Dominion Lending Centres Clearlease Reports First Uranium Corp. (TSX:FIU) Q$ loss of $17.8 million
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports First Uranium Corp. (TSX:FIU) reported Monday a fourth-quarter loss of $17.8 million or nine cents per share, improved from a year-earlier loss of $26 million or 14 cents per share as revenues improved on gold sales.
The miner’s consolidated revenue rose to $43 million from $29 million in the same period a year earlier primarily due to improved sales of gold, which it produces at the Ezulwini mine and from its Mine Waste Solutions tailings retreatment operation.
First Uranium, which trades its shares on the Toronto and Johannesburg stock exchanges, produced no uranium at Ezulwini during the quarter as it completed repairs following a structural failure affecting two loading columns.
The uranium plant was recommissioned in March and 31,000 pounds of uranium kept in stock at quarter end was shipped and sold during April 2011.
A global push for reviews of nuclear safety following a disaster at a nuclear plant in Japan that was hit hard by the earthquake and tsunami there has had a negative effect on First Uranium, Deon van der Mescht.
“While there has been a level of recovery for most uranium operators, we remain under pressure,” van der Mescht.
“This is ironic when one considers that First Uranium is largely a gold producer, having only recently recommenced uranium production at the Ezulwini Mine.”
For the full year, First Uranium’s consolidated revenue rose 86 per cent to $172 million. The loss for the year was $69.9 million, or 38 cents per share, improved from $92.2 million or 56 cents per share in the same period a year before. Total gold sales rose to 142,630 ounces from 91,657 ounces sold in 2010.
First uranium is developing gold and uranium extraction operations at the underground Ezulwini mine and its Mine Waste Solutions tailings recovery facility, both in South Africa. Shares in the company were unchanged at 67 cents in early trading on the Toronto Stock Exchange.
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.
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 6, 2011) Dominion Lending Centres Clearlease Reports First Uranium Corp. (TSX:FIU) reported Monday a fourth-quarter loss of $17.8 million or nine cents per share, improved from a year-earlier loss of $26 million or 14 cents per share as revenues improved on gold sales.
The miner’s consolidated revenue rose to $43 million from $29 million in the same period a year earlier primarily due to improved sales of gold, which it produces at the Ezulwini mine and from its Mine Waste Solutions tailings retreatment operation.
First Uranium, which trades its shares on the Toronto and Johannesburg stock exchanges, produced no uranium at Ezulwini during the quarter as it completed repairs following a structural failure affecting two loading columns.
The uranium plant was recommissioned in March and 31,000 pounds of uranium kept in stock at quarter end was shipped and sold during April 2011.
A global push for reviews of nuclear safety following a disaster at a nuclear plant in Japan that was hit hard by the earthquake and tsunami there has had a negative effect on First Uranium, Deon van der Mescht.
“While there has been a level of recovery for most uranium operators, we remain under pressure,” van der Mescht.
“This is ironic when one considers that First Uranium is largely a gold producer, having only recently recommenced uranium production at the Ezulwini Mine.”
For the full year, First Uranium’s consolidated revenue rose 86 per cent to $172 million. The loss for the year was $69.9 million, or 38 cents per share, improved from $92.2 million or 56 cents per share in the same period a year before. Total gold sales rose to 142,630 ounces from 91,657 ounces sold in 2010.
First uranium is developing gold and uranium extraction operations at the underground Ezulwini mine and its Mine Waste Solutions tailings recovery facility, both in South Africa. Shares in the company were unchanged at 67 cents in early trading on the Toronto Stock Exchange.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports First Uranium Corp. (TSX:FIU) Q$ loss of $17.8 million
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports First Uranium Corp. (TSX:FIU) reported Monday a fourth-quarter loss of $17.8 million or nine cents per share, improved from a year-earlier loss of $26 million or 14 cents per share as revenues improved on gold sales.
The miner’s consolidated revenue rose to $43 million from $29 million in the same period a year earlier primarily due to improved sales of gold, which it produces at the Ezulwini mine and from its Mine Waste Solutions tailings retreatment operation.
First Uranium, which trades its shares on the Toronto and Johannesburg stock exchanges, produced no uranium at Ezulwini during the quarter as it completed repairs following a structural failure affecting two loading columns.
The uranium plant was recommissioned in March and 31,000 pounds of uranium kept in stock at quarter end was shipped and sold during April 2011.
A global push for reviews of nuclear safety following a disaster at a nuclear plant in Japan that was hit hard by the earthquake and tsunami there has had a negative effect on First Uranium, Deon van der Mescht.
“While there has been a level of recovery for most uranium operators, we remain under pressure,” van der Mescht.
“This is ironic when one considers that First Uranium is largely a gold producer, having only recently recommenced uranium production at the Ezulwini Mine.”
For the full year, First Uranium’s consolidated revenue rose 86 per cent to $172 million. The loss for the year was $69.9 million, or 38 cents per share, improved from $92.2 million or 56 cents per share in the same period a year before. Total gold sales rose to 142,630 ounces from 91,657 ounces sold in 2010.
First uranium is developing gold and uranium extraction operations at the underground Ezulwini mine and its Mine Waste Solutions tailings recovery facility, both in South Africa. Shares in the company were unchanged at 67 cents in early trading on the Toronto Stock Exchange.
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.
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 Blockbuster Canada (OTC:BLOAQ) clearance sale begins Friday; 146 stores set to close
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports Clearance sales are underway at many of the Canadian Blockbuster Video (OTC:BLOAQ) stores that are closing their doors.
The movie and video game rental chain will be shutting down 146 Canadian locations next month.
A manager at one Toronto store says more than a dozen customers were hunting for bargains shortly after the store opened, but none of them had lined up to get there early.
About 1,400 Blockbuster staff could lose their jobs in Canada, but the receiver in charge of selling the company has not given exact numbers.
Ontario will have the most closures, but every province will lose at least one Blockbuster store.
Blockbuster Canada is being sold off to pay US$70 million in debt racked up by its former U.S. parent.
The Canadian arm of the chain had acted as a guarantor for Blockbuster’s U.S. business.
It went into bankruptcy protection and was later sold at auction to another owner.
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.
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 Bonterra Energy (TSX:BNE) says higher production helped Q1 profit nearly double
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports Oil and gas company Bonterra Energy Corp. says its first quarter profits nearly doubled thanks to increased production and higher oil prices.
The Calgary-based company said Thursday June 2, 2011 that profits rose to $13.6 million, compared to $7.5 million a year prior.
Revenues were up to $38 million, from $27 million.
Bonterra (TSX:BNE) said improved drilling helped it produce 27 per cent more barrels of oil per day, compared to the same quarter of 2010.
It also said higher crude oil prices helped substantially improve results.
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.
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 3, 2011) Dominion Lending Centres Clearlease Reports Oil and gas company Bonterra Energy Corp. says its first quarter profits nearly doubled thanks to increased production and higher oil prices.
The Calgary-based company said Thursday June 2, 2011 that profits rose to $13.6 million, compared to $7.5 million a year prior.
Revenues were up to $38 million, from $27 million.
Bonterra (TSX:BNE) said improved drilling helped it produce 27 per cent more barrels of oil per day, compared to the same quarter of 2010.
It also said higher crude oil prices helped substantially improve results.
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.
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 Bonterra Energy (TSX:BNE) says higher production helped Q1 profit nearly double
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports Oil and gas company Bonterra Energy Corp. says its first quarter profits nearly doubled thanks to increased production and higher oil prices.
The Calgary-based company said Thursday June 2, 2011 that profits rose to $13.6 million, compared to $7.5 million a year prior.
Revenues were up to $38 million, from $27 million.
Bonterra (TSX:BNE) said improved drilling helped it produce 27 per cent more barrels of oil per day, compared to the same quarter of 2010.
It also said higher crude oil prices helped substantially improve results.
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.
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 Chinese Government Denies Hacking Google (NASDAQ:GOOG) Accounts
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports China denied that the country was the source of recent attacks against users of Google Inc.’s email service. But the government in recent weeks has acknowledged taking a more active role in policing cyberspace to defend against security threats.
Google said Thursday June 2, 2011 that people operating in the country’s northeast infiltrated the accounts of hundreds of Gmail users, including U.S. government officials, Chinese activists, military personnel and journalists. It was at least the third time since early last year that Google has fingered China as the origin of disturbances to its operations.
Such allegations are “unacceptable,” Chinese Foreign Ministry spokesman Hong Lei said Thursday at a regularly scheduled briefing. “Saying that the Chinese government supports hacking activity is entirely a fabrication.”
Google’s latest disclosure said the attacks came from an area that is home to one of the People’s Liberation Army’s technical reconnaissance bureaus, but the company didn’t mention the possibility of involvement by the Chinese government.
China long has said that its Internet users are the world’s most victimized by cyberattacks. Mr. Hong said China pays great attention to cybersecurity and administers the Internet in accordance with the law.
Beijing in recent weeks has acknowledged more participation by its military and government on the Internet and suggested that China’s capabilities are weak compared with those of the U.S.
PLA spokesman Geng Yansheng last week confirmed the existence of a long-rumored military unit devoted to cyberspace, according to a posting on the government’s primary website. The PLA unit is popularly known as the Blue Army, a name apparently picked to distinguish it from the Communist Party’s main fighting machine, nicknamed the Red Army.
Mr. Geng offered few details, and it was unclear exactly what the unit does. When asked whether the Blue Army exists within the Guangdong Military Command, Mr. Geng referred to Chinese needs to defend against international threats to “relatively weak” network security, according to the website’s account. “You mentioned there are reports the PLA established a Blue Army. That is set up based on needs of training and improving the level of network security,” Mr. Geng said.
