Dominion Lending Centres Clearlease Reports Industrial Alliance (TSX:IAG) Q1 net income up 11.7 per cent to $66.1 million
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Industrial Alliance Insurance (TSX:IAG) first-quarter net income available to common shareholders rises to $66.1 million from year-earlier $59.2 million; total revenue down slightly to $1.74 billion. Assets under management up four per cent from year-end to $71.2 billion.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Industrial Alliance Insurance (TSX:IAG) first-quarter net income available to common shareholders rises to $66.1 million from year-earlier $59.2 million; total revenue down slightly to $1.74 billion. Assets under management up four per cent from year-end to $71.2 billion.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Industrial Alliance (TSX:IAG) Q1 net income up 11.7 per cent to $66.1 million
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Industrial Alliance Insurance (TSX:IAG) first-quarter net income available to common shareholders rises to $66.1 million from year-earlier $59.2 million; total revenue down slightly to $1.74 billion. Assets under management up four per cent from year-end to $71.2 billion.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports A decade in the making, transistors on Intel chips go 3-D; computing milestone promises speed
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Intel Corp. said Wednesday that it has redesigned the electronic switches on its chips so that computers can keep getting cheaper and more powerful.
The switches, known as transistors, have typically been flat. By adding a third dimension — “fins” that jut up from the base — Intel will be able to make the transistors and chips smaller. Think of how skyscrapers address the need for more office space when land is scarce.
The company said the new structure will let chips run on less power. That gives Intel its best shot yet at cracking the growing markets for chips used in smartphones and tablet computers. Intel has been weak there because its current chips use too much power.
Chips with the 3-D transistors will be in full production this year and appear in computers in 2012.
Intel has been talking about 3-D, or “tri-gate,” transistors for nearly a decade, and other companies are experimenting with similar technology. The announcement is noteworthy because Intel has figured out how to manufacture the transistors cheaply in mass quantities.
Transistors are at the centre of the digital universe. They’re the workhorses of modern electronics, tiny on/off switches that regulate electric current. They’re to computers what synapses are to the human nervous system.
Transistors operate in the shadows, but they’re integral to daily life. And they need to shrink, so that computers can get smaller and smarter.
A chip can have a billion transistors, all laid out side by side in a single layer, as if they were the streets of a city. Chips have no “depth” — until now. On Intel’s chips, the fins will jut up from that streetscape, sort of like bridges or overpasses.
However, Intel’s advance doesn’t mean it can add a whole second layer of transistors to the chip, or start stacking layers into a cube. That remains a distant but hotly pursued goal of the industry, as cubic chips could be much faster that flat ones while consuming less power.
The demand is there for smartphones that deliver the Internet in our pockets, supercomputers that beat human champions at “Jeopardy!,” and other feats of computer wizardry that would have been impossible in the 1970s. Processors then could only hold several thousand transistors. Today they hold billions.
The latest change isn’t something that consumers will be able to see because it happens at a microscopic level. But analysts call it one of the most significant shifts in silicon transistor design since the integrated circuit was invented more than half a century ago.
“When I looked at it, I did a big, ‘Wow.’ What we’ve seen for decades now have been evolutionary changes to the technology. This is definitely a revolutionary change,” said Dan Hutcheson, a longtime semiconductor industry watcher and CEO of VLSI Research Inc., who was briefed ahead of time on Intel’s announcement.
For consumers, the fact that Intel’s transistors will have a third dimension means that they can expect a continuation of Moore’s Law. The famous axiom, pronounced in 1965 by Intel co-founder Gordon Moore, has guided the computer industry’s efforts and given us decade after decade of cheaper and more powerful computers.
The core of Moore’s prediction is that computer performance will double every two years as the number of transistors on the chips roughly doubles as well. The progress has been threatened as transistors have been shrunken down to absurd proportions, and engineers have confronted physical limitations on how much smaller they can go. Controlling power leakage is a central concern.
For Intel, which is based in Santa Clara, Calif., the change is a reminder of its leadership in advanced semiconductor technology and its incentive to keep Moore’s Law alive.
Previous major changes have focused on new materials that can be used for transistors, not entire redesigns of the transistors themselves.
“People have been trying to avoid changing the structure,” Hutcheson said.
Other semiconductor companies argue that there’s still life to be squeezed from the current design of transistors. Hutcheson agrees, but said Intel’s approach should allow it to advance at least a generation ahead of its rivals, which include IBM Corp. and Advanced Micro Devices Inc.
The reduced power consumption addresses a key need for Intel.
The performance expectations and power requirements for PCs are much higher than they are for phones and tablet computers, so Intel’s dominance in PC chips doesn’t necessarily lead to success in mobile devices. Even Intel’s Atom-based chips, which are designed for mobile devices, have been criticized as too power hungry.
The new technology will be used for Intel’s PC chips and its Atom line.
Technological leadership alone won’t guarantee success, however, as Intel has learned in repeated attempts at cracking the mobile market.
Other chip makers such as Qualcomm Inc. and Texas Instruments Inc. have entrenched partnerships with cellphone makers, and there is suspicion about the performance of Intel’s chips in mobile devices.
“When it comes to the mobile market, they have their work cut out for them,” Hutcheson said of Intel. But “this gives you the transistors to build the next great system.”
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Intel Corp. said Wednesday that it has redesigned the electronic switches on its chips so that computers can keep getting cheaper and more powerful.
The switches, known as transistors, have typically been flat. By adding a third dimension — “fins” that jut up from the base — Intel will be able to make the transistors and chips smaller. Think of how skyscrapers address the need for more office space when land is scarce.
The company said the new structure will let chips run on less power. That gives Intel its best shot yet at cracking the growing markets for chips used in smartphones and tablet computers. Intel has been weak there because its current chips use too much power.
Chips with the 3-D transistors will be in full production this year and appear in computers in 2012.
Intel has been talking about 3-D, or “tri-gate,” transistors for nearly a decade, and other companies are experimenting with similar technology. The announcement is noteworthy because Intel has figured out how to manufacture the transistors cheaply in mass quantities.
Transistors are at the centre of the digital universe. They’re the workhorses of modern electronics, tiny on/off switches that regulate electric current. They’re to computers what synapses are to the human nervous system.
Transistors operate in the shadows, but they’re integral to daily life. And they need to shrink, so that computers can get smaller and smarter.
A chip can have a billion transistors, all laid out side by side in a single layer, as if they were the streets of a city. Chips have no “depth” — until now. On Intel’s chips, the fins will jut up from that streetscape, sort of like bridges or overpasses.
However, Intel’s advance doesn’t mean it can add a whole second layer of transistors to the chip, or start stacking layers into a cube. That remains a distant but hotly pursued goal of the industry, as cubic chips could be much faster that flat ones while consuming less power.
The demand is there for smartphones that deliver the Internet in our pockets, supercomputers that beat human champions at “Jeopardy!,” and other feats of computer wizardry that would have been impossible in the 1970s. Processors then could only hold several thousand transistors. Today they hold billions.
The latest change isn’t something that consumers will be able to see because it happens at a microscopic level. But analysts call it one of the most significant shifts in silicon transistor design since the integrated circuit was invented more than half a century ago.
“When I looked at it, I did a big, ‘Wow.’ What we’ve seen for decades now have been evolutionary changes to the technology. This is definitely a revolutionary change,” said Dan Hutcheson, a longtime semiconductor industry watcher and CEO of VLSI Research Inc., who was briefed ahead of time on Intel’s announcement.
For consumers, the fact that Intel’s transistors will have a third dimension means that they can expect a continuation of Moore’s Law. The famous axiom, pronounced in 1965 by Intel co-founder Gordon Moore, has guided the computer industry’s efforts and given us decade after decade of cheaper and more powerful computers.
