Dominion Lending Centres Clearlease Reports Canada’s housing bubble deemed close to bursting Mortgage Refinance Expert
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Canada’s housing market is in a bubble that’s set to burst and prices could plunge by as much as 25 per cent, a major independent research firm warns June 30.
“Housing valuations have lost all touch with fundamentals and household debt is at a record high,” economists at the research consultancy Capital Economics say in their most recent Canada Economic Outlook, issued Wednesday June 28.
“Our fear is that, with the housing bubble now close to bursting and commodity prices retreating, Canada will go from leader to laggard.”
The report predicts a fall in house prices by as much as 25 per cent over the next three years.
A domestic housing boom coupled with high commodity prices worldwide have spared the economy the severe recession felt by other developed countries.
Canada’s economic success could become the thorn in its side as the threat of a downturn in the housing sector looms, the report says.
The firm says a burst housing bubble would shrink real estate investment and hurt consumption — two things that would considerably slow economic growth.
This decline in consumption would mean a slowly rising unemployment rate as well, according to Capital.
The company says Canadian house prices are overvalued by approximately 25 per cent, close to excessive levels seen in the frothy U.S. market at its 2006 peak.
Over-building is already visible; the number of unoccupied houses and condos is at a record high. It closely resembles the 1994-95 housing slump, when the construction industry experienced a severe downturn.
The report forecasts falling house prices and smaller residential investment. Real estate currently makes up 6.8 per cent of Canada’s GDP. Lower prices would mean a hit to household net worth as property now accounts for one-third of a family’s total assets, the report found.
The firm expects the Bank of Canada to stay the course in the near term, as financial worries at home and abroad will keep interest rates at their current level for a while.
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 Canada’s housing market is in a bubble that’s set to burst and prices could plunge by as much as 25 per cent, a major independent research firm warns June 30.
“Housing valuations have lost all touch with fundamentals and household debt is at a record high,” economists at the research consultancy Capital Economics say in their most recent Canada Economic Outlook, issued Wednesday June 28.
“Our fear is that, with the housing bubble now close to bursting and commodity prices retreating, Canada will go from leader to laggard.”
The report predicts a fall in house prices by as much as 25 per cent over the next three years.
A domestic housing boom coupled with high commodity prices worldwide have spared the economy the severe recession felt by other developed countries.
Canada’s economic success could become the thorn in its side as the threat of a downturn in the housing sector looms, the report says.
The firm says a burst housing bubble would shrink real estate investment and hurt consumption — two things that would considerably slow economic growth.
This decline in consumption would mean a slowly rising unemployment rate as well, according to Capital.
The company says Canadian house prices are overvalued by approximately 25 per cent, close to excessive levels seen in the frothy U.S. market at its 2006 peak.
Over-building is already visible; the number of unoccupied houses and condos is at a record high. It closely resembles the 1994-95 housing slump, when the construction industry experienced a severe downturn.
The report forecasts falling house prices and smaller residential investment. Real estate currently makes up 6.8 per cent of Canada’s GDP. Lower prices would mean a hit to household net worth as property now accounts for one-third of a family’s total assets, the report found.
The firm expects the Bank of Canada to stay the course in the near term, as financial worries at home and abroad will keep interest rates at their current level for a while.
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 Canada’s housing bubble deemed close to bursting Mortgage Refinance Expert
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Canada’s housing market is in a bubble that’s set to burst and prices could plunge by as much as 25 per cent, a major independent research firm warns June 30.
“Housing valuations have lost all touch with fundamentals and household debt is at a record high,” economists at the research consultancy Capital Economics say in their most recent Canada Economic Outlook, issued Wednesday June 28.
“Our fear is that, with the housing bubble now close to bursting and commodity prices retreating, Canada will go from leader to laggard.”
The report predicts a fall in house prices by as much as 25 per cent over the next three years.
A domestic housing boom coupled with high commodity prices worldwide have spared the economy the severe recession felt by other developed countries.
Canada’s economic success could become the thorn in its side as the threat of a downturn in the housing sector looms, the report says.
The firm says a burst housing bubble would shrink real estate investment and hurt consumption — two things that would considerably slow economic growth.
This decline in consumption would mean a slowly rising unemployment rate as well, according to Capital.
The company says Canadian house prices are overvalued by approximately 25 per cent, close to excessive levels seen in the frothy U.S. market at its 2006 peak.
Over-building is already visible; the number of unoccupied houses and condos is at a record high. It closely resembles the 1994-95 housing slump, when the construction industry experienced a severe downturn.
The report forecasts falling house prices and smaller residential investment. Real estate currently makes up 6.8 per cent of Canada’s GDP. Lower prices would mean a hit to household net worth as property now accounts for one-third of a family’s total assets, the report found.
The firm expects the Bank of Canada to stay the course in the near term, as financial worries at home and abroad will keep interest rates at their current level for a while.
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 on Off Balance Sheet Lending; leasing equipment, the change means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some time.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports This process determines the cost at which the lessee will carry the leased assets on its financial statements, and that amount is how much the manufacturer will record as an asset on-book.
Clearlease reported July 1, 2011 that purchase options are not included in the estimated lease payments calculation unless the lessee is reasonably assured of exercising the option. In fact, the proposed ROU method recognizes that a manufacturer that leases its equipment may not have an obligation to pay for 100% of the cost of the equipment. Thus, in cases where the lessor invests equity in the equipment, or a third party guarantees the equipment’s future value, the manufacturer will only recognize the cost of the equipment that it is obligated and likely to pay for under the lease agreement. The result is that some leases will partially shelter the balance sheet from the entire cost of owning equipment, instead reflecting only the costs associated with accessing equipment via a lease agreement.
Given what we know about the proposed changes so far, manufacturers can expect that every equipment acquisition will involve a front-end cost assessment. While this takes time and may involve more internal discussions and approvals, the costs associated with an equipment lease will be more transparent to all parties.
Benefits Remain Strong
Clearly, the proposed lease accounting changes will have a significant impact on manufacturers, particularly those considering an operating lease for manufacturing equipment. However, there are still many distinct advantages to leasing manufacturing equipment, particularly when compared to a purchase or loan. For example:
*
Leasing For Your Customers
As a manufacturer you 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.
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:
o Minimize days sales outstanding — accelerate the sales cycle by eliminating the question of how the equipment will be paid for.
o Improve upgrade activity — end-of-lease disposition provides a natural contact point for next-generation and upgrade sales.
o 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.
o 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.
Lower on-book debt — When the present value of the equipment is less than the cost of the asset, manufacturers will continue to see a benefit on the balance sheet. Third party equity and/or re-purchase guarantees should continue to result in a lower present value.
* Lower after-tax cost — Regardless of accounting treatment, tax leases can continue to result in the lowest after-tax cost to acquire equipment, especially when the manufacturer is not a full taxpayer. Manufacturers that have prior year tax loss credits to use or those that are Alternative Minimum Taxpayers typically can’t use the full benefits of depreciation associated with a new equipment purchase. Leasing can allow the manufacturer to trade in those benefits for an overall lower cost of financing.