Google on Wednesday said “bad actors” based in the Shandong province city of Jinan were responsible for sending so-called phishing emails. The emails had links to a fake Gmail login page that the scammers used to collect the users’ passwords, giving the hackers access to the account holders’ email.
“These allegations are very serious,” U.S. Secretary of State Hillary Rodham Clinton said Thursday. She said the Federal Bureau of Investigation is investigating the incident. The White House said no official U.S. government accounts were accessed.
U.S. officials briefed on the incident said the Obama administration isn’t going to raise it directly with the Chinese government until all the facts become more clear. “Law enforcement needs to dig into this over the very short term so we have all the facts and procedures set out—then diplomacy,” a U.S. official said.
Three months ago Google blamed China for the sluggishness of some Gmail accounts. The company said Chinese authorities it didn’t name were interfering with its email services in a way “carefully designed to look like the problem is with Gmail.”
In January of last year Google said users in China were behind broad attacks on its email system that included efforts to break into accounts of the types of human-rights activists whom China often brands as criminals. Google subsequently moved its mainland Chinese search service to Hong Kong and stopped obeying requirements to censor results. China’s own Internet filters now censor Google searches from China.
That clearly has hurt Google’s business in China. The company had 19% of China search revenue in the first quarter of this year, compared with 76% for Baidu, according to Beijing research firm Analysys International. At its peak, in late 2009, Google had nearly 36%, while Baidu had 58%.
Many governments consider themselves relatively weak compared with the U.S. in their ability to conduct cybersurveillance or engage in cyberwar, a view increasingly aired through China’s state media.
The Xinhua news agency on Thursday published comments critical of Washington by Li Shuisheng, a research fellow with the top military-science academy of the PLA. In response to news in recent days that the Pentagon’s first cyberstrategy, due for release soon, concludes that an Internet attack could be grounds for a military response, Mr. Li said that the strategy “appears to be a warning to potential cyberattackers on the U.S. of the consequences, but is fundamentally an attempt of the U.S. to maintain its unparalleled global military superiority.”
The city of Jinan, which Google described as the origin of the latest attack, sits 250 miles south of Beijing and is important technologically and militarily. Jinan houses the headquarters of one of China’s eight regional military commands and is home to one of the PLA’s technical reconnaissance bureaus. The bureaus serve as arms of China’s equivalent to the U.S. National Security Agency, according to a 2009 report from a committee created by Congress to study China.
Investigators probing the attack Google outlined early last year examined whether computers at Jinan’s Lanxiang Vocational School were involved in the attacks, according to a person briefed on the matter at the time. A school official on Thursday denied any connection to hacking.
Beijing is beefing up its Internet strategy in other ways that lack obvious military implications but nevertheless underscore the central government’s continued vigilance.
The State Council last month said it had formed an Internet information office meant to strengthen coordination between various agencies to modernize and better regulate the Internet. The report cited needs to combat pornography, gambling and fraud to promote the healthy development of the Internet in China.
Human-rights groups accuse Chinese authorities of duplicity in such efforts to police the Internet.
In a report last year, cybersecurity firm Symantec Corp. pinned blame on Chinese users as the most active proponents of targeted webmail attacks like the kind Google has alleged. Symantec’s analysis said China was the origin of 28.2% of such attacks during a 2010 period studied, saying that many of the attacks were disguised as coming from other countries.
The Symantec report didn’t mention Jinan. Instead, it said the southeastern city of Shaoxing led the world in such attacks, running 21.3% of those in China. A spokesman for the city on Thursday said the analysis is incorrect.
A Beijing-based hacker said by email Thursday that Gmail is the most trusted email service. While disavowing any malicious intent with his hacking, he said: “A lot of Chinese activists and dissents are using Gmail. So, for sure, the government would want to know about their e-mail communications.”
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.
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 3, 2011) Dominion Lending Centres Clearlease Reports China denied that the country was the source of recent attacks against users of Google Inc.’s email service. But the government in recent weeks has acknowledged taking a more active role in policing cyberspace to defend against security threats.
Google said Thursday June 2, 2011 that people operating in the country’s northeast infiltrated the accounts of hundreds of Gmail users, including U.S. government officials, Chinese activists, military personnel and journalists. It was at least the third time since early last year that Google has fingered China as the origin of disturbances to its operations.
Such allegations are “unacceptable,” Chinese Foreign Ministry spokesman Hong Lei said Thursday at a regularly scheduled briefing. “Saying that the Chinese government supports hacking activity is entirely a fabrication.”
Google’s latest disclosure said the attacks came from an area that is home to one of the People’s Liberation Army’s technical reconnaissance bureaus, but the company didn’t mention the possibility of involvement by the Chinese government.
China long has said that its Internet users are the world’s most victimized by cyberattacks. Mr. Hong said China pays great attention to cybersecurity and administers the Internet in accordance with the law.
Beijing in recent weeks has acknowledged more participation by its military and government on the Internet and suggested that China’s capabilities are weak compared with those of the U.S.
PLA spokesman Geng Yansheng last week confirmed the existence of a long-rumored military unit devoted to cyberspace, according to a posting on the government’s primary website. The PLA unit is popularly known as the Blue Army, a name apparently picked to distinguish it from the Communist Party’s main fighting machine, nicknamed the Red Army.
Mr. Geng offered few details, and it was unclear exactly what the unit does. When asked whether the Blue Army exists within the Guangdong Military Command, Mr. Geng referred to Chinese needs to defend against international threats to “relatively weak” network security, according to the website’s account. “You mentioned there are reports the PLA established a Blue Army. That is set up based on needs of training and improving the level of network security,” Mr. Geng said.
Google on Wednesday said “bad actors” based in the Shandong province city of Jinan were responsible for sending so-called phishing emails. The emails had links to a fake Gmail login page that the scammers used to collect the users’ passwords, giving the hackers access to the account holders’ email.
“These allegations are very serious,” U.S. Secretary of State Hillary Rodham Clinton said Thursday. She said the Federal Bureau of Investigation is investigating the incident. The White House said no official U.S. government accounts were accessed.
U.S. officials briefed on the incident said the Obama administration isn’t going to raise it directly with the Chinese government until all the facts become more clear. “Law enforcement needs to dig into this over the very short term so we have all the facts and procedures set out—then diplomacy,” a U.S. official said.
Three months ago Google blamed China for the sluggishness of some Gmail accounts. The company said Chinese authorities it didn’t name were interfering with its email services in a way “carefully designed to look like the problem is with Gmail.”
In January of last year Google said users in China were behind broad attacks on its email system that included efforts to break into accounts of the types of human-rights activists whom China often brands as criminals. Google subsequently moved its mainland Chinese search service to Hong Kong and stopped obeying requirements to censor results. China’s own Internet filters now censor Google searches from China.
That clearly has hurt Google’s business in China. The company had 19% of China search revenue in the first quarter of this year, compared with 76% for Baidu, according to Beijing research firm Analysys International. At its peak, in late 2009, Google had nearly 36%, while Baidu had 58%.
Many governments consider themselves relatively weak compared with the U.S. in their ability to conduct cybersurveillance or engage in cyberwar, a view increasingly aired through China’s state media.
The Xinhua news agency on Thursday published comments critical of Washington by Li Shuisheng, a research fellow with the top military-science academy of the PLA. In response to news in recent days that the Pentagon’s first cyberstrategy, due for release soon, concludes that an Internet attack could be grounds for a military response, Mr. Li said that the strategy “appears to be a warning to potential cyberattackers on the U.S. of the consequences, but is fundamentally an attempt of the U.S. to maintain its unparalleled global military superiority.”
The city of Jinan, which Google described as the origin of the latest attack, sits 250 miles south of Beijing and is important technologically and militarily. Jinan houses the headquarters of one of China’s eight regional military commands and is home to one of the PLA’s technical reconnaissance bureaus. The bureaus serve as arms of China’s equivalent to the U.S. National Security Agency, according to a 2009 report from a committee created by Congress to study China.
Investigators probing the attack Google outlined early last year examined whether computers at Jinan’s Lanxiang Vocational School were involved in the attacks, according to a person briefed on the matter at the time. A school official on Thursday denied any connection to hacking.
Beijing is beefing up its Internet strategy in other ways that lack obvious military implications but nevertheless underscore the central government’s continued vigilance.
The State Council last month said it had formed an Internet information office meant to strengthen coordination between various agencies to modernize and better regulate the Internet. The report cited needs to combat pornography, gambling and fraud to promote the healthy development of the Internet in China.
Human-rights groups accuse Chinese authorities of duplicity in such efforts to police the Internet.
In a report last year, cybersecurity firm Symantec Corp. pinned blame on Chinese users as the most active proponents of targeted webmail attacks like the kind Google has alleged. Symantec’s analysis said China was the origin of 28.2% of such attacks during a 2010 period studied, saying that many of the attacks were disguised as coming from other countries.
The Symantec report didn’t mention Jinan. Instead, it said the southeastern city of Shaoxing led the world in such attacks, running 21.3% of those in China. A spokesman for the city on Thursday said the analysis is incorrect.
A Beijing-based hacker said by email Thursday that Gmail is the most trusted email service. While disavowing any malicious intent with his hacking, he said: “A lot of Chinese activists and dissents are using Gmail. So, for sure, the government would want to know about their e-mail communications.”
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.
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 Chinese Government Denies Hacking Google (NASDAQ:GOOG) Accounts
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports China denied that the country was the source of recent attacks against users of Google Inc.’s email service. But the government in recent weeks has acknowledged taking a more active role in policing cyberspace to defend against security threats.
Google said Thursday June 2, 2011 that people operating in the country’s northeast infiltrated the accounts of hundreds of Gmail users, including U.S. government officials, Chinese activists, military personnel and journalists. It was at least the third time since early last year that Google has fingered China as the origin of disturbances to its operations.
