Dominion Lending Centres Clearlease Reports China Opportunity Inc. (TSXV: COC.V ) Private Placement $12.6 million
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports China Opportunity Inc. (TSXV: COC.V ) today announced the closing of a non-brokered private placement financing of 21 million common shares at $0.60 per share for gross proceeds of $12.6 million.
PowerOne Capital Markets Limited acted as financial advisor to the Corporation in connection with the private placement.
All common shares issued pursuant to the offering are subject to a four month and one day hold period from the date of issue.
Proceeds from the offering will be used by the Corporation to pursue exploration opportunities within the mining sector in West Africa and for working capital purposes.
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 – (April 29, 2011) Clearlease Reports China Opportunity Inc. (TSXV: COC.V ) today announced the closing of a non-brokered private placement financing of 21 million common shares at $0.60 per share for gross proceeds of $12.6 million.
PowerOne Capital Markets Limited acted as financial advisor to the Corporation in connection with the private placement.
All common shares issued pursuant to the offering are subject to a four month and one day hold period from the date of issue.
Proceeds from the offering will be used by the Corporation to pursue exploration opportunities within the mining sector in West Africa and for working capital purposes.
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 China Opportunity Inc. (TSXV: COC.V ) Private Placement $12.6 million
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports China Opportunity Inc. (TSXV: COC.V ) today announced the closing of a non-brokered private placement financing of 21 million common shares at $0.60 per share for gross proceeds of $12.6 million.
PowerOne Capital Markets Limited acted as financial advisor to the Corporation in connection with the private placement.
All common shares issued pursuant to the offering are subject to a four month and one day hold period from the date of issue.
Proceeds from the offering will be used by the Corporation to pursue exploration opportunities within the mining sector in West Africa and for working capital purposes.
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 NuLegacy Engages Advanture Capital Partners Inc. for Investor Relations Services
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports NuLegacy Gold Corporation (“the Company”) reports that it has engaged Advanture Capital Partners Inc. of Vancouver, B.C. to provide investor relations, corporate communications and marketing services to the Company.
Advanture Capital Partners Inc. is a Vancouver based public company development firm focused on partnering with emerging companies to centralize administration, regulatory reporting, financing and investor relations. Advanture’s infrastructure enables their clients to focus on developing their business and building shareholder value.
Lloyd Jacobs and Michael Stetzel of Advanture will be the individuals primarily responsible for providing services to the Company on behalf of Advanture. For additional information about Advanture and its principals, which include the Company’s CFO Adrian Rothwell please visit www.advanturecapital.com.
Advanture will be paid a monthly fee of $6,000 (plus applicable taxes) out of working capital and will receive options to purchase 200,000 shares of the Company at a price of $0.29 per share for a period of 5 years, subject to vesting over a period of 12 months in accordance with the policies of the TSX Venture Exchange. Subject to regulatory approval, the engagement is for a period of one year, but may be terminated earlier by either party upon 30 days notice.
NuLegacy Gold Corporation is a Nevada based exploration company focused on the discovery of Carlin-type replacement gold deposits on:
— its 45 square mile Red Hill Prospect in the well-established and prolific Cortez Segment of the Battle Mountain Eureka trend which hosts four multi-million ounce Carlin-type deposits, and — its 35 square mile Wood Hills South Prospect which is contiguous to, and geologically similar to, the West Pequop and Long Canyon Carlin-type discoveries that Newmont is acquiring for approximately $800 million.
NuLegacy Gold is executing a focused exploration and drilling program employing sophisticated techniques for targeting multi-million ounce Carlin-type gold deposits.
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 – (April 29, 2011) Clearlease Reports NuLegacy Gold Corporation (“the Company”) reports that it has engaged Advanture Capital Partners Inc. of Vancouver, B.C. to provide investor relations, corporate communications and marketing services to the Company.
Advanture Capital Partners Inc. is a Vancouver based public company development firm focused on partnering with emerging companies to centralize administration, regulatory reporting, financing and investor relations. Advanture’s infrastructure enables their clients to focus on developing their business and building shareholder value.
Lloyd Jacobs and Michael Stetzel of Advanture will be the individuals primarily responsible for providing services to the Company on behalf of Advanture. For additional information about Advanture and its principals, which include the Company’s CFO Adrian Rothwell please visit www.advanturecapital.com.
Advanture will be paid a monthly fee of $6,000 (plus applicable taxes) out of working capital and will receive options to purchase 200,000 shares of the Company at a price of $0.29 per share for a period of 5 years, subject to vesting over a period of 12 months in accordance with the policies of the TSX Venture Exchange. Subject to regulatory approval, the engagement is for a period of one year, but may be terminated earlier by either party upon 30 days notice.
NuLegacy Gold Corporation is a Nevada based exploration company focused on the discovery of Carlin-type replacement gold deposits on:
— its 45 square mile Red Hill Prospect in the well-established and prolific Cortez Segment of the Battle Mountain Eureka trend which hosts four multi-million ounce Carlin-type deposits, and — its 35 square mile Wood Hills South Prospect which is contiguous to, and geologically similar to, the West Pequop and Long Canyon Carlin-type discoveries that Newmont is acquiring for approximately $800 million.
NuLegacy Gold is executing a focused exploration and drilling program employing sophisticated techniques for targeting multi-million ounce Carlin-type gold deposits.
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 NuLegacy Engages Advanture Capital Partners Inc. for Investor Relations Services
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports NuLegacy Gold Corporation (“the Company”) reports that it has engaged Advanture Capital Partners Inc. of Vancouver, B.C. to provide investor relations, corporate communications and marketing services to the Company.
Advanture Capital Partners Inc. is a Vancouver based public company development firm focused on partnering with emerging companies to centralize administration, regulatory reporting, financing and investor relations. Advanture’s infrastructure enables their clients to focus on developing their business and building shareholder value.
Lloyd Jacobs and Michael Stetzel of Advanture will be the individuals primarily responsible for providing services to the Company on behalf of Advanture. For additional information about Advanture and its principals, which include the Company’s CFO Adrian Rothwell please visit www.advanturecapital.com.
