VANCOUVER, BC (May 17, 2011) Clearlease Reports Shareholders trying to get into JPMorgan Chase & Co.’s annual meeting held Tuesday in this midwestern city were greeted by heavy security and over 400 protesters shouting slogans outside every entrance.
At least one person was handcuffed after a group of about 400 protestors marched up Chase’s property and placed a sign on a raft floating in a pond in the bank’s premises. The sign read: “Foreclosed: Chase sinks our economy.”
Police had each entrance blocked ahead of the meeting, as protesters gathered in the rain and cold chanting slogans such as “Make Banks Pay” and carried signs that said: “Chase gets rich, we lose homes, jobs, services.” At least 20 police cruisers circled the building.
Inside, several shareholders spoke out against the bank’s handling of mortgage foreclosures.
“As a person of faith, my God believes you shouldn’t take advantage of people when they are down,” said Dawn Dannenbring of the community group Illinois People’s Action, addressing CEO Jamie Dimon. “Do you believe in the same God I believe in?”
Dimon answered: “That’s a hard one to answer.”
After another question on foreclosures, Dimon said: “We are doing everything we can to keep people in their homes that should stay in their homes.”
Chase, headquartered in New York, is holding its annual meeting in Columbus for the first time. Along with all the major banks in the country, Chase has been criticized for its handling of mortgage foreclosures.
The protests were organized by The New Bottom Line, a coalition of clergy and unions, which is pushing for action and legislation around banking practices that hurt troubled homeowners.
Annual shareholder meetings of large banks routinely draw protesters. However, security this year has been especially tight after Wells Fargo & Co.’s annual meeting on May 4 in San Francisco became a rowdy scene after hundreds protested outside. Inside the meeting, a group of shareholders demanded that the bank immediately stop foreclosures and waive principal for troubled home owners. The shareholders were escorted out of the meeting by police. Eight people were arrested for blocking entrances to the building.
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 Sears Canada (TSX:SCC) posts $49.5 million loss, blames cold weather, costlier gas
VANCOUVER, BC (May 17, 2011) Clearlease Reports Sears Canada Inc. (TSX:SCC) says colder weather was to blame for a chunk of the $49.5-million loss it booked in its first quarter as sales of spring and summertime merchandise underwhelmed expectations.
The department store chain, which makes much of its money on seasonal items such as barbecues, lawnmowers and camping gear, said its total revenues were down to $992.5 million, compared to $1 billion during the same time period last year.
“A cold spring in most of the country which affected apparel and other seasonal categories (impacted our results),” Dene Rogers, president and CEO of Sears Canada said in a statement.
Sears and competitors Canadian Tire, Home Depot and Lowe’s have all cited unseasonably cold spring weather in Canada as negatively impacting sales of their seasonal merchandise in the first quarter.
Rogers also said record-high fuel costs and other household expenses have cut into Canadian discretionary incomes, and impending interest rate increases are also affecting customer spending levels.
“These factors have combined to create a very competitive retail climate,” Rogers added.
Sears in the United States has lost about 10 per cent market share in the last decade in its once mighty appliance division to competitors like Home Depot and Lowe’s, said retail analyst Brian Yarbrough of Edward Jones.
He explained that the same trend is happening in Canada and Sears will soon lose more as Canadian Tire begins to sell appliances later this year.
“It’s a difficult spending environment in Canada altogether, but I just think its getting more competitive. They lost market share in the States, in appliances which was one of its biggest businesses, he said explaining that Sears has seen same store sales fall nearly quarter after quarter.
“With Lowe’s up there it’s just going to get more difficult. One of Lowe’s’ strengths in the States is their appliance offering.”
Yarbrough said Sears also dedicates a lot of store space to clothing, but the retailer isn’t known as an apparel destination, and it will see more competition from Target in that department when that chain comes to Canada beginning in 2013.
“(Target’s) number one offering, they’re known for their apparel and home, and that’s going to eat right into Sears’ business as well. It’s very tough for them,” Yarbrough said.
In its earnings statement, Sears said its home maintenance business was also stung by the end of government sponsored home energy rebate programs.
The national retailer said its $49.5-million loss is equal to 47 cents per share.
The current loss is about six times more than Sears recorded at the same time last year, when it lost $8.8 million or eight cents per share.
The store saw a 7.1 per cent decline in first-quarter revenue, as sales at locations open for at least a year dropped 9.2 per cent.
Sears Canada operates 196 corporate stores, 272 dealer stores, 1,800 catalogue order pickup locations and a travel agency and home maintenance and repair business.
The publicly traded company is a subsidiary of Sears Holdings, which owns both the Sears and Kmart retail chains in the United States. The parent company owns about 90 per cent of Sears Canada’s stock.
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 17, 2011) Clearlease Reports Sears Canada Inc. (TSX:SCC) says colder weather was to blame for a chunk of the $49.5-million loss it booked in its first quarter as sales of spring and summertime merchandise underwhelmed expectations.
The department store chain, which makes much of its money on seasonal items such as barbecues, lawnmowers and camping gear, said its total revenues were down to $992.5 million, compared to $1 billion during the same time period last year.
“A cold spring in most of the country which affected apparel and other seasonal categories (impacted our results),” Dene Rogers, president and CEO of Sears Canada said in a statement.
Sears and competitors Canadian Tire, Home Depot and Lowe’s have all cited unseasonably cold spring weather in Canada as negatively impacting sales of their seasonal merchandise in the first quarter.
Rogers also said record-high fuel costs and other household expenses have cut into Canadian discretionary incomes, and impending interest rate increases are also affecting customer spending levels.
“These factors have combined to create a very competitive retail climate,” Rogers added.
Sears in the United States has lost about 10 per cent market share in the last decade in its once mighty appliance division to competitors like Home Depot and Lowe’s, said retail analyst Brian Yarbrough of Edward Jones.
He explained that the same trend is happening in Canada and Sears will soon lose more as Canadian Tire begins to sell appliances later this year.
“It’s a difficult spending environment in Canada altogether, but I just think its getting more competitive. They lost market share in the States, in appliances which was one of its biggest businesses, he said explaining that Sears has seen same store sales fall nearly quarter after quarter.
“With Lowe’s up there it’s just going to get more difficult. One of Lowe’s’ strengths in the States is their appliance offering.”
Yarbrough said Sears also dedicates a lot of store space to clothing, but the retailer isn’t known as an apparel destination, and it will see more competition from Target in that department when that chain comes to Canada beginning in 2013.
“(Target’s) number one offering, they’re known for their apparel and home, and that’s going to eat right into Sears’ business as well. It’s very tough for them,” Yarbrough said.
In its earnings statement, Sears said its home maintenance business was also stung by the end of government sponsored home energy rebate programs.
The national retailer said its $49.5-million loss is equal to 47 cents per share.
The current loss is about six times more than Sears recorded at the same time last year, when it lost $8.8 million or eight cents per share.
The store saw a 7.1 per cent decline in first-quarter revenue, as sales at locations open for at least a year dropped 9.2 per cent.
Sears Canada operates 196 corporate stores, 272 dealer stores, 1,800 catalogue order pickup locations and a travel agency and home maintenance and repair business.
The publicly traded company is a subsidiary of Sears Holdings, which owns both the Sears and Kmart retail chains in the United States. The parent company owns about 90 per cent of Sears Canada’s stock.
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 Sears Canada (TSX:SCC) posts $49.5 million loss, blames cold weather, costlier gas
VANCOUVER, BC (May 17, 2011) Clearlease Reports Sears Canada Inc. (TSX:SCC) says colder weather was to blame for a chunk of the $49.5-million loss it booked in its first quarter as sales of spring and summertime merchandise underwhelmed expectations.
The department store chain, which makes much of its money on seasonal items such as barbecues, lawnmowers and camping gear, said its total revenues were down to $992.5 million, compared to $1 billion during the same time period last year.
“A cold spring in most of the country which affected apparel and other seasonal categories (impacted our results),” Dene Rogers, president and CEO of Sears Canada said in a statement.
Sears and competitors Canadian Tire, Home Depot and Lowe’s have all cited unseasonably cold spring weather in Canada as negatively impacting sales of their seasonal merchandise in the first quarter.
Rogers also said record-high fuel costs and other household expenses have cut into Canadian discretionary incomes, and impending interest rate increases are also affecting customer spending levels.
“These factors have combined to create a very competitive retail climate,” Rogers added.
Sears in the United States has lost about 10 per cent market share in the last decade in its once mighty appliance division to competitors like Home Depot and Lowe’s, said retail analyst Brian Yarbrough of Edward Jones.
He explained that the same trend is happening in Canada and Sears will soon lose more as Canadian Tire begins to sell appliances later this year.
“It’s a difficult spending environment in Canada altogether, but I just think its getting more competitive. They lost market share in the States, in appliances which was one of its biggest businesses, he said explaining that Sears has seen same store sales fall nearly quarter after quarter.
“With Lowe’s up there it’s just going to get more difficult. One of Lowe’s’ strengths in the States is their appliance offering.”
Yarbrough said Sears also dedicates a lot of store space to clothing, but the retailer isn’t known as an apparel destination, and it will see more competition from Target in that department when that chain comes to Canada beginning in 2013.
