Dominion Lending Centres Clearlease Reports H&R Block (NYSE: HRB ) tumbles on report investors to pursue buybacks of bad mortgages written by shut unit

Dominion Lending Centres Clearlease Reports H&R Block (NYSE: HRB ) tumbles on report investors to pursue buybacks of bad mortgages written by shut unit

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Shares of H&R Block Inc. (NYSE: HRB ) lost nearly 8 per cent Monday on renewed fears that the company will be dragged back into the subprime mortgage mess.

News that a group of mortgage bond investors may try to force H&R Block’s former mortgage unit to buy back potentially billions of dollars in defaulted home loans sent shares sliding.

The mortgages written by Block’s former Option One unit, which stopped issuing new loans in December 2007, have been a recurring issue for investors in recent years, but one that had been discounted lately.

Morgan Stanley analyst Vance Edelson said that many — but not all — Block investors had grown complacent about the mortgage issue over the past year. Yet the topic has been raised on every recent conference call. “This has remained part of the investor debate, because many investors have realized that H&R Block is not entirely out of the woods on this issue.”

At the end of its fiscal third quarter in March, then-CEO Alan Bennett said the unit created to deal with the remaining mortgage issues, Sand Canyon Corp., had $131 million in reserve to cover potential claims, and that claims were coming in “within reserved expectations.”

The exact amount of loans in question is not yet known.

Dallas attorney Talcott Franklin told The Associated Press he is still bringing together the group of investors in mortgage bonds backed by bad Option One loans. Once it is assembled, the group will press H&R Block to repurchase the soured agreements. “At this stage you don’t really know what you have, until you actually get confirmation of those holdings,” he said.

Some analysts have estimated the bonds purchased by banks and other non-government entities could add up to as much as $100 billion.

An H&R Block spokesman said the company has not received any requests, and cannot comment on actions by outside parties. During a conference call late last month, Bennett said the company would provide “a full update” on mortgage activity when it reports fiscal full-year results on June 23.

Morgan Stanley’s Edelson said the company has a number of factors on its side. To force the buyback, bond investors would have to prove there was wrongdoing in the mortgage lending on some level, not simply that a homeowner defaulted on an Option One loan, he said.

“This could be a messy situation that takes years to litigate, because going through all the paperwork is a painstaking process,” Edelson said.

Earlier this year, the analyst pointed out to clients that Option One had avoided home equity loans and second liens, which are a typical generator of buybacks. Plus, Block did little business with government sponsored enterprises Fannie Mae and Freddie Mac, which have been the source of most buybacks in the industry.

Franklin said the investors would only need to show a “material and adverse effect.” For example, Sand Canyon could be pressed to buy back loans where it could be shown that borrowers committed fraud by providing incorrect information that misrepresented their income. During the housing bubble, such loans were known as “liar’s loans” because individuals did not have to provide documentation for their income. “What do you think the odds are that some of the borrowers were, in fact, liars?” the attorney asked.

“A lot of this liability is back-end driven,” he added. “If the loan doesn’t have a loss associated with it, then there’s no repurchase.”

Franklin said he hopes the matter can be settled through negotiation, not litigation.

Concerns about the sputtering housing market may have provided fuel to the stock sell-off. With home prices remaining suppressed, and some suggesting the bottom of the market has not yet been reached, investors may be worried that a new round of foreclosures is on the way.

H&R Block shares fell $1.31, or 7.6 per cent, to close at $15.93. The stock has traded between $10.13 and $18.08 in the past 52 weeks, with the low point hit in October, the last time the mortgage issue came to the top of traders’ agenda.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports H&R Block (NYSE: HRB ) tumbles on report investors to pursue buybacks of bad mortgages written by shut unit

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Shares of H&R Block Inc. (NYSE: HRB ) lost nearly 8 per cent Monday on renewed fears that the company will be dragged back into the subprime mortgage mess.

News that a group of mortgage bond investors may try to force H&R Block’s former mortgage unit to buy back potentially billions of dollars in defaulted home loans sent shares sliding.

The mortgages written by Block’s former Option One unit, which stopped issuing new loans in December 2007, have been a recurring issue for investors in recent years, but one that had been discounted lately.

Morgan Stanley analyst Vance Edelson said that many — but not all — Block investors had grown complacent about the mortgage issue over the past year. Yet the topic has been raised on every recent conference call. “This has remained part of the investor debate, because many investors have realized that H&R Block is not entirely out of the woods on this issue.”

At the end of its fiscal third quarter in March, then-CEO Alan Bennett said the unit created to deal with the remaining mortgage issues, Sand Canyon Corp., had $131 million in reserve to cover potential claims, and that claims were coming in “within reserved expectations.”

The exact amount of loans in question is not yet known.

Dallas attorney Talcott Franklin told The Associated Press he is still bringing together the group of investors in mortgage bonds backed by bad Option One loans. Once it is assembled, the group will press H&R Block to repurchase the soured agreements. “At this stage you don’t really know what you have, until you actually get confirmation of those holdings,” he said.

Some analysts have estimated the bonds purchased by banks and other non-government entities could add up to as much as $100 billion.

An H&R Block spokesman said the company has not received any requests, and cannot comment on actions by outside parties. During a conference call late last month, Bennett said the company would provide “a full update” on mortgage activity when it reports fiscal full-year results on June 23.

Morgan Stanley’s Edelson said the company has a number of factors on its side. To force the buyback, bond investors would have to prove there was wrongdoing in the mortgage lending on some level, not simply that a homeowner defaulted on an Option One loan, he said.

“This could be a messy situation that takes years to litigate, because going through all the paperwork is a painstaking process,” Edelson said.

Earlier this year, the analyst pointed out to clients that Option One had avoided home equity loans and second liens, which are a typical generator of buybacks. Plus, Block did little business with government sponsored enterprises Fannie Mae and Freddie Mac, which have been the source of most buybacks in the industry.

Franklin said the investors would only need to show a “material and adverse effect.” For example, Sand Canyon could be pressed to buy back loans where it could be shown that borrowers committed fraud by providing incorrect information that misrepresented their income. During the housing bubble, such loans were known as “liar’s loans” because individuals did not have to provide documentation for their income. “What do you think the odds are that some of the borrowers were, in fact, liars?” the attorney asked.

“A lot of this liability is back-end driven,” he added. “If the loan doesn’t have a loss associated with it, then there’s no repurchase.”

Franklin said he hopes the matter can be settled through negotiation, not litigation.

Concerns about the sputtering housing market may have provided fuel to the stock sell-off. With home prices remaining suppressed, and some suggesting the bottom of the market has not yet been reached, investors may be worried that a new round of foreclosures is on the way.

H&R Block shares fell $1.31, or 7.6 per cent, to close at $15.93. The stock has traded between $10.13 and $18.08 in the past 52 weeks, with the low point hit in October, the last time the mortgage issue came to the top of traders’ agenda.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports H&R Block (NYSE: HRB ) tumbles on report investors to pursue buybacks of bad mortgages written by shut unit

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Shares of H&R Block Inc. (NYSE: HRB ) lost nearly 8 per cent Monday on renewed fears that the company will be dragged back into the subprime mortgage mess.

News that a group of mortgage bond investors may try to force H&R Block’s former mortgage unit to buy back potentially billions of dollars in defaulted home loans sent shares sliding.

The mortgages written by Block’s former Option One unit, which stopped issuing new loans in December 2007, have been a recurring issue for investors in recent years, but one that had been discounted lately.

Morgan Stanley analyst Vance Edelson said that many — but not all — Block investors had grown complacent about the mortgage issue over the past year. Yet the topic has been raised on every recent conference call. “This has remained part of the investor debate, because many investors have realized that H&R Block is not entirely out of the woods on this issue.”

