National Equipment Leasing Co. Hiring 20 Lease Finance Professionals
VANCOUVER, BRITISH COLUMBIA, (June 1, 2011) – Dominion Lending Centres Clearlease announces this exciting growth opportunity is ideal for the individual who enjoys an entrepreneurial attitude and wants no limits on the amount of income that can be earned. If you are a creative individual, self-starter, and desire the opportunity to advance to a sales management position, then this could be the opportunity you’ve been looking for. Our compensation plan is extremely generous with no cap on income – it is simply based on the profitable business you bring in.
We are a fast-growing, independent equipment leasing company with an exceptional reputation and secure and varied funding sources. We typically write transactions from $2,000 to $500,000. We are vendor-oriented, with most of our business coming from the office equipment and computer marketplace, but we welcome those individuals who have a following in other industries such as printing, machinery, communications, etc.Current Employment Opportunities Available in Leasing:
At Dominion Lending Centres Clearlease, we offer an environment that allows our team members to be creative, independent thinkers, and contribute directly to the growth of the Company. We work extremely hard, but believe it is important for work to be fun and fulfilling, too.
If you are looking to be part of a great team of people and build a successful career with a fast-growing entrepreneurial organization, then Dominion Lending Centres Clearlease could be the right place for you.
Dominion Lending Centres Clearlease Commercial (Dominion Lending Centres Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. Dominion Lending Centres Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact Dominion Lending Centres Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two,
Suite 900, 555 Burrard
Street, Vancouver, BC, V7X 1M8, CANADA. Contact: : Mr. Pidgeon,
Tel: (604) 277-2100
VANCOUVER, BC (June 1, 2011) Dominion Lending Centres Clearlease Reports The Canadian dollar was slightly lower Wednesday June 1, 2011 amid lower oil prices and downbeat employment news from the U.S., Canada’s largest trading partner.
The loonie was down 0.07 of a cent to 103.17 cents US.
The Canadian currency had been higher prior to the release of data from payroll firm ADP showing that the U.S. private sector created only 38,000 jobs during April. That was far less than analyst estimates which called for about 175,000 new jobs, about the same reading as April.
The data came out two days before the release of the U.S. government’s non-farm payrolls report for May.
Economists expected that Friday’s government data will show that around 200,000 jobs were added during May, slightly down on April’s 244,000 increase.
Oil prices further weakened following the release of the ADP data after a weak U.S. dollar pushed crude up more than US$2 on Tuesday. The July contract on the New York Mercantile Exchange dipped 66 cents to US$102.04 a barrel.
Precious metal prices were slightly higher the August gold contract in New York ahead 60 cents to US$1,536.50 an ounce.
Base metals were lower 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. The July copper contract slipped four cents to US$4.14 a pound. China is the world’s biggest consumer of copper.
Investors also looked to important U.S. manufacturing data which will be released later in the morning.
Traders looked to see the Institute for Supply Management’s May manufacturing index to drop to around 57 from the previous month’s 60.4, providing further evidence that the U.S. recovery is slowing down.
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 Toyota recalled 106,000 first-generation Prius hybrid cars globally on Wednesday June 1, 2011 for faulty steering caused by a nut that may come loose.
The single minor accident suspected of being related to the problem was reported in the U.S., according to Toyota Motor Corp.
The latest recall from Toyota, which has taken hit to its reputation from massive recalls worldwide, affects 48,000 Prius vehicles in Japan, starting with the first Prius models that went on sale in 1997, and those manufactured through 2003.
It also affects 58,000 vehicles sold abroad, including 52,000 Prius cars sold from 2001 through 2003 in the U.S., some 1,200 in Great Britain, and 800 in Germany, company spokesman Paul Nolasco said.
Toyota says loose nuts in the electric-power steering can cause the vehicle, if operated over a long time, to steer with too much force.
The problem can be fixed by putting in better nuts and will take about four hours, it said.
In Japan, Toyota also recalled 21,600 iQ small-cars for braking problems, caused by a valve that became faulty during manufacturing, possibly causing braking power to decline.
Twenty-one complaints were received that may be caused by the problem, but there were no accidents, the automaker said.
In the U.S. and Canada, Toyota recalled 34 Venza and 16 Sienna 2011 model vehicles to replace an insufficiently treated driveshaft. The driveshaft could break, causing the vehicle to stall, according to Toyota.
Over the last two years, Toyota has announced massive recalls ballooning to more than 14 million vehicles.
Its once sterling reputation has come under scrutiny. It faces damage lawsuits and lingering doubts in the U.S. on whether it had been transparent enough about the recall woes.