“(Target’s) number one offering, they’re known for their apparel and home, and that’s going to eat right into Sears’ business as well. It’s very tough for them,” Yarbrough said.
In its earnings statement, Sears said its home maintenance business was also stung by the end of government sponsored home energy rebate programs.
The national retailer said its $49.5-million loss is equal to 47 cents per share.
The current loss is about six times more than Sears recorded at the same time last year, when it lost $8.8 million or eight cents per share.
The store saw a 7.1 per cent decline in first-quarter revenue, as sales at locations open for at least a year dropped 9.2 per cent.
Sears Canada operates 196 corporate stores, 272 dealer stores, 1,800 catalogue order pickup locations and a travel agency and home maintenance and repair business.
The publicly traded company is a subsidiary of Sears Holdings, which owns both the Sears and Kmart retail chains in the United States. The parent company owns about 90 per cent of Sears Canada’s stock.
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 African Barrick (LSE:ABG) (TSX:ABX) mine invaded by hundreds of intruders; 7 intruders killed
VANCOUVER, BC (May 17, 2011) Clearlease Reports Seven people were killed and a dozen more were injured after they tried to steal ore from a gold mine in Tanzania, African Barrick Gold PLC (LSE:ABG) said Tuesday May 17, 2011.
The company, controlled by Toronto-based Barrick Gold Corp. (TSX:ABX), said 800 “criminal intruders” were trying to steal ore from its North Mara mine when police were called on Monday.
African Barrick said police have increased their presence in the area and launched an investigation after the thieves attacked the police with machetes, rocks and hammers.
The company’s own security force was not involved in the incident and initial reports were that no African Barrick employees were injured.
It was not immediately known if any Tanzanian police were injured.
“Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites,” the company said in a statement.
“The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.”
The company noted that the incident had no material impact on operations.
The North Mara mine is in northwest Tanzania, about 20 kilometres south of the Kenyan border. The mine, which started operations in 2002, includes four open pit deposits, a processing plant and a tailings pond.
The company said 1,753 people worked at the mine at the end of last year including 829 African Barrick employees and 924 contractors.
North Mara produced about 213,000 ounces of gold in 2010.
African Barrick owns Barrick’s former mines in Tanzania that also include the Bulyanhulu, Tulawaka and Buzwagi mines as well as several exploration properties in the region.
African Barrick shares were down nearly six per cent or 28.6 pence at 469 pence on the London Stock Exchange .
On Monday, African Barrick said production at the Buzwagi mine would be less than expected because of a malfunction at a plant.
The company said plant would run at reduced capacity while a replacement motor at the SAG mill is installed.
“We estimate that the production impact in the current quarter will be approximately 10,000 ounces of gold, but we would expect to recover most of this over the second half of the year,” the company said.
Barrick Gold (TSX:ABX), the world’s largest gold miner, holds a roughly 74 per cent stake in African Barrick, which it spun off last year.
Barrick owns and operates gold mines in Canada, the U.S., Peru, Argentina, Chile, Australia and Papua New Guinea. Its major development projects include Pueblo Viejo in the Dominican Republic, Cortez Hills in Nevada, and Pascua-Lama on the border between Argentina and Chile.
Barrick shares were down seven cents at $43.92 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 African Barrick (LSE:ABG) (TSX:ABX) mine invaded by hundreds of intruders; 7 intruders killed
VANCOUVER, BC (May 17, 2011) Clearlease Reports Seven people were killed and a dozen more were injured after they tried to steal ore from a gold mine in Tanzania, African Barrick Gold PLC (LSE:ABG) said Tuesday May 17, 2011.
The company, controlled by Toronto-based Barrick Gold Corp. (TSX:ABX), said 800 “criminal intruders” were trying to steal ore from its North Mara mine when police were called on Monday.
African Barrick said police have increased their presence in the area and launched an investigation after the thieves attacked the police with machetes, rocks and hammers.
The company’s own security force was not involved in the incident and initial reports were that no African Barrick employees were injured.
It was not immediately known if any Tanzanian police were injured.
“Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites,” the company said in a statement.
“The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.”
The company noted that the incident had no material impact on operations.
The North Mara mine is in northwest Tanzania, about 20 kilometres south of the Kenyan border. The mine, which started operations in 2002, includes four open pit deposits, a processing plant and a tailings pond.
The company said 1,753 people worked at the mine at the end of last year including 829 African Barrick employees and 924 contractors.
North Mara produced about 213,000 ounces of gold in 2010.
African Barrick owns Barrick’s former mines in Tanzania that also include the Bulyanhulu, Tulawaka and Buzwagi mines as well as several exploration properties in the region.
African Barrick shares were down nearly six per cent or 28.6 pence at 469 pence on the London Stock Exchange .
On Monday, African Barrick said production at the Buzwagi mine would be less than expected because of a malfunction at a plant.
The company said plant would run at reduced capacity while a replacement motor at the SAG mill is installed.
“We estimate that the production impact in the current quarter will be approximately 10,000 ounces of gold, but we would expect to recover most of this over the second half of the year,” the company said.
Barrick Gold (TSX:ABX), the world’s largest gold miner, holds a roughly 74 per cent stake in African Barrick, which it spun off last year.
Barrick owns and operates gold mines in Canada, the U.S., Peru, Argentina, Chile, Australia and Papua New Guinea. Its major development projects include Pueblo Viejo in the Dominican Republic, Cortez Hills in Nevada, and Pascua-Lama on the border between Argentina and Chile.
Barrick shares were down seven cents at $43.92 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 African Barrick (LSE:ABG) (TSX:ABX) mine invaded by hundreds of intruders; 7 intruders killed
VANCOUVER, BC (May 17, 2011) Clearlease Reports Seven people were killed and a dozen more were injured after they tried to steal ore from a gold mine in Tanzania, African Barrick Gold PLC (LSE:ABG) said Tuesday May 17, 2011.
The company, controlled by Toronto-based Barrick Gold Corp. (TSX:ABX), said 800 “criminal intruders” were trying to steal ore from its North Mara mine when police were called on Monday.
African Barrick said police have increased their presence in the area and launched an investigation after the thieves attacked the police with machetes, rocks and hammers.
The company’s own security force was not involved in the incident and initial reports were that no African Barrick employees were injured.
It was not immediately known if any Tanzanian police were injured.
“Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites,” the company said in a statement.
“The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.”
The company noted that the incident had no material impact on operations.
The North Mara mine is in northwest Tanzania, about 20 kilometres south of the Kenyan border. The mine, which started operations in 2002, includes four open pit deposits, a processing plant and a tailings pond.
The company said 1,753 people worked at the mine at the end of last year including 829 African Barrick employees and 924 contractors.
North Mara produced about 213,000 ounces of gold in 2010.
African Barrick owns Barrick’s former mines in Tanzania that also include the Bulyanhulu, Tulawaka and Buzwagi mines as well as several exploration properties in the region.
African Barrick shares were down nearly six per cent or 28.6 pence at 469 pence on the London Stock Exchange .
On Monday, African Barrick said production at the Buzwagi mine would be less than expected because of a malfunction at a plant.
The company said plant would run at reduced capacity while a replacement motor at the SAG mill is installed.
“We estimate that the production impact in the current quarter will be approximately 10,000 ounces of gold, but we would expect to recover most of this over the second half of the year,” the company said.
Barrick Gold (TSX:ABX), the world’s largest gold miner, holds a roughly 74 per cent stake in African Barrick, which it spun off last year.
Barrick owns and operates gold mines in Canada, the U.S., Peru, Argentina, Chile, Australia and Papua New Guinea. Its major development projects include Pueblo Viejo in the Dominican Republic, Cortez Hills in Nevada, and Pascua-Lama on the border between Argentina and Chile.
Barrick shares were down seven cents at $43.92 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 Wireless carrier Wind Mobile and Canadian government appeal court ruling
VANCOUVER, BC (May 17, 2011) Clearlease Reports Wind Mobile will be at the centre of a legal case on Wednesday that questions how the federal cabinet intervened to allow the mobile phone carrier to operate in Canada, despite a CRTC ruling that decided it was foreign owned.
“Obviously, we will fight in the courts as far as we can,” Wind Mobile chairman Anthony Lacavera said of the case, which will be heard in the Federal Court of Appeal on Wednesday in Ottawa.
Wind Mobile and the federal government are appealing a decision that cabinet overstepped its authority when it let the Toronto telecom company go into business in December 2009 after the national regulator had already ruled it wasn’t Canadian owned.
Lacavera also said it could mean taking the case to the Supreme Court, or going back to the Canadian Radio-television and Telecommunications Commission if he loses the appeal case to satisfy its ownership requirements.
“At the end of the day, there’s no scenario where Wind gets shut down,” Lacavera said.
Wind Mobile has almost 300,000 mobile phone customers and says it’s on track to have 1.5 million subscribers in three years. It’s aiming to be Canada’s fourth major wireless carrier after Rogers, (TSX:RCI.B), Bell (TSX:BCE) and Telus (TSX:T).