Advanture will be paid a monthly fee of $6,000 (plus applicable taxes) out of working capital and will receive options to purchase 200,000 shares of the Company at a price of $0.29 per share for a period of 5 years, subject to vesting over a period of 12 months in accordance with the policies of the TSX Venture Exchange. Subject to regulatory approval, the engagement is for a period of one year, but may be terminated earlier by either party upon 30 days notice.
NuLegacy Gold Corporation is a Nevada based exploration company focused on the discovery of Carlin-type replacement gold deposits on:
— its 45 square mile Red Hill Prospect in the well-established and prolific Cortez Segment of the Battle Mountain Eureka trend which hosts four multi-million ounce Carlin-type deposits, and — its 35 square mile Wood Hills South Prospect which is contiguous to, and geologically similar to, the West Pequop and Long Canyon Carlin-type discoveries that Newmont is acquiring for approximately $800 million.
NuLegacy Gold is executing a focused exploration and drilling program employing sophisticated techniques for targeting multi-million ounce Carlin-type gold deposits.
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 Crude prices rise on weak U.S. dollar (TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Oil got a boost from the weaker U.S. dollar on Friday, with benchmark crude for June delivery rising $1.07 to settle at US$113.93 a barrel on the New York Mercantile Exchange.
The American dollar hit a three-year low against major currencies, including Canada’s dollar. The greenback’s weakness is also reflected in the price of commodities that are traded on global markets in U.S. dollars.
In London, Brent crude rose 87 cents to settle at $125.89 on the ICE Futures exchange.
On Nymex, heating oil rose 2.99 cents to settle at $3.2758 per gallon, gasoline futures gained 2.88 cents to settle at $3.3984 per gallon and natural gas rose 12.8 cents to settle at $4.761 on the Nymex.
In the U.S., the average gas pump price rose to within a dime of $4 a gallon Friday, as weather-related refinery outages tightened supplies and pushed up prices.
A series of severe storms this week caused power outages that temporarily shut down seven refineries in Texas, Alabama and Pennsylvania. The shutdowns aren’t expected to last more than a few days, but 750,000 to 1 million barrels a day of production has been interrupted, according to Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.
The affected refineries mostly ship product to the Southeast, Midwest and Gulf Coast states, Kloza said. That’s where motorists will probably see the biggest increases in pump prices over the next few days.
Oil and gasoline futures have risen about 35 per cent since mid-February when uprisings broke out in Libya and other countries in the Middle East and North Africa.
Traders have been concerned that the anti-government clashes will significantly disrupt oil supplies. The only disruption so far has been the loss of Libya’s 1.6 million barrels a day of oil production because of unrest there. Libya supplied less than 2 per cent of the world’s oil, most of it going to Europe. Saudi Arabia and other OPEC nations have covered much of the shortfall.
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 – (April 29, 2011) Clearlease Reports Oil got a boost from the weaker U.S. dollar on Friday, with benchmark crude for June delivery rising $1.07 to settle at US$113.93 a barrel on the New York Mercantile Exchange.
The American dollar hit a three-year low against major currencies, including Canada’s dollar. The greenback’s weakness is also reflected in the price of commodities that are traded on global markets in U.S. dollars.
In London, Brent crude rose 87 cents to settle at $125.89 on the ICE Futures exchange.
On Nymex, heating oil rose 2.99 cents to settle at $3.2758 per gallon, gasoline futures gained 2.88 cents to settle at $3.3984 per gallon and natural gas rose 12.8 cents to settle at $4.761 on the Nymex.
In the U.S., the average gas pump price rose to within a dime of $4 a gallon Friday, as weather-related refinery outages tightened supplies and pushed up prices.
A series of severe storms this week caused power outages that temporarily shut down seven refineries in Texas, Alabama and Pennsylvania. The shutdowns aren’t expected to last more than a few days, but 750,000 to 1 million barrels a day of production has been interrupted, according to Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.
The affected refineries mostly ship product to the Southeast, Midwest and Gulf Coast states, Kloza said. That’s where motorists will probably see the biggest increases in pump prices over the next few days.
Oil and gasoline futures have risen about 35 per cent since mid-February when uprisings broke out in Libya and other countries in the Middle East and North Africa.
Traders have been concerned that the anti-government clashes will significantly disrupt oil supplies. The only disruption so far has been the loss of Libya’s 1.6 million barrels a day of oil production because of unrest there. Libya supplied less than 2 per cent of the world’s oil, most of it going to Europe. Saudi Arabia and other OPEC nations have covered much of the shortfall.
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 Crude prices rise on weak U.S. dollar (TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Oil got a boost from the weaker U.S. dollar on Friday, with benchmark crude for June delivery rising $1.07 to settle at US$113.93 a barrel on the New York Mercantile Exchange.
The American dollar hit a three-year low against major currencies, including Canada’s dollar. The greenback’s weakness is also reflected in the price of commodities that are traded on global markets in U.S. dollars.
In London, Brent crude rose 87 cents to settle at $125.89 on the ICE Futures exchange.
On Nymex, heating oil rose 2.99 cents to settle at $3.2758 per gallon, gasoline futures gained 2.88 cents to settle at $3.3984 per gallon and natural gas rose 12.8 cents to settle at $4.761 on the Nymex.
In the U.S., the average gas pump price rose to within a dime of $4 a gallon Friday, as weather-related refinery outages tightened supplies and pushed up prices.
A series of severe storms this week caused power outages that temporarily shut down seven refineries in Texas, Alabama and Pennsylvania. The shutdowns aren’t expected to last more than a few days, but 750,000 to 1 million barrels a day of production has been interrupted, according to Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.
The affected refineries mostly ship product to the Southeast, Midwest and Gulf Coast states, Kloza said. That’s where motorists will probably see the biggest increases in pump prices over the next few days.
Oil and gasoline futures have risen about 35 per cent since mid-February when uprisings broke out in Libya and other countries in the Middle East and North Africa.