Toyota has been trying to communicate better with customers and empower regions outside Japan to make safety decisions.
U.S. government testing has indicated the problems of runaway cars weren’t caused by electronics or software, but most likely by ill-fitting floor mats or driver error.
Toyota faces a new problem since the March 11 earthquake and tsunami in Japan destroyed key parts suppliers.
The maker of the Lexus luxury car and Camry sedan said Tuesday it expects to be back to 90 per cent of pre-disaster production in Japan in June, faster than initially expected.
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 June 1, 2011,
The Toronto stock market appeared headed for a flat open Wednesday as oil prices backed off in the wake of disappointing U.S. employment data.
The TSX could find some lift from the industrials sector after transportation giant Bombardier Inc. (TSX:BBD.B) beat expectations. First-quarter profits rose to US$220 million while revenues increased nine per cent. The company, which reports in U.S. dollars, said net income came in at 12 cents per share, two cents better than analyst forecasts.
The Canadian dollar continued to move higher, up 0.02 of a cent to 103.26 cents US. The currency surged almost a cent Tuesday after the Bank of Canada signalled that higher interest rates are on the way, perhaps as early as late summer.
U.S. futures were lower after the May survey from the private payrolls firm ADP showed that the private sector created only 38,000 jobs during April. That was far less than analyst estimates which called for about 175,000 new jobs, about the same reading as April.
The data came out two days before the release of the U.S. government’s non-farm payrolls report for May.
Economists expected that Friday’s government data will show that around 200,000 jobs were added during May, slightly down on April’s 244,000 increase.
The Dow Jones industrial futures moved down 41 points to 12,517, the Nasdaq futures eased 9.2 points to 2,362.5 while the S&P 500 futures were off 4.7 points to 1,339.2.
Oil prices further weakened following the release of the ADP data after a weak U.S. dollar pushed crude up more than US$2 on Tuesday. The July contract on the New York Mercantile Exchange dipped 29 cents to US$102.41 a barrel.
Precious metal prices weakened with the August gold contract in New York down $1.30 to US$1,534.60 an ounce.
Base metals were lower 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. The July copper contract slipped three cents to US$4.15 a pound. China is the world’s biggest consumer of copper.
Investors also looked to important manufacturing data which will be released later in the morning.
Traders looked to see the Institute for Supply Management’s May manufacturing index to drop to around 57 from the previous month’s 60.4, providing further evidence that the U.S. recovery is slowing down.
Concerns over the U.S. economic recovery and Europe’s debt crisis, particularly whether Greece will get more emergency loans, have dominated market attention over recent weeks.
Earlier in Asia, Japan’s Nikkei 225 rose 0.3 per cent after Bank of Japan Governor Masaaki Shirakawa said in a speech that supply and electricity disruptions caused by the March 11 earthquake and tsunami were easing. The economy could stage a moderate recovery starting in the second half of fiscal 2011, he said.
Elsewhere, South Korea’s Kospi index slipped less than 0.1 per cent, Hong Kong’s Hang Seng index drifted 0.2 per cent lower while mainland China’s Shanghai Composite Index dropped 0.3 per cent. London’s FTSE 100 index drifted 0.19 per cent lower, Frankfurt’s DAX was down 0.16 per cent and the Paris CAC 40 was off 0.05 per cent.
In other earnings news, clothing retailer Reitmans (Canada) Ltd. (TSX:RET) 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.
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.
Elsewhere on the corporate front, investors will be looking to Intact Financial Corp. (TSX:IFC), which announced Tuesday that it is buying insurer AXA Canada for $2.6 billion in cash. Intact shares were halted late in the session and last traded at $49.77, down 40 cents from Monday.
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 June 1, 2011,
Bombardier Inc. (TSX:BBD.B) delivered a better-than-expected financial report Wednesday and announced a new order for its CSeries jets Wednesday ahead of its annual shareholders meeting.
The Montreal-based company announced a firm order for 10 of its CSeries commercial aircraft, with a list price of US$665 million, from a Swedish leasing company. The order to be worth double that if all options are exercised.
Bombardier, which reports in U.S. dollars, also said early Wednesday that its net income for the first quarter was $220 million, or 12 cents per share, which was above analyst expectations of 10 cents per share..
Revenues lifted to $4.7 billion, which was stronger than expectations according to a poll by Thomson Reuters, and above $4.3 billion a year ago.
“Bombardier Aerospace has started to benefit from a stronger business aircraft market, especially at the high end,” said president and CEO Pierre Beaudoin in a release.
RBC Dominion analyst Walter Spracklin wrote Wednesday that Bombardier Aerospace’s margin was 6.4 per cent, which was higher than RBC’s estimate of the 4.7 per cent.
“Although we note that the variance was partially attributable to a favourable mix of business aircraft deliveries, we believe prior efficiency initiatives are leading to operating leverage gains as volumes pick up,” Spracklin wrote.
Bombardier booked 77 business jet net orders, up from six a year earlier.
“Our commercial aircraft segment, although slower to recover, is seeing an improved level of interest from customers.”
Commercial aircraft deliveries rose to 23 from 16 a year earlier. However, its commercial orders for the quarter totalled a mere five aircraft.
The commercial aerospace business has recently been affected by slow orders for regional jets and Q400s.
Observers have been eagerly awaiting another order for the CSeries, and are looking forward to the Paris Air Show.
Bombardier also has added to its order book with the agreement with Braathens Leasing Ltd, a member of Braathens Aviation of Sweden.
Braathens has placed firm orders for five CSeries 100 and five CSeries 300 jet lines and taken options on an additional 10 CSeries jets. If all the options are exercised, the Swedish order would have a list price of US$1.37 billion.
With the Braathens deal, Bombardier has firm orders for 100 CSeries planes — 38 CS100s and 62 CS300s, and raises the number of customers to four, including Republic Airways, Deutsche Lufthansa and Lease Corporation International.
Bombardier held its market share for business jet deliveries in the quarter according to the General Aviation Manufacturers Association as emerging markets helped demand.
Fundamentals for this key part of Bombardier’s business are continuing to improve. Aircraft use is up and the number of used planes is decreasing.
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 June 1, 2011,
Yellow Media Inc. (TSX:YLO) said Tuesday May that the $745-million sale of its Trader Corp. auto advertising unit is going ahead as planned to help reduce its red ink.
“The proceeds from the sale will be largely used to reduce indebtedness and for general corporate purposes,” Yellow Media said in a statement.
“While it is Yellow Media Inc.’s policy not to comment on market rumours or speculation, the company is today confirming that the transaction is proceeding as planned and in accordance with the terms of the definitive agreement,” Yellow Media said.
The company announced the sale of Trader Corp. to a group of investors led by Apax Partners in late March.
The Montreal-based publisher of Yellow Pages online and print directories also said it will keep its current dividend payment at the annual equivalent of 65 cents a share.
Yellow Media issued a news release after a request by the Investment Industry Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange. The regulator asked the company to respond to market speculation about the company’s dividend policy and the state of the Apax deal.
“The company believes that the current trading price of its shares does not adequately reflect business fundamentals and future prospects of the business.”
National Bank Financial analyst Adam Shine said that Yellow Media’s shares have gone to new record lows in recent days, but doesn’t see a credit default risk. At the end of March, Yellow Media’s net debt was about $2.9 billion, he wrote in a research note to clients.
Shine said that even though Yellow Media is transitioning to a digital company, its success isn’t assured.
“As for the online world, a multitude of competitors abound, with increasing innovation from the likes of Groupon and Facebook as well as Google which has increased its employee base in Canada and become more vocal about connecting with small and medium-sized enterprises with its recent campaign to offer at least 100,000 free websites in 2011,” he wrote.
On its dividend policy, Yellow Media said it will continue to pay a cash dividend of 65 cents a common share and has a stated dividend policy to pay out between 60 per cent and 70 per cent of adjusted earnings per share.
“The dividend policy is reviewed periodically by the board of directors of Yellow Media Inc. taking into account a number of factors including, among others, the current and prospective performance of the business.
Shine questioned whether Yellow Media can sustain its current dividend, noting there could be further declines in the company’s stock.
“That said, one must also wonder if a yield which now sits at nearly 17 per cent is sustainable in the context of YLO eventually opting to possibly cut its dividend and divert cash flows to further debt reduction.”
Yellow Media owns Yellow Pages Group and Canpages, which operate Yellow Pages directories, YellowPages.ca, Canada411.ca, RedFlagDeals.com and other websites.
On the TSX, Yellow Media shares fell five cents to close at $3.78, a drop of 1.3 per cent in trading of more than 9.5 million shares.
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 June 1, 2011, Regulators approved Wal-Mart’s 17 billion rand (C$2.4 billion) bid to buy a controlling share of a South African chain in a ruling Tuesday that followed a fierce debate over protectionism in the country with the continent’s most promising economy.
Unions and government officials are worried the arrival of the world’s biggest retailer will hurt jobs and local manufacturing. In its ruling, the Competition Tribunal, the government agency charged with promoting competition and protecting consumers, said Wal-Mart and South African retailer Massmart could not lay off any workers for two years, must respect Massmart’s existing labour agreements for three years and must invest in training South African suppliers.
Wal-Mart and Massmart had already agreed to take the steps regarding layoffs and union agreements. They also pledged to spend 100 million rand (about $14 million) over the next three years to help farmers and other South African suppliers gear up to do business with Wal-Mart.
The Congress of South African Trade Unions, a key ally of the governing African National Congress, called the tribunal’s approval “almost unconditional” and said Tuesday that its leaders will meet in late June to plan a campaign of marches, demonstrations, pickets and stay-aways to try to keep Wal-Mart out.
The tribunal said Wal-Mart was likely to bring lower prices and “benefit consumers by strengthening rivalry and improving choice.”
It said some losers were inevitable among South African retailers and producers as a result of the decision, but that it chose a path it hoped would make South Africans more competitive.
Arkansas-based Wal-Mart operates in Europe, Asia and across the Americas. Its interest in coming to Africa for the first time has been seen as a vote of confidence not just in South Africa’s economy, but in the continent’s potential.
Wal-Mart CEO and president Doug McMillon said after Tuesday’s ruling he expected the transaction to be completed in a few weeks, and that Wal-Mart would help Massmart with a planned expansion he said would create 2,000 to 3,0000 jobs over the next few years.
Grant Pattison, the Massmart CEO who will continue in that role with the merged company, said shoppers would not see immediate changes in stores that will retain their South African names, but that new products and lower prices would steadily be introduced.
The unions and the government departments of trade, agriculture and economic development had argued Wal-Mart would flood South Africa with cheap foreign goods, forcing other retailers to do the same and putting local manufacturers out of business. They also argued during a week of public hearings before the tribunal earlier this month that Wal-Mart was anti-union, and that that would lead to lower wages and fewer jobs.
Wal-Mart and Massmart say their critics’ case relied less on evidence than fear. Wal-Mart fought for the deal before the tribunal and before the public, setting up a South African website to make its case.
Seeraj Mohamed, director of an economic research unit at Johannesburg’s University of the Witwatersrand, was unconvinced.
“Once Wal-Mart enters your economic system, it’s like having a really strong and virulent weed or fish,” he said in an interview. “They come in and totally change the environment, and other species die out.”
But John Luiz, director of international programs at the university’s business school, said South Africans should see the arrival of Wal-Mart as an opportunity to become part of the international supply chain.
“It is now up to the suppliers to show their worth and to take advantage of this opportunity which they would not have had without the Wal-Mart entry,” Luiz said, adding the Wal-Mart also would have to prove it isn’t anti-labour.
Opponents had wanted Wal-Mart and Massmart to be forced to buy a certain percentage of goods locally, a condition the companies argued violated world trade agreements and was not guaranteed to be an efficient or effective way to safeguard jobs.
The deal was overwhelmingly approved in January by Massmart shareholders. Those include South Africa’s government-owned Public Investment Corp., which invests on behalf of civil service pension funds, and Scotland’s Aberdeen Asset Management. Massmart workers, most of whom are black, also have a stake through a trust set up as part of a South African campaign to help those denied economic opportunities under apartheid.
Wal-Mart has 8,692 stores in 15 countries, among them Brazil, China and India.
South Africa’s Massmart operates in more than a dozen African countries, so buying in means Wal-Mart will have access to more than just 50 million South African consumers.
Africa’s middle class is growing, but many on the continent still struggle. Massmart strategies include extending short-term store credit to hawkers. Some of the micro-entrepreneurs who stock their stalls with fruit, candy and other goods from outlets of Makro, Massmart’s big box chain, have grown into small businesspeople.
Companies like Ford and Disney are expanding business in South Africa, seen as both a gateway to the rest of the continent and an important market in its own right despite high rates of poverty and unemployment.
Deputy President Kgalema Motlanthe, speaking at an economic development conference this week, insisted South Africa was open for business, and expressed concern that current levels of private investment were too low to sustain growth. South Africa’s economy grew by 4.8 per cent in the first quarter of 2011, the government announced Tuesday, marking a slow but steady recovery from the global recession.
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 June 1, 2011,
Fledgling Industry Minister Christian Paradis gave little or no hint of the federal government’s plans for the turbulent telecommunications industry Tuesday, as he made his debut speech at an industry conference.
Delegates at the Canadian Telecom Summit had earlier heard executives from Rogers Communications Inc. (TSX:RCI.B), Bell (TSX:BCE) and some smaller players muse about their hopes for looming changes in the industry.
