VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Atlantic Lottery officials are reminding people to check their lottery tickets because there’s at least one person who’s sitting on a winning ticket worth $1 million.
Sarah McBeath, a spokeswoman for Atlantic Lottery, said a winning Lotto Max ticket worth $1 million was sold somewhere in Dartmouth in August. The prize has never been claimed.
“The Lotto Max jackpot was $50 million and there was an additional 32 $1-million prizes that were drawn,” said McBeath.
“These prizes are called Maxmillions and so these Maxmillions prizes are individually drawn. That means there were 32 draws for $1 million each.”
The winner of the $1-million prize has until the one-year anniversary — Aug. 6, 2011 — to claim the prize.
Christina Murphy, who works at Mackay’s Pharmasave in Dartmouth, said she has been telling her customers for a while about the unclaimed prize.
“I said, ‘You know what? Go home, check your tickets, all of your old tickets. Bring them in, validate them, you could have a winning $1-million ticket,'” she said.
Murphy isn’t convinced her store was the one that sold the winning ticket, but she said that didn’t stop her from crossing her fingers and hoping she was the winner.
“I’ve checked everything, everywhere. In my house, tore it apart, upside down, just in case,” Murphy said, laughing.
“No luck. No luck at all.”
The winning numbers are: 6, 23, 26, 30, 34, 36 and 41.
Atlantic Lottery officials said there is a second unclaimed $1-million prize in the form of a Mega Millions scratch ticket drawn on Nov. 22, 2010. That will also expire on the one-year anniversary.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Vendor Program Overview of the Dominion Lending Centres Clearlease Vendor Equipment Leasing Program is not available in PDF format.
As a Vendor you are faced with intense competition and with clients who are watching every last dollar they spend. Dominion Lending Centres Clearlease can help you help your clients by providing an alternative payment option to close sales.
Dominion Lending Centres Clearlease has one of the best Vendor Programs in Canada and the U.S., offering superior customer service, technology, professional account management and flexible payment terms to get the deal done. Dominion Lending Centres Clearlease’s commitment to “convenience financing” will allow you to easily use leasing as a tool to increase sales.
Use the Dominion Lending Centres Clearlease Vendor Program as a Sales Tool
By participating in the Dominion Lending Centres Clearlease Vendor Program you will have customized solutions to fit the unique needs of your business and customers. And, you have the opportunity to close more sales and develop “customers for life” by using leasing to:
* Overcome price objections, respond to customer’s cash flow issues
* Offer a quick and easy financing solution
* Address customer concerns over the cost to upgrade equipment
And, Dominion Lending Centres Clearlease can provide equipment vendors:
* Simple online or printable application program
* Streamlined documentation process
* Funding within 24 hours of Approval and Documentation
* Highly competitive rates
* Innovative sales tools – Lease Payment Calculator
If you already do business with another leasing company and you need better service and more flexible options, Dominion Lending Centres Clearlease can help you!
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program celebrates 10 years. Clearlease.com was born on 31 May 2000 18:04:38 With the milestone of 10 years behind us now, DLC Clearlease is please that the initial Vendor Equipment Leasing Program has evolved from simple Equipment Leases to Vendor Lease Financing which assists Vendors to move more produsct and Services.
Vendor Financing offers your customers a full set of financing options, for a vendor to increase sales and retain customers.
Some Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program Key Features: Equipment Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program We Lease
* Quick Turnaround – Vendors can use our simple one page application for up to $100,000 and get an approval and receive lease documents in as little as 24 Hours.
* Fast Funding – We offer a vendor the option of receiving payment via electronic funds transfer directly to your account as well as 100% advanced payment for preferred partners in our Vendor Financing Program.
* 100% Vendor Financing – Include all of the soft costs such as shipping, installation, software and training in one easy lease for your client.
* Flexible Payment Options – Options include terms from 24 to 72 months, no advance payments, step up payments, 60 and 90 day deferred, and seasonal payments included in our Vendor Financing Program. Vendor Financing and Available Lease Programs
* Pre-approved Lease Lines – We can set up a lease line of credit to ensure that your client has the financing they need and lets vendors help give them the best possible equipment solution.