Back 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 licence was originally granted, but the sticking point for the CRTC when ruling it wasn’t Canadian.
Rival wireless company Public Mobile, which operating since last spring, took the issue of telecom ownership rules involving Wind Mobile to the courts. In February, the Federal Court Appeal quashed Industry Minister Tony Clement’s order-in-cabinet to overrule the CRTC
Lacavera maintains the February court decision ruled the government didn’t follow the “correct legal procedure” when it issued the 2009 order-in-council which allowed Wind Mobile to go into business and that his company is Canadian owned.
NDP member Brian Masse, who has been following the case, said there needs to be a level playing field for new wireless players.
“The objective was to have new entrants enter the market in a fair way that would increase competition and lower prices for consumers,” said Masse, who represents the Ontario riding of Windsor-West.
“Well that entire thing has been defeated by the way this government has handled the situation,” Masse said. “Instead, that story is trying to be sorted out through the court system.”
Masse said Wind Mobile should have been told by Industry Minister Tony Clement that it had to go back to the CRTC to satisfy ownership requirements.
“That way Wind and its competitors that were entering the market could have felt more comfortable with the competitive process and we could have moved past the speculation of throwing industry progress to the court system.”
It’s going to be tough for the majority Conservative government to move ahead quickly with relaxing foreign ownership rules with this case in the courts, Masse said.
“The problem is if they want to do that now, they have the fly in the ointment that is this case.”
Telecom lawyer Lorne Abugov said the CRTC and Industry Canada along with the federal cabinet reached two “diametrically different” conclusions under essentially the same ownership and control laws.
“Purely from a structural point of view, it seems to be needless double jeopardy,” said Abugov, who’s based in Ottawa.
“I am talking about the larger issue of the inherent weakness in the existing law that would allow a circumstance like this to happen.
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 17, 2011) Clearlease Reports Wind Mobile will be at the centre of a legal case on Wednesday that questions how the federal cabinet intervened to allow the mobile phone carrier to operate in Canada, despite a CRTC ruling that decided it was foreign owned.
“Obviously, we will fight in the courts as far as we can,” Wind Mobile chairman Anthony Lacavera said of the case, which will be heard in the Federal Court of Appeal on Wednesday in Ottawa.
Wind Mobile and the federal government are appealing a decision that cabinet overstepped its authority when it let the Toronto telecom company go into business in December 2009 after the national regulator had already ruled it wasn’t Canadian owned.
Lacavera also said it could mean taking the case to the Supreme Court, or going back to the Canadian Radio-television and Telecommunications Commission if he loses the appeal case to satisfy its ownership requirements.
“At the end of the day, there’s no scenario where Wind gets shut down,” Lacavera said.
Wind Mobile has almost 300,000 mobile phone customers and says it’s on track to have 1.5 million subscribers in three years. It’s aiming to be Canada’s fourth major wireless carrier after Rogers, (TSX:RCI.B), Bell (TSX:BCE) and Telus (TSX:T).
Back 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 licence was originally granted, but the sticking point for the CRTC when ruling it wasn’t Canadian.
Rival wireless company Public Mobile, which operating since last spring, took the issue of telecom ownership rules involving Wind Mobile to the courts. In February, the Federal Court Appeal quashed Industry Minister Tony Clement’s order-in-cabinet to overrule the CRTC
Lacavera maintains the February court decision ruled the government didn’t follow the “correct legal procedure” when it issued the 2009 order-in-council which allowed Wind Mobile to go into business and that his company is Canadian owned.
NDP member Brian Masse, who has been following the case, said there needs to be a level playing field for new wireless players.
“The objective was to have new entrants enter the market in a fair way that would increase competition and lower prices for consumers,” said Masse, who represents the Ontario riding of Windsor-West.
“Well that entire thing has been defeated by the way this government has handled the situation,” Masse said. “Instead, that story is trying to be sorted out through the court system.”
Masse said Wind Mobile should have been told by Industry Minister Tony Clement that it had to go back to the CRTC to satisfy ownership requirements.
“That way Wind and its competitors that were entering the market could have felt more comfortable with the competitive process and we could have moved past the speculation of throwing industry progress to the court system.”
It’s going to be tough for the majority Conservative government to move ahead quickly with relaxing foreign ownership rules with this case in the courts, Masse said.
“The problem is if they want to do that now, they have the fly in the ointment that is this case.”
Telecom lawyer Lorne Abugov said the CRTC and Industry Canada along with the federal cabinet reached two “diametrically different” conclusions under essentially the same ownership and control laws.
“Purely from a structural point of view, it seems to be needless double jeopardy,” said Abugov, who’s based in Ottawa.
“I am talking about the larger issue of the inherent weakness in the existing law that would allow a circumstance like this to happen.
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 Wireless carrier Wind Mobile and Canadian government appeal court ruling
VANCOUVER, BC (May 17, 2011) Clearlease Reports Wind Mobile will be at the centre of a legal case on Wednesday that questions how the federal cabinet intervened to allow the mobile phone carrier to operate in Canada, despite a CRTC ruling that decided it was foreign owned.
“Obviously, we will fight in the courts as far as we can,” Wind Mobile chairman Anthony Lacavera said of the case, which will be heard in the Federal Court of Appeal on Wednesday in Ottawa.
Wind Mobile and the federal government are appealing a decision that cabinet overstepped its authority when it let the Toronto telecom company go into business in December 2009 after the national regulator had already ruled it wasn’t Canadian owned.
Lacavera also said it could mean taking the case to the Supreme Court, or going back to the Canadian Radio-television and Telecommunications Commission if he loses the appeal case to satisfy its ownership requirements.
“At the end of the day, there’s no scenario where Wind gets shut down,” Lacavera said.
Wind Mobile has almost 300,000 mobile phone customers and says it’s on track to have 1.5 million subscribers in three years. It’s aiming to be Canada’s fourth major wireless carrier after Rogers, (TSX:RCI.B), Bell (TSX:BCE) and Telus (TSX:T).
Back 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 licence was originally granted, but the sticking point for the CRTC when ruling it wasn’t Canadian.
Rival wireless company Public Mobile, which operating since last spring, took the issue of telecom ownership rules involving Wind Mobile to the courts. In February, the Federal Court Appeal quashed Industry Minister Tony Clement’s order-in-cabinet to overrule the CRTC
Lacavera maintains the February court decision ruled the government didn’t follow the “correct legal procedure” when it issued the 2009 order-in-council which allowed Wind Mobile to go into business and that his company is Canadian owned.
NDP member Brian Masse, who has been following the case, said there needs to be a level playing field for new wireless players.
“The objective was to have new entrants enter the market in a fair way that would increase competition and lower prices for consumers,” said Masse, who represents the Ontario riding of Windsor-West.
“Well that entire thing has been defeated by the way this government has handled the situation,” Masse said. “Instead, that story is trying to be sorted out through the court system.”
Masse said Wind Mobile should have been told by Industry Minister Tony Clement that it had to go back to the CRTC to satisfy ownership requirements.
“That way Wind and its competitors that were entering the market could have felt more comfortable with the competitive process and we could have moved past the speculation of throwing industry progress to the court system.”
It’s going to be tough for the majority Conservative government to move ahead quickly with relaxing foreign ownership rules with this case in the courts, Masse said.
“The problem is if they want to do that now, they have the fly in the ointment that is this case.”
Telecom lawyer Lorne Abugov said the CRTC and Industry Canada along with the federal cabinet reached two “diametrically different” conclusions under essentially the same ownership and control laws.
“Purely from a structural point of view, it seems to be needless double jeopardy,” said Abugov, who’s based in Ottawa.
“I am talking about the larger issue of the inherent weakness in the existing law that would allow a circumstance like this to happen.
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 Shell looking for partners to help it expand retail brand in Quebec, Maritimes
VANCOUVER, BC (May 17, 2011) Clearlease Reports Shell Canada is looking for entrepreneurial partners interested in acquiring about 260 of its gasoline stations and retail sites in Quebec and the Maritimes.
The network would include convenience food stores, car washes and other customer-driven offerings.
The Calgary-based company said Tuesday it’s looking for an “appropriate steward” to help grow the Shell-branded retail business in the eastern provinces.
The number of Shell-branded retail sites in Quebec and the Maritimes is not changing at this time, Shell spokesman Stephan Dolan said in an email.
“The intention is for the sites to remain Shell-branded,” Dolan said.
Shell says the offering will exclude five joint venture sites and 190 reseller outlets in the region.
“This is an exciting business opportunity,” said David Saint-Laurent, Shell Canada’s general manager for retail operations. “With the high quality of entrepreneurs in Quebec and the Maritime provinces, we are confident of finding a worthy steward or stewards of the Shell brand with whom we will grow.”
Shell Canada has been operating in Canada for a century and employs 8,000 people at its oil and gas production and refining and marketing and petrochemical operations.
The company produces natural gas, natural gas liquids and bitumen, and is Canada’s largest producer of sulphur and a major operator in the northern Alberta oilsands.
The announcement Tuesday follows Shell’s decision last year to dismantle its Montreal refinery after failing to find a buyer.