At the end of its fiscal third quarter in March, then-CEO Alan Bennett said the unit created to deal with the remaining mortgage issues, Sand Canyon Corp., had $131 million in reserve to cover potential claims, and that claims were coming in “within reserved expectations.”

The exact amount of loans in question is not yet known.

Dallas attorney Talcott Franklin told The Associated Press he is still bringing together the group of investors in mortgage bonds backed by bad Option One loans. Once it is assembled, the group will press H&R Block to repurchase the soured agreements. “At this stage you don’t really know what you have, until you actually get confirmation of those holdings,” he said.

Some analysts have estimated the bonds purchased by banks and other non-government entities could add up to as much as $100 billion.

An H&R Block spokesman said the company has not received any requests, and cannot comment on actions by outside parties. During a conference call late last month, Bennett said the company would provide “a full update” on mortgage activity when it reports fiscal full-year results on June 23.

Morgan Stanley’s Edelson said the company has a number of factors on its side. To force the buyback, bond investors would have to prove there was wrongdoing in the mortgage lending on some level, not simply that a homeowner defaulted on an Option One loan, he said.

“This could be a messy situation that takes years to litigate, because going through all the paperwork is a painstaking process,” Edelson said.

Earlier this year, the analyst pointed out to clients that Option One had avoided home equity loans and second liens, which are a typical generator of buybacks. Plus, Block did little business with government sponsored enterprises Fannie Mae and Freddie Mac, which have been the source of most buybacks in the industry.

Franklin said the investors would only need to show a “material and adverse effect.” For example, Sand Canyon could be pressed to buy back loans where it could be shown that borrowers committed fraud by providing incorrect information that misrepresented their income. During the housing bubble, such loans were known as “liar’s loans” because individuals did not have to provide documentation for their income. “What do you think the odds are that some of the borrowers were, in fact, liars?” the attorney asked.

“A lot of this liability is back-end driven,” he added. “If the loan doesn’t have a loss associated with it, then there’s no repurchase.”

Franklin said he hopes the matter can be settled through negotiation, not litigation.

Concerns about the sputtering housing market may have provided fuel to the stock sell-off. With home prices remaining suppressed, and some suggesting the bottom of the market has not yet been reached, investors may be worried that a new round of foreclosures is on the way.

H&R Block shares fell $1.31, or 7.6 per cent, to close at $15.93. The stock has traded between $10.13 and $18.08 in the past 52 weeks, with the low point hit in October, the last time the mortgage issue came to the top of traders’ agenda.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data

Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data

Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data

VANCOUVER, BC – (May 10, 2011) Clearlease Reports The Canadian dollar advanced against the greenback Tuesday as solid trade data from China improved confidence about the global growth outlook.

The loonie was up 0.53 of a cent to 104.31 cents US.

China’s global trade surplus widened to US$11.4 billion in April as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 per cent.

The gap exceeded private sector forecasts of US$5 billion to $10 billion and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.

Traders will also be anxiously eyeing the latest inflation data from China Wednesday. Inflation has been stubbornly high and China has made several moves to slow the economy to control high prices, especially for food.

Metal prices headed higher following the release of the Chinese trade data with the July copper contract on the Nymex up five cents to US$4.06 a pound.

However, oil prices headed lower as traders looked ahead to U.S. inventory figures coming out later in the day while U.S. exchange operator CME Group said it is raising the margin requirements for trade in a wide range of oil products. This is CME’s third increase in oil maintenance margins this year.

“Changes in margins tend to drive temporary price fluctuations, while strong Chinese exports are supportive of longer term oil prices,” observed Scotia Capital chief currency strategist Camilla Sutton.

“Accordingly, we view recent events as positive for oil prices, the Canadian economy and the Canadian dollar.”

Crude inventories likely rose 1.6 million barrels last week, continuing an uptrend since early January, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.

The June crude contract on the New York Mercantile Exchange declined 68 cents to US$101.87 a barrel.

Bullion prices also advanced with the June gold contract on the Nymex up $12.40 to US$1,515.60 an ounce.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data

VANCOUVER, BC – (May 10, 2011) Clearlease Reports The Canadian dollar advanced against the greenback Tuesday as solid trade data from China improved confidence about the global growth outlook.

The loonie was up 0.53 of a cent to 104.31 cents US.

China’s global trade surplus widened to US$11.4 billion in April as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 per cent.

The gap exceeded private sector forecasts of US$5 billion to $10 billion and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.

Traders will also be anxiously eyeing the latest inflation data from China Wednesday. Inflation has been stubbornly high and China has made several moves to slow the economy to control high prices, especially for food.

Metal prices headed higher following the release of the Chinese trade data with the July copper contract on the Nymex up five cents to US$4.06 a pound.

However, oil prices headed lower as traders looked ahead to U.S. inventory figures coming out later in the day while U.S. exchange operator CME Group said it is raising the margin requirements for trade in a wide range of oil products. This is CME’s third increase in oil maintenance margins this year.

“Changes in margins tend to drive temporary price fluctuations, while strong Chinese exports are supportive of longer term oil prices,” observed Scotia Capital chief currency strategist Camilla Sutton.

“Accordingly, we view recent events as positive for oil prices, the Canadian economy and the Canadian dollar.”

Crude inventories likely rose 1.6 million barrels last week, continuing an uptrend since early January, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.

The June crude contract on the New York Mercantile Exchange declined 68 cents to US$101.87 a barrel.

Bullion prices also advanced with the June gold contract on the Nymex up $12.40 to US$1,515.60 an ounce.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data

VANCOUVER, BC – (May 10, 2011) Clearlease Reports The Canadian dollar advanced against the greenback Tuesday as solid trade data from China improved confidence about the global growth outlook.

The loonie was up 0.53 of a cent to 104.31 cents US.

China’s global trade surplus widened to US$11.4 billion in April as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 per cent.

The gap exceeded private sector forecasts of US$5 billion to $10 billion and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.

Traders will also be anxiously eyeing the latest inflation data from China Wednesday. Inflation has been stubbornly high and China has made several moves to slow the economy to control high prices, especially for food.

Metal prices headed higher following the release of the Chinese trade data with the July copper contract on the Nymex up five cents to US$4.06 a pound.

However, oil prices headed lower as traders looked ahead to U.S. inventory figures coming out later in the day while U.S. exchange operator CME Group said it is raising the margin requirements for trade in a wide range of oil products. This is CME’s third increase in oil maintenance margins this year.

“Changes in margins tend to drive temporary price fluctuations, while strong Chinese exports are supportive of longer term oil prices,” observed Scotia Capital chief currency strategist Camilla Sutton.

“Accordingly, we view recent events as positive for oil prices, the Canadian economy and the Canadian dollar.”

Crude inventories likely rose 1.6 million barrels last week, continuing an uptrend since early January, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.

The June crude contract on the New York Mercantile Exchange declined 68 cents to US$101.87 a barrel.

Bullion prices also advanced with the June gold contract on the Nymex up $12.40 to US$1,515.60 an ounce.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Sony aims to fully restore PlayStation Network, down by hacker attack, by end of May

Dominion Lending Centres Clearlease Reports Sony aims to fully restore PlayStation Network, down by hacker attack, by end of May

Dominion Lending Centres Clearlease Reports Sony aims to fully restore PlayStation Network, down by hacker attack, by end of May

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Sony said Tuesday it aimed to fully restore its PlayStation Network, shut down after a massive security breach affecting over 100 million online accounts, by the end of May.

Sony also confirmed that personal data from 24.6 million user accounts was stolen in the hacker attack last month. Personal data, including credit card numbers, might have been stolen from another 77 million PlayStation accounts, said Sony Computer Entertainment Inc. spokesman Satoshi Fukuoka.

He said Sony has not received any reports of illegal uses of stolen information, and the company is continuing its probe into the hacker attack. He declined to give details on the investigation.

