to acquire a 28.46 per cent interest in the Cook oil field and a 7.41 per cent interest in the Maclure oil field from Hess.

In return, Hess will get the cash and 10 per cent interests in each of three exploration blocks in the southern North Sea.

The Cook oil field, operated by Shell, produced the equivalent of 7,940 barrels of oil per day in 2010, of which 2,260 oil-equivalent barrels per day went to Hess.

The Maclure oilfield, operated by BP, produced 5,857 oil-equivalent barrels per day in 2010, of which 434 boepd was Hess’s share. The acquisition is subject to pre-emptive rights held by third parties.

Ithaca said it will fund the acquisition from existing cash. The company also expects to increase its debt facilities to US$185 million from US$140 million.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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. A. Pidgeon, Editor in Chief
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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Caledonia Mining Corporation (TSX:CAL) Q4 profit hits $1.1M, reversing year-earlier loss

Friday, April 1st, 2011

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Caledonia Mining Corporation (TSX:CAL), a Toronto-based miner with operations in Africa, reports a fourth quarter profit of $1.1 million, reversing a loss a year ago of about $2.2 million.

Three-month revenues rose to $7.4 million from $4.3 million as the company benefited from higher production at its Blanket Mine in Zimbabwe and rising gold prices.

For the full year ended Dec. 31, Caledonia generated net profits of $3.7 million and revenues of $22.4 million on the sale of 17,598 ounces of gold by the Blanket mine.

That compared with a net loss of $3.1 million on sales of $11.6 million a year earlier.

“The completion of the No. 4 shaft expansion project dramatically improved the operating performance at Blanket due to increased production capability, particularly towards the end of the fourth quarter,” president and CEO Stefan Hayden said in a release.

“As Blanket continues to operate at a sustainably higher level of production following the successful ramp-up in production, I expect this to give rise to a significant reduction in average costs per ounce.”

In Thursday trading on the TSX, Caledonia shares rose half a cent to 14.5 cents.

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
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Caledonia Mining Corporation (TSX:CAL) Q4 profit hits $1.1M, reversing year-earlier lossDominion Lending Centres Clearlease Reports Caledonia Mining Corporation (TSX:CAL) Q4 profit hits $1.1M, reversing year-earlier loss

 

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Caledonia Mining Corporation (TSX:CAL), a Toronto-based miner with operations in Africa, reports a fourth quarter profit of $1.1 million, reversing a loss a year ago of about $2.2 million.

Three-month revenues rose to $7.4 million from $4.3 million as the company benefited from higher production at its Blanket Mine in Zimbabwe and rising gold prices.

For the full year ended Dec. 31, Caledonia generated net profits of $3.7 million and revenues of $22.4 million on the sale of 17,598 ounces of gold by the Blanket mine.

That compared with a net loss of $3.1 million on sales of $11.6 million a year earlier.

“The completion of the No. 4 shaft expansion project dramatically improved the operating performance at Blanket due to increased production capability, particularly towards the end of the fourth quarter,” president and CEO Stefan Hayden said in a release.

“As Blanket continues to operate at a sustainably higher level of production following the successful ramp-up in production, I expect this to give rise to a significant reduction in average costs per ounce.”

In Thursday trading on the TSX, Caledonia shares rose half a cent to 14.5 cents.

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
Twitter: @clearlease

###

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Caledonia Mining Corporation (TSX:CAL), a Toronto-based miner with operations in Africa, reports a fourth quarter profit of $1.1 million, reversing a loss a year ago of about $2.2 million.

Three-month revenues rose to $7.4 million from $4.3 million as the company benefited from higher production at its Blanket Mine in Zimbabwe and rising gold prices.

For the full year ended Dec. 31, Caledonia generated net profits of $3.7 million and revenues of $22.4 million on the sale of 17,598 ounces of gold by the Blanket mine.

That compared with a net loss of $3.1 million on sales of $11.6 million a year earlier.

“The completion of the No. 4 shaft expansion project dramatically improved the operating performance at Blanket due to increased production capability, particularly towards the end of the fourth quarter,” president and CEO Stefan Hayden said in a release.

“As Blanket continues to operate at a sustainably higher level of production following the successful ramp-up in production, I expect this to give rise to a significant reduction in average costs per ounce.”

In Thursday trading on the TSX, Caledonia shares rose half a cent to 14.5 cents.

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
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Caledonia Mining Corporation (TSX:CAL) Q4 profit hits $1.1M, reversing year-earlier loss

Dominion Lending Centres Clearlease Reports TSX advances on earnings from Bombardier (TSX:BBD.B)

Friday, April 1st, 2011

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The Toronto stock market was higher Thursday afternoon as the latest earnings report from market heavyweight Bombardier Inc. (TSX:BBD.B) beat expectations and commodity stocks rose along with prices for oil and gold.

The S&P/TSX composite index moved up 53.74 points to 14,137.31 while the TSX Venture Exchange gained six points to 2,292.44.

The Canadian dollar was higher against the American currency, up 0.18 of a cent at 103.13 cents US after reaching a three and a half year high of 103.27 cents US. The currency advanced amid data showing the economy got off to a strong start for 2011. Statistics Canada reported that gross domestic product grew in January by 0.5 per cent, which met expectations and matched the pace of growth for December.