Traders have been concerned that the anti-government clashes will significantly disrupt oil supplies. The only disruption so far has been the loss of Libya’s 1.6 million barrels a day of oil production because of unrest there. Libya supplied less than 2 per cent of the world’s oil, most of it going to Europe. Saudi Arabia and other OPEC nations have covered much of the shortfall.
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 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 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 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 – (April 29, 2011) Clearlease Reports Toronto’s main stock index made a late-day dash higher on Friday as rallying resource issues overcame a plunge by BlackBerry maker Research In Motion .
The energy and materials groups, which together make up about 50 percent of the index’s weight, were up 1.12 percent and 0.67 percent respectively.
Suncor Energy , ahead 1.89 percent at C$43.61, and Canadian Natural Resources , up 2.44 percent at C$44.51, were the biggest heavyweight advancers on Friday. Potash Corp rose 1.44 percent to C$53.45.
The Toronto Stock Exchange’s S&P/TSX composite index finished 50.39 points, or 0.36 percent, higher at 13,944.79. Nine of its 10 sectors advanced.
The index fell 0.2 percent on the week.
“We seem have some difficulty breaking above 14,000,” said Elvis Picardo, an analyst and strategist at Global Securities in Vancouver.
He said gold issues have not been fully participating in the surge in the price of gold, which rose nearly 2 percent to near $1,570 on Friday, hitting a record high for a third consecutive day.
Overall, Toronto’s main index has lagged its U.S. counterparts recently, analysts said, even with rising commodity prices.
“After outperforming for an impressive seven straight years, Canadian stocks have suddenly lost some luster versus their U.S. counterparts,” said Robert Kavcic, economist at BMO Capital Markets.
“One reason for the somewhat sluggish performance in Canada has been what’s happening at the sector level.”
He noted that the index’s materials group, home to the gold miners, have been a relative drag, while the technology sector — after accounting for index weights — has been “the biggest driver of underperformance in Canada.”
The information technology group was the TSX’s lone decliner on Friday, down 3.09 percent, as RIM fell more than 14 percent to C$46.09 after it issued a profit warning late on Thursday.
RIM was the day’s biggest decliner, accounting for more than 10 percent more drag on the index than the second worst performer, Silver Wheaton .
“If you were to put RIM aside, you’re seeing a better bid to the energy complex, you’re still seeing better leadership within the metals and golds complex, you’re still seeing some rotation out of the financials that is moving into energy again,” said Sid Mokhtari, market technician and director of institutional equity research at CIBC World Markets.
“When we put it all together, we see that the positive cycle of the commodities — although it appears somewhat tired in the near term — structurally remains in good standing.”
Until the rally in the final moments of the session, the main index had been bouncing around the unchanged mark. Picardo said the flat performance can be attributed partly to market caution as the left-leaning New Democratic Party has closed in on the incumbent Conservatives in the polls ahead of Monday’s general election.
The gap between the Conservatives and the NDP — a distant third nationally at the start of the campaign — has narrowed to just five points.
“It could be that we’re seeing investors on the sidelines because of the election next week. There seems to be some degree of uncertainty about which way it’s going to go,” Picardo said.
“And I would say that’s been a pattern ever since the NDP surged in the polls.”
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 – (April 29, 2011) Clearlease Reports Toronto’s main stock index made a late-day dash higher on Friday as rallying resource issues overcame a plunge by BlackBerry maker Research In Motion .
The energy and materials groups, which together make up about 50 percent of the index’s weight, were up 1.12 percent and 0.67 percent respectively.
Suncor Energy , ahead 1.89 percent at C$43.61, and Canadian Natural Resources , up 2.44 percent at C$44.51, were the biggest heavyweight advancers on Friday. Potash Corp rose 1.44 percent to C$53.45.
The Toronto Stock Exchange’s S&P/TSX composite index finished 50.39 points, or 0.36 percent, higher at 13,944.79. Nine of its 10 sectors advanced.
The index fell 0.2 percent on the week.
“We seem have some difficulty breaking above 14,000,” said Elvis Picardo, an analyst and strategist at Global Securities in Vancouver.
He said gold issues have not been fully participating in the surge in the price of gold, which rose nearly 2 percent to near $1,570 on Friday, hitting a record high for a third consecutive day.
Overall, Toronto’s main index has lagged its U.S. counterparts recently, analysts said, even with rising commodity prices.
“After outperforming for an impressive seven straight years, Canadian stocks have suddenly lost some luster versus their U.S. counterparts,” said Robert Kavcic, economist at BMO Capital Markets.
“One reason for the somewhat sluggish performance in Canada has been what’s happening at the sector level.”
He noted that the index’s materials group, home to the gold miners, have been a relative drag, while the technology sector — after accounting for index weights — has been “the biggest driver of underperformance in Canada.”
The information technology group was the TSX’s lone decliner on Friday, down 3.09 percent, as RIM fell more than 14 percent to C$46.09 after it issued a profit warning late on Thursday.
RIM was the day’s biggest decliner, accounting for more than 10 percent more drag on the index than the second worst performer, Silver Wheaton .
“If you were to put RIM aside, you’re seeing a better bid to the energy complex, you’re still seeing better leadership within the metals and golds complex, you’re still seeing some rotation out of the financials that is moving into energy again,” said Sid Mokhtari, market technician and director of institutional equity research at CIBC World Markets.
“When we put it all together, we see that the positive cycle of the commodities — although it appears somewhat tired in the near term — structurally remains in good standing.”
Until the rally in the final moments of the session, the main index had been bouncing around the unchanged mark. Picardo said the flat performance can be attributed partly to market caution as the left-leaning New Democratic Party has closed in on the incumbent Conservatives in the polls ahead of Monday’s general election.
The gap between the Conservatives and the NDP — a distant third nationally at the start of the campaign — has narrowed to just five points.
“It could be that we’re seeing investors on the sidelines because of the election next week. There seems to be some degree of uncertainty about which way it’s going to go,” Picardo said.
“And I would say that’s been a pattern ever since the NDP surged in the polls.”