Sony shut down the PlayStation network, a system that links gamers worldwide in live play, on April 20 after discovering the security breach. The network also allows users to upgrade and download games and other content.

Sony was under heavy criticism over its handling of the network intrusion. The company did not notify consumers of the breach until April 26 even though it began investigating unusual activity on the network since April 19.

Last month, U.S. lawyers filed a lawsuit against Sony on behalf of lead plaintiff Kristopher Johns for negligent protection of personal data and failure to inform players in a timely fashion that their credit card information may have been stolen. The lawsuit seeks class-action status.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Sony aims to fully restore PlayStation Network, down by hacker attack, by end of May

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Sony said Tuesday it aimed to fully restore its PlayStation Network, shut down after a massive security breach affecting over 100 million online accounts, by the end of May.

Sony also confirmed that personal data from 24.6 million user accounts was stolen in the hacker attack last month. Personal data, including credit card numbers, might have been stolen from another 77 million PlayStation accounts, said Sony Computer Entertainment Inc. spokesman Satoshi Fukuoka.

He said Sony has not received any reports of illegal uses of stolen information, and the company is continuing its probe into the hacker attack. He declined to give details on the investigation.

Sony shut down the PlayStation network, a system that links gamers worldwide in live play, on April 20 after discovering the security breach. The network also allows users to upgrade and download games and other content.

Sony was under heavy criticism over its handling of the network intrusion. The company did not notify consumers of the breach until April 26 even though it began investigating unusual activity on the network since April 19.

Last month, U.S. lawyers filed a lawsuit against Sony on behalf of lead plaintiff Kristopher Johns for negligent protection of personal data and failure to inform players in a timely fashion that their credit card information may have been stolen. The lawsuit seeks class-action status.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Sony aims to fully restore PlayStation Network, down by hacker attack, by end of May

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Sony said Tuesday it aimed to fully restore its PlayStation Network, shut down after a massive security breach affecting over 100 million online accounts, by the end of May.

Sony also confirmed that personal data from 24.6 million user accounts was stolen in the hacker attack last month. Personal data, including credit card numbers, might have been stolen from another 77 million PlayStation accounts, said Sony Computer Entertainment Inc. spokesman Satoshi Fukuoka.

He said Sony has not received any reports of illegal uses of stolen information, and the company is continuing its probe into the hacker attack. He declined to give details on the investigation.

Sony shut down the PlayStation network, a system that links gamers worldwide in live play, on April 20 after discovering the security breach. The network also allows users to upgrade and download games and other content.

Sony was under heavy criticism over its handling of the network intrusion. The company did not notify consumers of the breach until April 26 even though it began investigating unusual activity on the network since April 19.

Last month, U.S. lawyers filed a lawsuit against Sony on behalf of lead plaintiff Kristopher Johns for negligent protection of personal data and failure to inform players in a timely fashion that their credit card information may have been stolen. The lawsuit seeks class-action status.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Microsoft (NASDAQ: MSFT) to buy Internet phone company Skype for $8.5 billion

Dominion Lending Centres Clearlease Reports Microsoft (NASDAQ: MSFT) to buy Internet phone company Skype for $8.5 billion

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Microsoft (NASDAQ: MSFT) has agreed to buy the popular Internet telephone service Skype for $8.5 billion in the biggest deal in the software maker’s 36-year history, Tuesday May 10, 2011.

Buying Skype would give Microsoft a potentially valuable communications tool as it tries to make a bigger splash on the Internet and become a bigger force in the increasingly important smartphone market.

The sellers include eBay and private equity firms Silver Lake and Andreessen Horowitz.

Skype boasts about 663 million users worldwide. According to regulatory documents, Skype users made 207 billion minutes of voice and video calls last year.

Most people use Skype’s free calling services, which has made it difficult for the service to make money since entrepreneurs Niklas Zennstrom and Janus Friis started the company in 2003.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Microsoft (NASDAQ: MSFT) has agreed to buy the popular Internet telephone service Skype for $8.5 billion in the biggest deal in the software maker’s 36-year history, Tuesday May 10, 2011.

Buying Skype would give Microsoft a potentially valuable communications tool as it tries to make a bigger splash on the Internet and become a bigger force in the increasingly important smartphone market.

The sellers include eBay and private equity firms Silver Lake and Andreessen Horowitz.

Skype boasts about 663 million users worldwide. According to regulatory documents, Skype users made 207 billion minutes of voice and video calls last year.

Most people use Skype’s free calling services, which has made it difficult for the service to make money since entrepreneurs Niklas Zennstrom and Janus Friis started the company in 2003.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Microsoft (NASDAQ: MSFT) to buy Internet phone company Skype for $8.5 billion

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Microsoft (NASDAQ: MSFT) has agreed to buy the popular Internet telephone service Skype for $8.5 billion in the biggest deal in the software maker’s 36-year history, Tuesday May 10, 2011.

Buying Skype would give Microsoft a potentially valuable communications tool as it tries to make a bigger splash on the Internet and become a bigger force in the increasingly important smartphone market.

The sellers include eBay and private equity firms Silver Lake and Andreessen Horowitz.

Skype boasts about 663 million users worldwide. According to regulatory documents, Skype users made 207 billion minutes of voice and video calls last year.

Most people use Skype’s free calling services, which has made it difficult for the service to make money since entrepreneurs Niklas Zennstrom and Janus Friis started the company in 2003.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Egypt’s annual inflation rate climbs past 12 per cent on surging food prices

Dominion Lending Centres Clearlease Reports Egypt’s annual inflation rate climbs past 12 per cent on surging food prices

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Government figures show that Egypt’s annual inflation rate spiked past 12 per cent in April, dragged higher by an increase in food prices that had also helped precipitate the uprising against former President Hosni Mubarak.

The Central Agency for Public Mobilization and Statistics said Tuesday that annual urban inflation climbed to 12.1 per cent in April compared to 11.5 per cent in March. The statistical agency said food prices were up 20.7 per cent in April compared to the same month last year.

Surging food prices, along with inflation, were among the catalysts for the uprisings that toppled Mubarak.

Since then, the economy has been battered by waves of labour unrest, a drop in foreign direct investment and tourism and a sharp decline in net international reserves.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Government figures show that Egypt’s annual inflation rate spiked past 12 per cent in April, dragged higher by an increase in food prices that had also helped precipitate the uprising against former President Hosni Mubarak.

The Central Agency for Public Mobilization and Statistics said Tuesday that annual urban inflation climbed to 12.1 per cent in April compared to 11.5 per cent in March. The statistical agency said food prices were up 20.7 per cent in April compared to the same month last year.

Surging food prices, along with inflation, were among the catalysts for the uprisings that toppled Mubarak.

Since then, the economy has been battered by waves of labour unrest, a drop in foreign direct investment and tourism and a sharp decline in net international reserves.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Egypt’s annual inflation rate climbs past 12 per cent on surging food prices

VANCOUVER, BC – (May 10, 2011) Clearlease Reports Government figures show that Egypt’s annual inflation rate spiked past 12 per cent in April, dragged higher by an increase in food prices that had also helped precipitate the uprising against former President Hosni Mubarak.

The Central Agency for Public Mobilization and Statistics said Tuesday that annual urban inflation climbed to 12.1 per cent in April compared to 11.5 per cent in March. The statistical agency said food prices were up 20.7 per cent in April compared to the same month last year.

Surging food prices, along with inflation, were among the catalysts for the uprisings that toppled Mubarak.

Since then, the economy has been battered by waves of labour unrest, a drop in foreign direct investment and tourism and a sharp decline in net international reserves.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Gasoline prices soar in Ontario, relatively steady or down elsewhere

Dominion Lending Centres Clearlease Reports Gasoline prices soar in Ontario, relatively steady or down elsewhere

Dominion Lending Centres Clearlease Reports Gasoline prices soar in Ontario, relatively steady or down elsewhere

VANCOUVER, BC – (May 10, 2011) Clearlease Reports The wild ride at gas pumps across Canada continues.