* Online Tools – Use Our Dominion Lending Centres Clearlease Vendor Portal for Quoting, Applications, and Information ( http://www.clearlease.com )
Businesses are looking for their vendors to provide them with a more comprehensive set of products and services. Dominion Lending Centres Clearlease’s Vendor Financing Program gives vendors the opportunity to provide their customers with a solid set of financing options. Our program is designed to give vendors fast responses to their applications and a dedicated service team that will work with you on every transaction. We process the financing on your behalf from start to finish.
Dominion Lending Centres Clearlease is the right Partner for you
* Over 10 years experience in Successful Vendor Financing
* Direct and secondary Sources of Funding
* Easy access to skilled equipment leasing professionals. We’ll help your customers make the right financing choices.
* Our dedicated Vendor Financing Team to help you with any questions.
* Coop and Joint Marketing programs to help boost your sales
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports European Markets Rise On Greece News, Euro Stoxx and German DAX rise
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports the European markets are moderate to notably higher in afternoon trading Friday July 1, 2011, as hopes of Greece avoiding insolvency sent a sigh of relief across global markets. U.S. stock index futures are up and Asian markets rose, amid reassuring comments from Chinese premier Wen Jiabao.
The euro area heads of state agreed to provide additional funding to Greece if the Greek Parliament passes an austerity plan agreed with the EU, European Central Bank and the International Monetary Fund.
Meanwhile, Chinese premier Wen Jiabao reportedly said the country’s efforts to check inflation have worked and that the pace of price rises would drop steadily.
The Euro Stoxx 50 index of eurozone bluechip stocks is adding 0.55 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is advancing 0.42 percent.
The German DAX is adding 0.89 percent and the French CAC 40 is climbing 1.03 percent. The UK’s FTSE 100 is advancing 0.86 percent and Switzerland’s SMI is gaining 0.44 percent.
Among the DAX components, BMW is adding 4.1 percent. Volkswagen and Daimler are rising 3.55 percent and 2.8 percent, respectively.
Airline Lufthansa, industrial conglomerate Siemens and detergent maker Henkel are adding over 2 percent each.
Those making notable gains include sports goods giant Adidas, technology firms SAP and Infineon Technologies, Deutsche Post and department stores operator Metro.
Deutsche Bank is rising 0.9 percent and Commerzbank is adding 0.55 percent.
Clothing & footwear firm Hugo Boss is surging 4.3 percent in Frankfurt. The stock was initiated with a “Buy” rating and a price target of 81.20 euros at Goldman Sachs.
Pharmaceutical firm Brenntag is adding 2.1 percent after Merrill Lynch raised its price target on the stock to 90 euros from 87 euros.
Cap Gemini is advancing 4.5 percent in Paris. STMicroelectronics is adding about 2 percent even as ING cut the stock to “Hold” from “Buy” and reduced the price target to 7.70 euros from 9.70 euros.
Peugeot and Renault are advancing 3.8 percent and 2.7 percent, respectively.
Airbus maker EADS is rising 2.5 percent. Airbus won about $72.2 billion worth orders and commitments at the 49th Paris Air Show in Le Bourget.
LVMH is adding 2.35 percent. HSBC kept the stock with a “Neutral” rating and a price target of 128 euros. Meanwhile, in London, Burberry Group is adding 1.4 percent after HSBC raised its price target on the stock to 1450 pence from 1250 pence.
Danone is up 2.2 percent as UBS raised the stock’s price target to 56.50 euros from 53.50 euros.
UBS cut ArcelorMittal’s price target to 24 euros from 26 euros, but the steel giant is rising 1.5 percent.
Outside the main index, Air France-KLM is adding about 3 percent. Citigroup raised the stock to “Buy” from “Hold” and increased the price target to 12.80 euros from 13.70 euros.
Lenders are on the decline, led by Natixis, which is falling 3.6 percent. Credit Agricole, BNP Paribas and Societe Generale are dropping between 0.7 percent and 0.2 percent.
In London, miners Antofagasta, BHP Billiton, Rio Tinto and Anglo American are adding between 4.9 percent and 2.5 percent, buoyed by the remarks from China.
Rio Tinto appointed Eric Finlayson as the new chief executive officer of Riversdale Mining Limited, replacing Steve Mallyon.
Lender HSBC Holdings is adding 1.2 percent and Lloyds Banking is up 0.9 percent. Barclays is down 1.5 percent, while Royal Bank of Scotland is modestly falling.