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 – (April 29, 2011) Clearlease Reports Toronto’s main stock index made a late-day dash higher on Friday as rallying resource issues overcame a plunge by BlackBerry maker Research In Motion .
The energy and materials groups, which together make up about 50 percent of the index’s weight, were up 1.12 percent and 0.67 percent respectively.
Suncor Energy , ahead 1.89 percent at C$43.61, and Canadian Natural Resources , up 2.44 percent at C$44.51, were the biggest heavyweight advancers on Friday. Potash Corp rose 1.44 percent to C$53.45.
The Toronto Stock Exchange’s S&P/TSX composite index finished 50.39 points, or 0.36 percent, higher at 13,944.79. Nine of its 10 sectors advanced.
The index fell 0.2 percent on the week.
“We seem have some difficulty breaking above 14,000,” said Elvis Picardo, an analyst and strategist at Global Securities in Vancouver.
He said gold issues have not been fully participating in the surge in the price of gold, which rose nearly 2 percent to near $1,570 on Friday, hitting a record high for a third consecutive day.
Overall, Toronto’s main index has lagged its U.S. counterparts recently, analysts said, even with rising commodity prices.
“After outperforming for an impressive seven straight years, Canadian stocks have suddenly lost some luster versus their U.S. counterparts,” said Robert Kavcic, economist at BMO Capital Markets.
“One reason for the somewhat sluggish performance in Canada has been what’s happening at the sector level.”
He noted that the index’s materials group, home to the gold miners, have been a relative drag, while the technology sector — after accounting for index weights — has been “the biggest driver of underperformance in Canada.”
The information technology group was the TSX’s lone decliner on Friday, down 3.09 percent, as RIM fell more than 14 percent to C$46.09 after it issued a profit warning late on Thursday.
RIM was the day’s biggest decliner, accounting for more than 10 percent more drag on the index than the second worst performer, Silver Wheaton .
“If you were to put RIM aside, you’re seeing a better bid to the energy complex, you’re still seeing better leadership within the metals and golds complex, you’re still seeing some rotation out of the financials that is moving into energy again,” said Sid Mokhtari, market technician and director of institutional equity research at CIBC World Markets.
“When we put it all together, we see that the positive cycle of the commodities — although it appears somewhat tired in the near term — structurally remains in good standing.”
Until the rally in the final moments of the session, the main index had been bouncing around the unchanged mark. Picardo said the flat performance can be attributed partly to market caution as the left-leaning New Democratic Party has closed in on the incumbent Conservatives in the polls ahead of Monday’s general election.
The gap between the Conservatives and the NDP — a distant third nationally at the start of the campaign — has narrowed to just five points.
“It could be that we’re seeing investors on the sidelines because of the election next week. There seems to be some degree of uncertainty about which way it’s going to go,” Picardo said.
“And I would say that’s been a pattern ever since the NDP surged in the polls.”
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 – (April 29, 2011) Clearlease Reports Diaz Resources Ltd. (TSX:DZR) says its main banker has cut the junior energy producer’s credit line nearly in half and the company has received financing help from a key shareholder to help repay its bank debt.
Calgary-based Diaz said Friday its banker had cut the company’s credit line to $3.5 million from $6 million after an annual review.
The cut reflects the reduced values of Diaz’s remaining natural gas properties because of weak gas prices.
The company has repaid $500,000 of the $3 million it owes the bank and is supposed to repay the remaining $2.5 million by May 26.
Diaz said that in light of the credit cut, the company has asked shareholders to help finance the company’s heavy oil projects in the Lloydminster area along the Alberta-Saskatchewan border,
Humboldt Capital, a principal shareholder of Diaz, has lent the company $1 million to cover the immediate loan repayment and provide working capital.
“Humboldt has participated in a number of prior Diaz financings to enable Diaz to acquire and commence development of its heavy oil properties.” Humboldt chairman Robert Lamond said in a release.
“With three of the properties currently on production, Humboldt plans to be proactive in assisting Diaz with a portion of its financing requirements.”
Diaz is focused on oil development and exploration in Alberta and Saskatchewan.
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 – (April 29, 2011) Clearlease Reports Diaz Resources Ltd. (TSX:DZR) says its main banker has cut the junior energy producer’s credit line nearly in half and the company has received financing help from a key shareholder to help repay its bank debt.
Calgary-based Diaz said Friday its banker had cut the company’s credit line to $3.5 million from $6 million after an annual review.
The cut reflects the reduced values of Diaz’s remaining natural gas properties because of weak gas prices.
The company has repaid $500,000 of the $3 million it owes the bank and is supposed to repay the remaining $2.5 million by May 26.
Diaz said that in light of the credit cut, the company has asked shareholders to help finance the company’s heavy oil projects in the Lloydminster area along the Alberta-Saskatchewan border,
Humboldt Capital, a principal shareholder of Diaz, has lent the company $1 million to cover the immediate loan repayment and provide working capital.
“Humboldt has participated in a number of prior Diaz financings to enable Diaz to acquire and commence development of its heavy oil properties.” Humboldt chairman Robert Lamond said in a release.
“With three of the properties currently on production, Humboldt plans to be proactive in assisting Diaz with a portion of its financing requirements.”
Diaz is focused on oil development and exploration in Alberta and Saskatchewan.
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 – (April 29, 2011) Clearlease Reports Diaz Resources Ltd. (TSX:DZR) says its main banker has cut the junior energy producer’s credit line nearly in half and the company has received financing help from a key shareholder to help repay its bank debt.
Calgary-based Diaz said Friday its banker had cut the company’s credit line to $3.5 million from $6 million after an annual review.
The cut reflects the reduced values of Diaz’s remaining natural gas properties because of weak gas prices.
The company has repaid $500,000 of the $3 million it owes the bank and is supposed to repay the remaining $2.5 million by May 26.
Diaz said that in light of the credit cut, the company has asked shareholders to help finance the company’s heavy oil projects in the Lloydminster area along the Alberta-Saskatchewan border,
Humboldt Capital, a principal shareholder of Diaz, has lent the company $1 million to cover the immediate loan repayment and provide working capital.