* Managing upgrade/replacement cycles — Leases allow manufacturers to shift end of lease equipment value risk to the finance company. This eliminates the risk of finding a buyer for obsolete equipment. It also makes it easier to manage equipment upgrade and replacement cycles because manufacturers don’t have to wait for proceeds on the sale of old equipment to acquire new equipment.
* Conserve capital — Leasing continues to help manufacturers conserve capital lines of credit for short-term needs by allowing 100 percent financing, including delivery, installation and training.
* Speed — Leasing can allow manufacturers to respond quickly to new opportunities with minimal documentation and red tape. Many leasing companies can approve applications within an hour. And, a new equipment finance addendum (sometimes called a schedule) can be quickly added to a master lease without the need for lengthy negotiations.
* Improved Cash Forecasting — When businesses lease, they can accurately forecast the cash requirements for equipment since they know the amount and number of lease payments required.
Timing
The initial public statement about the proposed changes was published in September 2010. A three-month public comment period followed, during which the FASB and IASB accepted feedback from the public on the changes proposed. Currently, the project team is reviewing that feedback and deliberating further.
It is already evident that due to voluminous negative feedback, several aspects of the proposed changes are still in discussion. The board is expected to continue its deliberations and draft the new accounting guidance throughout 2011 and 2012. While it’s not yet clear exactly what the final lease accounting rules will be, the initial proposal is clearly an indication that change is definitely coming.
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 This process determines the cost at which the lessee will carry the leased assets on its financial statements, and that amount is how much the manufacturer will record as an asset on-book.
Clearlease reported July 1, 2011 that purchase options are not included in the estimated lease payments calculation unless the lessee is reasonably assured of exercising the option. In fact, the proposed ROU method recognizes that a manufacturer that leases its equipment may not have an obligation to pay for 100% of the cost of the equipment. Thus, in cases where the lessor invests equity in the equipment, or a third party guarantees the equipment’s future value, the manufacturer will only recognize the cost of the equipment that it is obligated and likely to pay for under the lease agreement. The result is that some leases will partially shelter the balance sheet from the entire cost of owning equipment, instead reflecting only the costs associated with accessing equipment via a lease agreement.
Given what we know about the proposed changes so far, manufacturers can expect that every equipment acquisition will involve a front-end cost assessment. While this takes time and may involve more internal discussions and approvals, the costs associated with an equipment lease will be more transparent to all parties.
Benefits Remain Strong
Clearly, the proposed lease accounting changes will have a significant impact on manufacturers, particularly those considering an operating lease for manufacturing equipment. However, there are still many distinct advantages to leasing manufacturing equipment, particularly when compared to a purchase or loan. For example:
*
Leasing For Your Customers
As a manufacturer you 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.
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:
o Minimize days sales outstanding — accelerate the sales cycle by eliminating the question of how the equipment will be paid for.
o Improve upgrade activity — end-of-lease disposition provides a natural contact point for next-generation and upgrade sales.
o 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.
o 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.
Lower on-book debt — When the present value of the equipment is less than the cost of the asset, manufacturers will continue to see a benefit on the balance sheet. Third party equity and/or re-purchase guarantees should continue to result in a lower present value.
* Lower after-tax cost — Regardless of accounting treatment, tax leases can continue to result in the lowest after-tax cost to acquire equipment, especially when the manufacturer is not a full taxpayer. Manufacturers that have prior year tax loss credits to use or those that are Alternative Minimum Taxpayers typically can’t use the full benefits of depreciation associated with a new equipment purchase. Leasing can allow the manufacturer to trade in those benefits for an overall lower cost of financing.
* Managing upgrade/replacement cycles — Leases allow manufacturers to shift end of lease equipment value risk to the finance company. This eliminates the risk of finding a buyer for obsolete equipment. It also makes it easier to manage equipment upgrade and replacement cycles because manufacturers don’t have to wait for proceeds on the sale of old equipment to acquire new equipment.
* Conserve capital — Leasing continues to help manufacturers conserve capital lines of credit for short-term needs by allowing 100 percent financing, including delivery, installation and training.
* Speed — Leasing can allow manufacturers to respond quickly to new opportunities with minimal documentation and red tape. Many leasing companies can approve applications within an hour. And, a new equipment finance addendum (sometimes called a schedule) can be quickly added to a master lease without the need for lengthy negotiations.
* Improved Cash Forecasting — When businesses lease, they can accurately forecast the cash requirements for equipment since they know the amount and number of lease payments required.
Timing
The initial public statement about the proposed changes was published in September 2010. A three-month public comment period followed, during which the FASB and IASB accepted feedback from the public on the changes proposed. Currently, the project team is reviewing that feedback and deliberating further.
It is already evident that due to voluminous negative feedback, several aspects of the proposed changes are still in discussion. The board is expected to continue its deliberations and draft the new accounting guidance throughout 2011 and 2012. While it’s not yet clear exactly what the final lease accounting rules will be, the initial proposal is clearly an indication that change is definitely coming.
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 on Off Balance Sheet Lending; leasing equipment, the change means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some time.
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports This process determines the cost at which the lessee will carry the leased assets on its financial statements, and that amount is how much the manufacturer will record as an asset on-book.
Clearlease reported July 1, 2011 that purchase options are not included in the estimated lease payments calculation unless the lessee is reasonably assured of exercising the option. In fact, the proposed ROU method recognizes that a manufacturer that leases its equipment may not have an obligation to pay for 100% of the cost of the equipment. Thus, in cases where the lessor invests equity in the equipment, or a third party guarantees the equipment’s future value, the manufacturer will only recognize the cost of the equipment that it is obligated and likely to pay for under the lease agreement. The result is that some leases will partially shelter the balance sheet from the entire cost of owning equipment, instead reflecting only the costs associated with accessing equipment via a lease agreement.
Given what we know about the proposed changes so far, manufacturers can expect that every equipment acquisition will involve a front-end cost assessment. While this takes time and may involve more internal discussions and approvals, the costs associated with an equipment lease will be more transparent to all parties.
Benefits Remain Strong
Clearly, the proposed lease accounting changes will have a significant impact on manufacturers, particularly those considering an operating lease for manufacturing equipment. However, there are still many distinct advantages to leasing manufacturing equipment, particularly when compared to a purchase or loan. For example:
*
Leasing For Your Customers
As a manufacturer you 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.
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:
o Minimize days sales outstanding — accelerate the sales cycle by eliminating the question of how the equipment will be paid for.
o Improve upgrade activity — end-of-lease disposition provides a natural contact point for next-generation and upgrade sales.
o 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.
o 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.
Lower on-book debt — When the present value of the equipment is less than the cost of the asset, manufacturers will continue to see a benefit on the balance sheet. Third party equity and/or re-purchase guarantees should continue to result in a lower present value.