Rolls-Royce Holdings is up over 3 percent after the engine maker and German automaker Daimler secured 94.17 percent of the shares of Tognum in their tender offer.
Outside the main index, Berkeley Group is surging 10.5 percent. The residential property developer reported a rise in pre-tax profit for fiscal 2011, as strong demand for property in London and the South East resulted in higher home sales and selling prices. The company also announced a long term strategic plan, aiming to return 1.7 billion pounds in cash to its existing shareholders over ten years.
In economic news, German business sentiment increased unexpectedly in June, reports said citing a monthly survey from the Ifo institute. The Ifo business climate index rose to 114.5 in June from 114.2 in May. Economists were expecting the reading to fall to 113.4.
Meanwhile, confidence among French consumers remained stable after a modest improvement in the previous month, but their expectations regarding the broader economy improved slightly, latest survey by the statistical office INSEE showed.
Across Asia/Pacific, major markets ended higher. Australia’s All Ordinaries added 0.08 percent, China’s Shanghai Composite Index gained 2.2 percent, Hong Kong’s Hang Seng rose 1.9 percent and Japan’s Nikkei 225 advanced 0.85 percent.
In the U.S., futures point to a slightly higher open on Wall Street. In the previous session, stocks staged a significant recovery in late-day trading, ending the session mixed. Reports about a deal on Greece’s austerity plan helped to offset concerns about the economic outlook. The Nasdaq rose 0.7 percent, while the Dow fell 0.5 percent and the S&P 500 slipped 0.3 percent.
In the commodity space, crude for August delivery is adding $0.51 to $91.53 per barrel, while August gold is losing $1.3 to $1519.2 a troy ounce.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Bay Street stocks may struggle for direction Friday morning amid mixed cues from the commodities and global equity markets. While commodities were steady after yesterday’s steep fall, global equities recovered after European leaders showed support for Greece, easing concern that a default may hurt global growth.
Meanwhile, Moody’s Investors Service placed the long-term debt and deposit ratings of 16 Italian banks and two Italian government-related financial institutions on review for possible downgrade.
U.S. stock futures were pointing to a flat open.
On Thursday, the S&P/TSX Composite Index surrendered 80.98 points or 0.62 percent to 12,979.58.
The price of crude oil was steady after falling sharply in the previous session. Yesterday, oil plummeted nearly 5 percent after the International Energy Agency announced it would release crude oil from its strategic reserves. for only the third time in its history. Crude for August edged down $0.04 to $90.98 a barrel.
The price of gold was little changed amid a mixed U.S. dollar. Gold for August eased $1.70 to $1,518.80 an ounce.
In corporate news from Canada, Bombardier Inc. (BBD_B.TO) said its aerospace division bagged $628 million orders for 10 CS100 jetliners from an unnamed European customer.
Base-metals company Breakwater Resources (BWR.TO) announced that Nyrstar NV, through its direct wholly-owned subsidiary, Nyrstar Resources Canada Ltd. , has formally commenced the previously announced offer for Breakwater.
Mineral resources company Western Copper (WRN.TO) said it would undertake a spin-out transaction to reorganize the business and capital structure of the company into three separate public companies to allow it to focus on the development of its flagship Casino copper/gold/silver/molybdenum project.
Junior oil and natural gas exploration company Ironhorse Oil & Gas (IOG.V) reported a lower first quarter funds from operations of C$803,000 or C$0.03 per share compared to C$1.35 million or C$0.06 per share in the year ago quarter.
In economic news from the U.S., the Commerce Department revised up its first quarter 2011 GDP estimates to 1.9 percent. Most economists had expected the previously estimated 1.8 percent growth for the first quarter to either hold steady or be revised slightly upward.
Simultaneously, the Commerce Department said durable goods orders rose by $3.6 billion, or 1.9 percent, in May, marking a turnaround from April’s 2.7 percent decline. The April figures initially showed an even steeper, 3.6 percent decline. Economists had been expecting a smaller rebound in orders of about 1.5 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports BofA (NYSE:BAC) settles on Mortgage Repurchase claims by Bank of America Corporation Clients
VANCOUVER, BC (July 2, 2011) Dominion Lending Centres Clearlease Reports Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash .
Bank of America Corporation, the largest U.S. bank by assets said Friday July 1, 2011 it intends to record an additional $5.5 billion provision to its representations and warranties liability for both Government-Sponsored Enterprises (GSE) and non-GSE exposures in the second quarter of 2011.
On Tuesday Reuters reported that Bank of America was close to a settlement agreement with a group of powerful group of investors that lost money on mortgage-backed securities.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 2, 2011) Dominion Lending Centres Clearlease Reports Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash .
Bank of America Corporation, the largest U.S. bank by assets said Friday July 1, 2011 it intends to record an additional $5.5 billion provision to its representations and warranties liability for both Government-Sponsored Enterprises (GSE) and non-GSE exposures in the second quarter of 2011.
On Tuesday Reuters reported that Bank of America was close to a settlement agreement with a group of powerful group of investors that lost money on mortgage-backed securities.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports BofA (NYSE:BAC) settles on Mortgage Repurchase claims by Bank of America Corporation Clients
VANCOUVER, BC (July 2, 2011) Dominion Lending Centres Clearlease Reports Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash .
Bank of America Corporation, the largest U.S. bank by assets said Friday July 1, 2011 it intends to record an additional $5.5 billion provision to its representations and warranties liability for both Government-Sponsored Enterprises (GSE) and non-GSE exposures in the second quarter of 2011.
On Tuesday Reuters reported that Bank of America was close to a settlement agreement with a group of powerful group of investors that lost money on mortgage-backed securities.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports US Market Summary and Activity for Friday July 1, 2011
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports after initially showing a lack of direction, stocks have moved sharply higher in recent trading on Friday following the release of a report showing an unexpected acceleration in the pace of growth in the manufacturing sector. The major averages have all shown notable moves to the upside for Friday July 1, 2011.
Currently, the Dow is up 94.94 points or 0.8 percent at 12,509.28, the Nasdaq is up 17.69 points or 0.6 percent at 2,791.21 and the S&P 500 is up 7.96 points or 0.6 percent at 1,328.60.
The strong upward move comes on the heels of the release of a report from the Institute for Supply Management showing an unexpected increase by its index of manufacturing index.
The ISM said its index of activity in the manufacturing sector rose to 55.3 in June from 53.5 in May, with a reading above 50 indicating growth in the sector. The increase came as a surprise to economists, who had expected the index to dip to a reading of 52.0.
On the other hand, Reuters and the University of Michigan released a separate report showing that their consumer sentiment index for June was downwardly revised to a reading of 71.5 from the preliminary reading of 71.8. Economists had been expecting the index to be unrevised.
Most of the major sectors have moved to the upside, with semiconductor stocks helping to lead the way higher once again. The Philadelphia Semiconductor Index has surged up by 1.6 percent, extending a recent upward move.
Considerable strength has also emerged among housing, health insurance, and transportation stocks, while gold stocks remain under pressure on the day.
Among individual stocks, shares of Apollo Group (APOL) are up by 8.1 percent after the for-profit education provider reported better than expect third quarter earnings on revenues that fell by less than had been anticipated.
Apollo Group also said it expects net revenues of $4.65 to $4.75 billion for 2011 and $4 billion to $4.25 billion for 2012. Analysts expect revenues of $4.67 billion for 2011 and $4.14 billion for 2012.
Darden Restaurants (DRI) is also trading higher after reporting fourth quarter earnings and revenues that came in line with analyst estimates. The restaurant operator also announced a 34 percent increase in its quarterly dividend.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher on Friday, adding to recent gains. Japan’s benchmark Nikkei 225 Index rose by 0.5 percent, while Hong Kong’s Hang Seng Index surged up by 1.5 percent.
The major European markets have also moved to the upside on the day. The U.K..’s FTSE 100 Index is up by 0.3 percent and the French CAC 40 Index is up by 0.7 percent, while the German DAX Index is just above the unchanged line.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports after initially showing a lack of direction, stocks have moved sharply higher in recent trading on Friday following the release of a report showing an unexpected acceleration in the pace of growth in the manufacturing sector. The major averages have all shown notable moves to the upside for Friday July 1, 2011.
Currently, the Dow is up 94.94 points or 0.8 percent at 12,509.28, the Nasdaq is up 17.69 points or 0.6 percent at 2,791.21 and the S&P 500 is up 7.96 points or 0.6 percent at 1,328.60.