The agency said that growth was driven by the manufacturing sector and, to a lesser extent, by transportation and wholesale trade.

Bombardier shares jumped 87 cents or 13.8 per cent to $7.17 on heavy volume of 44.3 million traded as the transportation giant reported quarterly net income of US$325 million or 18 cents per share, beating analyst expectations. That compared with net income of US$179 million or 10 cents a share a year ago. Revenue was nearly unchanged at $5.37 billion.

“Results were driven largely by higher aerospace and transportation margins which is nice to see and their 2012 margin guidance of 10 per cent definitely suggests upside to estimates,” said Alison Mendes, managing director and portfolio manager at Manulife Asset Management, adding that the results reflect a global economic recovery.

“(In) their transportation division, you’re seeing a lot of global demand pickup there and contract wins in emerging markets. And that reiterates the continued strength in the global economy.”

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
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports TSX advances on earnings from Bombardier (TSX:BBD.B)

 

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The Toronto stock market was higher Thursday afternoon as the latest earnings report from market heavyweight Bombardier Inc. (TSX:BBD.B) beat expectations and commodity stocks rose along with prices for oil and gold.

The S&P/TSX composite index moved up 53.74 points to 14,137.31 while the TSX Venture Exchange gained six points to 2,292.44.

The Canadian dollar was higher against the American currency, up 0.18 of a cent at 103.13 cents US after reaching a three and a half year high of 103.27 cents US. The currency advanced amid data showing the economy got off to a strong start for 2011. Statistics Canada reported that gross domestic product grew in January by 0.5 per cent, which met expectations and matched the pace of growth for December.

The agency said that growth was driven by the manufacturing sector and, to a lesser extent, by transportation and wholesale trade.

Bombardier shares jumped 87 cents or 13.8 per cent to $7.17 on heavy volume of 44.3 million traded as the transportation giant reported quarterly net income of US$325 million or 18 cents per share, beating analyst expectations. That compared with net income of US$179 million or 10 cents a share a year ago. Revenue was nearly unchanged at $5.37 billion.

“Results were driven largely by higher aerospace and transportation margins which is nice to see and their 2012 margin guidance of 10 per cent definitely suggests upside to estimates,” said Alison Mendes, managing director and portfolio manager at Manulife Asset Management, adding that the results reflect a global economic recovery.

“(In) their transportation division, you’re seeing a lot of global demand pickup there and contract wins in emerging markets. And that reiterates the continued strength in the global economy.”

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
Twitter: @clearlease

###

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The Toronto stock market was higher Thursday afternoon as the latest earnings report from market heavyweight Bombardier Inc. (TSX:BBD.B) beat expectations and commodity stocks rose along with prices for oil and gold.

The S&P/TSX composite index moved up 53.74 points to 14,137.31 while the TSX Venture Exchange gained six points to 2,292.44.

The Canadian dollar was higher against the American currency, up 0.18 of a cent at 103.13 cents US after reaching a three and a half year high of 103.27 cents US. The currency advanced amid data showing the economy got off to a strong start for 2011. Statistics Canada reported that gross domestic product grew in January by 0.5 per cent, which met expectations and matched the pace of growth for December.

The agency said that growth was driven by the manufacturing sector and, to a lesser extent, by transportation and wholesale trade.

Bombardier shares jumped 87 cents or 13.8 per cent to $7.17 on heavy volume of 44.3 million traded as the transportation giant reported quarterly net income of US$325 million or 18 cents per share, beating analyst expectations. That compared with net income of US$179 million or 10 cents a share a year ago. Revenue was nearly unchanged at $5.37 billion.

“Results were driven largely by higher aerospace and transportation margins which is nice to see and their 2012 margin guidance of 10 per cent definitely suggests upside to estimates,” said Alison Mendes, managing director and portfolio manager at Manulife Asset Management, adding that the results reflect a global economic recovery.

“(In) their transportation division, you’re seeing a lot of global demand pickup there and contract wins in emerging markets. And that reiterates the continued strength in the global economy.”

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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Wall Street ends up; quarter’s end in view

Thursday, March 31st, 2011

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports U.S. stocks ended higher on Wednesday with activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end.

Based on the latest available data, the Dow Jones industrial average <.DJI> shot up 71.60 points, or 0.58 percent, to end unofficially at 12,350.61. The Standard & Poor’s 500 Index <.SPX> gained 8.82 points, or 0.67 percent, to finish unofficially at 1,328.26. The Nasdaq Composite Index <.IXIC> climbed 19.90 points, or 0.72 percent, to close unofficially at 2,776.79.

The Russell 2000 index <.RUT> closed at the highest level since October 2007.

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
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Wall Street ends up; quarter's end in view

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports U.S. stocks ended higher on Wednesday with activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end.

Based on the latest available data, the Dow Jones industrial average <.DJI> shot up 71.60 points, or 0.58 percent, to end unofficially at 12,350.61. The Standard & Poor’s 500 Index <.SPX> gained 8.82 points, or 0.67 percent, to finish unofficially at 1,328.26. The Nasdaq Composite Index <.IXIC> climbed 19.90 points, or 0.72 percent, to close unofficially at 2,776.79.