* Lower after-tax cost — Regardless of accounting treatment, tax leases can continue to result in the lowest after-tax cost to acquire equipment, especially when the manufacturer is not a full taxpayer. Manufacturers that have prior year tax loss credits to use or those that are Alternative Minimum Taxpayers typically can’t use the full benefits of depreciation associated with a new equipment purchase. Leasing can allow the manufacturer to trade in those benefits for an overall lower cost of financing.
* Managing upgrade/replacement cycles — Leases allow manufacturers to shift end of lease equipment value risk to the finance company. This eliminates the risk of finding a buyer for obsolete equipment. It also makes it easier to manage equipment upgrade and replacement cycles because manufacturers don’t have to wait for proceeds on the sale of old equipment to acquire new equipment.
* Conserve capital — Leasing continues to help manufacturers conserve capital lines of credit for short-term needs by allowing 100 percent financing, including delivery, installation and training.
* Speed — Leasing can allow manufacturers to respond quickly to new opportunities with minimal documentation and red tape. Many leasing companies can approve applications within an hour. And, a new equipment finance addendum (sometimes called a schedule) can be quickly added to a master lease without the need for lengthy negotiations.
* Improved Cash Forecasting — When businesses lease, they can accurately forecast the cash requirements for equipment since they know the amount and number of lease payments required.
Timing
The initial public statement about the proposed changes was published in September 2010. A three-month public comment period followed, during which the FASB and IASB accepted feedback from the public on the changes proposed. Currently, the project team is reviewing that feedback and deliberating further.
It is already evident that due to voluminous negative feedback, several aspects of the proposed changes are still in discussion. The board is expected to continue its deliberations and draft the new accounting guidance throughout 2011 and 2012. While it’s not yet clear exactly what the final lease accounting rules will be, the initial proposal is clearly an indication that change is definitely coming.
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 Leasing Equipment Still a Good Deal Despite Accounting Changes and National SBA Equipment Lease
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Companies leasing equipment, the change July 1, 2011 means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some time.
Manufacturers are facing some uncertainly about how the recent accounting changes for leased equipment and real estate will affect their bottom line. Last September, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) released the “Lease Accounting Exposure Draft,” which is a joint public statement about the intended changes to current FASB and IASB lease accounting guidance.
Although the proposed changes are significant and complicated, it is important to keep in mind that the majority of lease transactions completed by manufacturers today will not be impacted. In fact, industry experts estimate that fewer than 25% of equipment leases will be materially impacted by the proposed changes. Also, despite the forthcoming changes in accounting treatment, there is still significant upside to leasing manufacturing equipment.
Proposed Changes
For companies leasing equipment, the change means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some amount. The proposed changes would replace FAS 13 operating and capital lease treatment with a single method called “Right of Use” (ROU). The ROU method determines how much would go on the balance sheet.
This change will have the biggest impact on manufacturers currently using or considering an operating lease. Currently, FAS 13 says, among other things, that if the present value of payments due under the lease agreement is less than 90% of the original cost of the equipment, the lease should be treated as an operating lease. If the present value is more than 90%, the lease is a capital lease.
Commonly referred to as “off balance sheet” financing, an operating lease gives the business the right to use the equipment. At the end of the lease period, the business can typically purchase the equipment, renew the lease or return the equipment to the lessor; since the business does not assume the risk of ownership, it enjoys the accounting benefits of not owning equipment. Instead of carrying the asset and associated debt on its balance sheet, the business simply treats the lease payments as an operating expense on the income statement. This can be an attractive option for companies that watch their balance sheet and return ratios closely as a result of bank or bond-related financial covenants and investor or board oversight. The use of operating leases is always disclosed in the notes of the lessee’s audited financial statements.
The proposed changes would eliminate this “bright line” 90% test. Rather, the proposed ROU method would take several factors into consideration and calculate the value that would go on the balance sheet.
Right of Use Method
The ROU method determines the present value of the likely payments a manufacturer will make under a lease agreement, discounted using the manufacturer’s incremental borrowing rate, plus any initial direct costs incurred. Estimated lease payments would likely include initial term payments, interim rent, contingent rents, lessee residual guarantees, and, if historically exercised, optional renewal payments.
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 Companies leasing equipment, the change July 1, 2011 means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some time.
Manufacturers are facing some uncertainly about how the recent accounting changes for leased equipment and real estate will affect their bottom line. Last September, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) released the “Lease Accounting Exposure Draft,” which is a joint public statement about the intended changes to current FASB and IASB lease accounting guidance.
Although the proposed changes are significant and complicated, it is important to keep in mind that the majority of lease transactions completed by manufacturers today will not be impacted. In fact, industry experts estimate that fewer than 25% of equipment leases will be materially impacted by the proposed changes. Also, despite the forthcoming changes in accounting treatment, there is still significant upside to leasing manufacturing equipment.
Proposed Changes
For companies leasing equipment, the change means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some amount. The proposed changes would replace FAS 13 operating and capital lease treatment with a single method called “Right of Use” (ROU). The ROU method determines how much would go on the balance sheet.
This change will have the biggest impact on manufacturers currently using or considering an operating lease. Currently, FAS 13 says, among other things, that if the present value of payments due under the lease agreement is less than 90% of the original cost of the equipment, the lease should be treated as an operating lease. If the present value is more than 90%, the lease is a capital lease.
Commonly referred to as “off balance sheet” financing, an operating lease gives the business the right to use the equipment. At the end of the lease period, the business can typically purchase the equipment, renew the lease or return the equipment to the lessor; since the business does not assume the risk of ownership, it enjoys the accounting benefits of not owning equipment. Instead of carrying the asset and associated debt on its balance sheet, the business simply treats the lease payments as an operating expense on the income statement. This can be an attractive option for companies that watch their balance sheet and return ratios closely as a result of bank or bond-related financial covenants and investor or board oversight. The use of operating leases is always disclosed in the notes of the lessee’s audited financial statements.
The proposed changes would eliminate this “bright line” 90% test. Rather, the proposed ROU method would take several factors into consideration and calculate the value that would go on the balance sheet.
Right of Use Method
The ROU method determines the present value of the likely payments a manufacturer will make under a lease agreement, discounted using the manufacturer’s incremental borrowing rate, plus any initial direct costs incurred. Estimated lease payments would likely include initial term payments, interim rent, contingent rents, lessee residual guarantees, and, if historically exercised, optional renewal payments.
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 Leasing Equipment Still a Good Deal Despite Accounting Changes and National SBA Equipment Lease
VANCOUVER, BC (July 1, 2011) Dominion Lending Centres Clearlease Reports Companies leasing equipment, the change July 1, 2011 means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some time.
Manufacturers are facing some uncertainly about how the recent accounting changes for leased equipment and real estate will affect their bottom line. Last September, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) released the “Lease Accounting Exposure Draft,” which is a joint public statement about the intended changes to current FASB and IASB lease accounting guidance.
Although the proposed changes are significant and complicated, it is important to keep in mind that the majority of lease transactions completed by manufacturers today will not be impacted. In fact, industry experts estimate that fewer than 25% of equipment leases will be materially impacted by the proposed changes. Also, despite the forthcoming changes in accounting treatment, there is still significant upside to leasing manufacturing equipment.