The strong upward move comes on the heels of the release of a report from the Institute for Supply Management showing an unexpected increase by its index of manufacturing index.
The ISM said its index of activity in the manufacturing sector rose to 55.3 in June from 53.5 in May, with a reading above 50 indicating growth in the sector. The increase came as a surprise to economists, who had expected the index to dip to a reading of 52.0.
On the other hand, Reuters and the University of Michigan released a separate report showing that their consumer sentiment index for June was downwardly revised to a reading of 71.5 from the preliminary reading of 71.8. Economists had been expecting the index to be unrevised.
Most of the major sectors have moved to the upside, with semiconductor stocks helping to lead the way higher once again. The Philadelphia Semiconductor Index has surged up by 1.6 percent, extending a recent upward move.
Considerable strength has also emerged among housing, health insurance, and transportation stocks, while gold stocks remain under pressure on the day.
Among individual stocks, shares of Apollo Group (APOL) are up by 8.1 percent after the for-profit education provider reported better than expect third quarter earnings on revenues that fell by less than had been anticipated.
Apollo Group also said it expects net revenues of $4.65 to $4.75 billion for 2011 and $4 billion to $4.25 billion for 2012. Analysts expect revenues of $4.67 billion for 2011 and $4.14 billion for 2012.
Darden Restaurants (DRI) is also trading higher after reporting fourth quarter earnings and revenues that came in line with analyst estimates. The restaurant operator also announced a 34 percent increase in its quarterly dividend.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher on Friday, adding to recent gains. Japan’s benchmark Nikkei 225 Index rose by 0.5 percent, while Hong Kong’s Hang Seng Index surged up by 1.5 percent.
The major European markets have also moved to the upside on the day. The U.K..’s FTSE 100 Index is up by 0.3 percent and the French CAC 40 Index is up by 0.7 percent, while the German DAX Index is just above the unchanged line.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports US Market Summary and Activity for Friday July 1, 2011
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports after initially showing a lack of direction, stocks have moved sharply higher in recent trading on Friday following the release of a report showing an unexpected acceleration in the pace of growth in the manufacturing sector. The major averages have all shown notable moves to the upside for Friday July 1, 2011.
Currently, the Dow is up 94.94 points or 0.8 percent at 12,509.28, the Nasdaq is up 17.69 points or 0.6 percent at 2,791.21 and the S&P 500 is up 7.96 points or 0.6 percent at 1,328.60.
The strong upward move comes on the heels of the release of a report from the Institute for Supply Management showing an unexpected increase by its index of manufacturing index.
The ISM said its index of activity in the manufacturing sector rose to 55.3 in June from 53.5 in May, with a reading above 50 indicating growth in the sector. The increase came as a surprise to economists, who had expected the index to dip to a reading of 52.0.
On the other hand, Reuters and the University of Michigan released a separate report showing that their consumer sentiment index for June was downwardly revised to a reading of 71.5 from the preliminary reading of 71.8. Economists had been expecting the index to be unrevised.
Most of the major sectors have moved to the upside, with semiconductor stocks helping to lead the way higher once again. The Philadelphia Semiconductor Index has surged up by 1.6 percent, extending a recent upward move.
Considerable strength has also emerged among housing, health insurance, and transportation stocks, while gold stocks remain under pressure on the day.
Among individual stocks, shares of Apollo Group (APOL) are up by 8.1 percent after the for-profit education provider reported better than expect third quarter earnings on revenues that fell by less than had been anticipated.
Apollo Group also said it expects net revenues of $4.65 to $4.75 billion for 2011 and $4 billion to $4.25 billion for 2012. Analysts expect revenues of $4.67 billion for 2011 and $4.14 billion for 2012.
Darden Restaurants (DRI) is also trading higher after reporting fourth quarter earnings and revenues that came in line with analyst estimates. The restaurant operator also announced a 34 percent increase in its quarterly dividend.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher on Friday, adding to recent gains. Japan’s benchmark Nikkei 225 Index rose by 0.5 percent, while Hong Kong’s Hang Seng Index surged up by 1.5 percent.