“Humboldt has participated in a number of prior Diaz financings to enable Diaz to acquire and commence development of its heavy oil properties.” Humboldt chairman Robert Lamond said in a release.
“With three of the properties currently on production, Humboldt plans to be proactive in assisting Diaz with a portion of its financing requirements.”
Diaz is focused on oil development and exploration in Alberta and Saskatchewan.
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.
LSE and TMX start long Canadian merger approval process Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The London and Toronto stock exchanges started the clock ticking on Friday for the months-long Canadian government review of a $3 billion tie-up that has already polarized public opinion.
Nearly three months after announcing the deal, to opposition from some banks, politicians and companies, the London Stock Exchange and TMX Group said they filed an application for review under the Investment Canada Act and had talked with provincial securities regulators.
“Filing with the regulators is a good sign,” said Renee Colyer, chief executive of global markets research consulting firm Forefactor.
“They’re hoping for the best, they believe in what they’re doing, they believe it’s good for Canada, it’s good for London.”
The London Stock Exchange bid on February 9 for the TMX Group, Canada’s largest stock exchange operator and one of the largest concentrations of mining equity in the world, but had not yet filed for approval for regulators.
Proponents say the deal will help Canadian capital markets, while detractors say it will hand control to London.
A panel of legislators in Ontario — home to many TMX Group assets — issued a nonbinding report on April 19 that included tough recommendations for the takeover to be approved.
“This report, as well as other feedback received during the regulatory review process, will receive full consideration during the course of the approval process with the various authorities,” the TMX and LSE said in a joint statement.
Under the Investment Canada Act, a foreign investor must prove its deal would be a net benefit to Canada.
Canada’s Industry Minister will have 45 days to decide, and can extend that review period by an additional 30 days or longer. The government can ask for undertakings regarding the transaction at any point during the review.
The deal would create a transatlantic exchange and powerhouse in mining and resource equity. It also requires the approval of the Ontario Securities Commission — which has veto power — and several other provincial regulators.
TMX Group owns the Toronto Stock Exchange, the TSX Venture Exchange for small-cap companies and the Montreal Exchange, Canada’s main derivatives bourse.
A combined entity with the LSE would create a $7 billion exchange doing $4 trillion in annual trading.
The London offer is one of a number of proposed global exchange tie-ups. Two bidders are courting the NYSE Euronext , while Australia last month rejected an offer for its main exchange from Singapore.
Canada has rejected two foreign takeover offers since the Investment Canada Act was enacted in 1985.
The Conservatives, leading in opinion polls ahead of Canada’s May 2 federal election, have not indicated how they would respond to the deal. But Jack Layton, leader of the second-placed NDP told Reuters on Thursday that he saw too many downsides to approve the bid.
“We worry that Canadian business trying to access capital might have greater difficulty. As much as one might want to pretend that nothing will change, we find that hard to believe,” he said in an interview.
“We think the current structure makes the most sense for Canada, so someone would have to do a lot of persuading.”
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 – (April 29, 2011) Clearlease Reports The London and Toronto stock exchanges started the clock ticking on Friday for the months-long Canadian government review of a $3 billion tie-up that has already polarized public opinion.
Nearly three months after announcing the deal, to opposition from some banks, politicians and companies, the London Stock Exchange and TMX Group said they filed an application for review under the Investment Canada Act and had talked with provincial securities regulators.
“Filing with the regulators is a good sign,” said Renee Colyer, chief executive of global markets research consulting firm Forefactor.
“They’re hoping for the best, they believe in what they’re doing, they believe it’s good for Canada, it’s good for London.”
The London Stock Exchange bid on February 9 for the TMX Group, Canada’s largest stock exchange operator and one of the largest concentrations of mining equity in the world, but had not yet filed for approval for regulators.
Proponents say the deal will help Canadian capital markets, while detractors say it will hand control to London.
A panel of legislators in Ontario — home to many TMX Group assets — issued a nonbinding report on April 19 that included tough recommendations for the takeover to be approved.
“This report, as well as other feedback received during the regulatory review process, will receive full consideration during the course of the approval process with the various authorities,” the TMX and LSE said in a joint statement.
Under the Investment Canada Act, a foreign investor must prove its deal would be a net benefit to Canada.
Canada’s Industry Minister will have 45 days to decide, and can extend that review period by an additional 30 days or longer. The government can ask for undertakings regarding the transaction at any point during the review.
The deal would create a transatlantic exchange and powerhouse in mining and resource equity. It also requires the approval of the Ontario Securities Commission — which has veto power — and several other provincial regulators.
TMX Group owns the Toronto Stock Exchange, the TSX Venture Exchange for small-cap companies and the Montreal Exchange, Canada’s main derivatives bourse.
A combined entity with the LSE would create a $7 billion exchange doing $4 trillion in annual trading.
The London offer is one of a number of proposed global exchange tie-ups. Two bidders are courting the NYSE Euronext , while Australia last month rejected an offer for its main exchange from Singapore.
Canada has rejected two foreign takeover offers since the Investment Canada Act was enacted in 1985.
The Conservatives, leading in opinion polls ahead of Canada’s May 2 federal election, have not indicated how they would respond to the deal. But Jack Layton, leader of the second-placed NDP told Reuters on Thursday that he saw too many downsides to approve the bid.
“We worry that Canadian business trying to access capital might have greater difficulty. As much as one might want to pretend that nothing will change, we find that hard to believe,” he said in an interview.
“We think the current structure makes the most sense for Canada, so someone would have to do a lot of persuading.”
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.
LSE and TMX start long Canadian merger approval process Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The London and Toronto stock exchanges started the clock ticking on Friday for the months-long Canadian government review of a $3 billion tie-up that has already polarized public opinion.
Nearly three months after announcing the deal, to opposition from some banks, politicians and companies, the London Stock Exchange and TMX Group said they filed an application for review under the Investment Canada Act and had talked with provincial securities regulators.
“Filing with the regulators is a good sign,” said Renee Colyer, chief executive of global markets research consulting firm Forefactor.