Such allegations are “unacceptable,” Chinese Foreign Ministry spokesman Hong Lei said Thursday at a regularly scheduled briefing. “Saying that the Chinese government supports hacking activity is entirely a fabrication.”
Google’s latest disclosure said the attacks came from an area that is home to one of the People’s Liberation Army’s technical reconnaissance bureaus, but the company didn’t mention the possibility of involvement by the Chinese government.
China long has said that its Internet users are the world’s most victimized by cyberattacks. Mr. Hong said China pays great attention to cybersecurity and administers the Internet in accordance with the law.
Beijing in recent weeks has acknowledged more participation by its military and government on the Internet and suggested that China’s capabilities are weak compared with those of the U.S.
PLA spokesman Geng Yansheng last week confirmed the existence of a long-rumored military unit devoted to cyberspace, according to a posting on the government’s primary website. The PLA unit is popularly known as the Blue Army, a name apparently picked to distinguish it from the Communist Party’s main fighting machine, nicknamed the Red Army.
Mr. Geng offered few details, and it was unclear exactly what the unit does. When asked whether the Blue Army exists within the Guangdong Military Command, Mr. Geng referred to Chinese needs to defend against international threats to “relatively weak” network security, according to the website’s account. “You mentioned there are reports the PLA established a Blue Army. That is set up based on needs of training and improving the level of network security,” Mr. Geng said.
Google on Wednesday said “bad actors” based in the Shandong province city of Jinan were responsible for sending so-called phishing emails. The emails had links to a fake Gmail login page that the scammers used to collect the users’ passwords, giving the hackers access to the account holders’ email.
“These allegations are very serious,” U.S. Secretary of State Hillary Rodham Clinton said Thursday. She said the Federal Bureau of Investigation is investigating the incident. The White House said no official U.S. government accounts were accessed.
U.S. officials briefed on the incident said the Obama administration isn’t going to raise it directly with the Chinese government until all the facts become more clear. “Law enforcement needs to dig into this over the very short term so we have all the facts and procedures set out—then diplomacy,” a U.S. official said.
Three months ago Google blamed China for the sluggishness of some Gmail accounts. The company said Chinese authorities it didn’t name were interfering with its email services in a way “carefully designed to look like the problem is with Gmail.”
In January of last year Google said users in China were behind broad attacks on its email system that included efforts to break into accounts of the types of human-rights activists whom China often brands as criminals. Google subsequently moved its mainland Chinese search service to Hong Kong and stopped obeying requirements to censor results. China’s own Internet filters now censor Google searches from China.
That clearly has hurt Google’s business in China. The company had 19% of China search revenue in the first quarter of this year, compared with 76% for Baidu, according to Beijing research firm Analysys International. At its peak, in late 2009, Google had nearly 36%, while Baidu had 58%.
Many governments consider themselves relatively weak compared with the U.S. in their ability to conduct cybersurveillance or engage in cyberwar, a view increasingly aired through China’s state media.
The Xinhua news agency on Thursday published comments critical of Washington by Li Shuisheng, a research fellow with the top military-science academy of the PLA. In response to news in recent days that the Pentagon’s first cyberstrategy, due for release soon, concludes that an Internet attack could be grounds for a military response, Mr. Li said that the strategy “appears to be a warning to potential cyberattackers on the U.S. of the consequences, but is fundamentally an attempt of the U.S. to maintain its unparalleled global military superiority.”
The city of Jinan, which Google described as the origin of the latest attack, sits 250 miles south of Beijing and is important technologically and militarily. Jinan houses the headquarters of one of China’s eight regional military commands and is home to one of the PLA’s technical reconnaissance bureaus. The bureaus serve as arms of China’s equivalent to the U.S. National Security Agency, according to a 2009 report from a committee created by Congress to study China.
Investigators probing the attack Google outlined early last year examined whether computers at Jinan’s Lanxiang Vocational School were involved in the attacks, according to a person briefed on the matter at the time. A school official on Thursday denied any connection to hacking.
Beijing is beefing up its Internet strategy in other ways that lack obvious military implications but nevertheless underscore the central government’s continued vigilance.
The State Council last month said it had formed an Internet information office meant to strengthen coordination between various agencies to modernize and better regulate the Internet. The report cited needs to combat pornography, gambling and fraud to promote the healthy development of the Internet in China.
Human-rights groups accuse Chinese authorities of duplicity in such efforts to police the Internet.
In a report last year, cybersecurity firm Symantec Corp. pinned blame on Chinese users as the most active proponents of targeted webmail attacks like the kind Google has alleged. Symantec’s analysis said China was the origin of 28.2% of such attacks during a 2010 period studied, saying that many of the attacks were disguised as coming from other countries.
The Symantec report didn’t mention Jinan. Instead, it said the southeastern city of Shaoxing led the world in such attacks, running 21.3% of those in China. A spokesman for the city on Thursday said the analysis is incorrect.
A Beijing-based hacker said by email Thursday that Gmail is the most trusted email service. While disavowing any malicious intent with his hacking, he said: “A lot of Chinese activists and dissents are using Gmail. So, for sure, the government would want to know about their e-mail communications.”
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.
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 Chinese iron and steel producer pays $17.4 million for 10 per cent of Noront
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A subsidiary of Chinese iron and steel producer Baosteel has invested $17.4 million on thursday June 2, 2011 to acquire approx. 10 per cent of Noront Resources Ltd. (TSX:NOT), an Ontario-based mineral exploration company active in the James Bay Lowlands.
Baosteel Resources International Co. Ltd. has also acquired warrants that would enable it to increase its Noront stake to about 14 per cent with a further investment of $11.7 million.
Baosteel paid 86 cents per unit, with each unit composed of one common share and a half purchase warrant. Each whole warrant allows Baosteel to buy an additional share at $1.16 each.
Based on Noront’s recent trading activity, Baosteel paid a premium to the market price — which is near a 52-week low of 74 cents.
Noront is focused on the remote McFauld’s Lake area, where a number of industrial and precious metals have been detected, including nickel and chromite.
Baosteel now owns 20.2 million Noront shares and 10.1 million warrants.
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.
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 3, 2011) Dominion Lending Centres Clearlease Reports A subsidiary of Chinese iron and steel producer Baosteel has invested $17.4 million on thursday June 2, 2011 to acquire approx. 10 per cent of Noront Resources Ltd. (TSX:NOT), an Ontario-based mineral exploration company active in the James Bay Lowlands.
Baosteel Resources International Co. Ltd. has also acquired warrants that would enable it to increase its Noront stake to about 14 per cent with a further investment of $11.7 million.
Baosteel paid 86 cents per unit, with each unit composed of one common share and a half purchase warrant. Each whole warrant allows Baosteel to buy an additional share at $1.16 each.
Based on Noront’s recent trading activity, Baosteel paid a premium to the market price — which is near a 52-week low of 74 cents.
Noront is focused on the remote McFauld’s Lake area, where a number of industrial and precious metals have been detected, including nickel and chromite.
Baosteel now owns 20.2 million Noront shares and 10.1 million warrants.
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.
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 Chinese iron and steel producer pays $17.4 million for 10 per cent of Noront
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A subsidiary of Chinese iron and steel producer Baosteel has invested $17.4 million on thursday June 2, 2011 to acquire approx. 10 per cent of Noront Resources Ltd. (TSX:NOT), an Ontario-based mineral exploration company active in the James Bay Lowlands.
Baosteel Resources International Co. Ltd. has also acquired warrants that would enable it to increase its Noront stake to about 14 per cent with a further investment of $11.7 million.
Baosteel paid 86 cents per unit, with each unit composed of one common share and a half purchase warrant. Each whole warrant allows Baosteel to buy an additional share at $1.16 each.
Based on Noront’s recent trading activity, Baosteel paid a premium to the market price — which is near a 52-week low of 74 cents.
Noront is focused on the remote McFauld’s Lake area, where a number of industrial and precious metals have been detected, including nickel and chromite.
Baosteel now owns 20.2 million Noront shares and 10.1 million warrants.
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.
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 Mystery surrounds origin of E. coli strain responsible for European outbreak
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A super-toxic bug is causing the frightening food poisoning outbreak in Europe that has sickened at least 1,600 people and killed 18, researchers and global health officials said Thursday June 2, 2011.
The new E. coli strain that is believed to have contaminated salad vegetables was analyzed by Chinese and German scientists. It contains several genes that cause antibiotic resistance and is similar to a strain that causes serious diarrhea and is found in the Central African Republic, according to a statement from the Shenzhen, China-based laboratory, BGI. Those scientists were working together with the University Medical Center Hamburg-Eppendorf.
“This is a unique strain that has never been isolated from patients before,” Hilde Kruse, a food safety expert at the World Health Organization, told The Associated Press. The new strain has “various characteristics that make it more virulent and toxin-producing” than the many E. coli strains people naturally carry in their intestines.
Preliminary genetic sequencing suggests the strain is a never before seen combination of two different E. coli bacteria, with aggressive genes that could explain why the outbreak appears to be so massive and dangerous, the agency said.
However, Dr. Robert Tauxe, a foodborne disease expert at the U.S. Centers for Disease Control and Prevention, questioned whether the strain is entirely new and said it had previously caused a single case in Korea. He said genetic fingerprints may vary a little but that “this strain is rare enough that a lot of people haven’t heard of it.”
Researchers have so far been unable to pinpoint the food source of the illness, which has now spread to at least 10 European countries and fanned uncertainty about eating tomatoes, cucumbers and lettuce. The germ has caused 499 to develop a kidney failure complication. Germany is hardest hit.
Fearful of the outbreak spreading east to Russia, the country extended a ban on vegetables to the entire European Union from just Germany and Spain, a move the bloc quickly called disproportionate.