Proposed Changes
For companies leasing equipment, the change means that, for accounting purposes, all leases for plant, property and equipment would be recorded on the balance sheet for some amount. The proposed changes would replace FAS 13 operating and capital lease treatment with a single method called “Right of Use” (ROU). The ROU method determines how much would go on the balance sheet.
This change will have the biggest impact on manufacturers currently using or considering an operating lease. Currently, FAS 13 says, among other things, that if the present value of payments due under the lease agreement is less than 90% of the original cost of the equipment, the lease should be treated as an operating lease. If the present value is more than 90%, the lease is a capital lease.
Commonly referred to as “off balance sheet” financing, an operating lease gives the business the right to use the equipment. At the end of the lease period, the business can typically purchase the equipment, renew the lease or return the equipment to the lessor; since the business does not assume the risk of ownership, it enjoys the accounting benefits of not owning equipment. Instead of carrying the asset and associated debt on its balance sheet, the business simply treats the lease payments as an operating expense on the income statement. This can be an attractive option for companies that watch their balance sheet and return ratios closely as a result of bank or bond-related financial covenants and investor or board oversight. The use of operating leases is always disclosed in the notes of the lessee’s audited financial statements.
The proposed changes would eliminate this “bright line” 90% test. Rather, the proposed ROU method would take several factors into consideration and calculate the value that would go on the balance sheet.
Right of Use Method
The ROU method determines the present value of the likely payments a manufacturer will make under a lease agreement, discounted using the manufacturer’s incremental borrowing rate, plus any initial direct costs incurred. Estimated lease payments would likely include initial term payments, interim rent, contingent rents, lessee residual guarantees, and, if historically exercised, optional renewal payments.
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 One measure of the economy’s recovery is the willingness of businesses to invest, and when measured by equipment leasing activity, the numbers are positive.
The D.C.-based Equipment Leasing and Finance Association reports June 30, 2011 that overall new business volume for its members was $5.6 billion in May, up 10 percent from April and 30 percent from a year ago. Receivables more than 30 days past due fell 12 percent to 2.9 percent in May.
Past due invoices were down 28 percent from a year earlier.
“New business volume improvements continue but in an uneven manner across different industries,” said Harry Kaplun, president of San Antonio-based Frost Leasing. “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.”
The trade group’s separate measure of its members’ confidence in the economy fell in May.
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 One measure of the economy’s recovery is the willingness of businesses to invest, and when measured by equipment leasing activity, the numbers are positive.
The D.C.-based Equipment Leasing and Finance Association reports June 30, 2011 that overall new business volume for its members was $5.6 billion in May, up 10 percent from April and 30 percent from a year ago. Receivables more than 30 days past due fell 12 percent to 2.9 percent in May.
Past due invoices were down 28 percent from a year earlier.
“New business volume improvements continue but in an uneven manner across different industries,” said Harry Kaplun, president of San Antonio-based Frost Leasing. “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.”
The trade group’s separate measure of its members’ confidence in the economy fell in May.
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 One measure of the economy’s recovery is the willingness of businesses to invest, and when measured by equipment leasing activity, the numbers are positive.
The D.C.-based Equipment Leasing and Finance Association reports June 30, 2011 that overall new business volume for its members was $5.6 billion in May, up 10 percent from April and 30 percent from a year ago. Receivables more than 30 days past due fell 12 percent to 2.9 percent in May.
Past due invoices were down 28 percent from a year earlier.
“New business volume improvements continue but in an uneven manner across different industries,” said Harry Kaplun, president of San Antonio-based Frost Leasing. “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.”
The trade group’s separate measure of its members’ confidence in the economy fell in May.
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 Canadian Stocks Set For Slightly Positive Open (TCK.B.TO)(VRX.TO)
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Toronto stocks look to extend gains from the previous session on Thursday, tracking U.S. shares slightly higher despite official data showing Canada’s robust economy stalled in April.
With analysts chalking the poor performance up to supply disruptions caused by Japan’s tsunami, most expect economic activity to have picked up in May.
On Wednesday, the S&P/TSX Composite Index moved up 83.96 points or 0.64 percent to 13,188.94, after gaining nearly 200 points or 0.50 percent in the past two sessions.
Energy shares led the way, but could be in for a lackluster open this morning as the price of U.S. crude oil for August leveled off below $95 a barrel.
In corporate news, Teck Resources (TCK.B.TO) announced that it has priced its offering of senior unsecured notes. The company said that it would issue $2.0 billion in aggregate principal amount of notes.
Valeant Pharmaceuticals International, Inc. (VRX.TO) has acquired rights to both Elidel and Xerese creams from Meda for the U.S., Canada and Mexico.
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 (June 30, 2011) Dominion Lending Centres Clearlease Reports Toronto stocks look to extend gains from the previous session on Thursday, tracking U.S. shares slightly higher despite official data showing Canada’s robust economy stalled in April.
With analysts chalking the poor performance up to supply disruptions caused by Japan’s tsunami, most expect economic activity to have picked up in May.
On Wednesday, the S&P/TSX Composite Index moved up 83.96 points or 0.64 percent to 13,188.94, after gaining nearly 200 points or 0.50 percent in the past two sessions.
Energy shares led the way, but could be in for a lackluster open this morning as the price of U.S. crude oil for August leveled off below $95 a barrel.
In corporate news, Teck Resources (TCK.B.TO) announced that it has priced its offering of senior unsecured notes. The company said that it would issue $2.0 billion in aggregate principal amount of notes.
Valeant Pharmaceuticals International, Inc. (VRX.TO) has acquired rights to both Elidel and Xerese creams from Meda for the U.S., Canada and Mexico.
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 Canadian Stocks Set For Slightly Positive Open (TCK.B.TO)(VRX.TO)
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Toronto stocks look to extend gains from the previous session on Thursday, tracking U.S. shares slightly higher despite official data showing Canada’s robust economy stalled in April.
With analysts chalking the poor performance up to supply disruptions caused by Japan’s tsunami, most expect economic activity to have picked up in May.
On Wednesday, the S&P/TSX Composite Index moved up 83.96 points or 0.64 percent to 13,188.94, after gaining nearly 200 points or 0.50 percent in the past two sessions.
Energy shares led the way, but could be in for a lackluster open this morning as the price of U.S. crude oil for August leveled off below $95 a barrel.
In corporate news, Teck Resources (TCK.B.TO) announced that it has priced its offering of senior unsecured notes. The company said that it would issue $2.0 billion in aggregate principal amount of notes.
Valeant Pharmaceuticals International, Inc. (VRX.TO) has acquired rights to both Elidel and Xerese creams from Meda for the U.S., Canada and Mexico.
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 Stock Markets see Upside including Rubicon Technology (RBCN) and Broadcom (BRCM)
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports After closing higher in each of the three previous sessions, stocks are seeing some further upside in early trading on Thursday. The major averages have all climbed into positive territory, reaching their best intraday levels in almost a month.