The Canadian subsidiary of Royal Dutch Shell PLC (NYSE:RDS) continues to operate a fuel distribution centre in Montreal.
It operates about 1,600 gas stations and still has refineries at Sarnia in southwestern Ontario and Scotford, near Edmonton.
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 17, 2011) Clearlease Reports Shell Canada is looking for entrepreneurial partners interested in acquiring about 260 of its gasoline stations and retail sites in Quebec and the Maritimes.
The network would include convenience food stores, car washes and other customer-driven offerings.
The Calgary-based company said Tuesday it’s looking for an “appropriate steward” to help grow the Shell-branded retail business in the eastern provinces.
The number of Shell-branded retail sites in Quebec and the Maritimes is not changing at this time, Shell spokesman Stephan Dolan said in an email.
“The intention is for the sites to remain Shell-branded,” Dolan said.
Shell says the offering will exclude five joint venture sites and 190 reseller outlets in the region.
“This is an exciting business opportunity,” said David Saint-Laurent, Shell Canada’s general manager for retail operations. “With the high quality of entrepreneurs in Quebec and the Maritime provinces, we are confident of finding a worthy steward or stewards of the Shell brand with whom we will grow.”
Shell Canada has been operating in Canada for a century and employs 8,000 people at its oil and gas production and refining and marketing and petrochemical operations.
The company produces natural gas, natural gas liquids and bitumen, and is Canada’s largest producer of sulphur and a major operator in the northern Alberta oilsands.
The announcement Tuesday follows Shell’s decision last year to dismantle its Montreal refinery after failing to find a buyer.
The Canadian subsidiary of Royal Dutch Shell PLC (NYSE:RDS) continues to operate a fuel distribution centre in Montreal.
It operates about 1,600 gas stations and still has refineries at Sarnia in southwestern Ontario and Scotford, near Edmonton.
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 Shell looking for partners to help it expand retail brand in Quebec, Maritimes
VANCOUVER, BC (May 17, 2011) Clearlease Reports Shell Canada is looking for entrepreneurial partners interested in acquiring about 260 of its gasoline stations and retail sites in Quebec and the Maritimes.
The network would include convenience food stores, car washes and other customer-driven offerings.
The Calgary-based company said Tuesday it’s looking for an “appropriate steward” to help grow the Shell-branded retail business in the eastern provinces.
The number of Shell-branded retail sites in Quebec and the Maritimes is not changing at this time, Shell spokesman Stephan Dolan said in an email.
“The intention is for the sites to remain Shell-branded,” Dolan said.
Shell says the offering will exclude five joint venture sites and 190 reseller outlets in the region.
“This is an exciting business opportunity,” said David Saint-Laurent, Shell Canada’s general manager for retail operations. “With the high quality of entrepreneurs in Quebec and the Maritime provinces, we are confident of finding a worthy steward or stewards of the Shell brand with whom we will grow.”
Shell Canada has been operating in Canada for a century and employs 8,000 people at its oil and gas production and refining and marketing and petrochemical operations.
The company produces natural gas, natural gas liquids and bitumen, and is Canada’s largest producer of sulphur and a major operator in the northern Alberta oilsands.
The announcement Tuesday follows Shell’s decision last year to dismantle its Montreal refinery after failing to find a buyer.
The Canadian subsidiary of Royal Dutch Shell PLC (NYSE:RDS) continues to operate a fuel distribution centre in Montreal.
It operates about 1,600 gas stations and still has refineries at Sarnia in southwestern Ontario and Scotford, near Edmonton.
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 Jockeying accelerates to replace Strauss-Kahn as IMF chief
VANCOUVER, BC (May 17, 2011) Clearlease Reports The jockeying to succeed Dominique Strauss-Kahn as head of the International Monetary Fund stepped up Tuesday along with pressure on him to resign and avoid undermining the IMF, a key force of global economic stability.
Some diplomats said a European country should no longer be guaranteed stewardship over a global economy increasingly driven by emerging powers in Asia and Latin America. The IMF board could move soon to oust Strauss-Kahn if he insists on remaining in his post while jailed on charges of trying to rape a New York City hotel maid, analysts suggested.
“It’s time to consider not just an automatic European for the IMF,” said Tovar Nunes, a spokesman for the Brazilian foreign ministry. Candidates should be judged on their credentials, not their countries, he told The Associated Press.
Support for Strauss-Kahn, a Frenchman, eroded even in Europe. In Brussels, Austrian Finance Minister Maria Fekter called on Strauss-Kahn to resign so he would not damage the fund. Her Spanish counterpart, Elena Salgado, spoke of solidarity with the woman Strauss-Kahn is accused of assaulting.
“Considering the situation, that bail was denied, he has to figure out for himself, that he is hurting the institution,” Fekter said Tuesday as she arrived at a meeting of European finance ministers.
Among possible replacements for Strauss-Kahn are at least four fellow Europeans: French Finance Minister Christine Lagarde; the former head of the German central bank, Axel Weber; the head of Europe’s bailout fund, Klaus Regling; and Peer Steinbrueck, a former German finance minister.
Candidates from elsewhere include Turkey’s former finance minister, Kemal Dervis; Singapore’s finance chief Tharman Shanmugaratnam; and Indian economist Montek Singh Ahluwalia.
Other possibilities include Trevor Manuel, South Africa’s former finance minister; Mexico’s central bank governor, Agustin Carstens; former Brazilian central bank president Arminio Fraga; and China’s Min Zhu, a special adviser to Strauss-Kahn.
Min declined to comment on any scenarios. “I have meetings all day,” he told The AP.
The questions over Strauss-Kahn’s future are laying bare long-standing complaints over the stewardship of the global agency. Developing countries have griped for years about the voting system of the IMF. In particular, they have chafed over a gentleman’s agreement that’s ensured a European head of the IMF and an American head of its sister body, the World Bank, since their creation just after World War II.
The IMF focuses on providing emergency loans and ensuring stability in the international financial system. The World Bank funds projects in developing countries.
China, India, Brazil and other emerging economies are increasingly driving worldwide growth. They also emerged as forces of stability after the U.S. financial crisis kicked off a global recession and European debt crises rattled financial markets.
Experts say they think Strauss-Kahn will step down. But if he refuses, the IMF’s 24-member executive board could remove him or place him on administrative leave.
“What the board is hoping is that Strauss-Kahn will do the honourable thing and resign,” said Eswar Prasad, an economics professor at Cornell and former IMF official. “Support will erode fairly quickly. I see this as a matter of days.”
Uri Dadush, a senior associate at the Carnegie Endowment for International Peace and former World Bank official, said: “Once he’s indicted, he cannot carry out his functions. How can he possibly represent the IMF under those conditions?”
Even before his Sunday arrest, Strauss-Kahn was widely expected to resign from the IMF later this year to pursue the French presidency in 2012. Still, a clear successor had yet to emerge.
European leaders would resist the notion of giving up their traditional claim to nominate the IMF chief. That’s especially true now because solving the debt crises in European countries such as Greece and Portugal has emerged as one of the institution’s chief responsibilities. Strauss-Kahn, who was France’s finance minister when the euro currency was created in 1999, has been praised for his leadership in handling the 17-nation eurozone’s troubles.
Though the IMF’s board does not want to rush to judgment, it faces rising pressure. Officials acknowledge it will be increasingly difficult for Strauss-Kahn to remain in the job if he is denied a bail a second time Friday. To oust him against his will, the 24-member board could call a vote.
The longer it drags out, the uglier it gets, the weaker Europe’s position is going to be,” Prasad said.
On Monday, German Chancellor Angela Merkel sought to dampen speculation that the next IMF leader should come from the developing world. Still, the United States is thought to be open to a non-European IMF leader. The Treasury Department declined to comment Tuesday.
Strauss-Kahn has said nothing about his future at the IMF. He was denied bail and is in a New York jail after his weekend arrest on charges of trying to rape a maid in a Manhattan hotel. He is due to appear next in court on Friday.
Despite Strauss-Kahn’s arrest, the IMF says it is operating normally with deputy John Lipsky as the interim director. But Europe’s debt crisis is showing little sign of abating. Greece, in particular, is widely expected to need more international aid. The aid package will likely require someone who can match Strauss-Kahn’s stature and extensive network of political connections to clinch a deal.
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 17, 2011) Clearlease Reports The jockeying to succeed Dominique Strauss-Kahn as head of the International Monetary Fund stepped up Tuesday along with pressure on him to resign and avoid undermining the IMF, a key force of global economic stability.
Some diplomats said a European country should no longer be guaranteed stewardship over a global economy increasingly driven by emerging powers in Asia and Latin America. The IMF board could move soon to oust Strauss-Kahn if he insists on remaining in his post while jailed on charges of trying to rape a New York City hotel maid, analysts suggested.
“It’s time to consider not just an automatic European for the IMF,” said Tovar Nunes, a spokesman for the Brazilian foreign ministry. Candidates should be judged on their credentials, not their countries, he told The Associated Press.
Support for Strauss-Kahn, a Frenchman, eroded even in Europe. In Brussels, Austrian Finance Minister Maria Fekter called on Strauss-Kahn to resign so he would not damage the fund. Her Spanish counterpart, Elena Salgado, spoke of solidarity with the woman Strauss-Kahn is accused of assaulting.