Prices shot up as much as much as six cents a litre in parts of Ontario this morning, May 10, 2011, in the wake of Monday’s boost in crude oil prices.

But according to price-tracker GasBuddy.com, increases are much more moderate elsewhere and even declined in many places.

In Toronto, motorist saw pump prices soar an average of more than 6.2 cents a litre to about $1.39, while in Kitchener-Waterloo the price was up more than 4.7 cents at $1.37 a litre.

On the other hand, Montreal saw its pump prices drop an average of 1.65 cents to $1.37, and in Vancouver prices were down 0.4 cents a litre at $1.37.

On Monday, the price of benchmark West Texas intermediate crude oil spiked 5.5 per cent to US$102.55 a barrel on the New York Mercantile Exchange, but is down 68 cents in early trading today.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Gasoline prices soar in Ontario, relatively steady or down elsewhere

VANCOUVER, BC – (May 10, 2011) Clearlease Reports The wild ride at gas pumps across Canada continues.

Prices shot up as much as much as six cents a litre in parts of Ontario this morning, May 10, 2011, in the wake of Monday’s boost in crude oil prices.

But according to price-tracker GasBuddy.com, increases are much more moderate elsewhere and even declined in many places.

In Toronto, motorist saw pump prices soar an average of more than 6.2 cents a litre to about $1.39, while in Kitchener-Waterloo the price was up more than 4.7 cents at $1.37 a litre.

On the other hand, Montreal saw its pump prices drop an average of 1.65 cents to $1.37, and in Vancouver prices were down 0.4 cents a litre at $1.37.

On Monday, the price of benchmark West Texas intermediate crude oil spiked 5.5 per cent to US$102.55 a barrel on the New York Mercantile Exchange, but is down 68 cents in early trading today.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Gasoline prices soar in Ontario, relatively steady or down elsewhere

VANCOUVER, BC – (May 10, 2011) Clearlease Reports The wild ride at gas pumps across Canada continues.

Prices shot up as much as much as six cents a litre in parts of Ontario this morning, May 10, 2011, in the wake of Monday’s boost in crude oil prices.

But according to price-tracker GasBuddy.com, increases are much more moderate elsewhere and even declined in many places.

In Toronto, motorist saw pump prices soar an average of more than 6.2 cents a litre to about $1.39, while in Kitchener-Waterloo the price was up more than 4.7 cents at $1.37 a litre.

On the other hand, Montreal saw its pump prices drop an average of 1.65 cents to $1.37, and in Vancouver prices were down 0.4 cents a litre at $1.37.

On Monday, the price of benchmark West Texas intermediate crude oil spiked 5.5 per cent to US$102.55 a barrel on the New York Mercantile Exchange, but is down 68 cents in early trading today.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports BlackBerry maker Research In Motion (TSX:RIM) maker could be on its own or part of group for bid on Nortel patents

Dominion Lending Centres Clearlease Reports BlackBerry maker Research In Motion (TSX:RIM) maker could be on its own or part of group for bid on Nortel patents

Reports BlackBerry maker Research In Motion (TSX:RIM) maker could be on its own or part of group for bid on Nortel patents

VANCOUVER, BC – (May 9, 2011) Clearlease Reports BlackBerry maker Research In Motion (TSX:RIM) could enter the bidding for Nortel’s remaining wireless patents either by itself or as part of a consortium that would try to snatch the prize from Google, a patent expert said Monday May 9, 2011.

A San Francisco-based patent-buying firm called RPX Corp. has indicated to a bankruptcy court that it may bid for the wireless patent assets of Nortel Networks Corp., formerly Canada’s biggest technology company.

There’s also been reports that other technology companies, including RIM, may be interested in bidding against Google Inc. (Nasdaq:GOOG), which has formally offered US$900 million as a “stalking horse” bid for an auction to be held in June.

“It wouldn’t surprise me for RIM to bid directly or to possibly create a consortium to bid against Google, said Ehrlickman.

He said it would be similar to a consortium of competitors — Apple, Microsoft, Oracle and EMC —that bid against Google. to purchase the Novell software patent portfolio.

RPX could also lead a consortium “that includes RIM and other telecommunication and Internet companies as members.”

“I believe a consortium is what’s most likely.”

RPX Corp. spokesman Greg Spector said Monday the company recently listed its shares on New York’s Nasdaq stock exchange and couldn’t make any public comments at this time.

Google, best known for its search engine, developed the Android operating system for smartphones and tablet computers. Android is used in devices made by companies such as LG Electronics, Samsung, HTC and Motorola.

“Clearly, the price point requires deep pockets from a cash standpoint,” said Ehrlickman, whose firm is in Boca Raton, Fla. He said the bidding has the potential to go up 50 per cent or more.

RIM became the dominant smartphone maker with a proprietary operating system that is nearing the end of its lifecyle. The company’s Torch smartphones use the next generation operating system but the Waterloo, Ont.-based company has acknowledged the importance of Android by announcing its new PlayBook tablet will eventually be able to run Android applications.

Ehrlickman said the Nortel technology includes advanced wireless network patents as well as audio, video, data networking, Internet, web search and social networking patents.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports BlackBerry maker Research In Motion (TSX:RIM) maker could be on its own or part of group for bid on Nortel patents

VANCOUVER, BC – (May 9, 2011) Clearlease Reports BlackBerry maker Research In Motion (TSX:RIM) could enter the bidding for Nortel’s remaining wireless patents either by itself or as part of a consortium that would try to snatch the prize from Google, a patent expert said Monday May 9, 2011.

A San Francisco-based patent-buying firm called RPX Corp. has indicated to a bankruptcy court that it may bid for the wireless patent assets of Nortel Networks Corp., formerly Canada’s biggest technology company.

There’s also been reports that other technology companies, including RIM, may be interested in bidding against Google Inc. (Nasdaq:GOOG), which has formally offered US$900 million as a “stalking horse” bid for an auction to be held in June.

“It wouldn’t surprise me for RIM to bid directly or to possibly create a consortium to bid against Google, said Ehrlickman.

He said it would be similar to a consortium of competitors — Apple, Microsoft, Oracle and EMC —that bid against Google. to purchase the Novell software patent portfolio.

RPX could also lead a consortium “that includes RIM and other telecommunication and Internet companies as members.”

“I believe a consortium is what’s most likely.”

RPX Corp. spokesman Greg Spector said Monday the company recently listed its shares on New York’s Nasdaq stock exchange and couldn’t make any public comments at this time.

Google, best known for its search engine, developed the Android operating system for smartphones and tablet computers. Android is used in devices made by companies such as LG Electronics, Samsung, HTC and Motorola.

“Clearly, the price point requires deep pockets from a cash standpoint,” said Ehrlickman, whose firm is in Boca Raton, Fla. He said the bidding has the potential to go up 50 per cent or more.

RIM became the dominant smartphone maker with a proprietary operating system that is nearing the end of its lifecyle. The company’s Torch smartphones use the next generation operating system but the Waterloo, Ont.-based company has acknowledged the importance of Android by announcing its new PlayBook tablet will eventually be able to run Android applications.

Ehrlickman said the Nortel technology includes advanced wireless network patents as well as audio, video, data networking, Internet, web search and social networking patents.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Reports BlackBerry maker Research In Motion (TSX:RIM) maker could be on its own or part of group for bid on Nortel patents

VANCOUVER, BC – (May 9, 2011) Clearlease Reports BlackBerry maker Research In Motion (TSX:RIM) could enter the bidding for Nortel’s remaining wireless patents either by itself or as part of a consortium that would try to snatch the prize from Google, a patent expert said Monday May 9, 2011.