The Russell 2000 index <.RUT> closed at the highest level since October 2007.

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
Twitter: @clearlease

###

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports U.S. stocks ended higher on Wednesday with activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end.

Based on the latest available data, the Dow Jones industrial average <.DJI> shot up 71.60 points, or 0.58 percent, to end unofficially at 12,350.61. The Standard & Poor’s 500 Index <.SPX> gained 8.82 points, or 0.67 percent, to finish unofficially at 1,328.26. The Nasdaq Composite Index <.IXIC> climbed 19.90 points, or 0.72 percent, to close unofficially at 2,776.79.

The Russell 2000 index <.RUT> closed at the highest level since October 2007.

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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports American International Group, Inc.(NYSE: AIG)

Thursday, March 31st, 2011

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports American International Group, Inc.(NYSE: AIG) reorganized its largest unit, its Chartis property and casualty insurance division, and named Peter Hancock as chief executive of the unit, it said on Thursday.

The previous CEO of Chartis, Kristian Moor, will become vice chairman of the division.

Hancock has been instrumental in AIG’s recapitalization efforts, leading the company’s negotiations with the Federal Reserve.

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
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports American International Group, Inc.(NYSE: AIG)

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports American International Group, Inc.(NYSE: AIG) reorganized its largest unit, its Chartis property and casualty insurance division, and named Peter Hancock as chief executive of the unit, it said on Thursday.

The previous CEO of Chartis, Kristian Moor, will become vice chairman of the division.

Hancock has been instrumental in AIG’s recapitalization efforts, leading the company’s negotiations with the Federal Reserve.

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
Twitter: @clearlease

###

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports American International Group, Inc.(NYSE: AIG) reorganized its largest unit, its Chartis property and casualty insurance division, and named Peter Hancock as chief executive of the unit, it said on Thursday.

The previous CEO of Chartis, Kristian Moor, will become vice chairman of the division.

Hancock has been instrumental in AIG’s recapitalization efforts, leading the company’s negotiations with the Federal Reserve.

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
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Canadian retailers seen as prime takeover targets include Le Chateau , Jacob and Reitmans could become takeover targets as a wave of U.S. retailers follows Target Corp’s lead

Thursday, March 31st, 2011

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Well-known Canadian clothiers Le Chateau , Jacob and Reitmans could become takeover targets as a wave of U.S. retailers follows Target Corp’s lead and seeks opportunities north of the border.

There are plenty of reasons why Canadian retailers have become so appealing: the country’s robust retail market, a healthy economy, proximity to the huge U.S. market, a common language and lower valuations of Canadian companies.

But why does a U.S. retailer need to acquire a Canadian chain to set up shop? The scarcity of real estate in big Canadian cities makes takeovers of companies with ready-made store locations the surest route for foreign entrants.

That was the rationale of Target in January when the No. 2 U.S. retailer announced a C$1.83 billion ($1.87 billion) deal to take over Canadian leases on up to 220 Zellers stores owned by Hudson’s Bay Co, North America’s oldest company.

The move signaled growing interest by U.S. companies in the Canadian market, where No.1 Wal-Mart Stores Inc has had a large presence for nearly two decades.

“Competitors always react to another’s movement and this was a pretty significant move on Target’s part,” said Ken Tuchman, vice-chairman of investment and corporate banking at BMO Capital Markets.

“Other U.S. retailers may begin thinking, ‘Are we just going to cede the country to Target, or are we going to explore similar opportunities?'” Tuchman said.

“You’re seeing more and more interest in Canadian retail M&A.”

Tuchman declined to speculate on which Canadian companies may be for sale.

FROM TARGET TO TARGETS

Sources contacted by Reuters said potential targets might also include clothier Tristan and sporting goods chain Forzani Group .

Clothier Le Chateau explored strategic options a few years ago and Jacob is a women’s fashion chain that filed for bankruptcy protection last year.

“There’s got to be consolidation there (in apparel) as large chains are taking market share,” said Ed Strapagiel, executive vice-president at retail consultancy KubasPrimedia.

“So you have to look around and say, what are some of the smaller fashion stores going to do about it?”

When Wal-Mart entered the Canadian market in 1994, it did so through the acquisition of about 120 Woolco stores from Woolworth Canada. Best Buy Co Inc acquired Future Shop in 2001.

So it’s no surprise that Minneapolis-based Target, known for its cheap but chic merchandise and with more than 1,700 stores in 49 U.S. states, chose to mirror that strategy.

“Once you get a couple of deals going, everybody gets interested and looks and says, what is there to buy?” CIBC analyst Perry Caicco said.

“The gates have opened” for U.S. retailers to enter the country, he said.

Among the large U.S. retailers without a presence in Canada are J.C. Penney , Kohls , Walgreen and Macy’s .

“If you want to enter Canada with any kind of scope, scale, if you want to have a critical mass, you will probably have to make a strategic acquisition,” Edward Jones analyst John Sheehan said.