“They’re hoping for the best, they believe in what they’re doing, they believe it’s good for Canada, it’s good for London.”
The London Stock Exchange bid on February 9 for the TMX Group, Canada’s largest stock exchange operator and one of the largest concentrations of mining equity in the world, but had not yet filed for approval for regulators.
Proponents say the deal will help Canadian capital markets, while detractors say it will hand control to London.
A panel of legislators in Ontario — home to many TMX Group assets — issued a nonbinding report on April 19 that included tough recommendations for the takeover to be approved.
“This report, as well as other feedback received during the regulatory review process, will receive full consideration during the course of the approval process with the various authorities,” the TMX and LSE said in a joint statement.
Under the Investment Canada Act, a foreign investor must prove its deal would be a net benefit to Canada.
Canada’s Industry Minister will have 45 days to decide, and can extend that review period by an additional 30 days or longer. The government can ask for undertakings regarding the transaction at any point during the review.
The deal would create a transatlantic exchange and powerhouse in mining and resource equity. It also requires the approval of the Ontario Securities Commission — which has veto power — and several other provincial regulators.
TMX Group owns the Toronto Stock Exchange, the TSX Venture Exchange for small-cap companies and the Montreal Exchange, Canada’s main derivatives bourse.
A combined entity with the LSE would create a $7 billion exchange doing $4 trillion in annual trading.
The London offer is one of a number of proposed global exchange tie-ups. Two bidders are courting the NYSE Euronext , while Australia last month rejected an offer for its main exchange from Singapore.
Canada has rejected two foreign takeover offers since the Investment Canada Act was enacted in 1985.
The Conservatives, leading in opinion polls ahead of Canada’s May 2 federal election, have not indicated how they would respond to the deal. But Jack Layton, leader of the second-placed NDP told Reuters on Thursday that he saw too many downsides to approve the bid.
“We worry that Canadian business trying to access capital might have greater difficulty. As much as one might want to pretend that nothing will change, we find that hard to believe,” he said in an interview.
“We think the current structure makes the most sense for Canada, so someone would have to do a lot of persuading.”
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 – (April 29, 2011) Clearlease Reports Copper One Inc. (TSXV:CUO.V) is pleased to announce that it has closed the non-brokered private placement previously announced on March 31, 2011, raising gross proceeds of $4,500,000.
The private placement consisted of the issuance of 3,750,000 flow-through units (the “FT Units”) at a price of $0.40 per FT Unit and 8,571,428 non-flow-through units (the “NFT Units”) at a price of $0.35 per NFT Unit. Each FT Unit consists of one common share of the Company (a “Share”), which is designated as a flow-through share pursuant to the Income Tax Act (Canada), and one share purchase warrant (a “FT Warrant”). Each FT Warrant will entitle the holder to purchase one further Share at a price of $0.60 per Share for a period of two years from the date of issuance. Each NFT Unit consists of one Share and one share purchase warrant (a “NFT Warrant”). Each NFT Warrant will entitle the holder to purchase one further Share of the Company at a price of $0.50 per Share for a period of two years from the date of issuance.
The securities issued under the offering are subject to a statutory hold period expiring on August 28, 2011. The proceeds will be used for exploration of the Company’s various exploration projects including the Rivière Dore property and for general working capital purposes.
Additionally, the Company is pleased to announce the appointment of Francois Perron as a director and Chairman of the Board of Directors. Mr. Perron is currently the President and Chief Executive Officer of Alexis Minerals Corporation and was previously the President and Chief Executive Officer of Golden Goose Resources until its sale to Kodiak Exploration in 2010. Prior to joining Golden Goose Resources, Mr. Perron was a portfolio manager, managing various resource funds for NBC Alternative Assets in 2008 and the Caisse de dépôt et placement du Québec from 2001 to 2007. In 2006, he was recognized by Brendan Woods International as a Top Gun Asset Manager in Mining. Prior to fund management, he was a research analyst covering the forest product sector at Merrill Lynch. Mr. Perron is also a director of Yorbeau Resources Inc., which is listed on the Toronto Stock Exchange and a director of Apogee Silver Ltd. which is listed on the TSX Venture Exchange. He has a Bachelor of Science, Computer Science from McMaster University and an MBA from the Hautes Etudes Commerciales.
In connection with his appointment, Mr. Perron has been granted options to purchase 500,000 common shares of the Company at an exercise price of $0.59 for a period of five years. The options will be subject to the terms of the Company’s stock option plan.
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 – (April 29, 2011) Clearlease Reports Copper One Inc. (TSXV:CUO.V) is pleased to announce that it has closed the non-brokered private placement previously announced on March 31, 2011, raising gross proceeds of $4,500,000.
The private placement consisted of the issuance of 3,750,000 flow-through units (the “FT Units”) at a price of $0.40 per FT Unit and 8,571,428 non-flow-through units (the “NFT Units”) at a price of $0.35 per NFT Unit. Each FT Unit consists of one common share of the Company (a “Share”), which is designated as a flow-through share pursuant to the Income Tax Act (Canada), and one share purchase warrant (a “FT Warrant”). Each FT Warrant will entitle the holder to purchase one further Share at a price of $0.60 per Share for a period of two years from the date of issuance. Each NFT Unit consists of one Share and one share purchase warrant (a “NFT Warrant”). Each NFT Warrant will entitle the holder to purchase one further Share of the Company at a price of $0.50 per Share for a period of two years from the date of issuance.
The securities issued under the offering are subject to a statutory hold period expiring on August 28, 2011. The proceeds will be used for exploration of the Company’s various exploration projects including the Rivière Dore property and for general working capital purposes.