The core of Moore’s prediction is that computer performance will double every two years as the number of transistors on the chips roughly doubles as well. The progress has been threatened as transistors have been shrunken down to absurd proportions, and engineers have confronted physical limitations on how much smaller they can go. Controlling power leakage is a central concern.
For Intel, which is based in Santa Clara, Calif., the change is a reminder of its leadership in advanced semiconductor technology and its incentive to keep Moore’s Law alive.
Previous major changes have focused on new materials that can be used for transistors, not entire redesigns of the transistors themselves.
“People have been trying to avoid changing the structure,” Hutcheson said.
Other semiconductor companies argue that there’s still life to be squeezed from the current design of transistors. Hutcheson agrees, but said Intel’s approach should allow it to advance at least a generation ahead of its rivals, which include IBM Corp. and Advanced Micro Devices Inc.
The reduced power consumption addresses a key need for Intel.
The performance expectations and power requirements for PCs are much higher than they are for phones and tablet computers, so Intel’s dominance in PC chips doesn’t necessarily lead to success in mobile devices. Even Intel’s Atom-based chips, which are designed for mobile devices, have been criticized as too power hungry.
The new technology will be used for Intel’s PC chips and its Atom line.
Technological leadership alone won’t guarantee success, however, as Intel has learned in repeated attempts at cracking the mobile market.
Other chip makers such as Qualcomm Inc. and Texas Instruments Inc. have entrenched partnerships with cellphone makers, and there is suspicion about the performance of Intel’s chips in mobile devices.
“When it comes to the mobile market, they have their work cut out for them,” Hutcheson said of Intel. But “this gives you the transistors to build the next great system.”
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports A decade in the making, transistors on Intel chips go 3-D; computing milestone promises speed
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Intel Corp. said Wednesday that it has redesigned the electronic switches on its chips so that computers can keep getting cheaper and more powerful.
The switches, known as transistors, have typically been flat. By adding a third dimension — “fins” that jut up from the base — Intel will be able to make the transistors and chips smaller. Think of how skyscrapers address the need for more office space when land is scarce.
The company said the new structure will let chips run on less power. That gives Intel its best shot yet at cracking the growing markets for chips used in smartphones and tablet computers. Intel has been weak there because its current chips use too much power.
Chips with the 3-D transistors will be in full production this year and appear in computers in 2012.
Intel has been talking about 3-D, or “tri-gate,” transistors for nearly a decade, and other companies are experimenting with similar technology. The announcement is noteworthy because Intel has figured out how to manufacture the transistors cheaply in mass quantities.
Transistors are at the centre of the digital universe. They’re the workhorses of modern electronics, tiny on/off switches that regulate electric current. They’re to computers what synapses are to the human nervous system.
Transistors operate in the shadows, but they’re integral to daily life. And they need to shrink, so that computers can get smaller and smarter.
A chip can have a billion transistors, all laid out side by side in a single layer, as if they were the streets of a city. Chips have no “depth” — until now. On Intel’s chips, the fins will jut up from that streetscape, sort of like bridges or overpasses.
However, Intel’s advance doesn’t mean it can add a whole second layer of transistors to the chip, or start stacking layers into a cube. That remains a distant but hotly pursued goal of the industry, as cubic chips could be much faster that flat ones while consuming less power.
The demand is there for smartphones that deliver the Internet in our pockets, supercomputers that beat human champions at “Jeopardy!,” and other feats of computer wizardry that would have been impossible in the 1970s. Processors then could only hold several thousand transistors. Today they hold billions.
The latest change isn’t something that consumers will be able to see because it happens at a microscopic level. But analysts call it one of the most significant shifts in silicon transistor design since the integrated circuit was invented more than half a century ago.
“When I looked at it, I did a big, ‘Wow.’ What we’ve seen for decades now have been evolutionary changes to the technology. This is definitely a revolutionary change,” said Dan Hutcheson, a longtime semiconductor industry watcher and CEO of VLSI Research Inc., who was briefed ahead of time on Intel’s announcement.
For consumers, the fact that Intel’s transistors will have a third dimension means that they can expect a continuation of Moore’s Law. The famous axiom, pronounced in 1965 by Intel co-founder Gordon Moore, has guided the computer industry’s efforts and given us decade after decade of cheaper and more powerful computers.
The core of Moore’s prediction is that computer performance will double every two years as the number of transistors on the chips roughly doubles as well. The progress has been threatened as transistors have been shrunken down to absurd proportions, and engineers have confronted physical limitations on how much smaller they can go. Controlling power leakage is a central concern.
For Intel, which is based in Santa Clara, Calif., the change is a reminder of its leadership in advanced semiconductor technology and its incentive to keep Moore’s Law alive.
Previous major changes have focused on new materials that can be used for transistors, not entire redesigns of the transistors themselves.
“People have been trying to avoid changing the structure,” Hutcheson said.
Other semiconductor companies argue that there’s still life to be squeezed from the current design of transistors. Hutcheson agrees, but said Intel’s approach should allow it to advance at least a generation ahead of its rivals, which include IBM Corp. and Advanced Micro Devices Inc.
The reduced power consumption addresses a key need for Intel.
The performance expectations and power requirements for PCs are much higher than they are for phones and tablet computers, so Intel’s dominance in PC chips doesn’t necessarily lead to success in mobile devices. Even Intel’s Atom-based chips, which are designed for mobile devices, have been criticized as too power hungry.
The new technology will be used for Intel’s PC chips and its Atom line.
Technological leadership alone won’t guarantee success, however, as Intel has learned in repeated attempts at cracking the mobile market.
Other chip makers such as Qualcomm Inc. and Texas Instruments Inc. have entrenched partnerships with cellphone makers, and there is suspicion about the performance of Intel’s chips in mobile devices.
“When it comes to the mobile market, they have their work cut out for them,” Hutcheson said of Intel. But “this gives you the transistors to build the next great system.”
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Students feel sick after oil pipeline leak in northern Alberta; school closed
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports A school near a massive oil pipeline leak in northern Alberta remains closed for a fourth day after students complained of headaches and nausea.
Lubicon Cree Chief Steve Nosky (NAWS’-kee) says 120 students at the school in Little Buffalo were sent home Friday after the Plains Midstream pipeline sprang a leak.
The community is about seven kilometres from the 28,000-barrel spill.
The Energy Resources Conservation Board says monitoring devices haven’t found air contaminants that exceed guidelines.
But Nosky says gassy, oily smells are strong throughout the community.
He says people have health concerns and the nearest doctor is about 100 kilometres away.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports A school near a massive oil pipeline leak in northern Alberta remains closed for a fourth day after students complained of headaches and nausea.
Lubicon Cree Chief Steve Nosky (NAWS’-kee) says 120 students at the school in Little Buffalo were sent home Friday after the Plains Midstream pipeline sprang a leak.
The community is about seven kilometres from the 28,000-barrel spill.
The Energy Resources Conservation Board says monitoring devices haven’t found air contaminants that exceed guidelines.
But Nosky says gassy, oily smells are strong throughout the community.
He says people have health concerns and the nearest doctor is about 100 kilometres away.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Students feel sick after oil pipeline leak in northern Alberta; school closed
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports A school near a massive oil pipeline leak in northern Alberta remains closed for a fourth day after students complained of headaches and nausea.
Lubicon Cree Chief Steve Nosky (NAWS’-kee) says 120 students at the school in Little Buffalo were sent home Friday after the Plains Midstream pipeline sprang a leak.
The community is about seven kilometres from the 28,000-barrel spill.
The Energy Resources Conservation Board says monitoring devices haven’t found air contaminants that exceed guidelines.
But Nosky says gassy, oily smells are strong throughout the community.
He says people have health concerns and the nearest doctor is about 100 kilometres away.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Magna International (TSX:MG) Q1 earnings grow 43 per cent
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Auto parts giant Magna International Inc. (TSX:MG) says its first-quarter earnings grew 43 per cent to US$322 million, handily beating analysts expectations as vehicle production increased.
