VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Progress Energy Resources Corp. (TSX:PRQ) has struck a binding deal worth nearly $1.1 billion to form a strategic partnership with the Malaysian national oil company to develop the Canadian company’s B.C. natural gas assets.
The deal with Petronas, announced Thursday June 2, 2011, will help develop a portion of the Calgary company’s Montney shale assets in the foothills of northeast British Columbia.
In the agreement, Progress will sell 50 per cent of its working interest in its Altares, Lily and Kahta properties to Petronas for C$1.07 billion.
The agreement also gives both companies the option to develop liquefied natural gas export capacity in British Columbia.
Michael Culbert, president and CEO of Progress, called the deal “a breakthrough transaction” for the company.
“The partnership we are launching will enable us to accelerate our growth strategy,” Culbert said in a release before stock markets opened Thursday.
“We are very pleased to form this long-term partnership with Petronas. They share our belief that our North Montney shale assets are a world-class resource that deserves significant investment. We look forward to benefiting from Petronas’s significant global expertise including their leadership in developing infrastructure and accessing LNG markets.”
Under the terms of the framework deal, Petronas will pay 25 per cent of the pricetag — about $267.5 million — in cash and 75 per cent by assuming Progress’s share of future capital spending on the North Montney joint venture over the next five years to a total of $802.5 million.
The transaction provides Progress with the capital required to accelerate the development of its unconventional assets in the company’s large Montney land holdings.
In addition, Petronas and Progress will establish an LNG export joint venture that will be 80 per cent owned by the Malaysian company.
The LNG venture will study and evaluate building and operating a new LNG export terminal on the B.C. west coast that would be run by Petronas.
“Canada is poised to take a larger role on the world’s energy stage,” added Culbert.
“Developing new export options for Canadian natural gas producers is a logical step in connecting our vast resources with growing Asian demand for environmentally responsible energy sources like natural gas.”
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 Descartes Systems Group (TSX:DSG) had US$27.1 million in revenue in its first quarter, up 27 per cent from the same time last year, the logistics service company said Thursday June 2, 2011.
Net income, reported in U.S. currency, was $2.2 million, or three cents per diluted share. That was up from $200,000 or less than one cent per share in the year-earlier quarter.
Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) was $7.8 million, up 47 per cent from $5.3 million a year earlier.
On a per-share basis, adjusted EBITDA was 12 cents per diluted share — up 50 per cent from eight cents in the year-earlier quarter.
The bulk of revenue — $25.9 million or 96 per cent of the total — was from providing services used primarily by freight carriers to manage their business.
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 Bay Street stocks may edge up at open Thursday amid flat commodities prices and recent batch of corporate earnings reports that came in mostly encouraging. Also, value buying at lower levels as the main index fell sharply in the previous session on downbeat economic data from south of the border might help trader sentiment.
U.S. stock futures were pointing to a marginally higher open amid weekly jobless claims data.
On Wednesday, the S&P/TSX Composite Index plummeted 274.99 points or 1.99 percent to 13,527.88.
The price of crude oil was flat as traders await cues from the official inventories data due out later during the session. Analysts expect crude oil inventories to dip by 1.90 million barrels, while gasoline stocks are seen adding 1.20 million barrels last week. Crude for July inched up $0.01 to $100.30 a barrel.
The price of gold was little changed near $1,540 as the U.S. dollar turned weak after a slew of downbeat economic data. Gold for August edged down $2.70 to $1,540.50 an ounce.
In corporate news from Bay Street, Canadian Western Bank (CWB.TO) said its second-quarter net income increased 17 percent to C$44.44 million or C$0.53 per share from C$37.88 million or C$0.48 per share last year.
Gold miner Barrick Gold (ABX.TO) and its wholly-owned subsidiary, Barrick Canada Inc. said that about 729 million commons shares of Equinox Minerals (EQN.TO) have been deposited to the offer made by Barrick to acquire all the shares of Equinox at C$8.15 per share.