A San Francisco-based patent-buying firm called RPX Corp. has indicated to a bankruptcy court that it may bid for the wireless patent assets of Nortel Networks Corp., formerly Canada’s biggest technology company.

There’s also been reports that other technology companies, including RIM, may be interested in bidding against Google Inc. (Nasdaq:GOOG), which has formally offered US$900 million as a “stalking horse” bid for an auction to be held in June.

“It wouldn’t surprise me for RIM to bid directly or to possibly create a consortium to bid against Google, said Ehrlickman.

He said it would be similar to a consortium of competitors — Apple, Microsoft, Oracle and EMC —that bid against Google. to purchase the Novell software patent portfolio.

RPX could also lead a consortium “that includes RIM and other telecommunication and Internet companies as members.”

“I believe a consortium is what’s most likely.”

RPX Corp. spokesman Greg Spector said Monday the company recently listed its shares on New York’s Nasdaq stock exchange and couldn’t make any public comments at this time.

Google, best known for its search engine, developed the Android operating system for smartphones and tablet computers. Android is used in devices made by companies such as LG Electronics, Samsung, HTC and Motorola.

“Clearly, the price point requires deep pockets from a cash standpoint,” said Ehrlickman, whose firm is in Boca Raton, Fla. He said the bidding has the potential to go up 50 per cent or more.

RIM became the dominant smartphone maker with a proprietary operating system that is nearing the end of its lifecyle. The company’s Torch smartphones use the next generation operating system but the Waterloo, Ont.-based company has acknowledged the importance of Android by announcing its new PlayBook tablet will eventually be able to run Android applications.

Ehrlickman said the Nortel technology includes advanced wireless network patents as well as audio, video, data networking, Internet, web search and social networking patents.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports GM Canada in a 'difficult position' as loonie rises, president says

Dominion Lending Centres Clearlease Reports GM Canada in a ‘difficult position’ as loonie rises, president says

Dominion Lending Centres Clearlease Reports GM Canada in a ‘difficult position’ as loonie rises, president says

VANCOUVER, BC – (May 9, 2011) Clearlease Reports The rising loonie has put GM Canada in a “difficult” position, and the automaker needs to work hard to drive down costs at its operations in Ontario to ensure they would be considered for future investment, the head of GM Canada said Monday.

“We have some work to do, our costs have gone up,” Kevin Williams, president and managing director of GM Canada told reporters after a lunch time speech to the Canadian Club of Toronto.

“The Canadian dollar doesn’t help us in that regard, particularly being a net exporter of products from Canada, and we’ve got to continue to work collaborative with the (Canadian Auto Workers union) and with the government to put ourselves in a much better light than we are today.”

The company employs more than 9,000 Canadians at Ontario plants in Ingersoll, St Catharines and Oshawa.

GM’s Canadian operations used to employ tens of thousands of workers before a series of cuts over the last decade or so pared the workforce significantly. The automaker shut down its truck plant in Oshawa, Ont., in 2009, shedding about 2,600 jobs, and closed its transmission plant in Windsor, Ont., last July, putting about 1,000 more people out of work.

Canada faces some significant challenges ahead as it tries to remain competitive on the world stage, Williams said. Those include the impact of a strengthening dollar, high commodity costs, high labour costs and, in some cases, a non-harmonized regulatory environment.

However, Williams suggested Canadian exporters should look to GM’s turnaround as a model on how to remain competitive.

After filing for bankruptcy in the U.S. in 2009, the company rapidly turned to profit last year as it cut debt and costs with the help of government financing from the U.S., Ontario and Canadian governments.

The company has re-emerged as a streamlined global operator — a move that was crucial to become a competitive player in key growth markets around the world, Williams said.

“It’s not just companies that need to step back and re-engineer themselves in the global context,” Williams said in the speech.

“Countries like Canada must be doing the same thing to ensure longer-term economic growth, economic strength, economic stability,” he said.

Williams said Canada, the company’s sixth largest market, is declining in influence as a key auto market.

Meanwhile, four key emerging economies countries — Brazil, Russia, India and China — could soon represent 75 per cent of the world market for vehicles.

Those four— the so-called BRIC countries — are seeing some on the most rapid economic growth in the world, and with that comes a larger middle class and increased demand for vehicles.

Williams said it’s part of the new industry reality in which GM is competing.

“Today’s automakers are racing to establish global reach and global capabilities,” Williams said.

“If you’re not playing seriously in the emerging growth markets of the world, you will be left behind.”

GM — for years the top-selling automaker in Canada — was in third place last month with April sales on par with last year at 22,622 vehicles sold. But being number one at all costs, is no longer GM’s primary goal, Williams said, adding that the company’s Canadian growth rate is still outpacing most retailers.

General Motors avoided a formal court-supervised restructuring in Canada, while it filed for a Chapter 11 bankruptcy restructuring in the United States.

Since then, the giant automaker has streamlined its products, brought in new smaller and more fuel efficient cars popular with drivers and is expanding its share of key Asian markets in India and China. The company is also putting its future in its Volt electric car and other new technologies.

Once the world’s biggest car producer, GM closed 14 of its 47 plants _ including some in Ontario _ shuttered or sold off its Hummer, Saturn, Saab and Pontiac brands, and slashed its debt from about $46 billion to about $8 billion.

The company has since repaid the loans it has received from the governments but they remain shareholders. The Canadian holding has dropped below 10 per cent while the U.S. government continues to own about 25 per cent of GM’s shares.

The Ontario government took a four per cent stake in the troubled automaker while the federal government took another eight per cent after they together lent it $10.5 billion. About $9 billion of that loan was converted to equity when the so-called “new GM” emerged from bankruptcy protection, while the rest has been paid back.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports GM Canada in a 'difficult position' as loonie rises, president says

VANCOUVER, BC – (May 9, 2011) Clearlease Reports The rising loonie has put GM Canada in a “difficult” position, and the automaker needs to work hard to drive down costs at its operations in Ontario to ensure they would be considered for future investment, the head of GM Canada said Monday.

“We have some work to do, our costs have gone up,” Kevin Williams, president and managing director of GM Canada told reporters after a lunch time speech to the Canadian Club of Toronto.

“The Canadian dollar doesn’t help us in that regard, particularly being a net exporter of products from Canada, and we’ve got to continue to work collaborative with the (Canadian Auto Workers union) and with the government to put ourselves in a much better light than we are today.”

The company employs more than 9,000 Canadians at Ontario plants in Ingersoll, St Catharines and Oshawa.

GM’s Canadian operations used to employ tens of thousands of workers before a series of cuts over the last decade or so pared the workforce significantly. The automaker shut down its truck plant in Oshawa, Ont., in 2009, shedding about 2,600 jobs, and closed its transmission plant in Windsor, Ont., last July, putting about 1,000 more people out of work.

Canada faces some significant challenges ahead as it tries to remain competitive on the world stage, Williams said. Those include the impact of a strengthening dollar, high commodity costs, high labour costs and, in some cases, a non-harmonized regulatory environment.

However, Williams suggested Canadian exporters should look to GM’s turnaround as a model on how to remain competitive.

After filing for bankruptcy in the U.S. in 2009, the company rapidly turned to profit last year as it cut debt and costs with the help of government financing from the U.S., Ontario and Canadian governments.

The company has re-emerged as a streamlined global operator — a move that was crucial to become a competitive player in key growth markets around the world, Williams said.

“It’s not just companies that need to step back and re-engineer themselves in the global context,” Williams said in the speech.

“Countries like Canada must be doing the same thing to ensure longer-term economic growth, economic strength, economic stability,” he said.

Williams said Canada, the company’s sixth largest market, is declining in influence as a key auto market.

Meanwhile, four key emerging economies countries — Brazil, Russia, India and China — could soon represent 75 per cent of the world market for vehicles.

Those four— the so-called BRIC countries — are seeing some on the most rapid economic growth in the world, and with that comes a larger middle class and increased demand for vehicles.