Kruse said it’s not uncommon for bacteria to continually mutate, evolving and swapping genes. It is difficult to explain where the new strain came from, she said, but strains of bacteria from both humans and animals easily trade genes, similar to how animal viruses like Ebola sometimes jump into humans.
“One should think of an animal source,” Kruse said. “Many animals are hosts of various types of toxin-producing E. coli.” Some scientists suspect the deadly E. coli might have originated in contaminated manure used to fertilize vegetables.
Previous E. coli outbreaks have mainly hit children and the elderly, but the European outbreak is disproportionately affecting adults, especially women. Kruse said there might be something particular about the bacteria strain that makes it more dangerous for adults.
But she cautioned that since people with milder cases probably aren’t seeking medical help, officials don’t know just how big the outbreak is. “It’s hard to say how virulent (this new E. coli strain) is because we just don’t know the real number of people affected.”
Nearly all the sick people either live in Germany or recently travelled there. British officials announced four new cases, including three Britons who recently visited Germany and a German person on holiday in England.
The WHO recommends that to avoid food-borne illnesses people wash their hands before eating or cooking food, separating raw and cooked meat from other foods, thoroughly cooking food, and washing fruits and vegetables, especially if eaten raw. Experts also recommend peeling raw fruits and vegetables if possible.
Russia had earlier this week banned fresh imports from Spain and Germany, but it expanded the ban Thursday to include the entire EU. The United Arab Emirates issued a temporary ban on cucumbers from Spain, Germany, Denmark and the Netherlands.
Lyubov Voropayeva, spokeswoman for the Russian Agency for the Supervision of Consumer Rights, told the AP the Russian ban has been imposed immediately and indefinitely. No fatalities or infections have yet been reported in Russia.
“How many more lives of European citizens does it take for European officials to tackle this problem?” the agency’s chief Gennady Onishchenko said to the state-owned RIA Novosti news agency.
Frederic Vincent, a spokesman for the EU’s Health and Consumer Policy Commissioner John Dalli, said Thursday that the European Commission would write to Russia to demand further clarification. The Italian farmers association Coldiretti criticized the ban as “absurd.”
One expert said the fact the strain is new may have complicated the response to the outbreak. “Officials may not have had the correct tests to detect it, which may explain the initial delay in reporting,” said Paul Hunter, a professor of health protection at the University of East Anglia in England.
He said the number of new cases would likely slow to a trickle in the next few days. The incubation period for this type of E. coli is about three to eight days, and most people recover within 10 days.
“Salads have a relatively short shelf life and it’s likely the contaminated food would have been consumed in one to two weeks,” Hunter said.
But Hunter warned the outbreak could continue if there is secondary transmission of the disease, which often happens when children are infected. The disease can be spread when infected people don’t take proper hygiene measures, like bathing or hand washing..
Dr. Phil Tarr, a professor of molecular microbiology at Washington University, said the discovery of a new E. coli strain wasn’t particularly significant scientifically.
“Every strain is a mutant, if you define mutant as an organism that has picked up DNA from another source,” he said. He said more analysis was needed to find out more about the strain’s origins, how long it’s been around and its ability to make people sick.
Meanwhile, Spain’s prime minister slammed the European Commission and Germany for early on singling out the country’s produce as a possible source of the outbreak, and said the government would demand explanations and reparations.
Jose Luis Rodriguez Zapatero told Spanish National Radio that the German federal government was ultimately responsible for the allegations, adding that Spain would seek “conclusive explanations and sufficient reparations.”
Spanish farmers say the accusations have devastated their credibility and exports. In Valencia, protesting farmers dumped some 300 kilos (700 pounds) of fruit and vegetables — cabbage, tomatoes, peppers, cucumbers and other produce — outside the German consulate.
The outbreak is already considered the third-largest involving E. coli in recent world history, and it may be the deadliest. Twelve people died in a 1996 Japanese outbreak that reportedly sickened more than 9,000, and seven died in a 2000 Canadian outbreak.
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.
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 3, 2011) Dominion Lending Centres Clearlease Reports A super-toxic bug is causing the frightening food poisoning outbreak in Europe that has sickened at least 1,600 people and killed 18, researchers and global health officials said Thursday June 2, 2011.
The new E. coli strain that is believed to have contaminated salad vegetables was analyzed by Chinese and German scientists. It contains several genes that cause antibiotic resistance and is similar to a strain that causes serious diarrhea and is found in the Central African Republic, according to a statement from the Shenzhen, China-based laboratory, BGI. Those scientists were working together with the University Medical Center Hamburg-Eppendorf.
“This is a unique strain that has never been isolated from patients before,” Hilde Kruse, a food safety expert at the World Health Organization, told The Associated Press. The new strain has “various characteristics that make it more virulent and toxin-producing” than the many E. coli strains people naturally carry in their intestines.
Preliminary genetic sequencing suggests the strain is a never before seen combination of two different E. coli bacteria, with aggressive genes that could explain why the outbreak appears to be so massive and dangerous, the agency said.
However, Dr. Robert Tauxe, a foodborne disease expert at the U.S. Centers for Disease Control and Prevention, questioned whether the strain is entirely new and said it had previously caused a single case in Korea. He said genetic fingerprints may vary a little but that “this strain is rare enough that a lot of people haven’t heard of it.”
Researchers have so far been unable to pinpoint the food source of the illness, which has now spread to at least 10 European countries and fanned uncertainty about eating tomatoes, cucumbers and lettuce. The germ has caused 499 to develop a kidney failure complication. Germany is hardest hit.
Fearful of the outbreak spreading east to Russia, the country extended a ban on vegetables to the entire European Union from just Germany and Spain, a move the bloc quickly called disproportionate.
Kruse said it’s not uncommon for bacteria to continually mutate, evolving and swapping genes. It is difficult to explain where the new strain came from, she said, but strains of bacteria from both humans and animals easily trade genes, similar to how animal viruses like Ebola sometimes jump into humans.
“One should think of an animal source,” Kruse said. “Many animals are hosts of various types of toxin-producing E. coli.” Some scientists suspect the deadly E. coli might have originated in contaminated manure used to fertilize vegetables.
Previous E. coli outbreaks have mainly hit children and the elderly, but the European outbreak is disproportionately affecting adults, especially women. Kruse said there might be something particular about the bacteria strain that makes it more dangerous for adults.
But she cautioned that since people with milder cases probably aren’t seeking medical help, officials don’t know just how big the outbreak is. “It’s hard to say how virulent (this new E. coli strain) is because we just don’t know the real number of people affected.”
Nearly all the sick people either live in Germany or recently travelled there. British officials announced four new cases, including three Britons who recently visited Germany and a German person on holiday in England.
The WHO recommends that to avoid food-borne illnesses people wash their hands before eating or cooking food, separating raw and cooked meat from other foods, thoroughly cooking food, and washing fruits and vegetables, especially if eaten raw. Experts also recommend peeling raw fruits and vegetables if possible.
Russia had earlier this week banned fresh imports from Spain and Germany, but it expanded the ban Thursday to include the entire EU. The United Arab Emirates issued a temporary ban on cucumbers from Spain, Germany, Denmark and the Netherlands.
Lyubov Voropayeva, spokeswoman for the Russian Agency for the Supervision of Consumer Rights, told the AP the Russian ban has been imposed immediately and indefinitely. No fatalities or infections have yet been reported in Russia.
“How many more lives of European citizens does it take for European officials to tackle this problem?” the agency’s chief Gennady Onishchenko said to the state-owned RIA Novosti news agency.
Frederic Vincent, a spokesman for the EU’s Health and Consumer Policy Commissioner John Dalli, said Thursday that the European Commission would write to Russia to demand further clarification. The Italian farmers association Coldiretti criticized the ban as “absurd.”
One expert said the fact the strain is new may have complicated the response to the outbreak. “Officials may not have had the correct tests to detect it, which may explain the initial delay in reporting,” said Paul Hunter, a professor of health protection at the University of East Anglia in England.
He said the number of new cases would likely slow to a trickle in the next few days. The incubation period for this type of E. coli is about three to eight days, and most people recover within 10 days.
“Salads have a relatively short shelf life and it’s likely the contaminated food would have been consumed in one to two weeks,” Hunter said.
But Hunter warned the outbreak could continue if there is secondary transmission of the disease, which often happens when children are infected. The disease can be spread when infected people don’t take proper hygiene measures, like bathing or hand washing..
Dr. Phil Tarr, a professor of molecular microbiology at Washington University, said the discovery of a new E. coli strain wasn’t particularly significant scientifically.
“Every strain is a mutant, if you define mutant as an organism that has picked up DNA from another source,” he said. He said more analysis was needed to find out more about the strain’s origins, how long it’s been around and its ability to make people sick.
Meanwhile, Spain’s prime minister slammed the European Commission and Germany for early on singling out the country’s produce as a possible source of the outbreak, and said the government would demand explanations and reparations.
Jose Luis Rodriguez Zapatero told Spanish National Radio that the German federal government was ultimately responsible for the allegations, adding that Spain would seek “conclusive explanations and sufficient reparations.”
Spanish farmers say the accusations have devastated their credibility and exports. In Valencia, protesting farmers dumped some 300 kilos (700 pounds) of fruit and vegetables — cabbage, tomatoes, peppers, cucumbers and other produce — outside the German consulate.
The outbreak is already considered the third-largest involving E. coli in recent world history, and it may be the deadliest. Twelve people died in a 1996 Japanese outbreak that reportedly sickened more than 9,000, and seven died in a 2000 Canadian outbreak.
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.
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 Mystery surrounds origin of E. coli strain responsible for European outbreak
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A super-toxic bug is causing the frightening food poisoning outbreak in Europe that has sickened at least 1,600 people and killed 18, researchers and global health officials said Thursday June 2, 2011.