On a per share basis, the Aurora, Ont.-based company — which reports in U.S. dollars — earned $1.30 per share in the first quarter of 2011, topping estimates of $1.16 per share, according to Thomson Reuters.
That was up from $224 million or 99 cents per share in the comparable period a year ago.
The company also raised its 2011 outlook and anticipates total sales to be between $27.1 billion and 28.5 billion, up from an earlier projection between $24.8 billion and 26.3 billion.
Shares in the company gained 1.9 per cent, or 94 cents to $49.40 Wednesday on the Toronto Stock Exchange .
The quarterly results included a $9 million writedown on a real estate asset, while the 2010 results included a $14 million gain from the sale of one of its plants.
Revenue increased 34 per cent to $7.2 billion, up from $5.4 million in the year ago period.
Vehicle production grew 17 per cent in North America and 10 per cent in Western Europe compared to the first quarter of 2010.
“The key reasons for the continued strengthening of North American light vehicle production are improving auto sales in the region, coupled with dealer inventories that are below long-term historical averages,” the company said in a release.
Total vehicle assembly sales grew 51 per cent to $674 million, compared to $446 million for the first quarter of 2010.
It added that its sales in the rest of the world increased 69 per cent, a key driver of growth as the company diversifies away from its two main markets.
“We are currently expanding in a number of regions included in our Rest of World segment, and expect continued strong sales growth in this segment,” the company said.
Magna said the earthquake and tsunami in Japan will continue to disrupt global vehicle production throughout the year, though it said the impact of the disruptions has not had a material impact on its results nor does is expect it to in the future.
Magna has over 96,000 employees at 256 plants and 82 product development, engineering and sales centres around the world.
Frank Stronach, the tool and die maker who went on to build a multibillion dollar international auto parts empire, stepped down as Magna chairman after the company’s annual meeting Wednesday in Markham, Ont.
Stronach, who was re-elected as a director, will be given the title of founder and honorary chairman. The board also appointed two new independent directors Kurt Lauk and William Young at the general meeting.
The company eliminated its former dual-class voting share structure in a deal with Stronach last year. Stronach still owns or controls about 10.6 million Magna shares and 2.7 million options.
Stronach, 78, will continue to serve as a consultant to the company, a role that rewarded him handsomely in 2010 when the company reported a profit of $973 million. The Austrian-born Stronach arrived in Canada as a teenager and went from working on the shop floor to forging Magna into a company with $24 billion in sales.
Earlier this year, Stronach and other top shareholders agreed to give up control of MI Developments, the real estate company that owns many of the factories used by Magna.
Under that deal, MI Developments (TSX:MIM.A) agreed to transfer ownership of a number of U.S. horse race tracks as well as the associated real-estate and gaming business to Stronach as well as about $20 million in cash to operate the business
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Auto parts giant Magna International Inc. (TSX:MG) says its first-quarter earnings grew 43 per cent to US$322 million, handily beating analysts expectations as vehicle production increased.
On a per share basis, the Aurora, Ont.-based company — which reports in U.S. dollars — earned $1.30 per share in the first quarter of 2011, topping estimates of $1.16 per share, according to Thomson Reuters.
That was up from $224 million or 99 cents per share in the comparable period a year ago.
The company also raised its 2011 outlook and anticipates total sales to be between $27.1 billion and 28.5 billion, up from an earlier projection between $24.8 billion and 26.3 billion.
Shares in the company gained 1.9 per cent, or 94 cents to $49.40 Wednesday on the Toronto Stock Exchange .
The quarterly results included a $9 million writedown on a real estate asset, while the 2010 results included a $14 million gain from the sale of one of its plants.
Revenue increased 34 per cent to $7.2 billion, up from $5.4 million in the year ago period.
Vehicle production grew 17 per cent in North America and 10 per cent in Western Europe compared to the first quarter of 2010.
“The key reasons for the continued strengthening of North American light vehicle production are improving auto sales in the region, coupled with dealer inventories that are below long-term historical averages,” the company said in a release.
Total vehicle assembly sales grew 51 per cent to $674 million, compared to $446 million for the first quarter of 2010.
It added that its sales in the rest of the world increased 69 per cent, a key driver of growth as the company diversifies away from its two main markets.
“We are currently expanding in a number of regions included in our Rest of World segment, and expect continued strong sales growth in this segment,” the company said.
Magna said the earthquake and tsunami in Japan will continue to disrupt global vehicle production throughout the year, though it said the impact of the disruptions has not had a material impact on its results nor does is expect it to in the future.
Magna has over 96,000 employees at 256 plants and 82 product development, engineering and sales centres around the world.
Frank Stronach, the tool and die maker who went on to build a multibillion dollar international auto parts empire, stepped down as Magna chairman after the company’s annual meeting Wednesday in Markham, Ont.
Stronach, who was re-elected as a director, will be given the title of founder and honorary chairman. The board also appointed two new independent directors Kurt Lauk and William Young at the general meeting.
The company eliminated its former dual-class voting share structure in a deal with Stronach last year. Stronach still owns or controls about 10.6 million Magna shares and 2.7 million options.
Stronach, 78, will continue to serve as a consultant to the company, a role that rewarded him handsomely in 2010 when the company reported a profit of $973 million. The Austrian-born Stronach arrived in Canada as a teenager and went from working on the shop floor to forging Magna into a company with $24 billion in sales.
Earlier this year, Stronach and other top shareholders agreed to give up control of MI Developments, the real estate company that owns many of the factories used by Magna.
Under that deal, MI Developments (TSX:MIM.A) agreed to transfer ownership of a number of U.S. horse race tracks as well as the associated real-estate and gaming business to Stronach as well as about $20 million in cash to operate the business
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Magna International (TSX:MG) Q1 earnings grow 43 per cent
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Auto parts giant Magna International Inc. (TSX:MG) says its first-quarter earnings grew 43 per cent to US$322 million, handily beating analysts expectations as vehicle production increased.
On a per share basis, the Aurora, Ont.-based company — which reports in U.S. dollars — earned $1.30 per share in the first quarter of 2011, topping estimates of $1.16 per share, according to Thomson Reuters.
That was up from $224 million or 99 cents per share in the comparable period a year ago.
The company also raised its 2011 outlook and anticipates total sales to be between $27.1 billion and 28.5 billion, up from an earlier projection between $24.8 billion and 26.3 billion.
Shares in the company gained 1.9 per cent, or 94 cents to $49.40 Wednesday on the Toronto Stock Exchange .
The quarterly results included a $9 million writedown on a real estate asset, while the 2010 results included a $14 million gain from the sale of one of its plants.
Revenue increased 34 per cent to $7.2 billion, up from $5.4 million in the year ago period.
Vehicle production grew 17 per cent in North America and 10 per cent in Western Europe compared to the first quarter of 2010.
“The key reasons for the continued strengthening of North American light vehicle production are improving auto sales in the region, coupled with dealer inventories that are below long-term historical averages,” the company said in a release.
Total vehicle assembly sales grew 51 per cent to $674 million, compared to $446 million for the first quarter of 2010.
It added that its sales in the rest of the world increased 69 per cent, a key driver of growth as the company diversifies away from its two main markets.
“We are currently expanding in a number of regions included in our Rest of World segment, and expect continued strong sales growth in this segment,” the company said.
Magna said the earthquake and tsunami in Japan will continue to disrupt global vehicle production throughout the year, though it said the impact of the disruptions has not had a material impact on its results nor does is expect it to in the future.
Magna has over 96,000 employees at 256 plants and 82 product development, engineering and sales centres around the world.
Frank Stronach, the tool and die maker who went on to build a multibillion dollar international auto parts empire, stepped down as Magna chairman after the company’s annual meeting Wednesday in Markham, Ont.