“Good quality real estate in Canada is hard to come by,” he said. “The Canadian market has a lot less square footage per capita compared to the United States.”

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
Twitter: @clearlease

### Dominion Lending Centres Clearlease Reports Canadian retailers seen as prime takeover targets include Le Chateau , Jacob and Reitmans could become takeover targets as a wave of U.S. retailers follows Target Corp's lead

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Well-known Canadian clothiers Le Chateau , Jacob and Reitmans could become takeover targets as a wave of U.S. retailers follows Target Corp’s lead and seeks opportunities north of the border.

There are plenty of reasons why Canadian retailers have become so appealing: the country’s robust retail market, a healthy economy, proximity to the huge U.S. market, a common language and lower valuations of Canadian companies.

But why does a U.S. retailer need to acquire a Canadian chain to set up shop? The scarcity of real estate in big Canadian cities makes takeovers of companies with ready-made store locations the surest route for foreign entrants.

That was the rationale of Target in January when the No. 2 U.S. retailer announced a C$1.83 billion ($1.87 billion) deal to take over Canadian leases on up to 220 Zellers stores owned by Hudson’s Bay Co, North America’s oldest company.

The move signaled growing interest by U.S. companies in the Canadian market, where No.1 Wal-Mart Stores Inc has had a large presence for nearly two decades.

“Competitors always react to another’s movement and this was a pretty significant move on Target’s part,” said Ken Tuchman, vice-chairman of investment and corporate banking at BMO Capital Markets.

“Other U.S. retailers may begin thinking, ‘Are we just going to cede the country to Target, or are we going to explore similar opportunities?'” Tuchman said.

“You’re seeing more and more interest in Canadian retail M&A.”

Tuchman declined to speculate on which Canadian companies may be for sale.

FROM TARGET TO TARGETS

Sources contacted by Reuters said potential targets might also include clothier Tristan and sporting goods chain Forzani Group .

Clothier Le Chateau explored strategic options a few years ago and Jacob is a women’s fashion chain that filed for bankruptcy protection last year.

“There’s got to be consolidation there (in apparel) as large chains are taking market share,” said Ed Strapagiel, executive vice-president at retail consultancy KubasPrimedia.

“So you have to look around and say, what are some of the smaller fashion stores going to do about it?”

When Wal-Mart entered the Canadian market in 1994, it did so through the acquisition of about 120 Woolco stores from Woolworth Canada. Best Buy Co Inc acquired Future Shop in 2001.

So it’s no surprise that Minneapolis-based Target, known for its cheap but chic merchandise and with more than 1,700 stores in 49 U.S. states, chose to mirror that strategy.

“Once you get a couple of deals going, everybody gets interested and looks and says, what is there to buy?” CIBC analyst Perry Caicco said.

“The gates have opened” for U.S. retailers to enter the country, he said.

Among the large U.S. retailers without a presence in Canada are J.C. Penney , Kohls , Walgreen and Macy’s .

“If you want to enter Canada with any kind of scope, scale, if you want to have a critical mass, you will probably have to make a strategic acquisition,” Edward Jones analyst John Sheehan said.

“Good quality real estate in Canada is hard to come by,” he said. “The Canadian market has a lot less square footage per capita compared to the United States.”

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
Twitter: @clearlease

###

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Well-known Canadian clothiers Le Chateau , Jacob and Reitmans could become takeover targets as a wave of U.S. retailers follows Target Corp’s lead and seeks opportunities north of the border.

There are plenty of reasons why Canadian retailers have become so appealing: the country’s robust retail market, a healthy economy, proximity to the huge U.S. market, a common language and lower valuations of Canadian companies.

But why does a U.S. retailer need to acquire a Canadian chain to set up shop? The scarcity of real estate in big Canadian cities makes takeovers of companies with ready-made store locations the surest route for foreign entrants.

That was the rationale of Target in January when the No. 2 U.S. retailer announced a C$1.83 billion ($1.87 billion) deal to take over Canadian leases on up to 220 Zellers stores owned by Hudson’s Bay Co, North America’s oldest company.

The move signaled growing interest by U.S. companies in the Canadian market, where No.1 Wal-Mart Stores Inc has had a large presence for nearly two decades.

“Competitors always react to another’s movement and this was a pretty significant move on Target’s part,” said Ken Tuchman, vice-chairman of investment and corporate banking at BMO Capital Markets.

“Other U.S. retailers may begin thinking, ‘Are we just going to cede the country to Target, or are we going to explore similar opportunities?'” Tuchman said.

“You’re seeing more and more interest in Canadian retail M&A.”

Tuchman declined to speculate on which Canadian companies may be for sale.

FROM TARGET TO TARGETS

Sources contacted by Reuters said potential targets might also include clothier Tristan and sporting goods chain Forzani Group .

Clothier Le Chateau explored strategic options a few years ago and Jacob is a women’s fashion chain that filed for bankruptcy protection last year.

“There’s got to be consolidation there (in apparel) as large chains are taking market share,” said Ed Strapagiel, executive vice-president at retail consultancy KubasPrimedia.