The new E. coli strain that is believed to have contaminated salad vegetables was analyzed by Chinese and German scientists. It contains several genes that cause antibiotic resistance and is similar to a strain that causes serious diarrhea and is found in the Central African Republic, according to a statement from the Shenzhen, China-based laboratory, BGI. Those scientists were working together with the University Medical Center Hamburg-Eppendorf.
“This is a unique strain that has never been isolated from patients before,” Hilde Kruse, a food safety expert at the World Health Organization, told The Associated Press. The new strain has “various characteristics that make it more virulent and toxin-producing” than the many E. coli strains people naturally carry in their intestines.
Preliminary genetic sequencing suggests the strain is a never before seen combination of two different E. coli bacteria, with aggressive genes that could explain why the outbreak appears to be so massive and dangerous, the agency said.
However, Dr. Robert Tauxe, a foodborne disease expert at the U.S. Centers for Disease Control and Prevention, questioned whether the strain is entirely new and said it had previously caused a single case in Korea. He said genetic fingerprints may vary a little but that “this strain is rare enough that a lot of people haven’t heard of it.”
Researchers have so far been unable to pinpoint the food source of the illness, which has now spread to at least 10 European countries and fanned uncertainty about eating tomatoes, cucumbers and lettuce. The germ has caused 499 to develop a kidney failure complication. Germany is hardest hit.
Fearful of the outbreak spreading east to Russia, the country extended a ban on vegetables to the entire European Union from just Germany and Spain, a move the bloc quickly called disproportionate.
Kruse said it’s not uncommon for bacteria to continually mutate, evolving and swapping genes. It is difficult to explain where the new strain came from, she said, but strains of bacteria from both humans and animals easily trade genes, similar to how animal viruses like Ebola sometimes jump into humans.
“One should think of an animal source,” Kruse said. “Many animals are hosts of various types of toxin-producing E. coli.” Some scientists suspect the deadly E. coli might have originated in contaminated manure used to fertilize vegetables.
Previous E. coli outbreaks have mainly hit children and the elderly, but the European outbreak is disproportionately affecting adults, especially women. Kruse said there might be something particular about the bacteria strain that makes it more dangerous for adults.
But she cautioned that since people with milder cases probably aren’t seeking medical help, officials don’t know just how big the outbreak is. “It’s hard to say how virulent (this new E. coli strain) is because we just don’t know the real number of people affected.”
Nearly all the sick people either live in Germany or recently travelled there. British officials announced four new cases, including three Britons who recently visited Germany and a German person on holiday in England.
The WHO recommends that to avoid food-borne illnesses people wash their hands before eating or cooking food, separating raw and cooked meat from other foods, thoroughly cooking food, and washing fruits and vegetables, especially if eaten raw. Experts also recommend peeling raw fruits and vegetables if possible.
Russia had earlier this week banned fresh imports from Spain and Germany, but it expanded the ban Thursday to include the entire EU. The United Arab Emirates issued a temporary ban on cucumbers from Spain, Germany, Denmark and the Netherlands.
Lyubov Voropayeva, spokeswoman for the Russian Agency for the Supervision of Consumer Rights, told the AP the Russian ban has been imposed immediately and indefinitely. No fatalities or infections have yet been reported in Russia.
“How many more lives of European citizens does it take for European officials to tackle this problem?” the agency’s chief Gennady Onishchenko said to the state-owned RIA Novosti news agency.
Frederic Vincent, a spokesman for the EU’s Health and Consumer Policy Commissioner John Dalli, said Thursday that the European Commission would write to Russia to demand further clarification. The Italian farmers association Coldiretti criticized the ban as “absurd.”
One expert said the fact the strain is new may have complicated the response to the outbreak. “Officials may not have had the correct tests to detect it, which may explain the initial delay in reporting,” said Paul Hunter, a professor of health protection at the University of East Anglia in England.
He said the number of new cases would likely slow to a trickle in the next few days. The incubation period for this type of E. coli is about three to eight days, and most people recover within 10 days.
“Salads have a relatively short shelf life and it’s likely the contaminated food would have been consumed in one to two weeks,” Hunter said.
But Hunter warned the outbreak could continue if there is secondary transmission of the disease, which often happens when children are infected. The disease can be spread when infected people don’t take proper hygiene measures, like bathing or hand washing..
Dr. Phil Tarr, a professor of molecular microbiology at Washington University, said the discovery of a new E. coli strain wasn’t particularly significant scientifically.
“Every strain is a mutant, if you define mutant as an organism that has picked up DNA from another source,” he said. He said more analysis was needed to find out more about the strain’s origins, how long it’s been around and its ability to make people sick.
Meanwhile, Spain’s prime minister slammed the European Commission and Germany for early on singling out the country’s produce as a possible source of the outbreak, and said the government would demand explanations and reparations.
Jose Luis Rodriguez Zapatero told Spanish National Radio that the German federal government was ultimately responsible for the allegations, adding that Spain would seek “conclusive explanations and sufficient reparations.”
Spanish farmers say the accusations have devastated their credibility and exports. In Valencia, protesting farmers dumped some 300 kilos (700 pounds) of fruit and vegetables — cabbage, tomatoes, peppers, cucumbers and other produce — outside the German consulate.
The outbreak is already considered the third-largest involving E. coli in recent world history, and it may be the deadliest. Twelve people died in a 1996 Japanese outbreak that reportedly sickened more than 9,000, and seven died in a 2000 Canadian outbreak.
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.
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 Laurentian Bank hikes dividend after best second quarter in 165-year history
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports Laurentian Bank of Canada is hiking its dividend again as it expects to achieve its profit target for the year after posting its best second quarter in the bank’s 165-year history.
“We continue to focus on increasing profitably as our No. 1 priority,” chief executive Rejean Robitaille told financial analysts during a conference call.
Laurentian (TSX:LB) raised its quarterly dividend by eight per cent for the second time in five months Thursday June 2, 2011. The dividend will rise to 42 cents per share, a three-cent increase, payable on Aug. 1 to shareholders of record on July 4.
“The substantial progress the bank has made, combined with the confidence that we hold in our future enabled us to once again increase our quarterly dividend,” Robitaille added.
Quebec’s third-largest financial institution earned $30.1 million or $1.13 per share in the three months ended April 30, up from $28.3 million or $1.06 per share a year earlier.
Analysts had expected on average the bank to earn $1.19 per share.
Revenue increased four per cent in the quarter to $185.7 million from $178.1 million, with a slight decline in interest income offset by higher income from other sources.
In the first six months, Laurentian has earned $2.40 per share. The pace should allow it to achieve its target of $4.80 to $5.40 per share for the year, Robitaille said Thursday.
A $12 million provision for loan losses during the most recent quarter was $4 million less than a year ago and $3 million less than the prior quarter.
Provisions for personal loans and credit cards decreased 23 per cent to $5.8 million. Provisions for residential mortgages soared, while those for commercial mortgages plummeted and commercial loans fell nearly in half.
Expenses increased by $11.3 million, about half from increased salaries, benefits and more employees.
Robitaille warned that achieving the bank’s goal of growing revenues by more than five per cent and improving its efficiency ratio may be a challenge due to the slowing of real estate activity since the beginning of the year.
Sumit Malhotra of Macquarie Capital Markets said credit quality was positive as gross impaired loans dropped eight per cent to $155 million.
“(But) the expense increase is disconcerting in that it has occurred at the same time that there are clear signs of slowing in revenue,” he wrote in a report.
The Montreal-based bank said total loans grew by $1.4 billion or seven per cent. But its commercial mortgage loan volume has been reduced because it decided against joining a pricing war that resulted from intense competition outside Quebec.
“I don’t think it’s going to be used forever but at this time, we can’t be seeking volume growth at the expense of profitability,” added Francois Desjardins, CEO of B2B Trust, a subsidiary of Laurentian Bank.
On the Toronto Stock Exchange , the bank’s shares closed down $2.09, or 4.05 per cent, at $49.56.
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.
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 3, 2011) Dominion Lending Centres Clearlease Reports Laurentian Bank of Canada is hiking its dividend again as it expects to achieve its profit target for the year after posting its best second quarter in the bank’s 165-year history.
“We continue to focus on increasing profitably as our No. 1 priority,” chief executive Rejean Robitaille told financial analysts during a conference call.
Laurentian (TSX:LB) raised its quarterly dividend by eight per cent for the second time in five months Thursday June 2, 2011. The dividend will rise to 42 cents per share, a three-cent increase, payable on Aug. 1 to shareholders of record on July 4.
“The substantial progress the bank has made, combined with the confidence that we hold in our future enabled us to once again increase our quarterly dividend,” Robitaille added.
Quebec’s third-largest financial institution earned $30.1 million or $1.13 per share in the three months ended April 30, up from $28.3 million or $1.06 per share a year earlier.
Analysts had expected on average the bank to earn $1.19 per share.
Revenue increased four per cent in the quarter to $185.7 million from $178.1 million, with a slight decline in interest income offset by higher income from other sources.
In the first six months, Laurentian has earned $2.40 per share. The pace should allow it to achieve its target of $4.80 to $5.40 per share for the year, Robitaille said Thursday.
A $12 million provision for loan losses during the most recent quarter was $4 million less than a year ago and $3 million less than the prior quarter.
Provisions for personal loans and credit cards decreased 23 per cent to $5.8 million. Provisions for residential mortgages soared, while those for commercial mortgages plummeted and commercial loans fell nearly in half.
Expenses increased by $11.3 million, about half from increased salaries, benefits and more employees.
Robitaille warned that achieving the bank’s goal of growing revenues by more than five per cent and improving its efficiency ratio may be a challenge due to the slowing of real estate activity since the beginning of the year.