Network and logistics technology solutions provider Descartes Systems (DSG.TO) reported higher first quarter net income of $2.15 million or $0.03 per share, compared to $0.19 million or breakeven per share last year. Analysts were expecting the company to report earnings of $0.12 per share for the quarter.
Real estate developer Melcor Developments (MRD.TO) reported lower first quarter net income of C$3.94 million or C$0.13 per basic share compared to C$6.90 million or C$0.23 per basic share in the year ago quarter.
Aerospace industry components supplier Magellan Aerospace (MAL.TO) reported nearly a two-fold jump in its first quarter net income at C$7.22 million or C$0.14 per share from C$3.79 million or C$0.07 per share in the prior year.
Industrial wood products company Stella-Jones (SJ.TO) reported a much improved first quarter net of $8.5 million compared to $5.8 million a year ago.
Asset management company Sprott Inc. (SII.TO) reported a 64 percent jump in its first quarter net income at $10.60 million or $0.07 per share, compared to $6.4 million or $0.04 per share a year ago.
In economic news from south of the border, the U.S. Labor Department said that initial jobless claims fell to 422,000 from the previous week’s revised figure of 428,000. Economists had been expecting jobless claims to edge down to 420,000 from the 424,000 originally reported for the previous week.
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 with traders reluctant to make any significant moves ahead of Friday’s monthly employment report, stocks are turning in a lackluster performance in early trading on Thursday after falling sharply in the previous session.
The major averages are currently mixed, with the tech-heavy Nasdaq posting a modest gain. While the Nasdaq is up 6.79 points or 0.3 percent at 2,775.98, the Dow is down 17.90 points or 0.2 percent at 12,272.24 and the S&P 500 is down 0.78 points or 0.1 percent at 1,313.77.
The choppy trading on Wall Street comes as traders have shrugged off a Labor Department report showing a modest decrease in initial jobless claims, as claims remain at an elevated level. The data has added to the uneasiness ahead of the more closely watched monthly report.
The report showed that initial jobless claims fell to 422,000 from the previous week’s revised figure of 428,000. Economists had been expecting jobless claims to edge down to 420,000 from the 424,000 originally reported for the previous week.
A separate Labor Department said that labor productivity in the first quarter was upwardly revised to show an increase of 1.8 percent compared to the 1.6 percent increase that had been reported. Economists had expected the increase in productivity to be upwardly revised to 1.7 percent.
Most of the major sectors are showing only modest moves in early trading, although notable strength has emerged among oil service. The Philadelphia Oil Service Index is up by 1.3 percent amid a modest increase by the price of crude oil.
Transportation, networking, and biotechnology stocks have also moved to the upside, although buying interest remains subdued. On the other hand, retail and tobacco stocks have come under pressure.
Among individual stocks, shares of Joy Global (JOYG) seeing early strength after the mining equipment maker reported second quarter earnings that rose to $1.52 per share, exceeding analyst estimates for earnings of $1.35 per share.
Joy Global also reported better than expected revenues for the quarter and raised its full year earnings and revenue guidance.
Meanwhile, Copart (CPRT) is posting a notable loss after reporting first quarter earnings of $0.71 per share, higher than $0.52 per share last year. The company also said its revenues rose 7.4 percent to $236.8 million. Analysts had expected earnings of $0.70 per share on revenues of $241.56 million.
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 Western (TSX:CWB) profit up on loan growth, investment income, lower provisions
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Canadian Western Bank (TSX:CWB) is increasing its dividend amid strong results and improving credit conditions, the Edmonton-based company announced Thursday June 2, 2011.
The dividend will rise to 14 cents per common share, payable on June 30, an eight per cent increase from the previous quarter and 27 per cent higher than the dividend declared one year earlier.
CWB also reported it had $44.4 million of net income in its fiscal second quarter, a 17 per cent increase from the year-earlier period.
The Edmonton-based bank attributed the increase to a combination of loan growth, higher investment income and lower provisions for credit losses.
Earnings per diluted share rose to 53 cents from 47 cents.
Revenue increased by 10 per cent to $121.8 million in the three months ended April 30, from $111 million in the second quarter of fiscal 2010.