“So you have to look around and say, what are some of the smaller fashion stores going to do about it?”

When Wal-Mart entered the Canadian market in 1994, it did so through the acquisition of about 120 Woolco stores from Woolworth Canada. Best Buy Co Inc acquired Future Shop in 2001.

So it’s no surprise that Minneapolis-based Target, known for its cheap but chic merchandise and with more than 1,700 stores in 49 U.S. states, chose to mirror that strategy.

“Once you get a couple of deals going, everybody gets interested and looks and says, what is there to buy?” CIBC analyst Perry Caicco said.

“The gates have opened” for U.S. retailers to enter the country, he said.

Among the large U.S. retailers without a presence in Canada are J.C. Penney , Kohls , Walgreen and Macy’s .

“If you want to enter Canada with any kind of scope, scale, if you want to have a critical mass, you will probably have to make a strategic acquisition,” Edward Jones analyst John Sheehan said.

“Good quality real estate in Canada is hard to come by,” he said. “The Canadian market has a lot less square footage per capita compared to the United States.”

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
Twitter: @clearlease

###

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

Wednesday, March 30th, 2011

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

###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) – 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

###

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

Wednesday, March 30th, 2011


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

###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) – 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

###

Dominion Lending Centres Clearlease Reports shares soars on Valeant (TSX:VRX) bid for Cephalon (Nasdaq:CEPH)

Wednesday, March 30th, 2011

Dominion Lending Centres Clearlease Reports shares soars on Valeant (TSX:VRX) bid for Cephalon (Nasdaq:CEPH)

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Valeant Pharmaceuticals International (TSX:VRX) sees shares skyrocket after $5.7-million bid

Cephalon (Nasdaq:CEPH) shares jumped 28 per cent Wednesday morning in their first trading since Valeant (TSX:VRX) made its US$73 per share offer after markets closed on Tuesday. The hostile bid followed several attempts to negotiate a friendly deal.

Cephalon stock rose above Valeant’s bid to $75.22, suggesting that some investors believe the company is worth more.

“If Cephalon’s board and management team provides us with the opportunity to do some due diligence, we would be open to sharing a piece of the upside with Cephalon shareholders and give a bump to our offer,” Valeant chairman and chief executive Michael Pearson said on a conference call to discuss the takeover plans.

“We have also made it clear that we will remain disciplined on any final offer price and we will not pursue this transaction at any cost.”

Valeant said it plans to borrow all of the money required to make the cash offer for Cephalon, and said New York investment firm Goldman Sachs & Co. has provided a highly confident letter for the full amount. The Canadian company, which was known as Biovail until a rebranding last year, says it’s making the hostile bid after being rebuffed several times by Cephalon’s board and management.

Valeant shares gained 11 per cent or $4.92 to $48.22 on the Toronto Stock Exchange.

However, it faces several hurdles as it attempts to convince shareholders that the deal is compelling, including a defensive strategy invoked by Cephalon’s board that would not allow stockholders to accept an offer without the board’s approval.

Pearson said Valeant is undergoing a process next week in an effort to solicit shareholder support to replace Cephalon’s current board of directors with its own nominees. But he added that it was never Valeant’s intention to go public with the offer and preferred to negotiate a more direct private offer.

“We decided to take the step of appealing directly to shareholders due to the lack of urgency on the part of the board of directors and their decision to continue to spend a fair amount of money, about $400 million in the last week or so in what we view as high-risk investments,” Pearson said.

The bid comes one day after Cephalon announced a friendly offer to buy ChemGenex of Australia.

Pearson was a major player in last year’s merger between Biovail and Valeant, based in Aliso Viejo, Calif. He had been chairman and CEO of Valeant and now heads the combined company, which retained Biovail’s corporate headquarters in Mississauga, Ont.

Cephalon researches and develops drugs to treat central nervous system disorders, pain, cancers and inflammatory disease. Valeant is increasingly focusing on neurology and dermatology drugs.

Cephalon, headquartered in Frazer, Pa., issued a statement late Tuesday saying Valeant had proposed on March 18 to buy the whole company for US$73 per share and on March 25 it offered to buy the whole company for the same amount or its non-oncology assets for $2.8 billion.

“Upon the receipt of each of Valeant’s proposals, Cephalon acted expeditiously to commence an analysis of both alternatives presented by Valeant,” Cephalon said.

“In addition, the company advised Valeant that its board of directors would be meeting to consider the proposals and planned to respond to Valeant during the week of April 4.”

Cephalon said its directors are “very aware” of their responsibility to shareholders and intend to consider the unsolicited proposal from Valeant with a view to maximize shareholder value. It said shareholders they don’t need to take any action at this time in response the Valeant offer.

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

###Dominion Lending Centres Clearlease Reports shares soars on Valeant (TSX:VRX) bid for Cephalon (Nasdaq:CEPH)

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Valeant Pharmaceuticals International (TSX:VRX) sees shares skyrocket after $5.7-million bid

Cephalon (Nasdaq:CEPH) shares jumped 28 per cent Wednesday morning in their first trading since Valeant (TSX:VRX) made its US$73 per share offer after markets closed on Tuesday. The hostile bid followed several attempts to negotiate a friendly deal.