The major European markets have also moved to the upside on the day. The U.K..’s FTSE 100 Index is up by 0.3 percent and the French CAC 40 Index is up by 0.7 percent, while the German DAX Index is just above the unchanged line.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program increases sales for Your Customers
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports The FASB said July 1, 2011 that IASB initially proposed an implementation date of January 1, 2013. Due to ongoing deliberations, this date has been taken off the table. Many industry watchers believe a more likely effective date is 2015. This may depend in part on decisions still to be made about how to retroactively adopt the new changes for leases already running at the critical dates.
For More Information
As the date for implementing the proposed changes draws nearer, manufacturers can expect to hear more about the issues surrounding these changes from accountants, the media, the company’s equipment finance partner, and at industry conferences and groups.
The Equipment Leasing and Finance Association also offers detailed, up to date information on its web site, including recent media coverage about the proposed changes, comment letters from the equipment finance industry and additional research and analysis.
Finally, it is always wise to consult your tax advisers when considering how lease financing might benefit your business.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports The FASB said July 1, 2011 that IASB initially proposed an implementation date of January 1, 2013. Due to ongoing deliberations, this date has been taken off the table. Many industry watchers believe a more likely effective date is 2015. This may depend in part on decisions still to be made about how to retroactively adopt the new changes for leases already running at the critical dates.
For More Information
As the date for implementing the proposed changes draws nearer, manufacturers can expect to hear more about the issues surrounding these changes from accountants, the media, the company’s equipment finance partner, and at industry conferences and groups.
The Equipment Leasing and Finance Association also offers detailed, up to date information on its web site, including recent media coverage about the proposed changes, comment letters from the equipment finance industry and additional research and analysis.
Finally, it is always wise to consult your tax advisers when considering how lease financing might benefit your business.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program increases sales for Your Customers
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports The FASB said July 1, 2011 that IASB initially proposed an implementation date of January 1, 2013. Due to ongoing deliberations, this date has been taken off the table. Many industry watchers believe a more likely effective date is 2015. This may depend in part on decisions still to be made about how to retroactively adopt the new changes for leases already running at the critical dates.
For More Information
As the date for implementing the proposed changes draws nearer, manufacturers can expect to hear more about the issues surrounding these changes from accountants, the media, the company’s equipment finance partner, and at industry conferences and groups.
The Equipment Leasing and Finance Association also offers detailed, up to date information on its web site, including recent media coverage about the proposed changes, comment letters from the equipment finance industry and additional research and analysis.
Finally, it is always wise to consult your tax advisers when considering how lease financing might benefit your business.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program increases sales for Your Customers
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports manufacturers know that leasing can be a critical tool to gain access to the equipment your company needs to grow and remain efficient. If your company manufactures finished equipment, then your customers can benefit from leasing too.
Equipment leasing Vendor Programs are available to most Canadian and US business effective July 1, 2011. For many manufacturers, offering a point of sale financing option is an important — and highly profitable — part of the sales process because it’s a proven way for manufacturers to secure sales and other benefits, including:
* Minimize days sales outstanding — accelerate the sales cycle by eliminating the question of how the equipment will be paid for.
* Improve upgrade activity — end-of-lease disposition provides a natural contact point for next-generation and upgrade sales.
* Maintain account control — be the first to propose replacement equipment needs and use regular account servicing contact points to make constant contact with the client.
* Up-sell — more affordable payments can mean affording more equipment overall.
Some manufacturers have a captive finance company — owned by a common parent. But more often than not, the equipment finance provider is an outside partner. Now more than ever, it’s important to make sure manufacturer sales representatives and equipment finance partners who offer your clients a point-of-sale lease option are knowledgeable about leasing and the proposed lease accounting changes. It’s also a good idea to speak with your company’s equipment finance partner to make sure someone is available to answer questions and provide information for end-user customers quickly and easily.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports manufacturers know that leasing can be a critical tool to gain access to the equipment your company needs to grow and remain efficient. If your company manufactures finished equipment, then your customers can benefit from leasing too.
Equipment leasing Vendor Programs are available to most Canadian and US business effective July 1, 2011. For many manufacturers, offering a point of sale financing option is an important — and highly profitable — part of the sales process because it’s a proven way for manufacturers to secure sales and other benefits, including:
* Minimize days sales outstanding — accelerate the sales cycle by eliminating the question of how the equipment will be paid for.
* Improve upgrade activity — end-of-lease disposition provides a natural contact point for next-generation and upgrade sales.