“Considering the situation, that bail was denied, he has to figure out for himself, that he is hurting the institution,” Fekter said Tuesday as she arrived at a meeting of European finance ministers.
Among possible replacements for Strauss-Kahn are at least four fellow Europeans: French Finance Minister Christine Lagarde; the former head of the German central bank, Axel Weber; the head of Europe’s bailout fund, Klaus Regling; and Peer Steinbrueck, a former German finance minister.
Candidates from elsewhere include Turkey’s former finance minister, Kemal Dervis; Singapore’s finance chief Tharman Shanmugaratnam; and Indian economist Montek Singh Ahluwalia.
Other possibilities include Trevor Manuel, South Africa’s former finance minister; Mexico’s central bank governor, Agustin Carstens; former Brazilian central bank president Arminio Fraga; and China’s Min Zhu, a special adviser to Strauss-Kahn.
Min declined to comment on any scenarios. “I have meetings all day,” he told The AP.
The questions over Strauss-Kahn’s future are laying bare long-standing complaints over the stewardship of the global agency. Developing countries have griped for years about the voting system of the IMF. In particular, they have chafed over a gentleman’s agreement that’s ensured a European head of the IMF and an American head of its sister body, the World Bank, since their creation just after World War II.
The IMF focuses on providing emergency loans and ensuring stability in the international financial system. The World Bank funds projects in developing countries.
China, India, Brazil and other emerging economies are increasingly driving worldwide growth. They also emerged as forces of stability after the U.S. financial crisis kicked off a global recession and European debt crises rattled financial markets.
Experts say they think Strauss-Kahn will step down. But if he refuses, the IMF’s 24-member executive board could remove him or place him on administrative leave.
“What the board is hoping is that Strauss-Kahn will do the honourable thing and resign,” said Eswar Prasad, an economics professor at Cornell and former IMF official. “Support will erode fairly quickly. I see this as a matter of days.”
Uri Dadush, a senior associate at the Carnegie Endowment for International Peace and former World Bank official, said: “Once he’s indicted, he cannot carry out his functions. How can he possibly represent the IMF under those conditions?”
Even before his Sunday arrest, Strauss-Kahn was widely expected to resign from the IMF later this year to pursue the French presidency in 2012. Still, a clear successor had yet to emerge.
European leaders would resist the notion of giving up their traditional claim to nominate the IMF chief. That’s especially true now because solving the debt crises in European countries such as Greece and Portugal has emerged as one of the institution’s chief responsibilities. Strauss-Kahn, who was France’s finance minister when the euro currency was created in 1999, has been praised for his leadership in handling the 17-nation eurozone’s troubles.
Though the IMF’s board does not want to rush to judgment, it faces rising pressure. Officials acknowledge it will be increasingly difficult for Strauss-Kahn to remain in the job if he is denied a bail a second time Friday. To oust him against his will, the 24-member board could call a vote.
The longer it drags out, the uglier it gets, the weaker Europe’s position is going to be,” Prasad said.
On Monday, German Chancellor Angela Merkel sought to dampen speculation that the next IMF leader should come from the developing world. Still, the United States is thought to be open to a non-European IMF leader. The Treasury Department declined to comment Tuesday.
Strauss-Kahn has said nothing about his future at the IMF. He was denied bail and is in a New York jail after his weekend arrest on charges of trying to rape a maid in a Manhattan hotel. He is due to appear next in court on Friday.
Despite Strauss-Kahn’s arrest, the IMF says it is operating normally with deputy John Lipsky as the interim director. But Europe’s debt crisis is showing little sign of abating. Greece, in particular, is widely expected to need more international aid. The aid package will likely require someone who can match Strauss-Kahn’s stature and extensive network of political connections to clinch a deal.
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 Jockeying accelerates to replace Strauss-Kahn as IMF chief
VANCOUVER, BC (May 17, 2011) Clearlease Reports The jockeying to succeed Dominique Strauss-Kahn as head of the International Monetary Fund stepped up Tuesday along with pressure on him to resign and avoid undermining the IMF, a key force of global economic stability.
Some diplomats said a European country should no longer be guaranteed stewardship over a global economy increasingly driven by emerging powers in Asia and Latin America. The IMF board could move soon to oust Strauss-Kahn if he insists on remaining in his post while jailed on charges of trying to rape a New York City hotel maid, analysts suggested.
“It’s time to consider not just an automatic European for the IMF,” said Tovar Nunes, a spokesman for the Brazilian foreign ministry. Candidates should be judged on their credentials, not their countries, he told The Associated Press.
Support for Strauss-Kahn, a Frenchman, eroded even in Europe. In Brussels, Austrian Finance Minister Maria Fekter called on Strauss-Kahn to resign so he would not damage the fund. Her Spanish counterpart, Elena Salgado, spoke of solidarity with the woman Strauss-Kahn is accused of assaulting.
“Considering the situation, that bail was denied, he has to figure out for himself, that he is hurting the institution,” Fekter said Tuesday as she arrived at a meeting of European finance ministers.
Among possible replacements for Strauss-Kahn are at least four fellow Europeans: French Finance Minister Christine Lagarde; the former head of the German central bank, Axel Weber; the head of Europe’s bailout fund, Klaus Regling; and Peer Steinbrueck, a former German finance minister.
Candidates from elsewhere include Turkey’s former finance minister, Kemal Dervis; Singapore’s finance chief Tharman Shanmugaratnam; and Indian economist Montek Singh Ahluwalia.
Other possibilities include Trevor Manuel, South Africa’s former finance minister; Mexico’s central bank governor, Agustin Carstens; former Brazilian central bank president Arminio Fraga; and China’s Min Zhu, a special adviser to Strauss-Kahn.
Min declined to comment on any scenarios. “I have meetings all day,” he told The AP.
The questions over Strauss-Kahn’s future are laying bare long-standing complaints over the stewardship of the global agency. Developing countries have griped for years about the voting system of the IMF. In particular, they have chafed over a gentleman’s agreement that’s ensured a European head of the IMF and an American head of its sister body, the World Bank, since their creation just after World War II.
The IMF focuses on providing emergency loans and ensuring stability in the international financial system. The World Bank funds projects in developing countries.
China, India, Brazil and other emerging economies are increasingly driving worldwide growth. They also emerged as forces of stability after the U.S. financial crisis kicked off a global recession and European debt crises rattled financial markets.
Experts say they think Strauss-Kahn will step down. But if he refuses, the IMF’s 24-member executive board could remove him or place him on administrative leave.
“What the board is hoping is that Strauss-Kahn will do the honourable thing and resign,” said Eswar Prasad, an economics professor at Cornell and former IMF official. “Support will erode fairly quickly. I see this as a matter of days.”
Uri Dadush, a senior associate at the Carnegie Endowment for International Peace and former World Bank official, said: “Once he’s indicted, he cannot carry out his functions. How can he possibly represent the IMF under those conditions?”
Even before his Sunday arrest, Strauss-Kahn was widely expected to resign from the IMF later this year to pursue the French presidency in 2012. Still, a clear successor had yet to emerge.
European leaders would resist the notion of giving up their traditional claim to nominate the IMF chief. That’s especially true now because solving the debt crises in European countries such as Greece and Portugal has emerged as one of the institution’s chief responsibilities. Strauss-Kahn, who was France’s finance minister when the euro currency was created in 1999, has been praised for his leadership in handling the 17-nation eurozone’s troubles.
Though the IMF’s board does not want to rush to judgment, it faces rising pressure. Officials acknowledge it will be increasingly difficult for Strauss-Kahn to remain in the job if he is denied a bail a second time Friday. To oust him against his will, the 24-member board could call a vote.
The longer it drags out, the uglier it gets, the weaker Europe’s position is going to be,” Prasad said.
On Monday, German Chancellor Angela Merkel sought to dampen speculation that the next IMF leader should come from the developing world. Still, the United States is thought to be open to a non-European IMF leader. The Treasury Department declined to comment Tuesday.
Strauss-Kahn has said nothing about his future at the IMF. He was denied bail and is in a New York jail after his weekend arrest on charges of trying to rape a maid in a Manhattan hotel. He is due to appear next in court on Friday.
Despite Strauss-Kahn’s arrest, the IMF says it is operating normally with deputy John Lipsky as the interim director. But Europe’s debt crisis is showing little sign of abating. Greece, in particular, is widely expected to need more international aid. The aid package will likely require someone who can match Strauss-Kahn’s stature and extensive network of political connections to clinch a deal.
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 Reports Canadian Natural (TSX:CNQ) Cenovus (TSX:CVE) no risk at Pelican Bay
VANCOUVER, BC (May 17, 2011) Clearlease Reports Production from a northern Alberta heavy oil pool was slowing Tuesday May 17, 2011, as unpredictable wildfires continued to burn across the region.
Canadian Natural Resources Ltd. (TSX:CNQ) and Cenovus Energy Inc. (TSX:CVE) both say the flames were not posing a risk to their facilities at Pelican Lake, about 90 kilometres northeast of the devastated town of Slave Lake, Alta..