Cephalon stock rose above Valeant’s bid to $75.22, suggesting that some investors believe the company is worth more.

“If Cephalon’s board and management team provides us with the opportunity to do some due diligence, we would be open to sharing a piece of the upside with Cephalon shareholders and give a bump to our offer,” Valeant chairman and chief executive Michael Pearson said on a conference call to discuss the takeover plans.

“We have also made it clear that we will remain disciplined on any final offer price and we will not pursue this transaction at any cost.”

Valeant said it plans to borrow all of the money required to make the cash offer for Cephalon, and said New York investment firm Goldman Sachs & Co. has provided a highly confident letter for the full amount. The Canadian company, which was known as Biovail until a rebranding last year, says it’s making the hostile bid after being rebuffed several times by Cephalon’s board and management.

Valeant shares gained 11 per cent or $4.92 to $48.22 on the Toronto Stock Exchange.

However, it faces several hurdles as it attempts to convince shareholders that the deal is compelling, including a defensive strategy invoked by Cephalon’s board that would not allow stockholders to accept an offer without the board’s approval.

Pearson said Valeant is undergoing a process next week in an effort to solicit shareholder support to replace Cephalon’s current board of directors with its own nominees. But he added that it was never Valeant’s intention to go public with the offer and preferred to negotiate a more direct private offer.

“We decided to take the step of appealing directly to shareholders due to the lack of urgency on the part of the board of directors and their decision to continue to spend a fair amount of money, about $400 million in the last week or so in what we view as high-risk investments,” Pearson said.

The bid comes one day after Cephalon announced a friendly offer to buy ChemGenex of Australia.

Pearson was a major player in last year’s merger between Biovail and Valeant, based in Aliso Viejo, Calif. He had been chairman and CEO of Valeant and now heads the combined company, which retained Biovail’s corporate headquarters in Mississauga, Ont.

Cephalon researches and develops drugs to treat central nervous system disorders, pain, cancers and inflammatory disease. Valeant is increasingly focusing on neurology and dermatology drugs.

Cephalon, headquartered in Frazer, Pa., issued a statement late Tuesday saying Valeant had proposed on March 18 to buy the whole company for US$73 per share and on March 25 it offered to buy the whole company for the same amount or its non-oncology assets for $2.8 billion.

“Upon the receipt of each of Valeant’s proposals, Cephalon acted expeditiously to commence an analysis of both alternatives presented by Valeant,” Cephalon said.

“In addition, the company advised Valeant that its board of directors would be meeting to consider the proposals and planned to respond to Valeant during the week of April 4.”

Cephalon said its directors are “very aware” of their responsibility to shareholders and intend to consider the unsolicited proposal from Valeant with a view to maximize shareholder value. It said shareholders they don’t need to take any action at this time in response the Valeant offer.

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

###Dominion Lending Centres Clearlease Reports shares soars on Valeant (TSX:VRX) bid for Cephalon (Nasdaq:CEPH)

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Valeant Pharmaceuticals International (TSX:VRX) sees shares skyrocket after $5.7-million bid

Cephalon (Nasdaq:CEPH) shares jumped 28 per cent Wednesday morning in their first trading since Valeant (TSX:VRX) made its US$73 per share offer after markets closed on Tuesday. The hostile bid followed several attempts to negotiate a friendly deal.

Cephalon stock rose above Valeant’s bid to $75.22, suggesting that some investors believe the company is worth more.

“If Cephalon’s board and management team provides us with the opportunity to do some due diligence, we would be open to sharing a piece of the upside with Cephalon shareholders and give a bump to our offer,” Valeant chairman and chief executive Michael Pearson said on a conference call to discuss the takeover plans.

“We have also made it clear that we will remain disciplined on any final offer price and we will not pursue this transaction at any cost.”

Valeant said it plans to borrow all of the money required to make the cash offer for Cephalon, and said New York investment firm Goldman Sachs & Co. has provided a highly confident letter for the full amount. The Canadian company, which was known as Biovail until a rebranding last year, says it’s making the hostile bid after being rebuffed several times by Cephalon’s board and management.

Valeant shares gained 11 per cent or $4.92 to $48.22 on the Toronto Stock Exchange.

However, it faces several hurdles as it attempts to convince shareholders that the deal is compelling, including a defensive strategy invoked by Cephalon’s board that would not allow stockholders to accept an offer without the board’s approval.

Pearson said Valeant is undergoing a process next week in an effort to solicit shareholder support to replace Cephalon’s current board of directors with its own nominees. But he added that it was never Valeant’s intention to go public with the offer and preferred to negotiate a more direct private offer.

“We decided to take the step of appealing directly to shareholders due to the lack of urgency on the part of the board of directors and their decision to continue to spend a fair amount of money, about $400 million in the last week or so in what we view as high-risk investments,” Pearson said.

The bid comes one day after Cephalon announced a friendly offer to buy ChemGenex of Australia.

Pearson was a major player in last year’s merger between Biovail and Valeant, based in Aliso Viejo, Calif. He had been chairman and CEO of Valeant and now heads the combined company, which retained Biovail’s corporate headquarters in Mississauga, Ont.