In the past few minutes, the major averages have jumped to new highs for the young session. The Dow is currently up 100.28 points or 0.8 percent at 12,361.70, the Nasdaq is up 22.00 points or 0.8 percent at 2,762.49 and the S&P 500 is up 8.72 points or 0.7 percent at 1,316.13.
The early strength in the markets comes as traders continue to express positive sentiment about recent developments in Greece, where the parliament is expected to vote in favor of a bill enabling the rapid implementation of the crucial austerity measures that were approved on Wednesday.
Additional buying interest has recently been generated by the release of a report from the Institute for Supply Management – Chicago showing that Chicago-area business activity unexpectedly expanded at an accelerated pace in the month of June.
The ISM – Chicago said its business barometer jumped to 61.1 in June from 56.6 in May, with a reading above 50 indicating an increase in business activity. The increase surprised economists, who had expected the index to drop to a reading of 53.0.
Meanwhile, traders have largely shrugged off the release of a report from the Labor Department showing a much smaller than expected drop in initial jobless claims in the week ended June 25th.
The report showed that jobless claims edged down to 428,000 from the previous week’s unrevised figure of 429,000, while economists had been expecting a more notable decrease to 420,000.
With the smaller than expected drop, jobless claims remained well above 400,000, which is a benchmark figure for economists regarding the health of the labor market.
Chris Low, chief economist with FTN Financial, said, “The good news is that claims stabilized in June, the bad news is that they have not begun to reverse their April/May rise.”
Most of the major sectors have moved to the upside in early trading, with semiconductor stocks helping to lead the way higher. The Philadelphia Semiconductor Index has surged up by 1.8 percent amid strong gains by Rubicon Technology (RBCN) and Broadcom (BRCM).
A majority of the major sectors have moved to the upside in early trading, although most are seeing relatively modest strength. Nonetheless, semiconductor stocks have shown a strong upward move, pushing the Philadelphia Semiconductor Index up by 1.2 percent.
Railroad, healthcare provider, and oil service stocks are also seeing early strength, while financial stocks are giving back some ground after helping to lead the markets higher on Wednesday.
In overseas trading, stock markets across the Asia-Pacific region showed strong upward moves on Thursday. Hong Kong’s Hang Seng Index surged up by 1.5 percent, while Australia’s All Ordinaries Index jumped by 1.8 percent. Japan’s Nikkei 225 Index edged up by a more modest 0.2 percent.
The European markets are also moving to the upside on the day. The German DAX Index has inched up by 0.2 percent, while the French CAC 40 Index and the U.K.’s FTSE 100 Index are up by 0.8 percent and 0.7 percent, respectively.
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 (June 30, 2011) Dominion Lending Centres Clearlease Reports After closing higher in each of the three previous sessions, stocks are seeing some further upside in early trading on Thursday. The major averages have all climbed into positive territory, reaching their best intraday levels in almost a month.
In the past few minutes, the major averages have jumped to new highs for the young session. The Dow is currently up 100.28 points or 0.8 percent at 12,361.70, the Nasdaq is up 22.00 points or 0.8 percent at 2,762.49 and the S&P 500 is up 8.72 points or 0.7 percent at 1,316.13.
The early strength in the markets comes as traders continue to express positive sentiment about recent developments in Greece, where the parliament is expected to vote in favor of a bill enabling the rapid implementation of the crucial austerity measures that were approved on Wednesday.
Additional buying interest has recently been generated by the release of a report from the Institute for Supply Management – Chicago showing that Chicago-area business activity unexpectedly expanded at an accelerated pace in the month of June.
The ISM – Chicago said its business barometer jumped to 61.1 in June from 56.6 in May, with a reading above 50 indicating an increase in business activity. The increase surprised economists, who had expected the index to drop to a reading of 53.0.
Meanwhile, traders have largely shrugged off the release of a report from the Labor Department showing a much smaller than expected drop in initial jobless claims in the week ended June 25th.
The report showed that jobless claims edged down to 428,000 from the previous week’s unrevised figure of 429,000, while economists had been expecting a more notable decrease to 420,000.
With the smaller than expected drop, jobless claims remained well above 400,000, which is a benchmark figure for economists regarding the health of the labor market.
Chris Low, chief economist with FTN Financial, said, “The good news is that claims stabilized in June, the bad news is that they have not begun to reverse their April/May rise.”
Most of the major sectors have moved to the upside in early trading, with semiconductor stocks helping to lead the way higher. The Philadelphia Semiconductor Index has surged up by 1.8 percent amid strong gains by Rubicon Technology (RBCN) and Broadcom (BRCM).
A majority of the major sectors have moved to the upside in early trading, although most are seeing relatively modest strength. Nonetheless, semiconductor stocks have shown a strong upward move, pushing the Philadelphia Semiconductor Index up by 1.2 percent.
Railroad, healthcare provider, and oil service stocks are also seeing early strength, while financial stocks are giving back some ground after helping to lead the markets higher on Wednesday.
In overseas trading, stock markets across the Asia-Pacific region showed strong upward moves on Thursday. Hong Kong’s Hang Seng Index surged up by 1.5 percent, while Australia’s All Ordinaries Index jumped by 1.8 percent. Japan’s Nikkei 225 Index edged up by a more modest 0.2 percent.
The European markets are also moving to the upside on the day. The German DAX Index has inched up by 0.2 percent, while the French CAC 40 Index and the U.K.’s FTSE 100 Index are up by 0.8 percent and 0.7 percent, respectively.
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 Stock Markets see Upside including Rubicon Technology (RBCN) and Broadcom (BRCM)
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports After closing higher in each of the three previous sessions, stocks are seeing some further upside in early trading on Thursday. The major averages have all climbed into positive territory, reaching their best intraday levels in almost a month.
In the past few minutes, the major averages have jumped to new highs for the young session. The Dow is currently up 100.28 points or 0.8 percent at 12,361.70, the Nasdaq is up 22.00 points or 0.8 percent at 2,762.49 and the S&P 500 is up 8.72 points or 0.7 percent at 1,316.13.
The early strength in the markets comes as traders continue to express positive sentiment about recent developments in Greece, where the parliament is expected to vote in favor of a bill enabling the rapid implementation of the crucial austerity measures that were approved on Wednesday.
Additional buying interest has recently been generated by the release of a report from the Institute for Supply Management – Chicago showing that Chicago-area business activity unexpectedly expanded at an accelerated pace in the month of June.
The ISM – Chicago said its business barometer jumped to 61.1 in June from 56.6 in May, with a reading above 50 indicating an increase in business activity. The increase surprised economists, who had expected the index to drop to a reading of 53.0.
Meanwhile, traders have largely shrugged off the release of a report from the Labor Department showing a much smaller than expected drop in initial jobless claims in the week ended June 25th.
The report showed that jobless claims edged down to 428,000 from the previous week’s unrevised figure of 429,000, while economists had been expecting a more notable decrease to 420,000.
With the smaller than expected drop, jobless claims remained well above 400,000, which is a benchmark figure for economists regarding the health of the labor market.