“Overall credit quality continued to improve and we expect this positive trend will be maintained as the economy strengthens further,” said Larry Pollock, Canadian Western’s president and CEO.
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 Western (TSX:CWB) profit up on loan growth, investment income, lower provisions
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Canadian Western Bank (TSX:CWB) is increasing its dividend amid strong results and improving credit conditions, the Edmonton-based company announced Thursday June 2, 2011.
The dividend will rise to 14 cents per common share, payable on June 30, an eight per cent increase from the previous quarter and 27 per cent higher than the dividend declared one year earlier.
CWB also reported it had $44.4 million of net income in its fiscal second quarter, a 17 per cent increase from the year-earlier period.
The Edmonton-based bank attributed the increase to a combination of loan growth, higher investment income and lower provisions for credit losses.
Earnings per diluted share rose to 53 cents from 47 cents.
Revenue increased by 10 per cent to $121.8 million in the three months ended April 30, from $111 million in the second quarter of fiscal 2010.
“Overall credit quality continued to improve and we expect this positive trend will be maintained as the economy strengthens further,” said Larry Pollock, Canadian Western’s president and CEO.
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 Western (TSX:CWB) profit up on loan growth, investment income, lower provisions
VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Canadian Western Bank (TSX:CWB) is increasing its dividend amid strong results and improving credit conditions, the Edmonton-based company announced Thursday June 2, 2011.
The dividend will rise to 14 cents per common share, payable on June 30, an eight per cent increase from the previous quarter and 27 per cent higher than the dividend declared one year earlier.
CWB also reported it had $44.4 million of net income in its fiscal second quarter, a 17 per cent increase from the year-earlier period.
The Edmonton-based bank attributed the increase to a combination of loan growth, higher investment income and lower provisions for credit losses.
Earnings per diluted share rose to 53 cents from 47 cents.
Revenue increased by 10 per cent to $121.8 million in the three months ended April 30, from $111 million in the second quarter of fiscal 2010.
“Overall credit quality continued to improve and we expect this positive trend will be maintained as the economy strengthens further,” said Larry Pollock, Canadian Western’s president and CEO.
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 1, 2011) Dominion Lending Centres Clearlease Reports The Toronto stock market tumbled almost two per cent as a selloff across all sectors was triggered by further evidence that the U.S. economy is faltering.
The S&P /TSX composite index fell 275 points to 13,527.88 amid big disappointments on the U.S. employment and manufacturing fronts and the TSX Venture Exchange dropped 27.05 points to 2,067.42.
Bad news from Canada’s largest trading partner and lower oil prices pushed the Canadian dollar down 0.75 of a cent to 102.49 cents US.
New York markets also retreated with the Dow Jones industrial average plunging 279.65 points to 12,290.14.
The Nasdaq composite index was 66.11 points lower to 2,769.19 while the S&P 500 index lost 30.65 points to 1,314.55.
“It looks like this recovery has hit its second ‘soft patch’, which for a recovery that is less than two years old is troubling,” said Paul Ashworth, chief U.S. economist for Capital Economics.
Private payrolls firm ADP said that the U.S. private sector created only 38,000 jobs during May. That was far less than analyst estimates of about 175,000 new jobs in the United States, about the same reading as April.
The ADP data came out two days before the release of the U.S. government’s non-farm payrolls report for May.
Economists had expected that U.S. government data Friday will show that around 200,000 jobs were added during May, slightly down on April’s 244,000 increase. But some analysts were revising that figure sharply lower in light of the ADP report.
“This is a very weak result, and puts substantial downside risk to Friday’s non-farm figure,” said BMO Capital Markets senior economist Jennifer Lee.
The latest reading on the health of the U.S. manufacturing sector also surprised traders. The Institute for Supply Management’s manufacturing index dropped to 53.5 in May from the previous month’s 60.4 reading, much lower than the 57 reading that economists had expected.
But Allan Small, senior investment adviser with Dundee Wealth, said that he thinks the environment isn’t as bad as the recent data suggest.