Additionally, the Company is pleased to announce the appointment of Francois Perron as a director and Chairman of the Board of Directors. Mr. Perron is currently the President and Chief Executive Officer of Alexis Minerals Corporation and was previously the President and Chief Executive Officer of Golden Goose Resources until its sale to Kodiak Exploration in 2010. Prior to joining Golden Goose Resources, Mr. Perron was a portfolio manager, managing various resource funds for NBC Alternative Assets in 2008 and the Caisse de dépôt et placement du Québec from 2001 to 2007. In 2006, he was recognized by Brendan Woods International as a Top Gun Asset Manager in Mining. Prior to fund management, he was a research analyst covering the forest product sector at Merrill Lynch. Mr. Perron is also a director of Yorbeau Resources Inc., which is listed on the Toronto Stock Exchange and a director of Apogee Silver Ltd. which is listed on the TSX Venture Exchange. He has a Bachelor of Science, Computer Science from McMaster University and an MBA from the Hautes Etudes Commerciales.
In connection with his appointment, Mr. Perron has been granted options to purchase 500,000 common shares of the Company at an exercise price of $0.59 for a period of five years. The options will be subject to the terms of the Company’s stock option plan.
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 – (April 29, 2011) Clearlease Reports Copper One Inc. (TSXV:CUO.V) is pleased to announce that it has closed the non-brokered private placement previously announced on March 31, 2011, raising gross proceeds of $4,500,000.
The private placement consisted of the issuance of 3,750,000 flow-through units (the “FT Units”) at a price of $0.40 per FT Unit and 8,571,428 non-flow-through units (the “NFT Units”) at a price of $0.35 per NFT Unit. Each FT Unit consists of one common share of the Company (a “Share”), which is designated as a flow-through share pursuant to the Income Tax Act (Canada), and one share purchase warrant (a “FT Warrant”). Each FT Warrant will entitle the holder to purchase one further Share at a price of $0.60 per Share for a period of two years from the date of issuance. Each NFT Unit consists of one Share and one share purchase warrant (a “NFT Warrant”). Each NFT Warrant will entitle the holder to purchase one further Share of the Company at a price of $0.50 per Share for a period of two years from the date of issuance.
The securities issued under the offering are subject to a statutory hold period expiring on August 28, 2011. The proceeds will be used for exploration of the Company’s various exploration projects including the Rivière Dore property and for general working capital purposes.
Additionally, the Company is pleased to announce the appointment of Francois Perron as a director and Chairman of the Board of Directors. Mr. Perron is currently the President and Chief Executive Officer of Alexis Minerals Corporation and was previously the President and Chief Executive Officer of Golden Goose Resources until its sale to Kodiak Exploration in 2010. Prior to joining Golden Goose Resources, Mr. Perron was a portfolio manager, managing various resource funds for NBC Alternative Assets in 2008 and the Caisse de dépôt et placement du Québec from 2001 to 2007. In 2006, he was recognized by Brendan Woods International as a Top Gun Asset Manager in Mining. Prior to fund management, he was a research analyst covering the forest product sector at Merrill Lynch. Mr. Perron is also a director of Yorbeau Resources Inc., which is listed on the Toronto Stock Exchange and a director of Apogee Silver Ltd. which is listed on the TSX Venture Exchange. He has a Bachelor of Science, Computer Science from McMaster University and an MBA from the Hautes Etudes Commerciales.
In connection with his appointment, Mr. Perron has been granted options to purchase 500,000 common shares of the Company at an exercise price of $0.59 for a period of five years. The options will be subject to the terms of the Company’s stock option plan.
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.
ATCO Ltd. (TSX:ACO.X) reports increase in Q1 earnings to $110M; revenues top $1 billion Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diversified energy distribution and workforce housing company ATCO Ltd. (TSX:ACO.X) reported a big increase in first-quarter profit and revenue on Friday.
Calgary-based ATCO, which is involved in the generation and transmission of electrical power as well as the distribution of natural gas among other its various businesses, reported quarterly profits attributable to shareholders of $110 million or $1.89 per share.
That compared with earnings of $90 million or $1.54 per share in the same 2010 quarter.
Revenues in the three months ended March 31 were $1.02 billion, up from $908 million.
The company said the increase in revenues was primarily due to higher flow through natural gas sales and higher Alberta power pool prices along with increased manufacturing and rental activity at its Structures & Logistics segment, which provides transportable workforce housing and space rentals products.
Those increases in revenue were partially offset by the expiry of its Barking generating plant’s revenue contract in the third quarter of 2010.
In addition, the first quarter of 2010 included one-time revenues of $65 million related to the lease of the first unit of the Karratha plant in Australia, the company said in a release.
Meanwhile, an ATCO subsidiary, Canadian Utilities Ltd. (TSX:CU), also reported its quarterly results Friday, which showed an increase in earnings attributable to shareholders to $176 million or $1.34 per share, from $150 million or $1.14 per share in the 2010 period.
Revenue at Canadian Utilities was $809 million, up from $769 million in the prior-year period.
On the Toronto Stock Exchange, ATCO stock was up 21 cents at $58.08 at midday Friday, while Canadian Utilities shares were down 40 cents at $53.29
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 – (April 29, 2011) Clearlease Reports Diversified energy distribution and workforce housing company ATCO Ltd. (TSX:ACO.X) reported a big increase in first-quarter profit and revenue on Friday.
Calgary-based ATCO, which is involved in the generation and transmission of electrical power as well as the distribution of natural gas among other its various businesses, reported quarterly profits attributable to shareholders of $110 million or $1.89 per share.
That compared with earnings of $90 million or $1.54 per share in the same 2010 quarter.
Revenues in the three months ended March 31 were $1.02 billion, up from $908 million.
The company said the increase in revenues was primarily due to higher flow through natural gas sales and higher Alberta power pool prices along with increased manufacturing and rental activity at its Structures & Logistics segment, which provides transportable workforce housing and space rentals products.
Those increases in revenue were partially offset by the expiry of its Barking generating plant’s revenue contract in the third quarter of 2010.
In addition, the first quarter of 2010 included one-time revenues of $65 million related to the lease of the first unit of the Karratha plant in Australia, the company said in a release.
Meanwhile, an ATCO subsidiary, Canadian Utilities Ltd. (TSX:CU), also reported its quarterly results Friday, which showed an increase in earnings attributable to shareholders to $176 million or $1.34 per share, from $150 million or $1.14 per share in the 2010 period.