Chris Low, chief economist with FTN Financial, said, “The good news is that claims stabilized in June, the bad news is that they have not begun to reverse their April/May rise.”
Most of the major sectors have moved to the upside in early trading, with semiconductor stocks helping to lead the way higher. The Philadelphia Semiconductor Index has surged up by 1.8 percent amid strong gains by Rubicon Technology (RBCN) and Broadcom (BRCM).
A majority of the major sectors have moved to the upside in early trading, although most are seeing relatively modest strength. Nonetheless, semiconductor stocks have shown a strong upward move, pushing the Philadelphia Semiconductor Index up by 1.2 percent.
Railroad, healthcare provider, and oil service stocks are also seeing early strength, while financial stocks are giving back some ground after helping to lead the markets higher on Wednesday.
In overseas trading, stock markets across the Asia-Pacific region showed strong upward moves on Thursday. Hong Kong’s Hang Seng Index surged up by 1.5 percent, while Australia’s All Ordinaries Index jumped by 1.8 percent. Japan’s Nikkei 225 Index edged up by a more modest 0.2 percent.
The European markets are also moving to the upside on the day. The German DAX Index has inched up by 0.2 percent, while the French CAC 40 Index and the U.K.’s FTSE 100 Index are up by 0.8 percent and 0.7 percent, respectively.
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 Amazon (NASDAQ:AMZN) protests California Web-sales tax plan
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Amazon.com Inc warned its 10,000-plus California sales affiliates on Wednesday June 29, 2011 that it may be forced to sever ties with them should the state begin taxing their online sales.
The wealthiest U.S. state became the latest — on the heels of Illinois and Connecticut — to be dropped by Amazon from its nationwide sales-affiliate program, which relies on in-state websites to drive its own online business.
Its affiliates, paid a fee when they funnel traffic to Amazon that results in a sale, have found themselves in the middle of a battle between Amazon and several states that argue the online retailer has a duty to collect sales taxes when those affiliates operate within their state.
Amazon counters that such taxes spur job and income losses. On Tuesday, California’s legislature passed a budget that incorporates such an online sales tax and on Wednesday, Governor Jerry Brown signed the relevant bill.
“We oppose this bill because it is unconstitutional and counterproductive. It is supported by big-box retailers, most of which are based outside California, that seek to harm the affiliate advertising programs of their competitors,” Amazon said in an email sent to Californian affiliates Wednesday.
“As a result, we will terminate contracts with all California residents that are participants in the Amazon Associates Program as of the date (if any) that the California law becomes effective.”
Analysts say Amazon could cut its partnership with affiliates in more U.S. states that require the online retailer to collect sales taxes.
Many traditional chains such as Best Buy and Sears have openly voiced concerns about online-only retailers gaining an unfair advantage by avoiding sales taxes in states where they do not maintain a corporate presence.
Lawmakers in states — many facing huge budget deficits — say Amazon and other online retailers such as Overstock.com have a duty to collect tax because its affiliates operate locally.
Amazon has already announced plans to cancel its affiliate program in Illinois in response to the state’s new law to target online retailers. Texas is considering taxing online sales as well.
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 (June 30, 2011) Dominion Lending Centres Clearlease Reports Amazon.com Inc warned its 10,000-plus California sales affiliates on Wednesday June 29, 2011 that it may be forced to sever ties with them should the state begin taxing their online sales.
The wealthiest U.S. state became the latest — on the heels of Illinois and Connecticut — to be dropped by Amazon from its nationwide sales-affiliate program, which relies on in-state websites to drive its own online business.
Its affiliates, paid a fee when they funnel traffic to Amazon that results in a sale, have found themselves in the middle of a battle between Amazon and several states that argue the online retailer has a duty to collect sales taxes when those affiliates operate within their state.
Amazon counters that such taxes spur job and income losses. On Tuesday, California’s legislature passed a budget that incorporates such an online sales tax and on Wednesday, Governor Jerry Brown signed the relevant bill.
“We oppose this bill because it is unconstitutional and counterproductive. It is supported by big-box retailers, most of which are based outside California, that seek to harm the affiliate advertising programs of their competitors,” Amazon said in an email sent to Californian affiliates Wednesday.
“As a result, we will terminate contracts with all California residents that are participants in the Amazon Associates Program as of the date (if any) that the California law becomes effective.”
Analysts say Amazon could cut its partnership with affiliates in more U.S. states that require the online retailer to collect sales taxes.
Many traditional chains such as Best Buy and Sears have openly voiced concerns about online-only retailers gaining an unfair advantage by avoiding sales taxes in states where they do not maintain a corporate presence.
Lawmakers in states — many facing huge budget deficits — say Amazon and other online retailers such as Overstock.com have a duty to collect tax because its affiliates operate locally.
Amazon has already announced plans to cancel its affiliate program in Illinois in response to the state’s new law to target online retailers. Texas is considering taxing online sales as well.
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 Amazon (NASDAQ:AMZN) protests California Web-sales tax plan
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Amazon.com Inc warned its 10,000-plus California sales affiliates on Wednesday June 29, 2011 that it may be forced to sever ties with them should the state begin taxing their online sales.
The wealthiest U.S. state became the latest — on the heels of Illinois and Connecticut — to be dropped by Amazon from its nationwide sales-affiliate program, which relies on in-state websites to drive its own online business.
Its affiliates, paid a fee when they funnel traffic to Amazon that results in a sale, have found themselves in the middle of a battle between Amazon and several states that argue the online retailer has a duty to collect sales taxes when those affiliates operate within their state.
Amazon counters that such taxes spur job and income losses. On Tuesday, California’s legislature passed a budget that incorporates such an online sales tax and on Wednesday, Governor Jerry Brown signed the relevant bill.
“We oppose this bill because it is unconstitutional and counterproductive. It is supported by big-box retailers, most of which are based outside California, that seek to harm the affiliate advertising programs of their competitors,” Amazon said in an email sent to Californian affiliates Wednesday.
“As a result, we will terminate contracts with all California residents that are participants in the Amazon Associates Program as of the date (if any) that the California law becomes effective.”
Analysts say Amazon could cut its partnership with affiliates in more U.S. states that require the online retailer to collect sales taxes.
Many traditional chains such as Best Buy and Sears have openly voiced concerns about online-only retailers gaining an unfair advantage by avoiding sales taxes in states where they do not maintain a corporate presence.
Lawmakers in states — many facing huge budget deficits — say Amazon and other online retailers such as Overstock.com have a duty to collect tax because its affiliates operate locally.
Amazon has already announced plans to cancel its affiliate program in Illinois in response to the state’s new law to target online retailers. Texas is considering taxing online sales as well.
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 Eastplats (TSX:ELR) says it will contest allegations in proposed class-action lawsuit
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Eastern Platinum Ltd. (TSX:ELR) says it will contest a proposed class-action lawsuit that alleges the company failed to disclose material changes to its Crocodile River Mine in South Africa.