Williams said it’s part of the new industry reality in which GM is competing.

“Today’s automakers are racing to establish global reach and global capabilities,” Williams said.

“If you’re not playing seriously in the emerging growth markets of the world, you will be left behind.”

GM — for years the top-selling automaker in Canada — was in third place last month with April sales on par with last year at 22,622 vehicles sold. But being number one at all costs, is no longer GM’s primary goal, Williams said, adding that the company’s Canadian growth rate is still outpacing most retailers.

General Motors avoided a formal court-supervised restructuring in Canada, while it filed for a Chapter 11 bankruptcy restructuring in the United States.

Since then, the giant automaker has streamlined its products, brought in new smaller and more fuel efficient cars popular with drivers and is expanding its share of key Asian markets in India and China. The company is also putting its future in its Volt electric car and other new technologies.

Once the world’s biggest car producer, GM closed 14 of its 47 plants _ including some in Ontario _ shuttered or sold off its Hummer, Saturn, Saab and Pontiac brands, and slashed its debt from about $46 billion to about $8 billion.

The company has since repaid the loans it has received from the governments but they remain shareholders. The Canadian holding has dropped below 10 per cent while the U.S. government continues to own about 25 per cent of GM’s shares.

The Ontario government took a four per cent stake in the troubled automaker while the federal government took another eight per cent after they together lent it $10.5 billion. About $9 billion of that loan was converted to equity when the so-called “new GM” emerged from bankruptcy protection, while the rest has been paid back.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports GM Canada in a ‘difficult position’ as loonie rises, president says

VANCOUVER, BC – (May 9, 2011) Clearlease Reports The rising loonie has put GM Canada in a “difficult” position, and the automaker needs to work hard to drive down costs at its operations in Ontario to ensure they would be considered for future investment, the head of GM Canada said Monday.

“We have some work to do, our costs have gone up,” Kevin Williams, president and managing director of GM Canada told reporters after a lunch time speech to the Canadian Club of Toronto.

“The Canadian dollar doesn’t help us in that regard, particularly being a net exporter of products from Canada, and we’ve got to continue to work collaborative with the (Canadian Auto Workers union) and with the government to put ourselves in a much better light than we are today.”

The company employs more than 9,000 Canadians at Ontario plants in Ingersoll, St Catharines and Oshawa.

GM’s Canadian operations used to employ tens of thousands of workers before a series of cuts over the last decade or so pared the workforce significantly. The automaker shut down its truck plant in Oshawa, Ont., in 2009, shedding about 2,600 jobs, and closed its transmission plant in Windsor, Ont., last July, putting about 1,000 more people out of work.

Canada faces some significant challenges ahead as it tries to remain competitive on the world stage, Williams said. Those include the impact of a strengthening dollar, high commodity costs, high labour costs and, in some cases, a non-harmonized regulatory environment.

However, Williams suggested Canadian exporters should look to GM’s turnaround as a model on how to remain competitive.

After filing for bankruptcy in the U.S. in 2009, the company rapidly turned to profit last year as it cut debt and costs with the help of government financing from the U.S., Ontario and Canadian governments.

The company has re-emerged as a streamlined global operator — a move that was crucial to become a competitive player in key growth markets around the world, Williams said.

“It’s not just companies that need to step back and re-engineer themselves in the global context,” Williams said in the speech.

“Countries like Canada must be doing the same thing to ensure longer-term economic growth, economic strength, economic stability,” he said.

Williams said Canada, the company’s sixth largest market, is declining in influence as a key auto market.

Meanwhile, four key emerging economies countries — Brazil, Russia, India and China — could soon represent 75 per cent of the world market for vehicles.

Those four— the so-called BRIC countries — are seeing some on the most rapid economic growth in the world, and with that comes a larger middle class and increased demand for vehicles.

Williams said it’s part of the new industry reality in which GM is competing.

“Today’s automakers are racing to establish global reach and global capabilities,” Williams said.

“If you’re not playing seriously in the emerging growth markets of the world, you will be left behind.”

GM — for years the top-selling automaker in Canada — was in third place last month with April sales on par with last year at 22,622 vehicles sold. But being number one at all costs, is no longer GM’s primary goal, Williams said, adding that the company’s Canadian growth rate is still outpacing most retailers.

General Motors avoided a formal court-supervised restructuring in Canada, while it filed for a Chapter 11 bankruptcy restructuring in the United States.

Since then, the giant automaker has streamlined its products, brought in new smaller and more fuel efficient cars popular with drivers and is expanding its share of key Asian markets in India and China. The company is also putting its future in its Volt electric car and other new technologies.

Once the world’s biggest car producer, GM closed 14 of its 47 plants _ including some in Ontario _ shuttered or sold off its Hummer, Saturn, Saab and Pontiac brands, and slashed its debt from about $46 billion to about $8 billion.

The company has since repaid the loans it has received from the governments but they remain shareholders. The Canadian holding has dropped below 10 per cent while the U.S. government continues to own about 25 per cent of GM’s shares.

The Ontario government took a four per cent stake in the troubled automaker while the federal government took another eight per cent after they together lent it $10.5 billion. About $9 billion of that loan was converted to equity when the so-called “new GM” emerged from bankruptcy protection, while the rest has been paid back.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports TSX gained Monday as mining, retail and energy stocks benefited from a rally in commodity prices

Dominion Lending Centres Clearlease Reports TSX gained Monday as mining, retail and energy stocks benefited from a rally in commodity prices

Dominion Lending Centres Clearlease Reports TSX gained Monday as mining, retail and energy stocks benefited from a rally in commodity prices

VANCOUVER, BC – (May 9, 2011) Clearlease Reports The Toronto stock market registered a solid gain Monday as mining and energy stocks benefited from a rally in commodity prices following steep losses last week, while the TSX also found lift from major buying activity in the retail sector.

The S&P/TSX composite index rose 110.53 points to 13,677.13 while the TSX Venture Exchange gained 31.15 points to 2,119.75.

The Canadian dollar also benefited from rising commodity prices, up 0.37 of a cent to 103.78 cents US.

The consumer discretionary sector rose 0.66 per cent after Canadian Tire (TSX:CTC.A) announced plans to buy Forzani Group Ltd. (TSX:FGL), the company behind major sporting goods retailers like Sport Chek and Athletes World in a deal worth $771 million. The transaction is valued at $26.50 per share, which is a 50 per cent premium on the closing price of Forzani’s stock on Friday.

“There’s still plenty of money around and companies are willing to actually spend it if they think they can make a decent return, because their profits are pretty good,” said Gavin Graham, global strategist Excel Funds Management.

Forzani shares soared $8.64 to $26.25 while Canadian Tire rose $1.60 to $60.19 following the announcement of the all-cash deal.

“When they bought Mark’s Work Warehouse, seven, eight years back, everyone asked what is Canadian Tire doing? It’s actually worked out very well, it’s been very successful,” he said.

Commodity prices were higher after data on Friday showed that the U.S. economy created 268,000 jobs in April, the most since February 2006, well above the 185,000 jobs that analysts had predicted and easing worries that the economic recovery was faltering.

The TSX energy sector was up 0.93 per cent. Oil prices jumped as improved hopes over the U.S. economic recovery helped lower fears of much lower demand. The June crude contract on the New York Mercantile Exchange climbed $5.37 to US$102.55 a barrel after plunging almost US$17 or 14 per cent last week. Suncor Energy (TSX:SU) rose 35 cents to C$40.61 while Talisman Energy (TSX:TLM) advanced 16 cents to $21.52.

Other commodities advanced as the June gold contract on the Nymex rose $11.60 to US$1,503.20 an ounce, sending gold stocks higher. Barrick Gold Corp. (TSX:ABX) was ahead cents to C$ while Goldcorp Inc. (TSX:G) improved by cents to $ .