Stronach, who was re-elected as a director, will be given the title of founder and honorary chairman. The board also appointed two new independent directors Kurt Lauk and William Young at the general meeting.
The company eliminated its former dual-class voting share structure in a deal with Stronach last year. Stronach still owns or controls about 10.6 million Magna shares and 2.7 million options.
Stronach, 78, will continue to serve as a consultant to the company, a role that rewarded him handsomely in 2010 when the company reported a profit of $973 million. The Austrian-born Stronach arrived in Canada as a teenager and went from working on the shop floor to forging Magna into a company with $24 billion in sales.
Earlier this year, Stronach and other top shareholders agreed to give up control of MI Developments, the real estate company that owns many of the factories used by Magna.
Under that deal, MI Developments (TSX:MIM.A) agreed to transfer ownership of a number of U.S. horse race tracks as well as the associated real-estate and gaming business to Stronach as well as about $20 million in cash to operate the business
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Manitoba Telecom (TSX:MBT) boosts Q1 profit by 58 per cent to $43.4 million
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Manitoba Telecom Services (TSX:MBT) increased its profit by 58 per cent to $43.4 million in its first quarter, helped by its wireless and broadband services.
Earnings per share was 67 cents, compared with 42 cents during the same quarter in 2010. But operating revenues were down slightly to $439.3 million from $442 million.
“Our first quarter results across the company were strong and demonstrate that our strategy is working,” said chief executive Pierre Blouin in a news release.
“We are focused on driving growth in wireless, IP television, broadband and IP-based services; increasing high-margin on-net sales at Allstream through the expansion of our fibre network and continuing our cost reductions,” Blouin said.
Revenue for the MTS division that provides mobile phone, Internet-Protocol TV, Internet and residential phone services was $235 million versus $228 in the same period last year.
Wireless revenues were up 9.7 per cent to $84 million mainly due to high data usage. Revenues for services such as Internet protocol television and Internet services were up 7.2 per cent to $47.7 million.
MTS said its had 483,722 wireless subscribers, up more than five per cent in the quarter. Average revenue per user was $57.73, up 3.6 per cent.
The Allstream unit which provides corporate telecom services had total revenues of $204.7 million, down 4.5 per cent from the same quarter last year.
But revenues from Internet-protocol based services to businesses were up 7.9 per cent to $57.5 million due to winning service contracts with new clients.
“This solid increase in IP sales activity continued into 2011, supporting sales levels that are expected to result in double-digit revenue growth in 2011,” the company said.
Long-distance and legacy data services at Allstream dropped 10 per cent to $56.1 million in the quarter.
Desjardins Financial analyst Maher Yaghi said the results for MTS were in line with his expectations.
“We continue to believe that the MTS division is of higher importance than Allstream given its greater contribution to profitability,” Yaghi wrote in a research note.
“The Allstream business does appear to be a turning a corner following a tough period for the company during the recession,” he said.
Yaghi noted that subscribers numbers were in line to slightly weaker than anticipated for MTS.
Shares in Manitoba Telecom Services were up 29 cents at $31.11 in trading on the Toronto Stock Exchange.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Manitoba Telecom Services (TSX:MBT) increased its profit by 58 per cent to $43.4 million in its first quarter, helped by its wireless and broadband services.
Earnings per share was 67 cents, compared with 42 cents during the same quarter in 2010. But operating revenues were down slightly to $439.3 million from $442 million.
“Our first quarter results across the company were strong and demonstrate that our strategy is working,” said chief executive Pierre Blouin in a news release.
“We are focused on driving growth in wireless, IP television, broadband and IP-based services; increasing high-margin on-net sales at Allstream through the expansion of our fibre network and continuing our cost reductions,” Blouin said.
Revenue for the MTS division that provides mobile phone, Internet-Protocol TV, Internet and residential phone services was $235 million versus $228 in the same period last year.
Wireless revenues were up 9.7 per cent to $84 million mainly due to high data usage. Revenues for services such as Internet protocol television and Internet services were up 7.2 per cent to $47.7 million.
MTS said its had 483,722 wireless subscribers, up more than five per cent in the quarter. Average revenue per user was $57.73, up 3.6 per cent.
The Allstream unit which provides corporate telecom services had total revenues of $204.7 million, down 4.5 per cent from the same quarter last year.
But revenues from Internet-protocol based services to businesses were up 7.9 per cent to $57.5 million due to winning service contracts with new clients.
“This solid increase in IP sales activity continued into 2011, supporting sales levels that are expected to result in double-digit revenue growth in 2011,” the company said.
Long-distance and legacy data services at Allstream dropped 10 per cent to $56.1 million in the quarter.
Desjardins Financial analyst Maher Yaghi said the results for MTS were in line with his expectations.
“We continue to believe that the MTS division is of higher importance than Allstream given its greater contribution to profitability,” Yaghi wrote in a research note.
“The Allstream business does appear to be a turning a corner following a tough period for the company during the recession,” he said.
Yaghi noted that subscribers numbers were in line to slightly weaker than anticipated for MTS.
Shares in Manitoba Telecom Services were up 29 cents at $31.11 in trading on the Toronto Stock Exchange.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Manitoba Telecom (TSX:MBT) boosts Q1 profit by 58 per cent to $43.4 million
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Manitoba Telecom Services (TSX:MBT) increased its profit by 58 per cent to $43.4 million in its first quarter, helped by its wireless and broadband services.
Earnings per share was 67 cents, compared with 42 cents during the same quarter in 2010. But operating revenues were down slightly to $439.3 million from $442 million.
“Our first quarter results across the company were strong and demonstrate that our strategy is working,” said chief executive Pierre Blouin in a news release.
“We are focused on driving growth in wireless, IP television, broadband and IP-based services; increasing high-margin on-net sales at Allstream through the expansion of our fibre network and continuing our cost reductions,” Blouin said.
Revenue for the MTS division that provides mobile phone, Internet-Protocol TV, Internet and residential phone services was $235 million versus $228 in the same period last year.
Wireless revenues were up 9.7 per cent to $84 million mainly due to high data usage. Revenues for services such as Internet protocol television and Internet services were up 7.2 per cent to $47.7 million.
MTS said its had 483,722 wireless subscribers, up more than five per cent in the quarter. Average revenue per user was $57.73, up 3.6 per cent.
The Allstream unit which provides corporate telecom services had total revenues of $204.7 million, down 4.5 per cent from the same quarter last year.
But revenues from Internet-protocol based services to businesses were up 7.9 per cent to $57.5 million due to winning service contracts with new clients.
“This solid increase in IP sales activity continued into 2011, supporting sales levels that are expected to result in double-digit revenue growth in 2011,” the company said.
Long-distance and legacy data services at Allstream dropped 10 per cent to $56.1 million in the quarter.
Desjardins Financial analyst Maher Yaghi said the results for MTS were in line with his expectations.
“We continue to believe that the MTS division is of higher importance than Allstream given its greater contribution to profitability,” Yaghi wrote in a research note.
“The Allstream business does appear to be a turning a corner following a tough period for the company during the recession,” he said.
Yaghi noted that subscribers numbers were in line to slightly weaker than anticipated for MTS.
Shares in Manitoba Telecom Services were up 29 cents at $31.11 in trading on the Toronto Stock Exchange.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports WestJet (TSX:WJA) reported Wednesday its passenger traffic increased 11.8 per cent in April
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports WestJet (TSX:WJA) reported Wednesday its passenger traffic increased 11.8 per cent in April, compared to the same month a year earlier, and said it expects demand for air travel to remain strong.
The Calgary-based airline said its main measure of traffic through its system, revenue passenger miles, increased to 1.49 billion from 1.33 billion. The airline’s load factor, a measure of how much of its capacity is used, was 83.6 per cent. Load factor in the same month a year before was 84 per cent.
Capacity, measured in available seat miles, grew 12.3 per cent over the same period.