The miner also known as Eastplats said Thursday June 30, 2011, it is aware of the suit filed earlier in the week by London, Ont.-based Siskinds LLP in Ontario Superior Court on behalf of shareholders who bought the company’s stock between Jan. 1 and April 15 this year.
“After reviewing the documents filed with the court, the company is of the view that the allegations are completely without merit and intends to vigorously defend the proposed lawsuit,” Eastplats said in a statement.
Class-action suits require certification by a judge before they can proceed in court. None of the allegations against the company have been proven.
Eastern Platinum settled a two-year wage agreement with workers in South Africa on May 24 after what it characterized as an illegal strike action earlier in the month that saw some damage to its mining facilities.
On May 11, the company reported a first-quarter net loss attributable to shareholders of $5.6 million, compared to year-earlier earnings of $824,000 as it sold 17 per cent less platinum group metals.
Eastplats reported a “traditional slow start” to the year as well as mine infrastructure changes and staff retraining as causes of a production decrease.
However, it said the impact was expected to be short term and production and earnings “will quickly return to anticipated levels.”
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 (June 30, 2011) Dominion Lending Centres Clearlease Reports Eastern Platinum Ltd. (TSX:ELR) says it will contest a proposed class-action lawsuit that alleges the company failed to disclose material changes to its Crocodile River Mine in South Africa.
The miner also known as Eastplats said Thursday June 30, 2011, it is aware of the suit filed earlier in the week by London, Ont.-based Siskinds LLP in Ontario Superior Court on behalf of shareholders who bought the company’s stock between Jan. 1 and April 15 this year.
“After reviewing the documents filed with the court, the company is of the view that the allegations are completely without merit and intends to vigorously defend the proposed lawsuit,” Eastplats said in a statement.
Class-action suits require certification by a judge before they can proceed in court. None of the allegations against the company have been proven.
Eastern Platinum settled a two-year wage agreement with workers in South Africa on May 24 after what it characterized as an illegal strike action earlier in the month that saw some damage to its mining facilities.
On May 11, the company reported a first-quarter net loss attributable to shareholders of $5.6 million, compared to year-earlier earnings of $824,000 as it sold 17 per cent less platinum group metals.
Eastplats reported a “traditional slow start” to the year as well as mine infrastructure changes and staff retraining as causes of a production decrease.
However, it said the impact was expected to be short term and production and earnings “will quickly return to anticipated levels.”
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 Eastplats (TSX:ELR) says it will contest allegations in proposed class-action lawsuit
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Eastern Platinum Ltd. (TSX:ELR) says it will contest a proposed class-action lawsuit that alleges the company failed to disclose material changes to its Crocodile River Mine in South Africa.
The miner also known as Eastplats said Thursday June 30, 2011, it is aware of the suit filed earlier in the week by London, Ont.-based Siskinds LLP in Ontario Superior Court on behalf of shareholders who bought the company’s stock between Jan. 1 and April 15 this year.
“After reviewing the documents filed with the court, the company is of the view that the allegations are completely without merit and intends to vigorously defend the proposed lawsuit,” Eastplats said in a statement.
Class-action suits require certification by a judge before they can proceed in court. None of the allegations against the company have been proven.
Eastern Platinum settled a two-year wage agreement with workers in South Africa on May 24 after what it characterized as an illegal strike action earlier in the month that saw some damage to its mining facilities.
On May 11, the company reported a first-quarter net loss attributable to shareholders of $5.6 million, compared to year-earlier earnings of $824,000 as it sold 17 per cent less platinum group metals.
Eastplats reported a “traditional slow start” to the year as well as mine infrastructure changes and staff retraining as causes of a production decrease.
However, it said the impact was expected to be short term and production and earnings “will quickly return to anticipated levels.”
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 Bell Canada BCE INC (TSX:BCE)(NYSE:BCE) to pay $10-million fine for misleading ads, Competition Bureau says
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Bell Canada must pay a $10-million fine for using misleading advertising — including “100 lines of fine print” — on prices for its home phone, Internet, satellite TV and wireless services, the federal Competition Bureau ruled June 28, 2011.
The federal watchdog said Tuesday that Bell’s advertised prices were not available because of additional mandatory fees related to modem rentals, phone and digital television services that were hidden from consumers in “fine print disclaimers.”
“If you’re going to advertise the price, it had better be the real price,” said Melanie Aitken, Commissioner of Competition.
“You can’t use a disclaimer to advertise prices that aren’t available to anyone. In this case, consumers had to wade through 1,600 words — 100 lines of fine print — just to try to sort out, if they could, what the real price was,” Aitken said in an interview.
Aitken said Bell had been using this kind of misleading advertising nationally since 2007 in printed material, on its website and in some television and radio spots.
The fine is the maximum amount allowed under the Competition Act. Bell (TSX:BCE) has agreed to change its offending advertising within 60 days.
“This is the first case where that level of penalty has been agreed to,” she said.
The bureau said Bell had advertised a bundle for home phone, Internet and television services starting as low as $69.90 per month. However, the lowest possible price, including the mandatory fees, was $80.27, the competition bureau said.
Aitken said Bell also offered a home phone service for $14.95 a month, but the actual price was about 20 per cent higher when the mandatory fees were included.
A Bell spokesman said the telecom company disagrees with the decision but agreed to resolve the issue rather than going through a lengthy and costly legal challenge.
“Disclaimers in advertising have been common practice in the communications marketplace and many other industries in Canada,” said Mark Langton.
“The bureau has examined our advertising in the past and never raised concerns about price disclaimers,” he said in an email.
“We’ve always disclosed all fees in our advertising. The bureau uses a bell.ca example to explain its position, but customers could not actually buy our products without seeing any and all fees that would apply.”
Aitken said she hopes the message that it’s not acceptable to use fine print to explain prices goes beyond the telecom industry to businesses in general.
“Something as important as the total price that you’re going to offer, it had better be clear.”
The $10 million will go into a general government fund and Bell is paying an additional $100,000 to the Competition Bureau to cover the costs of the investigation, Aitken said.
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 (June 30, 2011) Dominion Lending Centres Clearlease Reports Bell Canada must pay a $10-million fine for using misleading advertising — including “100 lines of fine print” — on prices for its home phone, Internet, satellite TV and wireless services, the federal Competition Bureau ruled June 28, 2011.
The federal watchdog said Tuesday that Bell’s advertised prices were not available because of additional mandatory fees related to modem rentals, phone and digital television services that were hidden from consumers in “fine print disclaimers.”
“If you’re going to advertise the price, it had better be the real price,” said Melanie Aitken, Commissioner of Competition.
“You can’t use a disclaimer to advertise prices that aren’t available to anyone. In this case, consumers had to wade through 1,600 words — 100 lines of fine print — just to try to sort out, if they could, what the real price was,” Aitken said in an interview.
Aitken said Bell had been using this kind of misleading advertising nationally since 2007 in printed material, on its website and in some television and radio spots.
The fine is the maximum amount allowed under the Competition Act. Bell (TSX:BCE) has agreed to change its offending advertising within 60 days.
“This is the first case where that level of penalty has been agreed to,” she said.
The bureau said Bell had advertised a bundle for home phone, Internet and television services starting as low as $69.90 per month. However, the lowest possible price, including the mandatory fees, was $80.27, the competition bureau said.
Aitken said Bell also offered a home phone service for $14.95 a month, but the actual price was about 20 per cent higher when the mandatory fees were included.
A Bell spokesman said the telecom company disagrees with the decision but agreed to resolve the issue rather than going through a lengthy and costly legal challenge.
“Disclaimers in advertising have been common practice in the communications marketplace and many other industries in Canada,” said Mark Langton.
“The bureau has examined our advertising in the past and never raised concerns about price disclaimers,” he said in an email.
“We’ve always disclosed all fees in our advertising. The bureau uses a bell.ca example to explain its position, but customers could not actually buy our products without seeing any and all fees that would apply.”
Aitken said she hopes the message that it’s not acceptable to use fine print to explain prices goes beyond the telecom industry to businesses in general.
“Something as important as the total price that you’re going to offer, it had better be clear.”
The $10 million will go into a general government fund and Bell is paying an additional $100,000 to the Competition Bureau to cover the costs of the investigation, Aitken said.
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 Bell Canada BCE INC (TSX:BCE)(NYSE:BCE) to pay $10-million fine for misleading ads, Competition Bureau says
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Bell Canada must pay a $10-million fine for using misleading advertising — including “100 lines of fine print” — on prices for its home phone, Internet, satellite TV and wireless services, the federal Competition Bureau ruled June 28, 2011.
The federal watchdog said Tuesday that Bell’s advertised prices were not available because of additional mandatory fees related to modem rentals, phone and digital television services that were hidden from consumers in “fine print disclaimers.”
“If you’re going to advertise the price, it had better be the real price,” said Melanie Aitken, Commissioner of Competition.
“You can’t use a disclaimer to advertise prices that aren’t available to anyone. In this case, consumers had to wade through 1,600 words — 100 lines of fine print — just to try to sort out, if they could, what the real price was,” Aitken said in an interview.
Aitken said Bell had been using this kind of misleading advertising nationally since 2007 in printed material, on its website and in some television and radio spots.
The fine is the maximum amount allowed under the Competition Act. Bell (TSX:BCE) has agreed to change its offending advertising within 60 days.
“This is the first case where that level of penalty has been agreed to,” she said.
The bureau said Bell had advertised a bundle for home phone, Internet and television services starting as low as $69.90 per month. However, the lowest possible price, including the mandatory fees, was $80.27, the competition bureau said.
Aitken said Bell also offered a home phone service for $14.95 a month, but the actual price was about 20 per cent higher when the mandatory fees were included.
A Bell spokesman said the telecom company disagrees with the decision but agreed to resolve the issue rather than going through a lengthy and costly legal challenge.
“Disclaimers in advertising have been common practice in the communications marketplace and many other industries in Canada,” said Mark Langton.
“The bureau has examined our advertising in the past and never raised concerns about price disclaimers,” he said in an email.
“We’ve always disclosed all fees in our advertising. The bureau uses a bell.ca example to explain its position, but customers could not actually buy our products without seeing any and all fees that would apply.”
Aitken said she hopes the message that it’s not acceptable to use fine print to explain prices goes beyond the telecom industry to businesses in general.
“Something as important as the total price that you’re going to offer, it had better be clear.”
The $10 million will go into a general government fund and Bell is paying an additional $100,000 to the Competition Bureau to cover the costs of the investigation, Aitken said.
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 Great Western Minerals (TSXV:GWG) an integrated rare earths processor loses $3.2 million in first quarter
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Great Western Minerals Group Ltd. (TSXV:GWG), a company which mines and processes rare earth metals, said June 30, 2011 it lost $3.2 million in the first quarter ended March 31, compared with a loss of $705,662 for the same period a year ago.
Revenues rose to $4.2 million from just under $3.9 million, the company reported Thursday.
Per share loss amounts were negligible for both periods.
The latest loss included stock based compensation charges of $1.7 million.
Great Western is an integrated rare earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries.
The company’s wholly owned subsidiaries are Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Mich.
The company also owns most of Rare Earth Extraction Co. Limited, which owns 74 per cent of the formerly producing Steenkampskraal Mine in South Africa.
“Great Western Minerals Group continues to see significant improvements in revenue and margin performance in our LCM alloy processing operations,” president and CEO Jim Engdahl said in a release.
“As well, our improved cash position relative to the same time last year is important given our company’s aggressive development plans at Steenkampskraal and our expansion plans for Less Common Metals. The influx of cash from the exercise of outstanding warrants continues to put our company in a much stronger position than has been the case in the past.”
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 (June 30, 2011) Dominion Lending Centres Clearlease Reports Great Western Minerals Group Ltd. (TSXV:GWG), a company which mines and processes rare earth metals, said June 30, 2011 it lost $3.2 million in the first quarter ended March 31, compared with a loss of $705,662 for the same period a year ago.
Revenues rose to $4.2 million from just under $3.9 million, the company reported Thursday.
Per share loss amounts were negligible for both periods.
The latest loss included stock based compensation charges of $1.7 million.
Great Western is an integrated rare earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries.
The company’s wholly owned subsidiaries are Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Mich.
The company also owns most of Rare Earth Extraction Co. Limited, which owns 74 per cent of the formerly producing Steenkampskraal Mine in South Africa.
“Great Western Minerals Group continues to see significant improvements in revenue and margin performance in our LCM alloy processing operations,” president and CEO Jim Engdahl said in a release.
“As well, our improved cash position relative to the same time last year is important given our company’s aggressive development plans at Steenkampskraal and our expansion plans for Less Common Metals. The influx of cash from the exercise of outstanding warrants continues to put our company in a much stronger position than has been the case in the past.”
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 Great Western Minerals (TSXV:GWG) an integrated rare earths processor loses $3.2 million in first quarter
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Great Western Minerals Group Ltd. (TSXV:GWG), a company which mines and processes rare earth metals, said June 30, 2011 it lost $3.2 million in the first quarter ended March 31, compared with a loss of $705,662 for the same period a year ago.
Revenues rose to $4.2 million from just under $3.9 million, the company reported Thursday.
Per share loss amounts were negligible for both periods.
The latest loss included stock based compensation charges of $1.7 million.
Great Western is an integrated rare earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries.
The company’s wholly owned subsidiaries are Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Mich.
The company also owns most of Rare Earth Extraction Co. Limited, which owns 74 per cent of the formerly producing Steenkampskraal Mine in South Africa.
“Great Western Minerals Group continues to see significant improvements in revenue and margin performance in our LCM alloy processing operations,” president and CEO Jim Engdahl said in a release.
“As well, our improved cash position relative to the same time last year is important given our company’s aggressive development plans at Steenkampskraal and our expansion plans for Less Common Metals. The influx of cash from the exercise of outstanding warrants continues to put our company in a much stronger position than has been the case in the past.”
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.