Cephalon researches and develops drugs to treat central nervous system disorders, pain, cancers and inflammatory disease. Valeant is increasingly focusing on neurology and dermatology drugs.

Cephalon, headquartered in Frazer, Pa., issued a statement late Tuesday saying Valeant had proposed on March 18 to buy the whole company for US$73 per share and on March 25 it offered to buy the whole company for the same amount or its non-oncology assets for $2.8 billion.

“Upon the receipt of each of Valeant’s proposals, Cephalon acted expeditiously to commence an analysis of both alternatives presented by Valeant,” Cephalon said.

“In addition, the company advised Valeant that its board of directors would be meeting to consider the proposals and planned to respond to Valeant during the week of April 4.”

Cephalon said its directors are “very aware” of their responsibility to shareholders and intend to consider the unsolicited proposal from Valeant with a view to maximize shareholder value. It said shareholders they don’t need to take any action at this time in response the Valeant offer.

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

###

Dominion Lending Centres Clearlease Reports National Bank (TSX:NA) looks to future acquisitions, plans further dividend increases

Wednesday, March 30th, 2011


Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports The head of the National Bank of Canada (TSX:NA) says the proposed merger between the Toronto and London stock exchanges will hurt Canada’s ability to raise capital for its natural resources sector.

Chief executive Louis Vachon told the bank’s annual meeting that the bank, which holds 1.3 million TMX shares, also opposes the deal because it doesn’t offer stockholders a premium.

Vachon described the London exchange as a relatively weak strategic partner, saying the TMX’s financial plan is stronger.

He added that it would be preferable that ownership of the derivatives business remain in Canadian hands than to be merely regulated in Canada.

Canada’s sixth-largest bank says it plans to express its opposition to the proposed deal to various governments reviewing the transaction.

Meanwhile, Vachon told shareholders that National Bank plans further dividend increases while growing through acquisitions.

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

###Dominion Lending Centres Clearlease Reports National Bank (TSX:NA) looks to future acquisitions, plans further dividend increases

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports The head of the National Bank of Canada (TSX:NA) says the proposed merger between the Toronto and London stock exchanges will hurt Canada’s ability to raise capital for its natural resources sector.

Chief executive Louis Vachon told the bank’s annual meeting that the bank, which holds 1.3 million TMX shares, also opposes the deal because it doesn’t offer stockholders a premium.

Vachon described the London exchange as a relatively weak strategic partner, saying the TMX’s financial plan is stronger.

He added that it would be preferable that ownership of the derivatives business remain in Canadian hands than to be merely regulated in Canada.

Canada’s sixth-largest bank says it plans to express its opposition to the proposed deal to various governments reviewing the transaction.

Meanwhile, Vachon told shareholders that National Bank plans further dividend increases while growing through acquisitions.

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) – Clearlease.com reports The head of the National Bank of Canada (TSX:NA) says the proposed merger between the Toronto and London stock exchanges will hurt Canada’s ability to raise capital for its natural resources sector.

Chief executive Louis Vachon told the bank’s annual meeting that the bank, which holds 1.3 million TMX shares, also opposes the deal because it doesn’t offer stockholders a premium.

Vachon described the London exchange as a relatively weak strategic partner, saying the TMX’s financial plan is stronger.

He added that it would be preferable that ownership of the derivatives business remain in Canadian hands than to be merely regulated in Canada.

Canada’s sixth-largest bank says it plans to express its opposition to the proposed deal to various governments reviewing the transaction.

Meanwhile, Vachon told shareholders that National Bank plans further dividend increases while growing through acquisitions.

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

###

Dominion Lending Centres Clearlease Reports Clarke Inc. (TSX:CKI) turns loss into $10 million profit in Q4

Wednesday, March 30th, 2011


Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Clarke Inc. (TSX:CKI) booked a profit in the fourth quarter of 2010, turning around a loss from the same quarter a year earlier.

Clarke said its net income rose to $10 million in the three month period, or 37 cents per share, compared to a loss of $1.8 million, or five cents per share in the same period of 2009.

Revenue slipped to $58.2 million, compared to $61.9 million the year prior, because of reduced freight collections and lower distributions from investments.

Halifax-based Clarke, a company that specializes in buying up ailing businesses, turning them around and reselling them, said it repaid debt throughout the last two years and repurchased its own securities in the fourth quarter, returning $3.1 million to shareholders.

It said restructuring of its Madacy CD and DVD business produced income, and income from continuing operations was due to favourable accounting results of defined benefit pension plans.

It said the value of its portfolio of publicly traded securities recovered in the quarter, leading to comprehensive income.

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

###Dominion Lending Centres Clearlease Reports Clarke Inc. (TSX:CKI) turns loss into $10 million profit in Q4

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Clarke Inc. (TSX:CKI) booked a profit in the fourth quarter of 2010, turning around a loss from the same quarter a year earlier.

Clarke said its net income rose to $10 million in the three month period, or 37 cents per share, compared to a loss of $1.8 million, or five cents per share in the same period of 2009.

Revenue slipped to $58.2 million, compared to $61.9 million the year prior, because of reduced freight collections and lower distributions from investments.