However, the oil they produce has nowhere to go. Electricity is out in much of the region and that means pumps along a nearby pipeline aren’t working. The companies have been putting their oil into storage tanks, but those are quickly filling up.
“Right now we’re slowing down, but we’re not shut in at Pelican,” Canadian Natural chief operating officer Steve Laut told reporters Tuesday at the company’s investor open house.
“Probably in the next day or so, Pelican will be shut down unless the pipeline starts back up again and starts pumping.”
Canadian Natural produces about 40,000 barrels per day at Pelican Lake. Laut said it will be relatively simple to restart production once the situation improves.
Cenovus said it, too, is starting to slow down its Pelican Lake operations, which normally produce 22,000 barrels of oil per day.
“The company anticipates storage may be full Wednesday and production would likely have to stop until the pipeline is operating again,” Cenovus said in a release.
The affected pipeline is Plains Midstream Canada’s Rainbow system. Another portion of the line broke last month, spilling 28,000 barrels of crude. The wildfires have hampered cleanup efforts there.
As of Tuesday morning, there were 100 wildfires in Alberta, 23 of which were out of control. The blazes have burned some 105,000 hectares of land.
In the Lesser Slave Lake area alone, about 15 were burning out of control. Penn West Exploration (TSX:PWT) and Exall Energy Corp. (TSX:EE) have shut down production in that region.
The fires were also causing problems near Canadian Natural’s Horizon mine north of Fort McMurray, Alta..
Flames came close to a work camp on Monday, but on Tuesday that danger had largely passed. Two lodges have been evacuated and the 1,300 workers have not yet been cleared to return.
The company was also working to keep flames away from blocks of sulphur, which are a byproduct of the oilsands extraction process. Laut said that material is flammable, and could release harmful emissions if it burns.
Canadian Natural is in the process of rebuilding part of an upgrader that was badly damaged in a fire in January, and production at Horizon isn’t expected to start up until next month.
“Obviously we haven’t done anything yesterday, and I don’t know if we’re doing anything today, mainly because there’s a lot of smoke going through there,” Laut said Tuesday. “You don’t want to take a safety risk.”
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 17, 2011) Clearlease Reports Production from a northern Alberta heavy oil pool was slowing Tuesday May 17, 2011, as unpredictable wildfires continued to burn across the region.
Canadian Natural Resources Ltd. (TSX:CNQ) and Cenovus Energy Inc. (TSX:CVE) both say the flames were not posing a risk to their facilities at Pelican Lake, about 90 kilometres northeast of the devastated town of Slave Lake, Alta..
However, the oil they produce has nowhere to go. Electricity is out in much of the region and that means pumps along a nearby pipeline aren’t working. The companies have been putting their oil into storage tanks, but those are quickly filling up.
“Right now we’re slowing down, but we’re not shut in at Pelican,” Canadian Natural chief operating officer Steve Laut told reporters Tuesday at the company’s investor open house.
“Probably in the next day or so, Pelican will be shut down unless the pipeline starts back up again and starts pumping.”
Canadian Natural produces about 40,000 barrels per day at Pelican Lake. Laut said it will be relatively simple to restart production once the situation improves.
Cenovus said it, too, is starting to slow down its Pelican Lake operations, which normally produce 22,000 barrels of oil per day.
“The company anticipates storage may be full Wednesday and production would likely have to stop until the pipeline is operating again,” Cenovus said in a release.
The affected pipeline is Plains Midstream Canada’s Rainbow system. Another portion of the line broke last month, spilling 28,000 barrels of crude. The wildfires have hampered cleanup efforts there.
As of Tuesday morning, there were 100 wildfires in Alberta, 23 of which were out of control. The blazes have burned some 105,000 hectares of land.
In the Lesser Slave Lake area alone, about 15 were burning out of control. Penn West Exploration (TSX:PWT) and Exall Energy Corp. (TSX:EE) have shut down production in that region.
The fires were also causing problems near Canadian Natural’s Horizon mine north of Fort McMurray, Alta..
Flames came close to a work camp on Monday, but on Tuesday that danger had largely passed. Two lodges have been evacuated and the 1,300 workers have not yet been cleared to return.
The company was also working to keep flames away from blocks of sulphur, which are a byproduct of the oilsands extraction process. Laut said that material is flammable, and could release harmful emissions if it burns.
Canadian Natural is in the process of rebuilding part of an upgrader that was badly damaged in a fire in January, and production at Horizon isn’t expected to start up until next month.
“Obviously we haven’t done anything yesterday, and I don’t know if we’re doing anything today, mainly because there’s a lot of smoke going through there,” Laut said Tuesday. “You don’t want to take a safety risk.”
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 Reports Canadian Natural (TSX:CNQ) Cenovus (TSX:CVE) no risk at Pelican Bay
VANCOUVER, BC (May 17, 2011) Clearlease Reports Production from a northern Alberta heavy oil pool was slowing Tuesday May 17, 2011, as unpredictable wildfires continued to burn across the region.
Canadian Natural Resources Ltd. (TSX:CNQ) and Cenovus Energy Inc. (TSX:CVE) both say the flames were not posing a risk to their facilities at Pelican Lake, about 90 kilometres northeast of the devastated town of Slave Lake, Alta..
However, the oil they produce has nowhere to go. Electricity is out in much of the region and that means pumps along a nearby pipeline aren’t working. The companies have been putting their oil into storage tanks, but those are quickly filling up.
“Right now we’re slowing down, but we’re not shut in at Pelican,” Canadian Natural chief operating officer Steve Laut told reporters Tuesday at the company’s investor open house.
“Probably in the next day or so, Pelican will be shut down unless the pipeline starts back up again and starts pumping.”
Canadian Natural produces about 40,000 barrels per day at Pelican Lake. Laut said it will be relatively simple to restart production once the situation improves.
Cenovus said it, too, is starting to slow down its Pelican Lake operations, which normally produce 22,000 barrels of oil per day.
“The company anticipates storage may be full Wednesday and production would likely have to stop until the pipeline is operating again,” Cenovus said in a release.
The affected pipeline is Plains Midstream Canada’s Rainbow system. Another portion of the line broke last month, spilling 28,000 barrels of crude. The wildfires have hampered cleanup efforts there.
As of Tuesday morning, there were 100 wildfires in Alberta, 23 of which were out of control. The blazes have burned some 105,000 hectares of land.
In the Lesser Slave Lake area alone, about 15 were burning out of control. Penn West Exploration (TSX:PWT) and Exall Energy Corp. (TSX:EE) have shut down production in that region.
The fires were also causing problems near Canadian Natural’s Horizon mine north of Fort McMurray, Alta..
Flames came close to a work camp on Monday, but on Tuesday that danger had largely passed. Two lodges have been evacuated and the 1,300 workers have not yet been cleared to return.
The company was also working to keep flames away from blocks of sulphur, which are a byproduct of the oilsands extraction process. Laut said that material is flammable, and could release harmful emissions if it burns.
Canadian Natural is in the process of rebuilding part of an upgrader that was badly damaged in a fire in January, and production at Horizon isn’t expected to start up until next month.
“Obviously we haven’t done anything yesterday, and I don’t know if we’re doing anything today, mainly because there’s a lot of smoke going through there,” Laut said Tuesday. “You don’t want to take a safety risk.”
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 European markets suffered a bout of profit-taking on Tuesday
VANCOUVER, BC (May 17, 2011) Clearlease Reports European markets suffered a bout of profit-taking on Tuesday as disappointing economic data, press reports of a Greek debt restructuring, and bad news from US tech stock Hewlett-Packard soured sentiment.
There was speculation of a “soft restructuring” of Greece’s debt, as the €110bn bail-out issued last year hasn’t brought an end to its sovereign concerns. The prime minister of Luxembourg, Jean-Claude Juncker – who is also the chair of the Eurozone finance ministers – said Greece’s debt “at the moment is unsustainable.” “If Greece makes all these efforts, then we must see if it is possible to make a soft restructuring of Greek debt. I am strictly opposed to a major restructuring of Greek debt,” he said.
The Dax in Frankfurt took a tumble on weaker-than-expected economic news. The ZEW Indicator of Economic Sentiment fell to 3.1 in May, down from 7.6 in April, and significantly below the indicator’s historical average of 26.5 points, ZEW said. “It came as a surprise that the German economy recovered from the crisis that quickly. This strong dynamic is not going to last undamped. Also, risks, such as the crisis in the Eurozone and global economic imbalances, should be recognised,” says ZEW president Wolfgang Franz.
Meanwhile, tech stocks were under a cloud after a leaked memo to Hewlett-Packard employees from the computer maker’s chief executive Leo Apotheker in which he warned staff to expect “another tough quarter”. While the group had to report its results a day earlier than planned after the embarrassing slip-up, which revealed that the firm had lowered its guidance for the current quarter and full-year.
German software giant SAP, with its dependence on the corporate market, was friendless, as were computer chip firms Infineon and ST Microelectronics.
French conglomerate Bouygues was the worst performer on the CAC after it saw first quarter profit slump 81% from a year earlier to €34m, despite sales rising 4% €6.69bn from €6.44bn the year before. Analysts had pencilled in €106m for net income, but were bang on the money with their sales forecast.