“We are optimistic that demand for air travel will remain strong and the market will continue to absorb the fare levels necessary to offset elevated fuel costs,” president and CEO Gregg Saretsky said in a statement.
Toronto-based regional airline Porter said its traffic during the same period increased 26 per cent, year-over-year. Porter, which flies out of Toronto’s downtown Billy Bishop Airport, said its load factor was 54.1 per cent, up from 47.6 per cent, and capacity grew 10.8 per cent.
“New capacity on routes such as Ottawa-Moncton and Montreal-Halifax is being well received and we anticipate demand will remain strong in coming months,” said president and CEO Robert Deluce.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports WestJet (TSX:WJA) reported Wednesday its passenger traffic increased 11.8 per cent in April, compared to the same month a year earlier, and said it expects demand for air travel to remain strong.
The Calgary-based airline said its main measure of traffic through its system, revenue passenger miles, increased to 1.49 billion from 1.33 billion. The airline’s load factor, a measure of how much of its capacity is used, was 83.6 per cent. Load factor in the same month a year before was 84 per cent.
Capacity, measured in available seat miles, grew 12.3 per cent over the same period.
“We are optimistic that demand for air travel will remain strong and the market will continue to absorb the fare levels necessary to offset elevated fuel costs,” president and CEO Gregg Saretsky said in a statement.
Toronto-based regional airline Porter said its traffic during the same period increased 26 per cent, year-over-year. Porter, which flies out of Toronto’s downtown Billy Bishop Airport, said its load factor was 54.1 per cent, up from 47.6 per cent, and capacity grew 10.8 per cent.
“New capacity on routes such as Ottawa-Moncton and Montreal-Halifax is being well received and we anticipate demand will remain strong in coming months,” said president and CEO Robert Deluce.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports WestJet (TSX:WJA) reported Wednesday its passenger traffic increased 11.8 per cent in April
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports WestJet (TSX:WJA) reported Wednesday its passenger traffic increased 11.8 per cent in April, compared to the same month a year earlier, and said it expects demand for air travel to remain strong.
The Calgary-based airline said its main measure of traffic through its system, revenue passenger miles, increased to 1.49 billion from 1.33 billion. The airline’s load factor, a measure of how much of its capacity is used, was 83.6 per cent. Load factor in the same month a year before was 84 per cent.
Capacity, measured in available seat miles, grew 12.3 per cent over the same period.
“We are optimistic that demand for air travel will remain strong and the market will continue to absorb the fare levels necessary to offset elevated fuel costs,” president and CEO Gregg Saretsky said in a statement.
Toronto-based regional airline Porter said its traffic during the same period increased 26 per cent, year-over-year. Porter, which flies out of Toronto’s downtown Billy Bishop Airport, said its load factor was 54.1 per cent, up from 47.6 per cent, and capacity grew 10.8 per cent.
“New capacity on routes such as Ottawa-Moncton and Montreal-Halifax is being well received and we anticipate demand will remain strong in coming months,” said president and CEO Robert Deluce.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Talisman Energy (TSE:TLM) posts Q1 loss
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Shares in Talisman Energy Inc. (TSE:TLM) sank nearly seven per cent Wednesday, after the global energy producer reported a first-quarter net loss due partly to a sudden oil profits tax hike in the United Kingdom.
The stock was trading at $20.91 around mid-day on the Toronto Stock Exchange, a loss of $1.52.
Calgary-based Talisman, which recently began reporting in U.S. dollars, said its net loss during the first quarter was $326 million, or 32 cents per share, reversing profits of $371 million, or 36 cents per share during the same 2010 period.
Earnings from operations rose to $157 million from $155 million in the same period of 2010 and were unchanged on a per share basis at 15 cents. Revenues increased to $2 billion from a year-earlier $1.84 billion.
The results missed analyst estimates of 31 cents in earnings per share and revenues of $2.15 billion, according to Thomson Reuters.
One of Talisman’s key operating areas is the British sector of the North Sea. In March, the U.K. government raised its cash flow tax from 50 per cent to 62 per cent, surprising many energy companies drilling for oil offshore.
The hike dealt a $250-million blow to Talisman’s bottom line during the quarter, and the future of its operations in the region is uncertain, said chief executive John Manzoni.
“The U.K. tax change, of course, has an influence on future projects. We’re in the process of reviewing our development plans carefully right now, and I believe we may reconsider some of them,” he told a conference call with analysts Wednesday.
“But I don’t want to rush into that. We’ll consider them carefully and I plan to discuss them with the U.K. government before taking any action.”
Talisman’s earnings were also squeezed by the fact that more of its oil was sent straight to inventory and by its hedging activities.
The company entered contracts to sell its crude at between $92 and $98 per barrel as a means to shield itself from swings in commodity prices. Since crude prices traded much higher than that range during the quarter, the gap counts as a loss for Talisman.
Chief financial officer Scott Thomson said the hedging loss amounted to $320 million.
Overall production in the quarter was up 14 per cent from a year ago at 444,000 barrels of oil equivalent per day.
The company left its production growth guidance unchanged at between five and 10 per cent, excluding its operations in Colombia, where volumes are expected on average at about 11,000 barrels per day.
However, Manzoni said Talisman is now looking at the lower end of that range after delays at its Yme project in Norway.
“This project continues to cause problems, and I’m frustrated by the quality of the work undertaken by our contractor, which is requiring considerable rework in the yard,” Manzoni told the conference call.
“The good news, I suppose, is we can take advantage of the platform being in the yard to complete the work faster than we would be able to do offshore. But I’m now anticipating that the field will be on stream by the end of the fourth quarter rather than July as we had previously hoped.”
Talisman has operations around the world with its three main operating areas being North America, the North Sea and Southeast Asia. It also has holdings in the Middle East and South America.
Like many natural gas producers, Talisman has been coping with stubbornly low natural gas prices by drilling in areas rich in valuable liquids. Natural gas liquids, used to make plastics and petrochemicals, track oil prices more closely than they do ordinary dry natural gas.
In the fall, Talisman bulked up its presence in a liquids-rich part of the Eagle Ford shale in Texas, alongside Norway’s Statoil.
Another strategy natural gas producers have adopted recently is to ink joint-venture deals. Talisman agreed to sell a 50 per cent stake two of its shale properties in northeastern British Columbia to South Africa’s Sasol for $1.05 billion each.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Shares in Talisman Energy Inc. (TSE:TLM) sank nearly seven per cent Wednesday, after the global energy producer reported a first-quarter net loss due partly to a sudden oil profits tax hike in the United Kingdom.
The stock was trading at $20.91 around mid-day on the Toronto Stock Exchange, a loss of $1.52.
Calgary-based Talisman, which recently began reporting in U.S. dollars, said its net loss during the first quarter was $326 million, or 32 cents per share, reversing profits of $371 million, or 36 cents per share during the same 2010 period.
Earnings from operations rose to $157 million from $155 million in the same period of 2010 and were unchanged on a per share basis at 15 cents. Revenues increased to $2 billion from a year-earlier $1.84 billion.
The results missed analyst estimates of 31 cents in earnings per share and revenues of $2.15 billion, according to Thomson Reuters.
One of Talisman’s key operating areas is the British sector of the North Sea. In March, the U.K. government raised its cash flow tax from 50 per cent to 62 per cent, surprising many energy companies drilling for oil offshore.
The hike dealt a $250-million blow to Talisman’s bottom line during the quarter, and the future of its operations in the region is uncertain, said chief executive John Manzoni.
“The U.K. tax change, of course, has an influence on future projects. We’re in the process of reviewing our development plans carefully right now, and I believe we may reconsider some of them,” he told a conference call with analysts Wednesday.
“But I don’t want to rush into that. We’ll consider them carefully and I plan to discuss them with the U.K. government before taking any action.”