Halifax-based Clarke, a company that specializes in buying up ailing businesses, turning them around and reselling them, said it repaid debt throughout the last two years and repurchased its own securities in the fourth quarter, returning $3.1 million to shareholders.

It said restructuring of its Madacy CD and DVD business produced income, and income from continuing operations was due to favourable accounting results of defined benefit pension plans.

It said the value of its portfolio of publicly traded securities recovered in the quarter, leading to comprehensive income.

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) – Clearlease.com reports Clarke Inc. (TSX:CKI) booked a profit in the fourth quarter of 2010, turning around a loss from the same quarter a year earlier.

Clarke said its net income rose to $10 million in the three month period, or 37 cents per share, compared to a loss of $1.8 million, or five cents per share in the same period of 2009.

Revenue slipped to $58.2 million, compared to $61.9 million the year prior, because of reduced freight collections and lower distributions from investments.

Halifax-based Clarke, a company that specializes in buying up ailing businesses, turning them around and reselling them, said it repaid debt throughout the last two years and repurchased its own securities in the fourth quarter, returning $3.1 million to shareholders.

It said restructuring of its Madacy CD and DVD business produced income, and income from continuing operations was due to favourable accounting results of defined benefit pension plans.

It said the value of its portfolio of publicly traded securities recovered in the quarter, leading to comprehensive income.

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

###

Dominion Lending Centres Clearlease Reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Closes Equity Placement.

Wednesday, March 30th, 2011


Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Olympus CEO, David Seton announces the Paterson Securities Equity Placement is now closed.

In order to move forward with the brokered private placement of Convertible Notes for a minimum of CAD$ 12 million with an option (subject to the Company’s acceptance) to sell an additional CAD$ 8 million, thereby achieving the Company’s funding target of a minimum of AUD$ 16.8 Million, Olympus has placed 14 million shares at AUD$ 0.40 to raise AUD$ 5.6 million with clients of Placement Lead Manager Patersons Securities Limited. Settlement of the Placement is due in the next few days. The Company will complete its capital raising by way of a more favorable convertible note offering (See Olympus Press Release dated March 22 & 25, 2011).

The Company believes raising capital through a convertible note is less dilutive and more favorable to shareholders than the earlier announced AUD$ 16.80 million equity raise (See Olympus Press Release dated March 25, 2011)

The capital raising will enable the Company to complete the building of its Phuoc Son gold plant, which due to unseasonably long and heavy rains has been delayed. This delay has had a consequent affect on internally generated cash flow previously allocated for significant self-funding of the project. Commissioning is now taking place and production from the plant is anticipated to commence in May.

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

###Dominion Lending Centres Clearlease Reports Olympus Pacific Minerals Inc. ("Olympus" or the "Company") (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Closes Equity Placement.

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Olympus CEO, David Seton announces the Paterson Securities Equity Placement is now closed.

In order to move forward with the brokered private placement of Convertible Notes for a minimum of CAD$ 12 million with an option (subject to the Company’s acceptance) to sell an additional CAD$ 8 million, thereby achieving the Company’s funding target of a minimum of AUD$ 16.8 Million, Olympus has placed 14 million shares at AUD$ 0.40 to raise AUD$ 5.6 million with clients of Placement Lead Manager Patersons Securities Limited. Settlement of the Placement is due in the next few days. The Company will complete its capital raising by way of a more favorable convertible note offering (See Olympus Press Release dated March 22 & 25, 2011).

The Company believes raising capital through a convertible note is less dilution and more favorable to shareholders than the earlier announced AUD$ 16.80 million equity raise (See Olympus Press Release dated March 25, 2011)

The capital raising will enable the Company to complete the building of its Phuoc Son gold plant, which due to unseasonably long and heavy rains has been delayed. This delay has had a consequent affect on internally generated cash flow previously allocated for significant self-funding of the project. Commissioning is now taking place and production from the plant is anticipated to commence in May.

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) – Clearlease.com reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Olympus CEO, David Seton announces the Paterson Securities Equity Placement is now closed.

In order to move forward with the brokered private placement of Convertible Notes for a minimum of CAD$ 12 million with an option (subject to the Company’s acceptance) to sell an additional CAD$ 8 million, thereby achieving the Company’s funding target of a minimum of AUD$ 16.8 Million, Olympus has placed 14 million shares at AUD$ 0.40 to raise AUD$ 5.6 million with clients of Placement Lead Manager Patersons Securities Limited. Settlement of the Placement is due in the next few days. The Company will complete its capital raising by way of a more favorable convertible note offering (See Olympus Press Release dated March 22 & 25, 2011).

The Company believes raising capital through a convertible note is less dilutive and more favorable to shareholders than the earlier announced AUD$ 16.80 million equity raise (See Olympus Press Release dated March 25, 2011)

The capital raising will enable the Company to complete the building of its Phuoc Son gold plant, which due to unseasonably long and heavy rains has been delayed. This delay has had a consequent affect on internally generated cash flow previously allocated for significant self-funding of the project. Commissioning is now taking place and production from the plant is anticipated to commence in May.

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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