French supermarket giant Carrefour was the only riser in Paris after holding a day of presentations to the investment community, as it seeks to restore confidence following a spare of profit warnings and management stumbles. The company reiterated its intention to achieve growth in sales and operating profit this year, even though it said trading in western Europe remained difficult. The picture is brighter in Asia and Latin America, while the retailer also expressed pleasure at the performance of its Planet Carrefour hypermarkets. Carrefour also confirmed plans to spin off its discount chain, Dia, and list it in Madrid.
Austrian oil outfit OMV finished in the red after announcing it is to tap up shareholders for €900m in order to fund its recent acquisitions in Tunisia and Turkey. The company is issuing up to 27.3m new shares, and offering them to shareholders on the basis of 1 new share for every 11 held, at a maximum price per share of €33, a premium to the prevailing share price.
Well after stock market trading closed in Europe last night German car maker Daimler and UK engine designer Rolls-Royce announced they had won the approval of the board of Tognum for their revised offer for the German engine supplier. Nevertheless, both Daimler and Tognum fell lower in Frankfurt. The offer price will be increased by €2 to €26 per share and the acceptance period will be extended to June 1, 2011, Rolls-Royce said. The acceptance level will be lowered to 30%.
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 17, 2011) Clearlease Reports European markets suffered a bout of profit-taking on Tuesday as disappointing economic data, press reports of a Greek debt restructuring, and bad news from US tech stock Hewlett-Packard soured sentiment.
There was speculation of a “soft restructuring” of Greece’s debt, as the €110bn bail-out issued last year hasn’t brought an end to its sovereign concerns. The prime minister of Luxembourg, Jean-Claude Juncker – who is also the chair of the Eurozone finance ministers – said Greece’s debt “at the moment is unsustainable.” “If Greece makes all these efforts, then we must see if it is possible to make a soft restructuring of Greek debt. I am strictly opposed to a major restructuring of Greek debt,” he said.
The Dax in Frankfurt took a tumble on weaker-than-expected economic news. The ZEW Indicator of Economic Sentiment fell to 3.1 in May, down from 7.6 in April, and significantly below the indicator’s historical average of 26.5 points, ZEW said. “It came as a surprise that the German economy recovered from the crisis that quickly. This strong dynamic is not going to last undamped. Also, risks, such as the crisis in the Eurozone and global economic imbalances, should be recognised,” says ZEW president Wolfgang Franz.
Meanwhile, tech stocks were under a cloud after a leaked memo to Hewlett-Packard employees from the computer maker’s chief executive Leo Apotheker in which he warned staff to expect “another tough quarter”. While the group had to report its results a day earlier than planned after the embarrassing slip-up, which revealed that the firm had lowered its guidance for the current quarter and full-year.
German software giant SAP, with its dependence on the corporate market, was friendless, as were computer chip firms Infineon and ST Microelectronics.
French conglomerate Bouygues was the worst performer on the CAC after it saw first quarter profit slump 81% from a year earlier to €34m, despite sales rising 4% €6.69bn from €6.44bn the year before. Analysts had pencilled in €106m for net income, but were bang on the money with their sales forecast.
French supermarket giant Carrefour was the only riser in Paris after holding a day of presentations to the investment community, as it seeks to restore confidence following a spare of profit warnings and management stumbles. The company reiterated its intention to achieve growth in sales and operating profit this year, even though it said trading in western Europe remained difficult. The picture is brighter in Asia and Latin America, while the retailer also expressed pleasure at the performance of its Planet Carrefour hypermarkets. Carrefour also confirmed plans to spin off its discount chain, Dia, and list it in Madrid.
Austrian oil outfit OMV finished in the red after announcing it is to tap up shareholders for €900m in order to fund its recent acquisitions in Tunisia and Turkey. The company is issuing up to 27.3m new shares, and offering them to shareholders on the basis of 1 new share for every 11 held, at a maximum price per share of €33, a premium to the prevailing share price.
Well after stock market trading closed in Europe last night German car maker Daimler and UK engine designer Rolls-Royce announced they had won the approval of the board of Tognum for their revised offer for the German engine supplier. Nevertheless, both Daimler and Tognum fell lower in Frankfurt. The offer price will be increased by €2 to €26 per share and the acceptance period will be extended to June 1, 2011, Rolls-Royce said. The acceptance level will be lowered to 30%.
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 European markets suffered a bout of profit-taking on Tuesday
VANCOUVER, BC (May 17, 2011) Clearlease Reports European markets suffered a bout of profit-taking on Tuesday as disappointing economic data, press reports of a Greek debt restructuring, and bad news from US tech stock Hewlett-Packard soured sentiment.
There was speculation of a “soft restructuring” of Greece’s debt, as the €110bn bail-out issued last year hasn’t brought an end to its sovereign concerns. The prime minister of Luxembourg, Jean-Claude Juncker – who is also the chair of the Eurozone finance ministers – said Greece’s debt “at the moment is unsustainable.” “If Greece makes all these efforts, then we must see if it is possible to make a soft restructuring of Greek debt. I am strictly opposed to a major restructuring of Greek debt,” he said.
The Dax in Frankfurt took a tumble on weaker-than-expected economic news. The ZEW Indicator of Economic Sentiment fell to 3.1 in May, down from 7.6 in April, and significantly below the indicator’s historical average of 26.5 points, ZEW said. “It came as a surprise that the German economy recovered from the crisis that quickly. This strong dynamic is not going to last undamped. Also, risks, such as the crisis in the Eurozone and global economic imbalances, should be recognised,” says ZEW president Wolfgang Franz.
Meanwhile, tech stocks were under a cloud after a leaked memo to Hewlett-Packard employees from the computer maker’s chief executive Leo Apotheker in which he warned staff to expect “another tough quarter”. While the group had to report its results a day earlier than planned after the embarrassing slip-up, which revealed that the firm had lowered its guidance for the current quarter and full-year.
German software giant SAP, with its dependence on the corporate market, was friendless, as were computer chip firms Infineon and ST Microelectronics.
French conglomerate Bouygues was the worst performer on the CAC after it saw first quarter profit slump 81% from a year earlier to €34m, despite sales rising 4% €6.69bn from €6.44bn the year before. Analysts had pencilled in €106m for net income, but were bang on the money with their sales forecast.
French supermarket giant Carrefour was the only riser in Paris after holding a day of presentations to the investment community, as it seeks to restore confidence following a spare of profit warnings and management stumbles. The company reiterated its intention to achieve growth in sales and operating profit this year, even though it said trading in western Europe remained difficult. The picture is brighter in Asia and Latin America, while the retailer also expressed pleasure at the performance of its Planet Carrefour hypermarkets. Carrefour also confirmed plans to spin off its discount chain, Dia, and list it in Madrid.
Austrian oil outfit OMV finished in the red after announcing it is to tap up shareholders for €900m in order to fund its recent acquisitions in Tunisia and Turkey. The company is issuing up to 27.3m new shares, and offering them to shareholders on the basis of 1 new share for every 11 held, at a maximum price per share of €33, a premium to the prevailing share price.
Well after stock market trading closed in Europe last night German car maker Daimler and UK engine designer Rolls-Royce announced they had won the approval of the board of Tognum for their revised offer for the German engine supplier. Nevertheless, both Daimler and Tognum fell lower in Frankfurt. The offer price will be increased by €2 to €26 per share and the acceptance period will be extended to June 1, 2011, Rolls-Royce said. The acceptance level will be lowered to 30%.
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 stocks recovered from early trading losses
VANCOUVER, BC (May 17, 2011) Clearlease Reports Canadian stocks recovered from early trading losses to move just above the unchanged line Tuesday morning amid buying in base-metals and energy stocks despite weak commodities and lingering worries over euro zone debt situation.
Earlier today, Statistics Canada said that foreign investment in Canadian securities more than doubled in March. It may be recalled that the main index advanced to a fresh 31-month peak near 14,300 in March 2011.
The S&P/TSX Composite Index edged up 2.11 points or 0.02 percent to 13,393.46, a day after snapping its 4-session losing streak.
The price of crude oil was extending losses, with crude for June shedding $1.80 to $95.57 a barrel. Today after the markets close, the API will release its report on U.S. crude oil inventories for the week ended May 13. Analysts expect crude oil inventories to increase by 1 million barrels and gasoline stocks to gain by 1.30 million barrels last week.
In the oil patch, energy company Tourmaline Oil Corp. (TOU.TO) surged over 4 percent after announcing the closure of $174 million equity offering.
Heritage Oil Corp. (HOC.TO) soared over 10 percent.
Oil and gas producer Enerplus Corp. (ERF.TO) added nearly 4 percent after it said it would sell a portion of its non-operated natural gas properties in the Marcellus shale formation for about $575 million.
Among base-metals miners, Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) gained around 2 percent each.
HudBay Minerals (HBM.TO) was up nearly 3 percent after reporting improved first quarter net profits of C$16.8 million or C$0.11 per share compared to C$10.6 million or C$0.07 per share in the prior year quarter.