Talisman’s earnings were also squeezed by the fact that more of its oil was sent straight to inventory and by its hedging activities.
The company entered contracts to sell its crude at between $92 and $98 per barrel as a means to shield itself from swings in commodity prices. Since crude prices traded much higher than that range during the quarter, the gap counts as a loss for Talisman.
Chief financial officer Scott Thomson said the hedging loss amounted to $320 million.
Overall production in the quarter was up 14 per cent from a year ago at 444,000 barrels of oil equivalent per day.
The company left its production growth guidance unchanged at between five and 10 per cent, excluding its operations in Colombia, where volumes are expected on average at about 11,000 barrels per day.
However, Manzoni said Talisman is now looking at the lower end of that range after delays at its Yme project in Norway.
“This project continues to cause problems, and I’m frustrated by the quality of the work undertaken by our contractor, which is requiring considerable rework in the yard,” Manzoni told the conference call.
“The good news, I suppose, is we can take advantage of the platform being in the yard to complete the work faster than we would be able to do offshore. But I’m now anticipating that the field will be on stream by the end of the fourth quarter rather than July as we had previously hoped.”
Talisman has operations around the world with its three main operating areas being North America, the North Sea and Southeast Asia. It also has holdings in the Middle East and South America.
Like many natural gas producers, Talisman has been coping with stubbornly low natural gas prices by drilling in areas rich in valuable liquids. Natural gas liquids, used to make plastics and petrochemicals, track oil prices more closely than they do ordinary dry natural gas.
In the fall, Talisman bulked up its presence in a liquids-rich part of the Eagle Ford shale in Texas, alongside Norway’s Statoil.
Another strategy natural gas producers have adopted recently is to ink joint-venture deals. Talisman agreed to sell a 50 per cent stake two of its shale properties in northeastern British Columbia to South Africa’s Sasol for $1.05 billion each.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Talisman Energy (TSE:TLM) posts Q1 loss
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Shares in Talisman Energy Inc. (TSE:TLM) sank nearly seven per cent Wednesday, after the global energy producer reported a first-quarter net loss due partly to a sudden oil profits tax hike in the United Kingdom.
The stock was trading at $20.91 around mid-day on the Toronto Stock Exchange, a loss of $1.52.
Calgary-based Talisman, which recently began reporting in U.S. dollars, said its net loss during the first quarter was $326 million, or 32 cents per share, reversing profits of $371 million, or 36 cents per share during the same 2010 period.
Earnings from operations rose to $157 million from $155 million in the same period of 2010 and were unchanged on a per share basis at 15 cents. Revenues increased to $2 billion from a year-earlier $1.84 billion.
The results missed analyst estimates of 31 cents in earnings per share and revenues of $2.15 billion, according to Thomson Reuters.
One of Talisman’s key operating areas is the British sector of the North Sea. In March, the U.K. government raised its cash flow tax from 50 per cent to 62 per cent, surprising many energy companies drilling for oil offshore.
The hike dealt a $250-million blow to Talisman’s bottom line during the quarter, and the future of its operations in the region is uncertain, said chief executive John Manzoni.
“The U.K. tax change, of course, has an influence on future projects. We’re in the process of reviewing our development plans carefully right now, and I believe we may reconsider some of them,” he told a conference call with analysts Wednesday.
“But I don’t want to rush into that. We’ll consider them carefully and I plan to discuss them with the U.K. government before taking any action.”
Talisman’s earnings were also squeezed by the fact that more of its oil was sent straight to inventory and by its hedging activities.
The company entered contracts to sell its crude at between $92 and $98 per barrel as a means to shield itself from swings in commodity prices. Since crude prices traded much higher than that range during the quarter, the gap counts as a loss for Talisman.
Chief financial officer Scott Thomson said the hedging loss amounted to $320 million.
Overall production in the quarter was up 14 per cent from a year ago at 444,000 barrels of oil equivalent per day.
The company left its production growth guidance unchanged at between five and 10 per cent, excluding its operations in Colombia, where volumes are expected on average at about 11,000 barrels per day.
However, Manzoni said Talisman is now looking at the lower end of that range after delays at its Yme project in Norway.
“This project continues to cause problems, and I’m frustrated by the quality of the work undertaken by our contractor, which is requiring considerable rework in the yard,” Manzoni told the conference call.
“The good news, I suppose, is we can take advantage of the platform being in the yard to complete the work faster than we would be able to do offshore. But I’m now anticipating that the field will be on stream by the end of the fourth quarter rather than July as we had previously hoped.”
Talisman has operations around the world with its three main operating areas being North America, the North Sea and Southeast Asia. It also has holdings in the Middle East and South America.
Like many natural gas producers, Talisman has been coping with stubbornly low natural gas prices by drilling in areas rich in valuable liquids. Natural gas liquids, used to make plastics and petrochemicals, track oil prices more closely than they do ordinary dry natural gas.
In the fall, Talisman bulked up its presence in a liquids-rich part of the Eagle Ford shale in Texas, alongside Norway’s Statoil.
Another strategy natural gas producers have adopted recently is to ink joint-venture deals. Talisman agreed to sell a 50 per cent stake two of its shale properties in northeastern British Columbia to South Africa’s Sasol for $1.05 billion each.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Canadian dollar falls back amid lower prices for crude oil, metals
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports The Canadian dollar was lower against the American currency Wednesday amid sliding prices for oil and metals.
The loonie fell 0.6 of a cent to 104.38 cents US.
The June crude contract on the New York Mercantile Exchange lost $1.66 to US$109.39 a barrel. Copper prices also fell Wednesday morning with the May contract on the Nymex down 11 cents to US$4.13 a pound. Bullion also headed lower as the June contract fell $11.30 to US$1,529.10 an ounce.
There seemed to be several reasons for the weakness on commodity markets.
Volatility in the commodities sector has been on the increase this week as silver prices also continued to tumble with prices down around 20 per cent this week. The metal has been sliding for the past week after CME Group Inc., which owns Comex, increased margin requirements to trade silver metal three times after prices for the metal surged over the last two months.
Analysts say investors have been forced to sell other securities to meet higher margin calls, including other commodities such as oil and metals.
The July silver contract was down $2.35 to US$40.24.
Speculation that China will continue tightening measures to control inflation also helped depress oil prices, as did a report which showed U.S. crude supplies rose more than expected last week, suggesting growth in demand could be waning.
On the economic front, there was some negative news two days before the release of the U.S. non-farm payrolls report for April.
The ADP employment reported an increase of 179,000 private sectors jobs for the month, which was below consensus expectations for a 198,000 gain.
“Today’s soft report, coupled with the string of elevated initial jobless claims recently, suggest some caution ahead of Friday’s U.S. non-farm payrolls data,” said CIBC World Markets economist Krishene Rangasamy.
“Our near-consensus call of 185,000 net new jobs created in April, reflects such caution.”
Also depressing sentiment was a much lower than expected reading on the health of the U.S. service sector.
The Institute for Supply Management’s April index fell to 52.8 from 57.3, much lower than the 58 reading that economists expected.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports The Canadian dollar was lower against the American currency Wednesday amid sliding prices for oil and metals.
The loonie fell 0.6 of a cent to 104.38 cents US.
The June crude contract on the New York Mercantile Exchange lost $1.66 to US$109.39 a barrel. Copper prices also fell Wednesday morning with the May contract on the Nymex down 11 cents to US$4.13 a pound. Bullion also headed lower as the June contract fell $11.30 to US$1,529.10 an ounce.
There seemed to be several reasons for the weakness on commodity markets.
Volatility in the commodities sector has been on the increase this week as silver prices also continued to tumble with prices down around 20 per cent this week. The metal has been sliding for the past week after CME Group Inc., which owns Comex, increased margin requirements to trade silver metal three times after prices for the metal surged over the last two months.
Analysts say investors have been forced to sell other securities to meet higher margin calls, including other commodities such as oil and metals.