Ottawa has hinted it will change foreign ownership rules, auction off access to radio waves used for wireless business and launch a new digital strategy to roll out high-quality Internet access across the country.
But Paradis said he needs more time to get settled into his new role before making any specific pronouncements. He also gave no indication when more details might be forthcoming.
“I can’t provide you with a day (but) this is a priority for our government,” he told reporters after his speech.
“I will just say stay tuned.”
Earlier, Rogers and Bell — who face growing competition from smaller wireless players such as Wind Mobile and Public Mobile — argued that the government’s actions must put all companies on an equal footing and not favour smaller upstarts.
“It does come back down to a level playing field and we think that’s the way to go and that’s what’s going to produce the best outcomes for the industry,” Rogers wireless president Rob Bruce said in an interview after his keynote speech at the conference.
“That means if foreign ownership gets implemented, it gets implemented equally, whether it’s for new entrants or whether it’s for incumbents.”
Bruce’s view was echoed by Bell’s Jonathan Daniels, vice-president of regulatory law, who also said the next auction of radio waves — on which wireless networks operate — must be fair and not include provisions that would give advantages to smaller wireless carriers.
“It is the largest players that are most likely to roll out broadband to rural areas… and the ability for them to do that, if they are limited (in the auction) and not able to compete, is going to actually affect Canadians,” Daniels said.
“The consequence of that is going to be less rollout in rural areas.”
But Ron Styles, president of regional provider Sasktel, countered that excellent high-speed Internet access will only be rolled out to every corner of the country if the government “establishes a legal and regulatory environment” that would require it.
“Make no mistake, there’s little to no margin in providing rural broadband — competition will not deliver broadband to rural areas, to reserves, or to remote northern areas in Canada,” Styles said.
“If we had to wait for a business case to justify ubiquitous rural electrification, large swaths of this country would still be in the dark.”
John Maduri of Xplornet Communications, a Woodstock, N.B.-based company that bills itself as Canada’s leading rural Internet provider, is calling on the government to ensure that rural initiatives are given some consideration during the spectrum auction.
“Our request of Industry Canada… is that they unbundle (some) urban and rural, and to be very clear, we’re not asking for that to be done across all of the 700 MHz or 2.5 GHz (range) but at least for one or two tranches that allow us to get in the game on these critical elements of spectrum.”
Bruce expects the auction will be held in late 2012 or early 2013 and would like even more spectrum made available.
“We expect with the terrific growth that we’re seeing in smartphones and the success of wireless data, that as an industry we’re going to need more wireless spectrum to continue to do a great job for customers,” he said, noting that 45 per cent of Rogers customers are now using BlackBerry , iPhone or Android smartphones.
Telecom insiders were eagerly awaiting Paradis’ speech and hoped to hear some hints about its future plans.
In October 2009, the CRTC said that Wind’s parent company Globalive didn’t meet Canadian ownership and control requirements to operate as a telecommunications carrier.
Egyptian telecom company Orascom owns 65 per cent of Globalive and holds the majority of its debt, a structure accepted by Industry Canada when Wind Mobile’s license was originally granted, but the sticking point for the CRTC when ruling it wasn’t Canadian.
Rival wireless company Public Mobile took the issue of telecom ownership rules involving Wind Mobile to the courts. In February, the Federal Court of Canada quashed then Industry Minister Tony Clement’s order-in-cabinet to overrule the CRTC.
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 May 31, 2011 Intact Financial Corp. (TSX:IFC) has agreed to buy the Canadian insurance operations of the Paris-based AXA Group for $2.6 billion.
Intact says the acquisition of AXA Canada — the sixth-largest home, auto and business insurer in Canada — will boost the value of its direct premiums in Canada by $2 billion to more than $6.5 billion.
Intact Financial, which changed its name from ING Canada when it went public in 2009, says it has agreed to pay up to $100 million more if AXA hits profitability milestones over five years.
The deal is expected to boost the operating earnings per share of the Canadian insurer by 15 per cent in the mid-term and after-tax synergies are expected to add up to $100 million a year.
Intact says it will finance the deal with $500 million of its own capital, an $800-million stock issue and $1.3 billion in credit financings.
The deal requires regulatory approval and is expected to close later 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.
VANCOUVER, BC (May 31, 2011) Dominion Lending Centres Clearlease Reports May 31, 2011 Construction company Aecon Group Inc. (TSX:ARE) says a joint venture in which its infrastructure division is participating has been awarded a project with Metro Vancouver to build a water supply tunnel under the Fraser River in Greater Vancouver. The contract has a value of $150 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.