In the financial space, TD Bank (TD.TO) and National Bank (NA.TO) gained over 1 percent each.
Gold for June lost $10.00 to $1,480.60 an ounce.
Detour Gold (DGC.TO) lost nearly 2 percent and Goldcorp. (G.TO) was down 1 percent.
Barrick Gold (ABX.TO) slipped 0.70 percent. The company today announced that it got clearance from Investment Canada for the acquisition of Equinox Minerals (EQN.TO)
Mexico focused precious metals miner Primero Mining (P.TO) lost nearly 2 percent after reporting a wider first quarter net loss of $7.9 million or $0.09 per share compared with $318,000 or $0.11 per share a year earlier.
Martinrea International (MRE.TO) shed 0.80 percent. The auto parts maker said it, along with its partner, would buy the assets of Honsel AG, a German based supplier of automotive components for about $179 million.
AbitibiBowater Inc. (ABH.TO) surrendered over 4 percent. The specialty paper company swung to profit in first quarter, reporting net income of $30 million or $0.31 per share, compared to a loss of $500 million or $8.68 per share.
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 17, 2011) Clearlease Reports Canadian stocks recovered from early trading losses to move just above the unchanged line Tuesday morning amid buying in base-metals and energy stocks despite weak commodities and lingering worries over euro zone debt situation.
Earlier today, Statistics Canada said that foreign investment in Canadian securities more than doubled in March. It may be recalled that the main index advanced to a fresh 31-month peak near 14,300 in March 2011.
The S&P/TSX Composite Index edged up 2.11 points or 0.02 percent to 13,393.46, a day after snapping its 4-session losing streak.
The price of crude oil was extending losses, with crude for June shedding $1.80 to $95.57 a barrel. Today after the markets close, the API will release its report on U.S. crude oil inventories for the week ended May 13. Analysts expect crude oil inventories to increase by 1 million barrels and gasoline stocks to gain by 1.30 million barrels last week.
In the oil patch, energy company Tourmaline Oil Corp. (TOU.TO) surged over 4 percent after announcing the closure of $174 million equity offering.
Heritage Oil Corp. (HOC.TO) soared over 10 percent.
Oil and gas producer Enerplus Corp. (ERF.TO) added nearly 4 percent after it said it would sell a portion of its non-operated natural gas properties in the Marcellus shale formation for about $575 million.
Among base-metals miners, Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) gained around 2 percent each.
HudBay Minerals (HBM.TO) was up nearly 3 percent after reporting improved first quarter net profits of C$16.8 million or C$0.11 per share compared to C$10.6 million or C$0.07 per share in the prior year quarter.
In the financial space, TD Bank (TD.TO) and National Bank (NA.TO) gained over 1 percent each.
Gold for June lost $10.00 to $1,480.60 an ounce.
Detour Gold (DGC.TO) lost nearly 2 percent and Goldcorp. (G.TO) was down 1 percent.
Barrick Gold (ABX.TO) slipped 0.70 percent. The company today announced that it got clearance from Investment Canada for the acquisition of Equinox Minerals (EQN.TO)
Mexico focused precious metals miner Primero Mining (P.TO) lost nearly 2 percent after reporting a wider first quarter net loss of $7.9 million or $0.09 per share compared with $318,000 or $0.11 per share a year earlier.
Martinrea International (MRE.TO) shed 0.80 percent. The auto parts maker said it, along with its partner, would buy the assets of Honsel AG, a German based supplier of automotive components for about $179 million.
AbitibiBowater Inc. (ABH.TO) surrendered over 4 percent. The specialty paper company swung to profit in first quarter, reporting net income of $30 million or $0.31 per share, compared to a loss of $500 million or $8.68 per share.
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 stocks recovered from early trading losses
VANCOUVER, BC (May 17, 2011) Clearlease Reports Canadian stocks recovered from early trading losses to move just above the unchanged line Tuesday morning amid buying in base-metals and energy stocks despite weak commodities and lingering worries over euro zone debt situation.
Earlier today, Statistics Canada said that foreign investment in Canadian securities more than doubled in March. It may be recalled that the main index advanced to a fresh 31-month peak near 14,300 in March 2011.
The S&P/TSX Composite Index edged up 2.11 points or 0.02 percent to 13,393.46, a day after snapping its 4-session losing streak.
The price of crude oil was extending losses, with crude for June shedding $1.80 to $95.57 a barrel. Today after the markets close, the API will release its report on U.S. crude oil inventories for the week ended May 13. Analysts expect crude oil inventories to increase by 1 million barrels and gasoline stocks to gain by 1.30 million barrels last week.
In the oil patch, energy company Tourmaline Oil Corp. (TOU.TO) surged over 4 percent after announcing the closure of $174 million equity offering.
Heritage Oil Corp. (HOC.TO) soared over 10 percent.
Oil and gas producer Enerplus Corp. (ERF.TO) added nearly 4 percent after it said it would sell a portion of its non-operated natural gas properties in the Marcellus shale formation for about $575 million.
Among base-metals miners, Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) gained around 2 percent each.
HudBay Minerals (HBM.TO) was up nearly 3 percent after reporting improved first quarter net profits of C$16.8 million or C$0.11 per share compared to C$10.6 million or C$0.07 per share in the prior year quarter.
In the financial space, TD Bank (TD.TO) and National Bank (NA.TO) gained over 1 percent each.
Gold for June lost $10.00 to $1,480.60 an ounce.
Detour Gold (DGC.TO) lost nearly 2 percent and Goldcorp. (G.TO) was down 1 percent.
Barrick Gold (ABX.TO) slipped 0.70 percent. The company today announced that it got clearance from Investment Canada for the acquisition of Equinox Minerals (EQN.TO)
Mexico focused precious metals miner Primero Mining (P.TO) lost nearly 2 percent after reporting a wider first quarter net loss of $7.9 million or $0.09 per share compared with $318,000 or $0.11 per share a year earlier.
Martinrea International (MRE.TO) shed 0.80 percent. The auto parts maker said it, along with its partner, would buy the assets of Honsel AG, a German based supplier of automotive components for about $179 million.
AbitibiBowater Inc. (ABH.TO) surrendered over 4 percent. The specialty paper company swung to profit in first quarter, reporting net income of $30 million or $0.31 per share, compared to a loss of $500 million or $8.68 per share.
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 Barrick Gold (TSX:ABX) and Equinox deal (TSX:EQN) will not require Investment Canada approval
VANCOUVER, BC (May 17, 2011) Clearlease Reports Barrick Gold Corp. (TSX:ABX) took another step Tuesday May 17, 2011 towards completing its proposed $7.3-billion acquisition of Equinox Minerals Ltd. (TSX:EQN), an Australian-Canadian copper company.
Toronto-based Barrick said Today it has received confirmation that the Investment Canada Act doesn’t apply to its proposed acquisition of Equinox, which has its main operations in Africa.
The act requires that takeovers of Canadian companies by foreign purchases provides a “net benefit” to Canada but it has rarely been used to block transactions.
Equinox has its corporate offices in Toronto and Perth, Australia.
Its flagship asset is the Lumwana copper mine in Zambia, one of the largest new copper mines to be developed globally over the last few years. It is also developing another copper mine in the Middle East.
The Australian government has previously said it won’t oppose Barrick acquisition of Equinox.
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 17, 2011) Clearlease Reports Barrick Gold Corp. (TSX:ABX) took another step Tuesday May 17, 2011 towards completing its proposed $7.3-billion acquisition of Equinox Minerals Ltd. (TSX:EQN), an Australian-Canadian copper company.
Toronto-based Barrick said Today it has received confirmation that the Investment Canada Act doesn’t apply to its proposed acquisition of Equinox, which has its main operations in Africa.
The act requires that takeovers of Canadian companies by foreign purchases provides a “net benefit” to Canada but it has rarely been used to block transactions.
Equinox has its corporate offices in Toronto and Perth, Australia.
Its flagship asset is the Lumwana copper mine in Zambia, one of the largest new copper mines to be developed globally over the last few years. It is also developing another copper mine in the Middle East.
The Australian government has previously said it won’t oppose Barrick acquisition of Equinox.
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 Barrick Gold (TSX:ABX) and Equinox deal (TSX:EQN) will not require Investment Canada approval
VANCOUVER, BC (May 17, 2011) Clearlease Reports Barrick Gold Corp. (TSX:ABX) took another step Tuesday May 17, 2011 towards completing its proposed $7.3-billion acquisition of Equinox Minerals Ltd. (TSX:EQN), an Australian-Canadian copper company.
Toronto-based Barrick said Today it has received confirmation that the Investment Canada Act doesn’t apply to its proposed acquisition of Equinox, which has its main operations in Africa.
The act requires that takeovers of Canadian companies by foreign purchases provides a “net benefit” to Canada but it has rarely been used to block transactions.
Equinox has its corporate offices in Toronto and Perth, Australia.
Its flagship asset is the Lumwana copper mine in Zambia, one of the largest new copper mines to be developed globally over the last few years. It is also developing another copper mine in the Middle East.
The Australian government has previously said it won’t oppose Barrick acquisition of Equinox.
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.