The July silver contract was down $2.35 to US$40.24.
Speculation that China will continue tightening measures to control inflation also helped depress oil prices, as did a report which showed U.S. crude supplies rose more than expected last week, suggesting growth in demand could be waning.
On the economic front, there was some negative news two days before the release of the U.S. non-farm payrolls report for April.
The ADP employment reported an increase of 179,000 private sectors jobs for the month, which was below consensus expectations for a 198,000 gain.
“Today’s soft report, coupled with the string of elevated initial jobless claims recently, suggest some caution ahead of Friday’s U.S. non-farm payrolls data,” said CIBC World Markets economist Krishene Rangasamy.
“Our near-consensus call of 185,000 net new jobs created in April, reflects such caution.”
Also depressing sentiment was a much lower than expected reading on the health of the U.S. service sector.
The Institute for Supply Management’s April index fell to 52.8 from 57.3, much lower than the 58 reading that economists expected.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Canadian dollar falls back amid lower prices for crude oil, metals
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports The Canadian dollar was lower against the American currency Wednesday amid sliding prices for oil and metals.
The loonie fell 0.6 of a cent to 104.38 cents US.
The June crude contract on the New York Mercantile Exchange lost $1.66 to US$109.39 a barrel. Copper prices also fell Wednesday morning with the May contract on the Nymex down 11 cents to US$4.13 a pound. Bullion also headed lower as the June contract fell $11.30 to US$1,529.10 an ounce.
There seemed to be several reasons for the weakness on commodity markets.
Volatility in the commodities sector has been on the increase this week as silver prices also continued to tumble with prices down around 20 per cent this week. The metal has been sliding for the past week after CME Group Inc., which owns Comex, increased margin requirements to trade silver metal three times after prices for the metal surged over the last two months.
Analysts say investors have been forced to sell other securities to meet higher margin calls, including other commodities such as oil and metals.
The July silver contract was down $2.35 to US$40.24.
Speculation that China will continue tightening measures to control inflation also helped depress oil prices, as did a report which showed U.S. crude supplies rose more than expected last week, suggesting growth in demand could be waning.
On the economic front, there was some negative news two days before the release of the U.S. non-farm payrolls report for April.
The ADP employment reported an increase of 179,000 private sectors jobs for the month, which was below consensus expectations for a 198,000 gain.
“Today’s soft report, coupled with the string of elevated initial jobless claims recently, suggest some caution ahead of Friday’s U.S. non-farm payrolls data,” said CIBC World Markets economist Krishene Rangasamy.
“Our near-consensus call of 185,000 net new jobs created in April, reflects such caution.”
Also depressing sentiment was a much lower than expected reading on the health of the U.S. service sector.
The Institute for Supply Management’s April index fell to 52.8 from 57.3, much lower than the 58 reading that economists expected.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports Norway’s Statoil says Q1 profits surge 44 pct on higher oil, gas prices
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Statoil ASA’s first quarter profits surged 44 per cent as higher oil and gas prices made up for lower output, the Norwegian energy group said Wednesday.
The company said profits in the three months ending March 31 jumped to 16.1 billion kroner ($3.1 billion) from 11.1 billion in the same period a year ago, while revenues rose 13 per cent to 145.6 billion kroner.
The increases came even though the energy group, which is based in Stavanger, said total production fell 6 per cent in the first quarter to 1.97 billion barrels of oil equivalents.
Statoil said the production decrease was mainly caused by operational issues in Angola and on the Norwegian continental shelf. Natural declines on mature fields, suspended production in Libya and issues at the Shah Deniz field in Azerbaijan also contributed to the fall.
Planned maintenance shutdowns are also expected to have a bigger impact on the full year result than previously forecast, the group said. In total, Statoil expects the closures to lower production by 50 million barrels of oil equivalents per day in 2011 compared with 40 million previously forecast.
As a result, the company expects 2011 production to be around the same level, or slightly below, last year’s.
More than offsetting the production decline on profitability was the 33 per cent increase in average liquid fuel prices and a 20 per cent rise in natural gas prices.
Last month, Statoil announced a significant oil discovery on the Skrugard prospect in the Barents Sea and started oil production from the Peregrino offshore field in Brazil.
“Through the Skrugard discovery and the new acreage awarded Statoil in the Barents Sea, we take new steps in opening a new energy frontier in the North,” CEO Helge Lund said.
Shares in Statoil fell by 0.4 per cent to 148.00 kroner ($28.1) in afternoon trading on the Oslo Stock Exchange.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports TSX Poised For Mixed Open
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Toronto stocks are poised for a mixed open Wednesday after a steep fall in the previous session and easing commodities prices. Meanwhile, latest data from the U.S. revealed that private sector employment rose less than expected in April.
Elsewhere, Asian markets ended mixed overnight and European stocks were lingering in the red amid selling in resource plays.
U.S. stock futures were pointing to a flat open.
On Tuesday, the S&P/TSX Composite Index plummeted 242.14 points or 1.74 percent to 13,692.37.
The price of crude oil eased below $111 as traders await cues from today’s economic data and official report on weekly U.S. crude oil inventories. Tuesday after the markets hours, the API said U.S. crude oil inventories increased by 3.20 million barrels and gasoline stocks gained 657,000 barrels in the week ended April 29. Analysts were expecting crude oil inventories to pile up by 1.90 million barrels and gasoline stocks were seen gaining 0.60 million barrels last week.
Crude for June slipped $0.30 to $110.75 a barrel and Gold for June edged up $0.40 to $1,540.80.
In corporate news from Canada, Kinross Gold reported a much improved first-quarter net earnings of $255.5 million or $0.22 per share compared to $181.3 million or $0.26 per share last year. Adjusted net earnings was $180.3 million or $0.16 per share, compared to $99.7 million or $0.14 per share last year. Analysts were expecting the gold producer to report earnings of $0.14 per share.
Wood products company West Fraser Timber reported lower first-quarter earnings of C$19 million or C$0.44 per share compared to C$29 million or C$0.67 per share last year.
Information solutions provider MacDonald Dettwiler reported that its first quarter net earnings surged to C$84.4 million or C$2.05 per share from C$28.1 million or C$0.69 per share in the same quarter last year.
Insurance services provider Genworth MI Canada Inc. reported first-quarter net income of C$80 million or C$0.76 per share, compared with C$84 million or C$0.71 per share in the prior year quarter. Analysts were expecting the gold producer to report earnings of $0.78 per share. The company announced a C$0.26 per common share dividend.
Fertilizer maker Agrium Inc. swung to profit in first quarter, reporting net earnings of $171 million or $1.09 per share, compared to loss of $1 million or $0.01 per share last year. Earlier today, the company announced that Cargill, Inc. obtained clearance from Australia’s Foreign Investment Review Board for Cargill’s proposed acquisition of Commodity Management Business of AWB Ltd. from Agrium.
Oil and gas firm Talisman Energy slipped in to the red in first quarter, reporting a net loss of $326 million or $0.32 per share compared with an income of $371 million or $0.36 per share last year.
Distribution utility holding company Fortis Inc. reported higher first quarter net earnings of C$117 million or C$0.67 per share from C$100 million or C$0.58 per share in the year-ago quarter. Analysts were expecting the gold producer to report earnings of $0.62 per share.
Insurance services provider Intact Financial Corp. reported improved first quarter profit of C$157 million or C$1.42 per share compared to C$141 million or C$1.19 per share last year. Analysts were expecting the gold producer to report earnings of $0.82 per share.
Media company Torstar Corp. reported lower first quarter net income of $15.4 million or $0.20 per share compared to net earnings of $16.6 million or $0.21 per share year. Nonetheless, the company increased its dividend to $0.125 per share from $0.0925 per share.