“Obviously the Japanese tsunami and the shutdown of Japan during March and April has weighed in on the ADP numbers that came out and also the ISM numbers.”
The massive earthquake and tsunami that struck Japan on March 11 caused huge cuts in industrial production and disrupted the global supply chain, partly because of severe power shortages.
The energy sector was down 2.88 per cent as oil prices further weakened following the release of the U.S. data. The July contract on the New York Mercantile Exchange dropped $2.41 to US$100.29 a barrel. Canadian Natural Resources (TSX:CNQ) dropped $1.69 to C$40.48 while Cenovus Energy (TSX:CVE) dropped $1.59 to $34.21.
The metals and mining sector was down 2.48 per cent after data showed China’s manufacturing sector easing in April. The state-affiliated China Federation of Logistics and Purchasing reported that its purchasing managers index, or PMI, fell to 52.9 in April, down from 53.4 in March.
Signs of a weaker Chinese economy helped push the July copper contract down seven cents to US$4.11 a pound. China is the world’s biggest consumer of copper. Teck Resources (TSX:TCK.B) dropped $1.88 to C$48.94 and Lundin Mining (TSX:LUN) lost 15 cents to $7.05.
The financial sector was also a major weight, down 2.48 per cent after two of the big Canadian banks were downgraded.
RBC Capital Markets analyst Andre-Phillipe Hardy has cut his ratings for both CIBC (TSX:CM) and National Bank (TSX:NA) to sector perform from outperform. He cited long-range expectations that revenue growth will decelerate in Canada, improve in the United States, and be stronger overall in emerging markets than in North America.
CIBC gave back $2.77 to $77.54 while National Bank fell $1.92 to $79.03.
Intact Financial Corp. (TSX:IFC) shares gained $4.85 to $54.62 after it announced Tuesday that it is buying insurer AXA Canada for $2.6 billion in cash.
The gold sector also gave up ground even as the August gold contract in New York moved ahead $6.40 to US$1,543.20 an ounce. Barrick Gold Corp. (TSX:ABX) faded 34 cents to C$46.05.
Further evidence that the U.S. recovery is slowing down and Europe’s debt crisis, particularly whether Greece will get more emergency loans, have dominated market attention over recent weeks and left the TSX down about 140 points during May trading.
Worries about a Greek default were on traders’ minds Wednesday afternoon after Moody’s Investors Service cut Greece’s sovereign rating to Caa1 from B1 and assigned a negative outlook to the ratings.
The agency cited increased risk that Greece will fail to stabilize its debt position, without a debt restructuring.
One bright spot on the TSX was Bombardier Inc. (TSX:BBD.B). The transportation giant reported its first-quarter profits rose to US$220 million while revenues rose to $4.7 billion. Shares in the train and aircraft maker ran ahead 20 cents to $6.95 as the company also announced a firm order for 10 of its CSeries aircraft, with a list price of US$665 million, from a Swedish leasing company.
In other corporate news, clothing retailer Reitmans (Canada) Ltd. (TSX:RET.A) earned $624,000 or a penny per share in the quarter ended April 30. That compared with a profit of $15.8 million or 23 cents per share a year ago. Sales in the quarter slipped to $219.3 million from $235.7 million, while same store sales fell 8.7 per cent due to increased discounts and promotions. Reitmans shares fell $1.28 to $16.47.
Chorus Aviation Inc. (TSX:CHR.B), the Halifax airline formerly known as Jazz Air, said Tuesday its net profits fell to $14.7 million or 12 cents a share for the three months ended March 31. That compared with earnings of $16.4 million a year earlier. Operating revenues rose nearly 25 per cent to $443 million from $355.4 million and its shares climbed 33 cents to $5.16.
The Peruvian government has decided to suspend an environmental assessment at Bear Creek Mining’s (TSXV:BCM) Santa Ana property for 12 months to allow the political situation in the region to stabilize, the junior miner announced Wednesday. Its shares gained 34 cents to $6.40.
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 1, 2011) Dominion Lending Centres Clearlease Reports Wednesday June 1, 2011 that the Obama administration says the government will lose less than 20 per cent of the $80 billion used to bail out the U.S. automobile industry.