* Maintain account control — be the first to propose replacement equipment needs and use regular account servicing contact points to make constant contact with the client.
* Up-sell — more affordable payments can mean affording more equipment overall.
Some manufacturers have a captive finance company — owned by a common parent. But more often than not, the equipment finance provider is an outside partner. Now more than ever, it’s important to make sure manufacturer sales representatives and equipment finance partners who offer your clients a point-of-sale lease option are knowledgeable about leasing and the proposed lease accounting changes. It’s also a good idea to speak with your company’s equipment finance partner to make sure someone is available to answer questions and provide information for end-user customers quickly and easily.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports Vendor Equipment Leasing Program increases sales for Your Customers
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports manufacturers know that leasing can be a critical tool to gain access to the equipment your company needs to grow and remain efficient. If your company manufactures finished equipment, then your customers can benefit from leasing too.
Equipment leasing Vendor Programs are available to most Canadian and US business effective July 1, 2011. For many manufacturers, offering a point of sale financing option is an important — and highly profitable — part of the sales process because it’s a proven way for manufacturers to secure sales and other benefits, including:
* Minimize days sales outstanding — accelerate the sales cycle by eliminating the question of how the equipment will be paid for.
* Improve upgrade activity — end-of-lease disposition provides a natural contact point for next-generation and upgrade sales.
* Maintain account control — be the first to propose replacement equipment needs and use regular account servicing contact points to make constant contact with the client.
* Up-sell — more affordable payments can mean affording more equipment overall.
Some manufacturers have a captive finance company — owned by a common parent. But more often than not, the equipment finance provider is an outside partner. Now more than ever, it’s important to make sure manufacturer sales representatives and equipment finance partners who offer your clients a point-of-sale lease option are knowledgeable about leasing and the proposed lease accounting changes. It’s also a good idea to speak with your company’s equipment finance partner to make sure someone is available to answer questions and provide information for end-user customers quickly and easily.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reported June 30, 2011 economic activity for the $521 billion equipment finance sector, showed overall new business volume for May was $5.6 billion, up 30 percent from volume of $4.3 billion in the same period in 2010. Compared against April volume, May volume increased by 10 percent. Year to date, new business volume is up 27 percent over last year.
Credit quality continues to improve. Receivables over 30 days decreased 12 percent to 2.9 percent in May from 3.3 percent in April, and declined by 28 percent compared to the same period in 2010. Charge-offs remained unchanged at 0.8 percent in May from the previous month, and decreased by 51 percent from the same period in 2010.
Credit standards remained unchanged in May from the previous month at 76 percent. Sixty-eight percent of participating organizations reported submitting more transactions for approval during the month, an increase from 45 percent in April.
Finally, total headcount for equipment finance companies in May decreased two percent and was down one percent year-over-year. Supplemental data shows that the construction and trucking sectors continued to lead the underperforming sectors.
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for June is 52.6, down from the May index of 63.2, indicating industry concerns over the sputtering economic recovery and uncertainties regarding lease accounting changes. For more detailed information on the MCI-EFI visit www.LeaseFoundation.org
ELFA President and CEO William G. Sutton, CAE, said: “Directionally, there is good news both in the amount of new business generated during the period and the rebound in credit quality. However, some industry sectors continue to lag, and an atmosphere of uncertainty prevails.”
“New business volume improvements continue but in an uneven manner across different industries,” said Harry Kaplun, President, Frost Leasing, located in San Antonio, TX. “This lack of a uniform trend suggests some weakness in the overall recovery. If the recovery can be more universal, the current availability of capital and improving portfolio performance have the equipment finance industry well positioned to serve the future needs of U.S. industry.”
About the ELFA’s MLFI-25
The MLFI-25 is the only index that reflects capex—the volume of commercial equipment financed in the U.S.—and is released as a complementary economic indicator the day before the U.S. Department of Commerce releases the durable goods report.
To read a detailed description and methodology of the MLFI-25, visit http://www.elfaonline.org/ind/research/MLFI/about.cfm
About the ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $521 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2011, ELFA is celebrating 50 years of equipping business for success. For more information, please visit www.elfaonline.org.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reported June 30, 2011 economic activity for the $521 billion equipment finance sector, showed overall new business volume for May was $5.6 billion, up 30 percent from volume of $4.3 billion in the same period in 2010. Compared against April volume, May volume increased by 10 percent. Year to date, new business volume is up 27 percent over last year.
Credit quality continues to improve. Receivables over 30 days decreased 12 percent to 2.9 percent in May from 3.3 percent in April, and declined by 28 percent compared to the same period in 2010. Charge-offs remained unchanged at 0.8 percent in May from the previous month, and decreased by 51 percent from the same period in 2010.
Credit standards remained unchanged in May from the previous month at 76 percent. Sixty-eight percent of participating organizations reported submitting more transactions for approval during the month, an increase from 45 percent in April.
Finally, total headcount for equipment finance companies in May decreased two percent and was down one percent year-over-year. Supplemental data shows that the construction and trucking sectors continued to lead the underperforming sectors.
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for June is 52.6, down from the May index of 63.2, indicating industry concerns over the sputtering economic recovery and uncertainties regarding lease accounting changes. For more detailed information on the MCI-EFI visit www.LeaseFoundation.org
ELFA President and CEO William G. Sutton, CAE, said: “Directionally, there is good news both in the amount of new business generated during the period and the rebound in credit quality. However, some industry sectors continue to lag, and an atmosphere of uncertainty prevails.”
“New business volume improvements continue but in an uneven manner across different industries,” said Harry Kaplun, President, Frost Leasing, located in San Antonio, TX. “This lack of a uniform trend suggests some weakness in the overall recovery. If the recovery can be more universal, the current availability of capital and improving portfolio performance have the equipment finance industry well positioned to serve the future needs of U.S. industry.”
About the ELFA’s MLFI-25
The MLFI-25 is the only index that reflects capex—the volume of commercial equipment financed in the U.S.—and is released as a complementary economic indicator the day before the U.S. Department of Commerce releases the durable goods report.
To read a detailed description and methodology of the MLFI-25, visit http://www.elfaonline.org/ind/research/MLFI/about.cfm
About the ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $521 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2011, ELFA is celebrating 50 years of equipping business for success. For more information, please visit www.elfaonline.org.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
Dominion Lending Centres Clearlease Reports Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reported June 30, 2011 economic activity for the $521 billion equipment finance sector, showed overall new business volume for May was $5.6 billion, up 30 percent from volume of $4.3 billion in the same period in 2010. Compared against April volume, May volume increased by 10 percent. Year to date, new business volume is up 27 percent over last year.
Credit quality continues to improve. Receivables over 30 days decreased 12 percent to 2.9 percent in May from 3.3 percent in April, and declined by 28 percent compared to the same period in 2010. Charge-offs remained unchanged at 0.8 percent in May from the previous month, and decreased by 51 percent from the same period in 2010.
Credit standards remained unchanged in May from the previous month at 76 percent. Sixty-eight percent of participating organizations reported submitting more transactions for approval during the month, an increase from 45 percent in April.
Finally, total headcount for equipment finance companies in May decreased two percent and was down one percent year-over-year. Supplemental data shows that the construction and trucking sectors continued to lead the underperforming sectors.
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for June is 52.6, down from the May index of 63.2, indicating industry concerns over the sputtering economic recovery and uncertainties regarding lease accounting changes. For more detailed information on the MCI-EFI visit www.LeaseFoundation.org
ELFA President and CEO William G. Sutton, CAE, said: “Directionally, there is good news both in the amount of new business generated during the period and the rebound in credit quality. However, some industry sectors continue to lag, and an atmosphere of uncertainty prevails.”
“New business volume improvements continue but in an uneven manner across different industries,” said Harry Kaplun, President, Frost Leasing, located in San Antonio, TX. “This lack of a uniform trend suggests some weakness in the overall recovery. If the recovery can be more universal, the current availability of capital and improving portfolio performance have the equipment finance industry well positioned to serve the future needs of U.S. industry.”
About the ELFA’s MLFI-25
The MLFI-25 is the only index that reflects capex—the volume of commercial equipment financed in the U.S.—and is released as a complementary economic indicator the day before the U.S. Department of Commerce releases the durable goods report.
To read a detailed description and methodology of the MLFI-25, visit http://www.elfaonline.org/ind/research/MLFI/about.cfm
About the ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $521 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2011, ELFA is celebrating 50 years of equipping business for success. For more information, please visit www.elfaonline.org.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
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.