Specialty pharmaceutical company Labopharm Inc. reported a wider first quarter net loss of C$12.36 million or C$0.17 per share compared to C$8.18 million or C$0.13 per share last year.
In economic news from south of the border, the Automatic Data Processing, Inc. said non-farm private employment rose by 179,000 jobs in April following an upwardly revised increase of 207,000 jobs in March. Economists had expected an increase of about 200,000 jobs compared to the addition of 201,000 jobs originally reported for the previous month.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Toronto stocks are poised for a mixed open Wednesday after a steep fall in the previous session and easing commodities prices. Meanwhile, latest data from the U.S. revealed that private sector employment rose less than expected in April.
Elsewhere, Asian markets ended mixed overnight and European stocks were lingering in the red amid selling in resource plays.
U.S. stock futures were pointing to a flat open.
On Tuesday, the S&P/TSX Composite Index plummeted 242.14 points or 1.74 percent to 13,692.37.
The price of crude oil eased below $111 as traders await cues from today’s economic data and official report on weekly U.S. crude oil inventories. Tuesday after the markets hours, the API said U.S. crude oil inventories increased by 3.20 million barrels and gasoline stocks gained 657,000 barrels in the week ended April 29. Analysts were expecting crude oil inventories to pile up by 1.90 million barrels and gasoline stocks were seen gaining 0.60 million barrels last week.
Crude for June slipped $0.30 to $110.75 a barrel and Gold for June edged up $0.40 to $1,540.80.
In corporate news from Canada, Kinross Gold reported a much improved first-quarter net earnings of $255.5 million or $0.22 per share compared to $181.3 million or $0.26 per share last year. Adjusted net earnings was $180.3 million or $0.16 per share, compared to $99.7 million or $0.14 per share last year. Analysts were expecting the gold producer to report earnings of $0.14 per share.
Wood products company West Fraser Timber reported lower first-quarter earnings of C$19 million or C$0.44 per share compared to C$29 million or C$0.67 per share last year.
Information solutions provider MacDonald Dettwiler reported that its first quarter net earnings surged to C$84.4 million or C$2.05 per share from C$28.1 million or C$0.69 per share in the same quarter last year.
Insurance services provider Genworth MI Canada Inc. reported first-quarter net income of C$80 million or C$0.76 per share, compared with C$84 million or C$0.71 per share in the prior year quarter. Analysts were expecting the gold producer to report earnings of $0.78 per share. The company announced a C$0.26 per common share dividend.
Fertilizer maker Agrium Inc. swung to profit in first quarter, reporting net earnings of $171 million or $1.09 per share, compared to loss of $1 million or $0.01 per share last year. Earlier today, the company announced that Cargill, Inc. obtained clearance from Australia’s Foreign Investment Review Board for Cargill’s proposed acquisition of Commodity Management Business of AWB Ltd. from Agrium.
Oil and gas firm Talisman Energy slipped in to the red in first quarter, reporting a net loss of $326 million or $0.32 per share compared with an income of $371 million or $0.36 per share last year.
Distribution utility holding company Fortis Inc. reported higher first quarter net earnings of C$117 million or C$0.67 per share from C$100 million or C$0.58 per share in the year-ago quarter. Analysts were expecting the gold producer to report earnings of $0.62 per share.
Insurance services provider Intact Financial Corp. reported improved first quarter profit of C$157 million or C$1.42 per share compared to C$141 million or C$1.19 per share last year. Analysts were expecting the gold producer to report earnings of $0.82 per share.
Media company Torstar Corp. reported lower first quarter net income of $15.4 million or $0.20 per share compared to net earnings of $16.6 million or $0.21 per share year. Nonetheless, the company increased its dividend to $0.125 per share from $0.0925 per share.
Specialty pharmaceutical company Labopharm Inc. reported a wider first quarter net loss of C$12.36 million or C$0.17 per share compared to C$8.18 million or C$0.13 per share last year.
In economic news from south of the border, the Automatic Data Processing, Inc. said non-farm private employment rose by 179,000 jobs in April following an upwardly revised increase of 207,000 jobs in March. Economists had expected an increase of about 200,000 jobs compared to the addition of 201,000 jobs originally reported for the previous month.
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Dominion Lending Centres Clearlease Reports TSX Poised For Mixed Open
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Toronto stocks are poised for a mixed open Wednesday after a steep fall in the previous session and easing commodities prices. Meanwhile, latest data from the U.S. revealed that private sector employment rose less than expected in April.
Elsewhere, Asian markets ended mixed overnight and European stocks were lingering in the red amid selling in resource plays.
U.S. stock futures were pointing to a flat open.
On Tuesday, the S&P/TSX Composite Index plummeted 242.14 points or 1.74 percent to 13,692.37.
The price of crude oil eased below $111 as traders await cues from today’s economic data and official report on weekly U.S. crude oil inventories. Tuesday after the markets hours, the API said U.S. crude oil inventories increased by 3.20 million barrels and gasoline stocks gained 657,000 barrels in the week ended April 29. Analysts were expecting crude oil inventories to pile up by 1.90 million barrels and gasoline stocks were seen gaining 0.60 million barrels last week.
Crude for June slipped $0.30 to $110.75 a barrel and Gold for June edged up $0.40 to $1,540.80.
In corporate news from Canada, Kinross Gold reported a much improved first-quarter net earnings of $255.5 million or $0.22 per share compared to $181.3 million or $0.26 per share last year. Adjusted net earnings was $180.3 million or $0.16 per share, compared to $99.7 million or $0.14 per share last year. Analysts were expecting the gold producer to report earnings of $0.14 per share.
Wood products company West Fraser Timber reported lower first-quarter earnings of C$19 million or C$0.44 per share compared to C$29 million or C$0.67 per share last year.
Information solutions provider MacDonald Dettwiler reported that its first quarter net earnings surged to C$84.4 million or C$2.05 per share from C$28.1 million or C$0.69 per share in the same quarter last year.
Insurance services provider Genworth MI Canada Inc. reported first-quarter net income of C$80 million or C$0.76 per share, compared with C$84 million or C$0.71 per share in the prior year quarter. Analysts were expecting the gold producer to report earnings of $0.78 per share. The company announced a C$0.26 per common share dividend.
Fertilizer maker Agrium Inc. swung to profit in first quarter, reporting net earnings of $171 million or $1.09 per share, compared to loss of $1 million or $0.01 per share last year. Earlier today, the company announced that Cargill, Inc. obtained clearance from Australia’s Foreign Investment Review Board for Cargill’s proposed acquisition of Commodity Management Business of AWB Ltd. from Agrium.
Oil and gas firm Talisman Energy slipped in to the red in first quarter, reporting a net loss of $326 million or $0.32 per share compared with an income of $371 million or $0.36 per share last year.
Distribution utility holding company Fortis Inc. reported higher first quarter net earnings of C$117 million or C$0.67 per share from C$100 million or C$0.58 per share in the year-ago quarter. Analysts were expecting the gold producer to report earnings of $0.62 per share.
Insurance services provider Intact Financial Corp. reported improved first quarter profit of C$157 million or C$1.42 per share compared to C$141 million or C$1.19 per share last year. Analysts were expecting the gold producer to report earnings of $0.82 per share.
Media company Torstar Corp. reported lower first quarter net income of $15.4 million or $0.20 per share compared to net earnings of $16.6 million or $0.21 per share year. Nonetheless, the company increased its dividend to $0.125 per share from $0.0925 per share.
Specialty pharmaceutical company Labopharm Inc. reported a wider first quarter net loss of C$12.36 million or C$0.17 per share compared to C$8.18 million or C$0.13 per share last year.
In economic news from south of the border, the Automatic Data Processing, Inc. said non-farm private employment rose by 179,000 jobs in April following an upwardly revised increase of 207,000 jobs in March. Economists had expected an increase of about 200,000 jobs compared to the addition of 201,000 jobs originally reported for the previous month.
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.