In a report released Wednesday, the president’s National Economic Council says the losses are less than the administration originally expected. The report says the Treasury Department first thought the government would lose about 60 per cent of the taxpayer funds.
The White House is touting the revitalization of the U.S. auto industry amid news that Chrysler is repaying its $5.9 billion in U.S. loans and a $1.7 billion loan from the Canadian government.
Obama will visit a Chrysler plant in Ohio Friday to tout highlight the company’s success. The administration says the auto bailout saved the industry from the brink of disaster.
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 1, 2011) Dominion Lending Centres Clearlease Reports The chief executive of Agrium Inc. (TSX:AGU) said Wednesday June 1, 2011 that there are good macroeconomic conditions across the agricultural sector, providing the Calgary-based fertilizer, chemical and seed company with more growth opportunities.
“You don’t just have wheat or corn (doing well). It’s wheat, corn, soybean, cotton, palm oil — you name it. they’re all up high,” CEO Mike Wilson said Wednesday at an industry conference.
He said Agrium is in a unique position because of its diversity.
The company has both wholesale and retail operations, a geographically dispersed business around the world and provides farmers with products for a wide variety of crops.
“We’re on just about every crop you can think of,” Wilson said. “We manage strawberries, we manage lettuce, obviously all the major crops, sugar cane, palm oil . . . bananas.”
“And by having that diversity, we’re not reliant on one crop.”
Wilson said Agrium, which has its base in North America and has expanded into South America and Australia through acquisitions, is looking at Central Europe as an area that’s ripe for expansion over the coming years.
“We just bought CerealToscana . . . and what that’s done is position and strengthen our European position, mainly in Italy, but we you see us now starting to move into Central Europe,” Wilson said.
“We’re in Bulgaria, we’re in Romania and we’re looking at Central Europe because we think that’s the place we want to be in five to 10 years. There’s a lot of growth opportunity. They’re not applying the appropriate amount of nutrients, they’re not using the latest technology on seed and chemistry.”
He described the North American spring planting season, which has been plagued by wet weather including flooding in Manitoba, as “very interesting.”
“April was terrible, one of the latest starts we’ve seen in history from a farmer point of view,” Wilson said.
“In May, it turned right around. May has been an incredible month. We can’t keep up to the demand.”
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 1, 2011) Dominion Lending Centres Clearlease Reports Shareholders of CI Financial Corp. have formally renewed a poison-pill plan opposed by major shareholder Scotiabank.
The shareholder rights plan will now stay in place until 2014 after being renewed at a meeting at CI Financial’s offices Wednesday.
It’s the latest victory for mutual fund company CI (TSX:CI) in its battle against Scotiabank, which owns about a third of the company.
Last week, the Ontario Securities Commission ruled in CI’s favour, preventing Scotiabank from casting votes at the meeting.
CI Financial had been worried that Scotiabank would vote to get rid of provisions that prevent a “creeping takeover,” where someone would take control of the company by gradually buying additional shares.
The bank had originally voted in favour of the poison-pill plan when it was first adopted but later said it wanted a plan that was less restrictive.
CI announced last week that it already had enough advance votes in favour of renewing the plan — guaranteeing that it would pass at a meeting Wednesday.
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 1, 2011) Dominion Lending Centres Clearlease Reports General Motors’ U.S. (NYSE: GM) sales fell 1.2 per cent in May 2011 as it offered fewer deals to customers.
The largest U.S. car company says it sold just over 221,000 vehicles last month, led by smaller, more fuel-efficient models.
GM blamed the drop mainly on a decision to cut sales to rental car companies by 16 per cent compared with a year earlier.
While sales to individual buyers rose 9 per cent, the company did cut back on rebates and other incentives.
Sales were led by the new Chevrolet Cruze compact and Chevrolet Equinox crossover vehicle.
GM is the first major car company to report U.S. sales on Wednesday June 1, 2011. Industry analysts expect overall U.S. sales to fall 4 per cent from May 2010.
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.