The base metals sector gained 1.44 per cent while the July copper contract in New York was up four cents to US$4.02 a pound. Quadra FNX Mining (TSX:QUX) gained cents to C$ while First Quantum (TSX:FM) was ahead $ to $ . First Quantum, which keeps its books in U.S. dollars, reported that it earned US$206.7 million attributable to shareholders in its latest quarter, up from $150.3 million in the first three months of 2010.

Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery. The selloff helped send the TSX down 2.7 per cent last week.

Market heavyweight Research In Motion Ltd. (TSX:RIM) weighed on the TSX and the BlackBerry maker’s shares fell $1.17 to C$43.39.

There were also new worries about Greece’s debt problems after credit rating agency Standard & Poor’s lowered Greece’s bond grade further into junk status because of risks that the country will have to negotiate an extension on its debt repayments.

S&P lowered Greece’s bond long-term bond grade on Monday by two notches to B from BB-, with “negative implications” for future efforts to improve public finances.

“It is one of those ‘why should people be surprised (events)’,” added Graham, “given that Greek debt has been trading at over 20 per cent interest rates for two year (bonds) and over 15 per cent for five and 10-year debt, effectively it’s pricing in a default or at least a restructuring.”

New York markets also advanced as the Dow Jones industrial average gained 45.94 points to 12,684.68. The Nasdaq composite index was ahead 15.69 points to 2,843.25 and the S&P 500 index was up 6.09 points to 1,346.29.

On the economic front, there was some negative data from the housing sector. Canada Mortgage and Housing Corp. reported that housing starts fell to 179,000 in April, down from 185,000 and below the 183,000 level that economists had expected.

In other earnings news from corporate Canada, Silver Wheaton Corp. (TSX:SLW) said first-quarter net earnings grew 142 per cent to US$122.2 million from $50.6 million a year earlier. Revenue jumped to a record $158.2 million from $85.9 million and its shares gained 83 cents to $35.47.

Valeant Pharmaceuticals (TSX:VRX) posted a $6.5-million profit in the first quarter as the drug developer’s revenue more than doubled, largely as a result of last year’s merger with Biovail. The earnings reversed last year’s loss of $3.1 million and its shares advanced $1.37 to $50.04.

In other corporate news, Bombardier Inc. (TSX:BBD.B) shares were up 24 cents to $6.91 after its Bombardier Transportation division signed a framework agreement with Siemens AG for a US$3-billion share of a large German high-speed rail contract.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports TSX gained Monday as mining, retail and energy stocks benefited from a rally in commodity prices

VANCOUVER, BC – (May 9, 2011) Clearlease Reports The Toronto stock market registered a solid gain Monday as mining and energy stocks benefited from a rally in commodity prices following steep losses last week, while the TSX also found lift from major buying activity in the retail sector.

The S&P/TSX composite index rose 110.53 points to 13,677.13 while the TSX Venture Exchange gained 31.15 points to 2,119.75.

The Canadian dollar also benefited from rising commodity prices, up 0.37 of a cent to 103.78 cents US.

The consumer discretionary sector rose 0.66 per cent after Canadian Tire (TSX:CTC.A) announced plans to buy Forzani Group Ltd. (TSX:FGL), the company behind major sporting goods retailers like Sport Chek and Athletes World in a deal worth $771 million. The transaction is valued at $26.50 per share, which is a 50 per cent premium on the closing price of Forzani’s stock on Friday.

“There’s still plenty of money around and companies are willing to actually spend it if they think they can make a decent return, because their profits are pretty good,” said Gavin Graham, global strategist Excel Funds Management.

Forzani shares soared $8.64 to $26.25 while Canadian Tire rose $1.60 to $60.19 following the announcement of the all-cash deal.

“When they bought Mark’s Work Warehouse, seven, eight years back, everyone asked what is Canadian Tire doing? It’s actually worked out very well, it’s been very successful,” he said.

Commodity prices were higher after data on Friday showed that the U.S. economy created 268,000 jobs in April, the most since February 2006, well above the 185,000 jobs that analysts had predicted and easing worries that the economic recovery was faltering.

The TSX energy sector was up 0.93 per cent. Oil prices jumped as improved hopes over the U.S. economic recovery helped lower fears of much lower demand. The June crude contract on the New York Mercantile Exchange climbed $5.37 to US$102.55 a barrel after plunging almost US$17 or 14 per cent last week. Suncor Energy (TSX:SU) rose 35 cents to C$40.61 while Talisman Energy (TSX:TLM) advanced 16 cents to $21.52.

Other commodities advanced as the June gold contract on the Nymex rose $11.60 to US$1,503.20 an ounce, sending gold stocks higher. Barrick Gold Corp. (TSX:ABX) was ahead cents to C$ while Goldcorp Inc. (TSX:G) improved by cents to $ .

The base metals sector gained 1.44 per cent while the July copper contract in New York was up four cents to US$4.02 a pound. Quadra FNX Mining (TSX:QUX) gained cents to C$ while First Quantum (TSX:FM) was ahead $ to $ . First Quantum, which keeps its books in U.S. dollars, reported that it earned US$206.7 million attributable to shareholders in its latest quarter, up from $150.3 million in the first three months of 2010.

Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery. The selloff helped send the TSX down 2.7 per cent last week.

Market heavyweight Research In Motion Ltd. (TSX:RIM) weighed on the TSX and the BlackBerry maker’s shares fell $1.17 to C$43.39.

There were also new worries about Greece’s debt problems after credit rating agency Standard & Poor’s lowered Greece’s bond grade further into junk status because of risks that the country will have to negotiate an extension on its debt repayments.

S&P lowered Greece’s bond long-term bond grade on Monday by two notches to B from BB-, with “negative implications” for future efforts to improve public finances.

“It is one of those ‘why should people be surprised (events)’,” added Graham, “given that Greek debt has been trading at over 20 per cent interest rates for two year (bonds) and over 15 per cent for five and 10-year debt, effectively it’s pricing in a default or at least a restructuring.”

New York markets also advanced as the Dow Jones industrial average gained 45.94 points to 12,684.68. The Nasdaq composite index was ahead 15.69 points to 2,843.25 and the S&P 500 index was up 6.09 points to 1,346.29.

On the economic front, there was some negative data from the housing sector. Canada Mortgage and Housing Corp. reported that housing starts fell to 179,000 in April, down from 185,000 and below the 183,000 level that economists had expected.

In other earnings news from corporate Canada, Silver Wheaton Corp. (TSX:SLW) said first-quarter net earnings grew 142 per cent to US$122.2 million from $50.6 million a year earlier. Revenue jumped to a record $158.2 million from $85.9 million and its shares gained 83 cents to $35.47.

Valeant Pharmaceuticals (TSX:VRX) posted a $6.5-million profit in the first quarter as the drug developer’s revenue more than doubled, largely as a result of last year’s merger with Biovail. The earnings reversed last year’s loss of $3.1 million and its shares advanced $1.37 to $50.04.

In other corporate news, Bombardier Inc. (TSX:BBD.B) shares were up 24 cents to $6.91 after its Bombardier Transportation division signed a framework agreement with Siemens AG for a US$3-billion share of a large German high-speed rail contract.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports TSX gained Monday as mining, retail and energy stocks benefited from a rally in commodity prices

VANCOUVER, BC – (May 9, 2011) Clearlease Reports The Toronto stock market registered a solid gain Monday as mining and energy stocks benefited from a rally in commodity prices following steep losses last week, while the TSX also found lift from major buying activity in the retail sector.

The S&P/TSX composite index rose 110.53 points to 13,677.13 while the TSX Venture Exchange gained 31.15 points to 2,119.75.

The Canadian dollar also benefited from rising commodity prices, up 0.37 of a cent to 103.78 cents US.