Revenue at Canadian Utilities was $809 million, up from $769 million in the prior-year period.
On the Toronto Stock Exchange, ATCO stock was up 21 cents at $58.08 at midday Friday, while Canadian Utilities shares were down 40 cents at $53.29
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.
ATCO Ltd. (TSX:ACO.X) reports increase in Q1 earnings to $110M; revenues top $1 billion Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diversified energy distribution and workforce housing company ATCO Ltd. (TSX:ACO.X) reported a big increase in first-quarter profit and revenue on Friday.
Calgary-based ATCO, which is involved in the generation and transmission of electrical power as well as the distribution of natural gas among other its various businesses, reported quarterly profits attributable to shareholders of $110 million or $1.89 per share.
That compared with earnings of $90 million or $1.54 per share in the same 2010 quarter.
Revenues in the three months ended March 31 were $1.02 billion, up from $908 million.
The company said the increase in revenues was primarily due to higher flow through natural gas sales and higher Alberta power pool prices along with increased manufacturing and rental activity at its Structures & Logistics segment, which provides transportable workforce housing and space rentals products.
Those increases in revenue were partially offset by the expiry of its Barking generating plant’s revenue contract in the third quarter of 2010.
In addition, the first quarter of 2010 included one-time revenues of $65 million related to the lease of the first unit of the Karratha plant in Australia, the company said in a release.
Meanwhile, an ATCO subsidiary, Canadian Utilities Ltd. (TSX:CU), also reported its quarterly results Friday, which showed an increase in earnings attributable to shareholders to $176 million or $1.34 per share, from $150 million or $1.14 per share in the 2010 period.
Revenue at Canadian Utilities was $809 million, up from $769 million in the prior-year period.
On the Toronto Stock Exchange, ATCO stock was up 21 cents at $58.08 at midday Friday, while Canadian Utilities shares were down 40 cents at $53.29
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.
Canadian Dollar Exchange Rate better despite weaker than expected economic growth Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The Canadian dollar rebounded from earlier losses against its U.S. counterpart by midday Friday as traders brushed off data that showed Canada’s economy grew at a slower than expected pace in February.
The loonie gained 0.29 of a cent to 105.44 cents US as the greenback slid against most other major currencies on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil and food prices.
The Canadian dollar had fallen against its U.S. counterpart earlier after Statistics Canada released a report saying real gross domestic product fell 0.2 per cent in February on the heels of a 0.5 per cent increase in January.
Most economists had expected GDP would remain flat after consecutive 0.5 per cent gains in December and January. However, there seemed to be minimal concern that February’s results were a sign of a wider slowdown to come.
“Canada’s winning streak hasn’t been broken — the economy just took a pause after a heated expansion,” said Emanuella Enenajor, an economist at CIBC World Markets.
First-quarter GDP should still come close to four per cent if there is a rebound in March.
Oil moved ahead 50 cents to US$113.36 a barrel on the New York Mercantile Exchange while gold prices surged $13.70 to US$1,544.90 an ounce. Copper was down seven cents at US$4.17 a pound as concerns persist that China could move to slow growth, which could hamper resource demand.
Meanwhile, U.S. data released Thursday showed that the world’s biggest economy lost steam in the first three months of the year. That helped push the greenback down against the Canadian dollar, the yen and the euro.
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 – (April 29, 2011) Clearlease Reports The Canadian dollar rebounded from earlier losses against its U.S. counterpart by midday Friday as traders brushed off data that showed Canada’s economy grew at a slower than expected pace in February.
The loonie gained 0.29 of a cent to 105.44 cents US as the greenback slid against most other major currencies on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil and food prices.
The Canadian dollar had fallen against its U.S. counterpart earlier after Statistics Canada released a report saying real gross domestic product fell 0.2 per cent in February on the heels of a 0.5 per cent increase in January.
Most economists had expected GDP would remain flat after consecutive 0.5 per cent gains in December and January. However, there seemed to be minimal concern that February’s results were a sign of a wider slowdown to come.
“Canada’s winning streak hasn’t been broken — the economy just took a pause after a heated expansion,” said Emanuella Enenajor, an economist at CIBC World Markets.
First-quarter GDP should still come close to four per cent if there is a rebound in March.
Oil moved ahead 50 cents to US$113.36 a barrel on the New York Mercantile Exchange while gold prices surged $13.70 to US$1,544.90 an ounce. Copper was down seven cents at US$4.17 a pound as concerns persist that China could move to slow growth, which could hamper resource demand.
Meanwhile, U.S. data released Thursday showed that the world’s biggest economy lost steam in the first three months of the year. That helped push the greenback down against the Canadian dollar, the yen and the euro.
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.
Canadian Dollar Exchange Rate better despite weaker than expected economic growth Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The Canadian dollar rebounded from earlier losses against its U.S. counterpart by midday Friday as traders brushed off data that showed Canada’s economy grew at a slower than expected pace in February.
The loonie gained 0.29 of a cent to 105.44 cents US as the greenback slid against most other major currencies on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil and food prices.
The Canadian dollar had fallen against its U.S. counterpart earlier after Statistics Canada released a report saying real gross domestic product fell 0.2 per cent in February on the heels of a 0.5 per cent increase in January.
Most economists had expected GDP would remain flat after consecutive 0.5 per cent gains in December and January. However, there seemed to be minimal concern that February’s results were a sign of a wider slowdown to come.
“Canada’s winning streak hasn’t been broken — the economy just took a pause after a heated expansion,” said Emanuella Enenajor, an economist at CIBC World Markets.
First-quarter GDP should still come close to four per cent if there is a rebound in March.
Oil moved ahead 50 cents to US$113.36 a barrel on the New York Mercantile Exchange while gold prices surged $13.70 to US$1,544.90 an ounce. Copper was down seven cents at US$4.17 a pound as concerns persist that China could move to slow growth, which could hamper resource demand.
Meanwhile, U.S. data released Thursday showed that the world’s biggest economy lost steam in the first three months of the year. That helped push the greenback down against the Canadian dollar, the yen and the euro.
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.