Sumit Malhotra of Macquarie Capital Markets said credit quality was positive as gross impaired loans dropped eight per cent to $155 million.
“(But) the expense increase is disconcerting in that it has occurred at the same time that there are clear signs of slowing in revenue,” he wrote in a report.
The Montreal-based bank said total loans grew by $1.4 billion or seven per cent. But its commercial mortgage loan volume has been reduced because it decided against joining a pricing war that resulted from intense competition outside Quebec.
“I don’t think it’s going to be used forever but at this time, we can’t be seeking volume growth at the expense of profitability,” added Francois Desjardins, CEO of B2B Trust, a subsidiary of Laurentian Bank.
On the Toronto Stock Exchange , the bank’s shares closed down $2.09, or 4.05 per cent, at $49.56.
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.
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 Laurentian Bank hikes dividend after best second quarter in 165-year history
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports Laurentian Bank of Canada is hiking its dividend again as it expects to achieve its profit target for the year after posting its best second quarter in the bank’s 165-year history.
“We continue to focus on increasing profitably as our No. 1 priority,” chief executive Rejean Robitaille told financial analysts during a conference call.
Laurentian (TSX:LB) raised its quarterly dividend by eight per cent for the second time in five months Thursday June 2, 2011. The dividend will rise to 42 cents per share, a three-cent increase, payable on Aug. 1 to shareholders of record on July 4.
“The substantial progress the bank has made, combined with the confidence that we hold in our future enabled us to once again increase our quarterly dividend,” Robitaille added.
Quebec’s third-largest financial institution earned $30.1 million or $1.13 per share in the three months ended April 30, up from $28.3 million or $1.06 per share a year earlier.
Analysts had expected on average the bank to earn $1.19 per share.
Revenue increased four per cent in the quarter to $185.7 million from $178.1 million, with a slight decline in interest income offset by higher income from other sources.
In the first six months, Laurentian has earned $2.40 per share. The pace should allow it to achieve its target of $4.80 to $5.40 per share for the year, Robitaille said Thursday.
A $12 million provision for loan losses during the most recent quarter was $4 million less than a year ago and $3 million less than the prior quarter.
Provisions for personal loans and credit cards decreased 23 per cent to $5.8 million. Provisions for residential mortgages soared, while those for commercial mortgages plummeted and commercial loans fell nearly in half.
Expenses increased by $11.3 million, about half from increased salaries, benefits and more employees.
Robitaille warned that achieving the bank’s goal of growing revenues by more than five per cent and improving its efficiency ratio may be a challenge due to the slowing of real estate activity since the beginning of the year.
Sumit Malhotra of Macquarie Capital Markets said credit quality was positive as gross impaired loans dropped eight per cent to $155 million.
“(But) the expense increase is disconcerting in that it has occurred at the same time that there are clear signs of slowing in revenue,” he wrote in a report.
The Montreal-based bank said total loans grew by $1.4 billion or seven per cent. But its commercial mortgage loan volume has been reduced because it decided against joining a pricing war that resulted from intense competition outside Quebec.
“I don’t think it’s going to be used forever but at this time, we can’t be seeking volume growth at the expense of profitability,” added Francois Desjardins, CEO of B2B Trust, a subsidiary of Laurentian Bank.
On the Toronto Stock Exchange , the bank’s shares closed down $2.09, or 4.05 per cent, at $49.56.
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.
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 Target and Fairweather fail to reach settlement over Target name in Canada
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports U.S. retailer Target Corp. and Canada’s Fairweather Ltd. have failed to reach a settlement in a legal dispute over who has the right to use the Target name in Canada, after meeting in a mediation session in Federal Court Thursday June 2, 2011.
Justice Roger Hughes filed documents Thursday after meeting with both parties together and separately, saying that no settlement could be reached and no arrangements have been made for the two sides to meet again.
Neither retailer is commenting on the case. A lawyer for Target Corp. confirmed the two were in mediation Thursday morning, but declined further comment because the case is before the courts.
Target has requested an injunction to block the company that owns the Fairweather womenswear chain from using the name “Target Apparel” in its stores.
Clothing chain Fairweather Ltd. filed a lawsuit in January seeking up to $250 million in damages from Target, for trademark infringement.
The case is scheduled to go to trial in 2012.
Toronto-based Fairweather has owned the Canadian rights to the name for 10 years, when it bought assets from now-defunct Dylex Ltd.
Dylex, a Canadian company that once numerous retail chains, registered the “Target Apparel” name in 1981. Dylex was eventually split up.
Depending on the outcome of the trial, the American chain may have to choose between using a different name in Canada, or buying the Canadian rights.
The flashy American retailer, which is known for designer fashion collaborations at discount chain prices, has plans to open its first Canadian stores in 2013.
Fairweather has been operating a Toronto clothing store under the name “Target Apparel” since 2005 and in the last few months started opening new stores across Canada with the name.
It temporarily lost ownership of the Target trademark in 2005 after the U.S. retailer moved to have it cancelled. Industry Canada said the trade mark was expunged, but the Federal Court of Appeal later ruled Fairweather’s ownership should be reactivated.
Fairweather claims the American retailer’s entry into Canada would lead to a loss of customers, the devaluation of the Target Apparel name, and loss of control over its trademark and reputation.
It wants the court to declare that it has the sole right to use the “Target Apparel” name in Canada, and to prevent the U.S. retailer from using the name on any clothing labels or retail stores north of the border.
Fairweather said it also wants American Target to transfer ownership of the website targetapparel.com, which currently redirects to the U.S. chain’s website.
Fairweather also owns discount menswear chain International Clothiers and department stores Les Ailes De La Mode in Quebec. It is not clear whether the company has plans to open more locations or convert more current stores to the Target Apparel name.
Meanwhile, Target is moving ahead with its Canadian expansion plans. Last week, it unveiled the first 105 Zellers locations that it plans to take over. It has the right to select another 115 locations when it makes a second payment in the third quarter.
The U.S. retail giant announced in January it would spend $1.83 billion to take over the leases of as many as 220 Zellers stores from the Hudson Bay Trading Co. It recently doubled its renovation budget from about $1 billion to as much as $2.3 billion to convert Zellers stores to its brand and integrate them into its retail network.
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.
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 3, 2011) Dominion Lending Centres Clearlease Reports U.S. retailer Target Corp. and Canada’s Fairweather Ltd. have failed to reach a settlement in a legal dispute over who has the right to use the Target name in Canada, after meeting in a mediation session in Federal Court Thursday June 2, 2011.
Justice Roger Hughes filed documents Thursday after meeting with both parties together and separately, saying that no settlement could be reached and no arrangements have been made for the two sides to meet again.
Neither retailer is commenting on the case. A lawyer for Target Corp. confirmed the two were in mediation Thursday morning, but declined further comment because the case is before the courts.
Target has requested an injunction to block the company that owns the Fairweather womenswear chain from using the name “Target Apparel” in its stores.
Clothing chain Fairweather Ltd. filed a lawsuit in January seeking up to $250 million in damages from Target, for trademark infringement.
The case is scheduled to go to trial in 2012.
Toronto-based Fairweather has owned the Canadian rights to the name for 10 years, when it bought assets from now-defunct Dylex Ltd.
Dylex, a Canadian company that once numerous retail chains, registered the “Target Apparel” name in 1981. Dylex was eventually split up.
Depending on the outcome of the trial, the American chain may have to choose between using a different name in Canada, or buying the Canadian rights.
The flashy American retailer, which is known for designer fashion collaborations at discount chain prices, has plans to open its first Canadian stores in 2013.
Fairweather has been operating a Toronto clothing store under the name “Target Apparel” since 2005 and in the last few months started opening new stores across Canada with the name.
It temporarily lost ownership of the Target trademark in 2005 after the U.S. retailer moved to have it cancelled. Industry Canada said the trade mark was expunged, but the Federal Court of Appeal later ruled Fairweather’s ownership should be reactivated.
Fairweather claims the American retailer’s entry into Canada would lead to a loss of customers, the devaluation of the Target Apparel name, and loss of control over its trademark and reputation.
It wants the court to declare that it has the sole right to use the “Target Apparel” name in Canada, and to prevent the U.S. retailer from using the name on any clothing labels or retail stores north of the border.
Fairweather said it also wants American Target to transfer ownership of the website targetapparel.com, which currently redirects to the U.S. chain’s website.
Fairweather also owns discount menswear chain International Clothiers and department stores Les Ailes De La Mode in Quebec. It is not clear whether the company has plans to open more locations or convert more current stores to the Target Apparel name.
Meanwhile, Target is moving ahead with its Canadian expansion plans. Last week, it unveiled the first 105 Zellers locations that it plans to take over. It has the right to select another 115 locations when it makes a second payment in the third quarter.
The U.S. retail giant announced in January it would spend $1.83 billion to take over the leases of as many as 220 Zellers stores from the Hudson Bay Trading Co. It recently doubled its renovation budget from about $1 billion to as much as $2.3 billion to convert Zellers stores to its brand and integrate them into its retail network.
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.
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 Target and Fairweather fail to reach settlement over Target name in Canada
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports U.S. retailer Target Corp. and Canada’s Fairweather Ltd. have failed to reach a settlement in a legal dispute over who has the right to use the Target name in Canada, after meeting in a mediation session in Federal Court Thursday June 2, 2011.
Justice Roger Hughes filed documents Thursday after meeting with both parties together and separately, saying that no settlement could be reached and no arrangements have been made for the two sides to meet again.
Neither retailer is commenting on the case. A lawyer for Target Corp. confirmed the two were in mediation Thursday morning, but declined further comment because the case is before the courts.
Target has requested an injunction to block the company that owns the Fairweather womenswear chain from using the name “Target Apparel” in its stores.
Clothing chain Fairweather Ltd. filed a lawsuit in January seeking up to $250 million in damages from Target, for trademark infringement.
The case is scheduled to go to trial in 2012.
Toronto-based Fairweather has owned the Canadian rights to the name for 10 years, when it bought assets from now-defunct Dylex Ltd.
Dylex, a Canadian company that once numerous retail chains, registered the “Target Apparel” name in 1981. Dylex was eventually split up.
Depending on the outcome of the trial, the American chain may have to choose between using a different name in Canada, or buying the Canadian rights.
The flashy American retailer, which is known for designer fashion collaborations at discount chain prices, has plans to open its first Canadian stores in 2013.
Fairweather has been operating a Toronto clothing store under the name “Target Apparel” since 2005 and in the last few months started opening new stores across Canada with the name.
It temporarily lost ownership of the Target trademark in 2005 after the U.S. retailer moved to have it cancelled. Industry Canada said the trade mark was expunged, but the Federal Court of Appeal later ruled Fairweather’s ownership should be reactivated.
Fairweather claims the American retailer’s entry into Canada would lead to a loss of customers, the devaluation of the Target Apparel name, and loss of control over its trademark and reputation.
It wants the court to declare that it has the sole right to use the “Target Apparel” name in Canada, and to prevent the U.S. retailer from using the name on any clothing labels or retail stores north of the border.
Fairweather said it also wants American Target to transfer ownership of the website targetapparel.com, which currently redirects to the U.S. chain’s website.
Fairweather also owns discount menswear chain International Clothiers and department stores Les Ailes De La Mode in Quebec. It is not clear whether the company has plans to open more locations or convert more current stores to the Target Apparel name.
Meanwhile, Target is moving ahead with its Canadian expansion plans. Last week, it unveiled the first 105 Zellers locations that it plans to take over. It has the right to select another 115 locations when it makes a second payment in the third quarter.
The U.S. retail giant announced in January it would spend $1.83 billion to take over the leases of as many as 220 Zellers stores from the Hudson Bay Trading Co. It recently doubled its renovation budget from about $1 billion to as much as $2.3 billion to convert Zellers stores to its brand and integrate them into its retail network.
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.
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 Qualcomm Blames Nvidia for Delaying Debut of Android Tablets
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Qualcomm Inc. (QCOM) Chief Executive Officer Paul Jacobs said rival chipmaker Nvidia Corp. (NVDA) held up the debut of tablet computers running Google Inc. (GOOG)’s Android software, hampering efforts to compete with Apple Inc. (AAPL)’s iPad.
Qualcomm could have supplied chips and support to tablet makers more quickly than Nvidia, Jacobs said in an interview. The delay “probably had a negative impact” on Google’s effort’s to gain market share from Apple, he said.
“They weren’t able to scale the market the way that we can,” Jacobs said.
Google chose Nvidia over Qualcomm as the processor supplier for its first version of Android aimed at tablet devices, which are coming out this year. In picking Nvidia, Google went with a newer entrant to the mobile-device market. San Diego-based Qualcomm has three times the revenue and its chips went into 745 new devices last year, including dozens of Android smartphones.
Nvidia doesn’t agree with Jacobs’s characterization of what happened, said Hector Marinez, a spokesman for the Santa Clara, California-based company. Nvidia’s Tegra 2 processor is already in Samsung Electronics Co.’s Galaxy Tab 10.1 tablet, and the company will have shipped 10 million Tegra 2 chips by the end of this month — though many of those are in mobile phones, not tablets. Fourteen of the top 20 wireless carriers are shipping devices with Tegra chips, Marinez said.
Snapdragon Chip
Even with a slow start, there will be a lot of Android tablets on store shelves by the holiday shopping season, Jacobs said. Makers of the devices aim to challenge Apple’s dominance in the market. The iPad is expected to account for the majority of sales until 2013, estimates IHS ISuppli Corp.
Qualcomm is counting on its Snapdragon processor to help it break into the tablet market. While mostly used in smartphones, the chip will run 40 tablets currently in development, the company said. That includes newer versions of Android tablets, such as a model from Asustek Computer Inc.
Qualcomm also aims to capitalize on an update of Windows that will work with smartphone processors, rather than just Intel Corp. (INTC)’s technology. The move will give companies from the phone industry a “huge opportunity” to make inroads in personal computers and tablets, Jacobs said.
Consumers want computers that work well on a battery, are always connected to the Internet, and are thin and light, he said. That gives an edge to phone-chip makers, Jacobs said.
For Intel and other computer-chip manufacturers, tablets are a threat, rather than an opportunity, he said. Sales of the devices will eat into the traditional PC market, Jacobs said.
“It’s going to be cannibalistic,” he said. “It’s hard not to see how it wouldn’t be.”
Intel, which reaffirmed its rosy forecast for PC sales last month, expects emerging markets to drive demand. Jacobs countered that consumers in those regions might instead migrate from phones to tablets, instead of regular PCs.
Qualcomm rose 65 cents, or 1.1 percent, to $57.80 at 4 p.m. New York time on the Nasdaq Stock Market. The stock has gained 17 percent this year.
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.
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 Qualcomm Blames Nvidia for Delaying Debut of Android Tablets
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Qualcomm Inc. (QCOM) Chief Executive Officer Paul Jacobs said rival chipmaker Nvidia Corp. (NVDA) held up the debut of tablet computers running Google Inc. (GOOG)’s Android software, hampering efforts to compete with Apple Inc. (AAPL)’s iPad.
Qualcomm could have supplied chips and support to tablet makers more quickly than Nvidia, Jacobs said in an interview. The delay “probably had a negative impact” on Google’s effort’s to gain market share from Apple, he said.
“They weren’t able to scale the market the way that we can,” Jacobs said.
Google chose Nvidia over Qualcomm as the processor supplier for its first version of Android aimed at tablet devices, which are coming out this year. In picking Nvidia, Google went with a newer entrant to the mobile-device market. San Diego-based Qualcomm has three times the revenue and its chips went into 745 new devices last year, including dozens of Android smartphones.
Nvidia doesn’t agree with Jacobs’s characterization of what happened, said Hector Marinez, a spokesman for the Santa Clara, California-based company. Nvidia’s Tegra 2 processor is already in Samsung Electronics Co.’s Galaxy Tab 10.1 tablet, and the company will have shipped 10 million Tegra 2 chips by the end of this month — though many of those are in mobile phones, not tablets. Fourteen of the top 20 wireless carriers are shipping devices with Tegra chips, Marinez said.
Snapdragon Chip
Even with a slow start, there will be a lot of Android tablets on store shelves by the holiday shopping season, Jacobs said. Makers of the devices aim to challenge Apple’s dominance in the market. The iPad is expected to account for the majority of sales until 2013, estimates IHS ISuppli Corp.
Qualcomm is counting on its Snapdragon processor to help it break into the tablet market. While mostly used in smartphones, the chip will run 40 tablets currently in development, the company said. That includes newer versions of Android tablets, such as a model from Asustek Computer Inc.
Qualcomm also aims to capitalize on an update of Windows that will work with smartphone processors, rather than just Intel Corp. (INTC)’s technology. The move will give companies from the phone industry a “huge opportunity” to make inroads in personal computers and tablets, Jacobs said.
Consumers want computers that work well on a battery, are always connected to the Internet, and are thin and light, he said. That gives an edge to phone-chip makers, Jacobs said.
For Intel and other computer-chip manufacturers, tablets are a threat, rather than an opportunity, he said. Sales of the devices will eat into the traditional PC market, Jacobs said.
“It’s going to be cannibalistic,” he said. “It’s hard not to see how it wouldn’t be.”
Intel, which reaffirmed its rosy forecast for PC sales last month, expects emerging markets to drive demand. Jacobs countered that consumers in those regions might instead migrate from phones to tablets, instead of regular PCs.
Qualcomm rose 65 cents, or 1.1 percent, to $57.80 at 4 p.m. New York time on the Nasdaq Stock Market. The stock has gained 17 percent this year.
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.
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 Qualcomm Blames Nvidia for Delaying Debut of Android Tablets
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Qualcomm Inc. (QCOM) Chief Executive Officer Paul Jacobs said rival chipmaker Nvidia Corp. (NVDA) held up the debut of tablet computers running Google Inc. (GOOG)’s Android software, hampering efforts to compete with Apple Inc. (AAPL)’s iPad.
Qualcomm could have supplied chips and support to tablet makers more quickly than Nvidia, Jacobs said in an interview. The delay “probably had a negative impact” on Google’s effort’s to gain market share from Apple, he said.
“They weren’t able to scale the market the way that we can,” Jacobs said.
Google chose Nvidia over Qualcomm as the processor supplier for its first version of Android aimed at tablet devices, which are coming out this year. In picking Nvidia, Google went with a newer entrant to the mobile-device market. San Diego-based Qualcomm has three times the revenue and its chips went into 745 new devices last year, including dozens of Android smartphones.
Nvidia doesn’t agree with Jacobs’s characterization of what happened, said Hector Marinez, a spokesman for the Santa Clara, California-based company. Nvidia’s Tegra 2 processor is already in Samsung Electronics Co.’s Galaxy Tab 10.1 tablet, and the company will have shipped 10 million Tegra 2 chips by the end of this month — though many of those are in mobile phones, not tablets. Fourteen of the top 20 wireless carriers are shipping devices with Tegra chips, Marinez said.
Snapdragon Chip
Even with a slow start, there will be a lot of Android tablets on store shelves by the holiday shopping season, Jacobs said. Makers of the devices aim to challenge Apple’s dominance in the market. The iPad is expected to account for the majority of sales until 2013, estimates IHS ISuppli Corp.
Qualcomm is counting on its Snapdragon processor to help it break into the tablet market. While mostly used in smartphones, the chip will run 40 tablets currently in development, the company said. That includes newer versions of Android tablets, such as a model from Asustek Computer Inc.
Qualcomm also aims to capitalize on an update of Windows that will work with smartphone processors, rather than just Intel Corp. (INTC)’s technology. The move will give companies from the phone industry a “huge opportunity” to make inroads in personal computers and tablets, Jacobs said.
Consumers want computers that work well on a battery, are always connected to the Internet, and are thin and light, he said. That gives an edge to phone-chip makers, Jacobs said.
For Intel and other computer-chip manufacturers, tablets are a threat, rather than an opportunity, he said. Sales of the devices will eat into the traditional PC market, Jacobs said.
“It’s going to be cannibalistic,” he said. “It’s hard not to see how it wouldn’t be.”
Intel, which reaffirmed its rosy forecast for PC sales last month, expects emerging markets to drive demand. Jacobs countered that consumers in those regions might instead migrate from phones to tablets, instead of regular PCs.
Qualcomm rose 65 cents, or 1.1 percent, to $57.80 at 4 p.m. New York time on the Nasdaq Stock Market. The stock has gained 17 percent this year.
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.
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 Postal Union says strike will start in Winnipeg; small businesses scrambling
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Businesses and charities were looking for alternatives and preparing for cash crunches after the union representing Canada Post workers said it will begin a series of rotating strikes late Thursday night June 2, 2011, in Winnipeg.
“Undoubtedly, there will be a lot of money caught in the system when the strike occurs that will just be basically halted and will remain in the mail,” Dan Kelly of the Canadian Federation of Independent Business said.
“Cash flow issues to small businesses can be a pretty significant deal,” said Kelly, the organization’s senior vice-president.
Kelly estimated a postal strike will cost small businesses between $200 and $250 daily.
Both the Canadian Wildlife Federation and the Toronto-based Yonge Street Mission said they, along with other charities, will be seriously impacted by a postal strike.
The Yonge Street Mission said services it provides to Toronto’s poorest people are funded through donations received in the mail.
“The strike could cost the charity approximately $56,000 each week it continues,” Ann Barnard Ball, Mission development officer, said in a statement.
She said 70 per cent of the Yonge Street Mission’s funding comes through the mail, but she did note that nearly $500,000 was raised last year through online donations.
The Canadian Wildlife Federation said a significant portion of donations are received through direct mail campaigns but added that donations can still be made over the phone or online.
“The postal strike will impede CWF’s ability to communicate with many of its over 300,000 donors,” said executive vice-president Wade Luzny.
The announcement of rotating strikes came as the Canadian Union of Postal Workers continued negotiations on a new labour contract with the government-owned corporation, as the clock ticked down to the 11:59 EDT strike deadline.
The union gave its required 72-hour notice on Monday and will use volunteers in some provinces to deliver government assistance cheques.
The union plans to hold a news conference in Ottawa on Friday morning to discuss negotiations and strike activities.
Canada Post spokesman John Caines said the Crown corporation remains hopeful that the two sides will reach a negotiated settlement.
“We are committed to getting an agreement and we’re still working at it,” Caines said from Ottawa.
Kelly said while electronic payments, online banking and direct deposit provide alternatives for businesses, the absence of Canada Post’s parcel delivery service will be felt, especially in rural areas.
“If you’ve got an online business or if you use Canada Post to ship out your goods, private couriers are going to have capacity challenges and are going to be a heck of a lot more expensive and are probably just not going to work in fairly large cross sections of the country.”
Kelly also said a number of small businesses still rely on sending and receiving cheques through the mail.
“The business cheque is still a fairly affordable option for a lot of businesses.”
Meanwhile, courier companies were expecting business to pick up.
“I do have extra staff lined up,” said manager Jason Crown of Toronto-based Messengers International courier service.
Purolator said it will bring in extra staff if needed to ensure its customers get the same level of service, said Denis Roch, general manger of Purolator’s Quebec and Atlantic Canada division.
“Our main priority is to try to protect our existing customers.”
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.
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 2, 2011) Dominion Lending Centres Clearlease Reports Businesses and charities were looking for alternatives and preparing for cash crunches after the union representing Canada Post workers said it will begin a series of rotating strikes late Thursday night June 2, 2011, in Winnipeg.
“Undoubtedly, there will be a lot of money caught in the system when the strike occurs that will just be basically halted and will remain in the mail,” Dan Kelly of the Canadian Federation of Independent Business said.
“Cash flow issues to small businesses can be a pretty significant deal,” said Kelly, the organization’s senior vice-president.
Kelly estimated a postal strike will cost small businesses between $200 and $250 daily.
Both the Canadian Wildlife Federation and the Toronto-based Yonge Street Mission said they, along with other charities, will be seriously impacted by a postal strike.
The Yonge Street Mission said services it provides to Toronto’s poorest people are funded through donations received in the mail.
“The strike could cost the charity approximately $56,000 each week it continues,” Ann Barnard Ball, Mission development officer, said in a statement.
She said 70 per cent of the Yonge Street Mission’s funding comes through the mail, but she did note that nearly $500,000 was raised last year through online donations.
The Canadian Wildlife Federation said a significant portion of donations are received through direct mail campaigns but added that donations can still be made over the phone or online.
“The postal strike will impede CWF’s ability to communicate with many of its over 300,000 donors,” said executive vice-president Wade Luzny.
The announcement of rotating strikes came as the Canadian Union of Postal Workers continued negotiations on a new labour contract with the government-owned corporation, as the clock ticked down to the 11:59 EDT strike deadline.
The union gave its required 72-hour notice on Monday and will use volunteers in some provinces to deliver government assistance cheques.
The union plans to hold a news conference in Ottawa on Friday morning to discuss negotiations and strike activities.
Canada Post spokesman John Caines said the Crown corporation remains hopeful that the two sides will reach a negotiated settlement.
“We are committed to getting an agreement and we’re still working at it,” Caines said from Ottawa.
Kelly said while electronic payments, online banking and direct deposit provide alternatives for businesses, the absence of Canada Post’s parcel delivery service will be felt, especially in rural areas.
“If you’ve got an online business or if you use Canada Post to ship out your goods, private couriers are going to have capacity challenges and are going to be a heck of a lot more expensive and are probably just not going to work in fairly large cross sections of the country.”
Kelly also said a number of small businesses still rely on sending and receiving cheques through the mail.
“The business cheque is still a fairly affordable option for a lot of businesses.”
Meanwhile, courier companies were expecting business to pick up.
“I do have extra staff lined up,” said manager Jason Crown of Toronto-based Messengers International courier service.
Purolator said it will bring in extra staff if needed to ensure its customers get the same level of service, said Denis Roch, general manger of Purolator’s Quebec and Atlantic Canada division.
“Our main priority is to try to protect our existing customers.”
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.
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 Postal Union says strike will start in Winnipeg; small businesses scrambling
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Businesses and charities were looking for alternatives and preparing for cash crunches after the union representing Canada Post workers said it will begin a series of rotating strikes late Thursday night June 2, 2011, in Winnipeg.
“Undoubtedly, there will be a lot of money caught in the system when the strike occurs that will just be basically halted and will remain in the mail,” Dan Kelly of the Canadian Federation of Independent Business said.
“Cash flow issues to small businesses can be a pretty significant deal,” said Kelly, the organization’s senior vice-president.
Kelly estimated a postal strike will cost small businesses between $200 and $250 daily.
Both the Canadian Wildlife Federation and the Toronto-based Yonge Street Mission said they, along with other charities, will be seriously impacted by a postal strike.
The Yonge Street Mission said services it provides to Toronto’s poorest people are funded through donations received in the mail.
“The strike could cost the charity approximately $56,000 each week it continues,” Ann Barnard Ball, Mission development officer, said in a statement.
She said 70 per cent of the Yonge Street Mission’s funding comes through the mail, but she did note that nearly $500,000 was raised last year through online donations.
The Canadian Wildlife Federation said a significant portion of donations are received through direct mail campaigns but added that donations can still be made over the phone or online.
“The postal strike will impede CWF’s ability to communicate with many of its over 300,000 donors,” said executive vice-president Wade Luzny.
The announcement of rotating strikes came as the Canadian Union of Postal Workers continued negotiations on a new labour contract with the government-owned corporation, as the clock ticked down to the 11:59 EDT strike deadline.
The union gave its required 72-hour notice on Monday and will use volunteers in some provinces to deliver government assistance cheques.
The union plans to hold a news conference in Ottawa on Friday morning to discuss negotiations and strike activities.
Canada Post spokesman John Caines said the Crown corporation remains hopeful that the two sides will reach a negotiated settlement.
“We are committed to getting an agreement and we’re still working at it,” Caines said from Ottawa.
Kelly said while electronic payments, online banking and direct deposit provide alternatives for businesses, the absence of Canada Post’s parcel delivery service will be felt, especially in rural areas.
“If you’ve got an online business or if you use Canada Post to ship out your goods, private couriers are going to have capacity challenges and are going to be a heck of a lot more expensive and are probably just not going to work in fairly large cross sections of the country.”
Kelly also said a number of small businesses still rely on sending and receiving cheques through the mail.
“The business cheque is still a fairly affordable option for a lot of businesses.”
Meanwhile, courier companies were expecting business to pick up.
“I do have extra staff lined up,” said manager Jason Crown of Toronto-based Messengers International courier service.
Purolator said it will bring in extra staff if needed to ensure its customers get the same level of service, said Denis Roch, general manger of Purolator’s Quebec and Atlantic Canada division.
“Our main priority is to try to protect our existing customers.”
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.
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.