The consumer discretionary sector rose 0.66 per cent after Canadian Tire (TSX:CTC.A) announced plans to buy Forzani Group Ltd. (TSX:FGL), the company behind major sporting goods retailers like Sport Chek and Athletes World in a deal worth $771 million. The transaction is valued at $26.50 per share, which is a 50 per cent premium on the closing price of Forzani’s stock on Friday.

“There’s still plenty of money around and companies are willing to actually spend it if they think they can make a decent return, because their profits are pretty good,” said Gavin Graham, global strategist Excel Funds Management.

Forzani shares soared $8.64 to $26.25 while Canadian Tire rose $1.60 to $60.19 following the announcement of the all-cash deal.

“When they bought Mark’s Work Warehouse, seven, eight years back, everyone asked what is Canadian Tire doing? It’s actually worked out very well, it’s been very successful,” he said.

Commodity prices were higher after data on Friday showed that the U.S. economy created 268,000 jobs in April, the most since February 2006, well above the 185,000 jobs that analysts had predicted and easing worries that the economic recovery was faltering.

The TSX energy sector was up 0.93 per cent. Oil prices jumped as improved hopes over the U.S. economic recovery helped lower fears of much lower demand. The June crude contract on the New York Mercantile Exchange climbed $5.37 to US$102.55 a barrel after plunging almost US$17 or 14 per cent last week. Suncor Energy (TSX:SU) rose 35 cents to C$40.61 while Talisman Energy (TSX:TLM) advanced 16 cents to $21.52.

Other commodities advanced as the June gold contract on the Nymex rose $11.60 to US$1,503.20 an ounce, sending gold stocks higher. Barrick Gold Corp. (TSX:ABX) was ahead cents to C$ while Goldcorp Inc. (TSX:G) improved by cents to $ .

The base metals sector gained 1.44 per cent while the July copper contract in New York was up four cents to US$4.02 a pound. Quadra FNX Mining (TSX:QUX) gained cents to C$ while First Quantum (TSX:FM) was ahead $ to $ . First Quantum, which keeps its books in U.S. dollars, reported that it earned US$206.7 million attributable to shareholders in its latest quarter, up from $150.3 million in the first three months of 2010.

Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery. The selloff helped send the TSX down 2.7 per cent last week.

Market heavyweight Research In Motion Ltd. (TSX:RIM) weighed on the TSX and the BlackBerry maker’s shares fell $1.17 to C$43.39.

There were also new worries about Greece’s debt problems after credit rating agency Standard & Poor’s lowered Greece’s bond grade further into junk status because of risks that the country will have to negotiate an extension on its debt repayments.

S&P lowered Greece’s bond long-term bond grade on Monday by two notches to B from BB-, with “negative implications” for future efforts to improve public finances.

“It is one of those ‘why should people be surprised (events)’,” added Graham, “given that Greek debt has been trading at over 20 per cent interest rates for two year (bonds) and over 15 per cent for five and 10-year debt, effectively it’s pricing in a default or at least a restructuring.”

New York markets also advanced as the Dow Jones industrial average gained 45.94 points to 12,684.68. The Nasdaq composite index was ahead 15.69 points to 2,843.25 and the S&P 500 index was up 6.09 points to 1,346.29.

On the economic front, there was some negative data from the housing sector. Canada Mortgage and Housing Corp. reported that housing starts fell to 179,000 in April, down from 185,000 and below the 183,000 level that economists had expected.

In other earnings news from corporate Canada, Silver Wheaton Corp. (TSX:SLW) said first-quarter net earnings grew 142 per cent to US$122.2 million from $50.6 million a year earlier. Revenue jumped to a record $158.2 million from $85.9 million and its shares gained 83 cents to $35.47.

Valeant Pharmaceuticals (TSX:VRX) posted a $6.5-million profit in the first quarter as the drug developer’s revenue more than doubled, largely as a result of last year’s merger with Biovail. The earnings reversed last year’s loss of $3.1 million and its shares advanced $1.37 to $50.04.

In other corporate news, Bombardier Inc. (TSX:BBD.B) shares were up 24 cents to $6.91 after its Bombardier Transportation division signed a framework agreement with Siemens AG for a US$3-billion share of a large German high-speed rail contract.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Elgin Mining (TSXV:ELG) to acquire gold properties in Nunavut in cash, stock deal

Dominion Lending Centres Clearlease Reports Elgin Mining (TSXV:ELG) to acquire gold properties in Nunavut in cash, stock deal

Dominion Lending Centres Clearlease Reports Elgin Mining (TSXV:ELG) to acquire gold properties in Nunavut in cash, stock deal

VANCOUVER, BC – (May 9, 2011) Clearlease Reports Elgin Mining Inc. (TSXV:ELG) announced Monday that it has a definitive agreement to indirectly acquire the Lupin Gold mine and the Ulu gold deposit in Nunavut for $4.8 million in cash and 1.8 million common shares.

Under terms of the deal, Toronto-based Elgin will acquire privately owned Bonito Capital Corp., immediately upon which Bonito will acquire the Lupin mine and Ulu deposit and related assets from MMG Resources Inc. on an “as is, where is” basis.

The purchase price payable to MMG is $4.8 million in cash, including a $350,000 deposit previously paid by Bonito to MMG for exclusivity, along with 1.8 million common shares of Elgin.

MMG has agreed, subject to certain exceptions, not to dispose of the shares for 12 months following closing, expected by June 30.

Bonito will also be required to replace the current MMG reclamation bonds — estimated to be $27.2 million — with the Government of Canada.

Stock in Elgin Mining was down five cents at $1.75 Monday afternoon on the TSX Venture market.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Elgin Mining (TSXV:ELG) to acquire gold properties in Nunavut in cash, stock deal

VANCOUVER, BC – (May 9, 2011) Clearlease Reports Elgin Mining Inc. (TSXV:ELG) announced Monday that it has a definitive agreement to indirectly acquire the Lupin Gold mine and the Ulu gold deposit in Nunavut for $4.8 million in cash and 1.8 million common shares.

Under terms of the deal, Toronto-based Elgin will acquire privately owned Bonito Capital Corp., immediately upon which Bonito will acquire the Lupin mine and Ulu deposit and related assets from MMG Resources Inc. on an “as is, where is” basis.

The purchase price payable to MMG is $4.8 million in cash, including a $350,000 deposit previously paid by Bonito to MMG for exclusivity, along with 1.8 million common shares of Elgin.

MMG has agreed, subject to certain exceptions, not to dispose of the shares for 12 months following closing, expected by June 30.

Bonito will also be required to replace the current MMG reclamation bonds — estimated to be $27.2 million — with the Government of Canada.

Stock in Elgin Mining was down five cents at $1.75 Monday afternoon on the TSX Venture market.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Elgin Mining (TSXV:ELG) to acquire gold properties in Nunavut in cash, stock deal

VANCOUVER, BC – (May 9, 2011) Clearlease Reports Elgin Mining Inc. (TSXV:ELG) announced Monday that it has a definitive agreement to indirectly acquire the Lupin Gold mine and the Ulu gold deposit in Nunavut for $4.8 million in cash and 1.8 million common shares.

Under terms of the deal, Toronto-based Elgin will acquire privately owned Bonito Capital Corp., immediately upon which Bonito will acquire the Lupin mine and Ulu deposit and related assets from MMG Resources Inc. on an “as is, where is” basis.

The purchase price payable to MMG is $4.8 million in cash, including a $350,000 deposit previously paid by Bonito to MMG for exclusivity, along with 1.8 million common shares of Elgin.

MMG has agreed, subject to certain exceptions, not to dispose of the shares for 12 months following closing, expected by June 30.

Bonito will also be required to replace the current MMG reclamation bonds — estimated to be $27.2 million — with the Government of Canada.

Stock in Elgin Mining was down five cents at $1.75 Monday afternoon on the TSX Venture market.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk