Dominion Lending Centres Clearlease Reports The Churchill Corporation (TSX: CUQ) wins $165 M in new contracts in Q1

Dominion Lending Centres Clearlease Reports The Churchill Corporation (TSX: CUQ) wins $165 M in new contracts in Q1

CALGARY – (April 13, 2011) Clearlease.com Reports Construction company The Churchill Corporation (TSX: CUQ) says its industrial services unit won about $165 million of new contracts from public and private sector clients in Western Canada in the first quarter.

The unit consists of Broda Construction Inc., Insulation Holdings Inc. and Laird Electric Inc.

Broda won about $48 million of new contracts, including one in Alberta for the rough grading of the Calgary Airport Authority’s new runway program.

Meanwhile, Laird secured $55 million of new contracts and IHI got $62 million of new orders — about $35 million of projects in Saskatchewan, including oil refinery work and projects in the potash mining sector, and $27 million of work in Alberta.

“We are pleased to see our industrial services segment building high quality backlog as the industrial spend in Western Canada remains robust,” said Jim Houck, Churchill’s CEO.

“Some of these project additions demonstrate the revenue synergies that we expected from our Seacliff acquisition as we combined the customer lists of Broda, a former Seacliff company operating primarily in Saskatchewan, and Laird and IHI, both legacy Churchill companies.”

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Zipcar Inc., the giant of car sharing, has big plans as it goes public

Dominion Lending Centres Clearlease Reports Zipcar Inc., the giant of car sharing, has big plans as it goes public

Dominion Lending Centres Clearlease Reports Zipcar Inc., the giant of car sharing, has big plans as it goes public

NEW YORK, N.Y. – (April 13, 2011) Clearlease.com Reports Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week.

Its supporters think skyrocketing gas prices will make car sharing more popular. They praise Zipcar’s technological savvy and its plans for overseas expansion.

Zipcar is “one of the long-awaited hot tickets in the IPO valley,” said John Fitzgibbon, founder of IPOscoop.com. Investors are warming up to IPOs again after the market sputtered in 2008 and 2009.

Still, Zipcar has never been profitable since it was founded in 2000. It expects to lose money again in 2011. Cars, its main expense, don’t come cheap.

The IPO’s value would total about $125 million at the midpoint of its expected price range of $14 to $16 per share. Of that, the company expects proceeds of about $89 million, $46 million of which it plans to use to pay down debt.

The company plans to trade on the Nasdaq Stock Market under the ticker ZIP. The offering is expected to price Wednesday night, with the stock to start trading Thursday.

Unlike a car-rental program, Zipcar doesn’t require customers to visit a store to pick up keys. Rather, members pay a $60 annual fee and $25 application fee to join and get a keycard. Cars are parked throughout their city.

Members go online to reserve a car nearby, and their keycard unlocks it. Hourly rates vary but are usually less than $10. Customers don’t pay for gas.

Although Zipcar says it has identified dozens more cities where it could succeed, there are questions about just how far it can expand. Its model works best in densely populated areas where many residents don’t own cars.

Zipcar, based in Cambridge, Massachusetts, is a giant among U.S. car-sharing programs, operating in 14 cities. Most of its competitors serve just one. It bought it major direct competitor, Flexcar, in 2007.

However, rental car companies Enterprise and Hertz have created their own car-sharing programs. Zipcar’s smaller rivals also recently formed an alliance called The CarSharing Association.

Zipcar is quickly expanding on college campuses with cars at 230 colleges, up from 150 in June. Last year, it moved overseas by buying U.K. rival Streetcar Ltd.

Zipcar says it has pinpointed more than 100 metro areas worldwide and hundreds more colleges as attractive markets.

“If it works, then everyone’s going to make a lot of money,” rental-car analyst Michael Millman said. “If it doesn’t, I suppose they can always contract to be smaller and profitable.”

Investment groups including Norwegian investment firm Smedvig Capital AS and a range of individual investors are also selling shares and will get part of the IPO proceeds.

Zipcar gets praise for its use of technology: For example, members can get text messages when their reservation is almost up and learn whether they can extend the rental.

The company counts two tech celebrities on its board of directors, AOL co-founder Steve Case and former eBay CEO Meg Whitman.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Zipcar Inc., the giant of car sharing, has big plans as it goes public

NEW YORK, N.Y. – (April 13, 2011) Clearlease.com Reports Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week.

Its supporters think skyrocketing gas prices will make car sharing more popular. They praise Zipcar’s technological savvy and its plans for overseas expansion.

Zipcar is “one of the long-awaited hot tickets in the IPO valley,” said John Fitzgibbon, founder of IPOscoop.com. Investors are warming up to IPOs again after the market sputtered in 2008 and 2009.

Still, Zipcar has never been profitable since it was founded in 2000. It expects to lose money again in 2011. Cars, its main expense, don’t come cheap.

The IPO’s value would total about $125 million at the midpoint of its expected price range of $14 to $16 per share. Of that, the company expects proceeds of about $89 million, $46 million of which it plans to use to pay down debt.

The company plans to trade on the Nasdaq Stock Market under the ticker ZIP. The offering is expected to price Wednesday night, with the stock to start trading Thursday.

Unlike a car-rental program, Zipcar doesn’t require customers to visit a store to pick up keys. Rather, members pay a $60 annual fee and $25 application fee to join and get a keycard. Cars are parked throughout their city.

Members go online to reserve a car nearby, and their keycard unlocks it. Hourly rates vary but are usually less than $10. Customers don’t pay for gas.

Although Zipcar says it has identified dozens more cities where it could succeed, there are questions about just how far it can expand. Its model works best in densely populated areas where many residents don’t own cars.

Zipcar, based in Cambridge, Massachusetts, is a giant among U.S. car-sharing programs, operating in 14 cities. Most of its competitors serve just one. It bought it major direct competitor, Flexcar, in 2007.

However, rental car companies Enterprise and Hertz have created their own car-sharing programs. Zipcar’s smaller rivals also recently formed an alliance called The CarSharing Association.

Zipcar is quickly expanding on college campuses with cars at 230 colleges, up from 150 in June. Last year, it moved overseas by buying U.K. rival Streetcar Ltd.

Zipcar says it has pinpointed more than 100 metro areas worldwide and hundreds more colleges as attractive markets.

“If it works, then everyone’s going to make a lot of money,” rental-car analyst Michael Millman said. “If it doesn’t, I suppose they can always contract to be smaller and profitable.”

Investment groups including Norwegian investment firm Smedvig Capital AS and a range of individual investors are also selling shares and will get part of the IPO proceeds.

Zipcar gets praise for its use of technology: For example, members can get text messages when their reservation is almost up and learn whether they can extend the rental.

The company counts two tech celebrities on its board of directors, AOL co-founder Steve Case and former eBay CEO Meg Whitman.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Zipcar Inc., the giant of car sharing, has big plans as it goes public

NEW YORK, N.Y. – (April 13, 2011) Clearlease.com Reports Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week.

Its supporters think skyrocketing gas prices will make car sharing more popular. They praise Zipcar’s technological savvy and its plans for overseas expansion.

Zipcar is “one of the long-awaited hot tickets in the IPO valley,” said John Fitzgibbon, founder of IPOscoop.com. Investors are warming up to IPOs again after the market sputtered in 2008 and 2009.

Still, Zipcar has never been profitable since it was founded in 2000. It expects to lose money again in 2011. Cars, its main expense, don’t come cheap.

The IPO’s value would total about $125 million at the midpoint of its expected price range of $14 to $16 per share. Of that, the company expects proceeds of about $89 million, $46 million of which it plans to use to pay down debt.

The company plans to trade on the Nasdaq Stock Market under the ticker ZIP. The offering is expected to price Wednesday night, with the stock to start trading Thursday.

Unlike a car-rental program, Zipcar doesn’t require customers to visit a store to pick up keys. Rather, members pay a $60 annual fee and $25 application fee to join and get a keycard. Cars are parked throughout their city.

Members go online to reserve a car nearby, and their keycard unlocks it. Hourly rates vary but are usually less than $10. Customers don’t pay for gas.

Although Zipcar says it has identified dozens more cities where it could succeed, there are questions about just how far it can expand. Its model works best in densely populated areas where many residents don’t own cars.

Zipcar, based in Cambridge, Massachusetts, is a giant among U.S. car-sharing programs, operating in 14 cities. Most of its competitors serve just one. It bought it major direct competitor, Flexcar, in 2007.

However, rental car companies Enterprise and Hertz have created their own car-sharing programs. Zipcar’s smaller rivals also recently formed an alliance called The CarSharing Association.

Zipcar is quickly expanding on college campuses with cars at 230 colleges, up from 150 in June. Last year, it moved overseas by buying U.K. rival Streetcar Ltd.

Zipcar says it has pinpointed more than 100 metro areas worldwide and hundreds more colleges as attractive markets.

“If it works, then everyone’s going to make a lot of money,” rental-car analyst Michael Millman said. “If it doesn’t, I suppose they can always contract to be smaller and profitable.”

Investment groups including Norwegian investment firm Smedvig Capital AS and a range of individual investors are also selling shares and will get part of the IPO proceeds.

Zipcar gets praise for its use of technology: For example, members can get text messages when their reservation is almost up and learn whether they can extend the rental.

The company counts two tech celebrities on its board of directors, AOL co-founder Steve Case and former eBay CEO Meg Whitman.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

Dominion Lending Centres Clearlease Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

Dominion Lending Centres Clearlease Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

HELSINKI – (April 13, 2011) Clearlease.com Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

Nokia said the two models — the E6 and X7 — have longer battery life, better text input and new Ovi Maps applications with improved search and public transport routes.

The Nokia E6, with a standard QWERTY keypad and high resolution touch display, is aimed at corporate customers, while the Nokia X7 is an entertainment-focused handset with a 4-inch (10-centimetre) display made for games.

The world’s largest cellphone maker did not price the handsets.

Markets seemed unimpressed by the announcement, which comes as Nokia continues to struggle against stiff competition, especially from Apple Inc. and Research in Motion Ltd.

Nokia stock fell more than 3 per cent to €6.08 ($8.80) on the Helsinki Stock Exchange.

More than 200 million phones, with 150 million more expected on the market, use Symbian technology, seen by some developers as clumsy and dated. At the end of last year, it was surpassed by Android as the world’s No. 1 smart phone software.

Nokia said the new, faster Symbian software, known as Symbian Anna, will be available for previously released top models, including the N8, E7, C7 and C6-01 devices “in coming months.”

In February, Nokia and Microsoft surprised the industry by announcing they were joining forces to challenge major rivals. Nokia said it will use Microsoft Corp.’s Windows Phone software as the main platform for its smartphones but will continue to develop and use the new Symbian software.

But they have a tough battle ahead.

The iPhone has set the standard for today’s smartphones and Research In Motion Ltd.’s BlackBerrys have become the favourite of the corporate set. More recently, Google Inc.’s Android software has emerged as the choice for phone makers that want to challenge the iPhone.

A key challenge will be to produce quality devices with a hip factor that helps position Windows Phone as an attractive alternative in a market where image plays a central role.

Windows Phone 7, launched last year, has a lot of catching up to do both in the number of users and “apps” available for the phones.

Nokia, which claims 1.3 billion daily users of its devices, said it hopes the partnership with Microsoft will lead to capturing the next billion users to join the Internet in developing growth markets.

Last year, the Finnish firm retained its No.1 spot as the world’s top mobile phone maker — a position it has held since 1998, selling 432 million devices — more than its three closest rivals combined. But market share has continued on a downward spiral — from a high of 41 per cent in 2008 to 31 per cent in the last quarter of 2010.

Also, its share in smartphones has plunged — to 30 per cent at the end of 2010 from 40 per cent a year earlier. And, at the end of last year Nokia and the Symbian platform was surpassed by Android as the world’s No. 1 smartphone software, according to Canalys research firm.

Nokia, an Espoo-based company, near Helsinki, employs 132,500 people.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

HELSINKI – (April 13, 2011) Clearlease.com Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

Nokia said the two models — the E6 and X7 — have longer battery life, better text input and new Ovi Maps applications with improved search and public transport routes.

The Nokia E6, with a standard QWERTY keypad and high resolution touch display, is aimed at corporate customers, while the Nokia X7 is an entertainment-focused handset with a 4-inch (10-centimetre) display made for games.

The world’s largest cellphone maker did not price the handsets.

Markets seemed unimpressed by the announcement, which comes as Nokia continues to struggle against stiff competition, especially from Apple Inc. and Research in Motion Ltd.

Nokia stock fell more than 3 per cent to €6.08 ($8.80) on the Helsinki Stock Exchange.

More than 200 million phones, with 150 million more expected on the market, use Symbian technology, seen by some developers as clumsy and dated. At the end of last year, it was surpassed by Android as the world’s No. 1 smart phone software.

Nokia said the new, faster Symbian software, known as Symbian Anna, will be available for previously released top models, including the N8, E7, C7 and C6-01 devices “in coming months.”

In February, Nokia and Microsoft surprised the industry by announcing they were joining forces to challenge major rivals. Nokia said it will use Microsoft Corp.’s Windows Phone software as the main platform for its smartphones but will continue to develop and use the new Symbian software.

But they have a tough battle ahead.

The iPhone has set the standard for today’s smartphones and Research In Motion Ltd.’s BlackBerrys have become the favourite of the corporate set. More recently, Google Inc.’s Android software has emerged as the choice for phone makers that want to challenge the iPhone.

A key challenge will be to produce quality devices with a hip factor that helps position Windows Phone as an attractive alternative in a market where image plays a central role.

Windows Phone 7, launched last year, has a lot of catching up to do both in the number of users and “apps” available for the phones.

Nokia, which claims 1.3 billion daily users of its devices, said it hopes the partnership with Microsoft will lead to capturing the next billion users to join the Internet in developing growth markets.

Last year, the Finnish firm retained its No.1 spot as the world’s top mobile phone maker — a position it has held since 1998, selling 432 million devices — more than its three closest rivals combined. But market share has continued on a downward spiral — from a high of 41 per cent in 2008 to 31 per cent in the last quarter of 2010.

Also, its share in smartphones has plunged — to 30 per cent at the end of 2010 from 40 per cent a year earlier. And, at the end of last year Nokia and the Symbian platform was surpassed by Android as the world’s No. 1 smartphone software, according to Canalys research firm.

Nokia, an Espoo-based company, near Helsinki, employs 132,500 people.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

HELSINKI – (April 13, 2011) Clearlease.com Reports Nokia Corp. (NYSE:NOK) on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

Nokia said the two models — the E6 and X7 — have longer battery life, better text input and new Ovi Maps applications with improved search and public transport routes.

The Nokia E6, with a standard QWERTY keypad and high resolution touch display, is aimed at corporate customers, while the Nokia X7 is an entertainment-focused handset with a 4-inch (10-centimetre) display made for games.

The world’s largest cellphone maker did not price the handsets.

Markets seemed unimpressed by the announcement, which comes as Nokia continues to struggle against stiff competition, especially from Apple Inc. and Research in Motion Ltd.

Nokia stock fell more than 3 per cent to €6.08 ($8.80) on the Helsinki Stock Exchange.

More than 200 million phones, with 150 million more expected on the market, use Symbian technology, seen by some developers as clumsy and dated. At the end of last year, it was surpassed by Android as the world’s No. 1 smart phone software.

Nokia said the new, faster Symbian software, known as Symbian Anna, will be available for previously released top models, including the N8, E7, C7 and C6-01 devices “in coming months.”

In February, Nokia and Microsoft surprised the industry by announcing they were joining forces to challenge major rivals. Nokia said it will use Microsoft Corp.’s Windows Phone software as the main platform for its smartphones but will continue to develop and use the new Symbian software.

But they have a tough battle ahead.

The iPhone has set the standard for today’s smartphones and Research In Motion Ltd.’s BlackBerrys have become the favourite of the corporate set. More recently, Google Inc.’s Android software has emerged as the choice for phone makers that want to challenge the iPhone.

A key challenge will be to produce quality devices with a hip factor that helps position Windows Phone as an attractive alternative in a market where image plays a central role.

Windows Phone 7, launched last year, has a lot of catching up to do both in the number of users and “apps” available for the phones.

Nokia, which claims 1.3 billion daily users of its devices, said it hopes the partnership with Microsoft will lead to capturing the next billion users to join the Internet in developing growth markets.

Last year, the Finnish firm retained its No.1 spot as the world’s top mobile phone maker — a position it has held since 1998, selling 432 million devices — more than its three closest rivals combined. But market share has continued on a downward spiral — from a high of 41 per cent in 2008 to 31 per cent in the last quarter of 2010.

Also, its share in smartphones has plunged — to 30 per cent at the end of 2010 from 40 per cent a year earlier. And, at the end of last year Nokia and the Symbian platform was surpassed by Android as the world’s No. 1 smartphone software, according to Canalys research firm.

Nokia, an Espoo-based company, near Helsinki, employs 132,500 people.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

The Bank of Canada laid the groundwork to hike interest rates later this year. Higher Canadian Interest Rates - Dominion Lending Centres Clearlease

The Bank of Canada laid the groundwork to hike interest rates later this year.

OTTAWA – (April 13, 2011) Dominion Lending Centres Clearlease Reports The Bank of Canada laid the groundwork to hike interest rates later this year by raising its 2011 growth and inflation forecasts on Tuesday even as it held policy steady and used less hawkish language than markets expected.

The central bank, as was widely forecast, held its key overnight rate target at 1 percent, but its accompanying statement knocked down the Canadian dollar and lowered market expectations that it would lift rates in May.

The Canadian economy will return to capacity six months earlier than previously expected, by mid-2012, the bank said. Likewise, it shortened the timeline for inflation to hit its 2 percent target, adding the rate would spike to 3 percent in the second quarter of this year.

But it made no signal it was likely to lift borrowing costs at its next decision date on May 31, saying that any such move would “need to be carefully considered” in a repeat of a phrase it has used for the past several months.

In unusually strong language on the currency, it warned that the strong Canadian dollar continued to be a nuisance, hampering the export recovery and depressing prices.

“The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices,” the bank said.

As if to prove the point, Statistics Canada on Tuesday reported a disappointing trade performance in February, with exports falling 4.9 percent and the trade surplus declining to a negligible C$33 million ($34 million).

All in all, the bank took pains to continue sitting on the fence, while keeping alive expectations of a July rate hike.

“There’s nothing here to really suggest that the Bank of Canada wants to take interest rates higher at the May meeting. But certainly there’s this idea that a July move is in play,” said David Tulk, chief Canada macro strategist at TD Securities.

The Canadian dollar, which on Monday closed near a 3-1/2 year high against the U.S. dollar, weakened to C$0.9608 to the U.S. dollar, or $1.0408, compared with C$0.9569 just before the announcement.

Overnight index swaps, which trade based on expectations for the key central bank rate, showed investors see a 8.41 percent chance of a rate hike in May, down from 26.61 percent before the bank’s Tuesday statement. They were also pricing in a lower probability of rate hikes for all subsequent 2011 decision dates.

INFLATION, GROWTH AND THE LOONIE

Unlike some other major economies, Canada has been relatively immune to inflationary pressures from rising food and energy costs. Core inflation hit its lowest level since 1985 in February, while the overall annual inflation rate was a tame 2.2 percent.

That has allowed the bank to keep its key rate on hold since last September, following three consecutive increases which made it the first central bank in the G7 to tighten policy following the global financial crisis.

Growth began to heat up in the fourth quarter and early 2011, forcing the bank to raise its economic growth forecast for this year to 2.9 percent from 2.4 percent. However, it cut the outlook for next year to 2.6 percent from 2.8 percent and sees 2013 growth in line with potential growth at 2.1 percent.

Fear of driving the Canadian dollar, known as the loonie, to new heights may be motivating the central bank to be more guarded than usual about its rate intentions, some analysts said. If markets think an increase is coming, it could trigger a rally in the currency beyond Monday’s 3-1/2 year high.

“I think their worry is that they run the risk of extrapolative expectation, so that they move once and markets say, ‘well that’s just once in a series of tightening’ and they get there too fast, rates move higher and the currency overshoots,” said Craig Wright, chief economist at RBC.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
Facebook: http://www.facebook.com/Clearlease
Facebook: http://www.facebook.com/pages/Dominion-Lending-Centres-Clearlease/158245787557542
###The Bank of Canada laid the groundwork to hike interest rates later this year. Higher Canadian Interest Rates - Dominion Lending Centres Clearlease

OTTAWA – (April 13, 2011) Dominion Lending Centres Clearlease Reports The Bank of Canada laid the groundwork to hike interest rates later this year by raising its 2011 growth and inflation forecasts on Tuesday even as it held policy steady and used less hawkish language than markets expected.

The central bank, as was widely forecast, held its key overnight rate target at 1 percent, but its accompanying statement knocked down the Canadian dollar and lowered market expectations that it would lift rates in May.

The Canadian economy will return to capacity six months earlier than previously expected, by mid-2012, the bank said. Likewise, it shortened the timeline for inflation to hit its 2 percent target, adding the rate would spike to 3 percent in the second quarter of this year.

But it made no signal it was likely to lift borrowing costs at its next decision date on May 31, saying that any such move would “need to be carefully considered” in a repeat of a phrase it has used for the past several months.

In unusually strong language on the currency, it warned that the strong Canadian dollar continued to be a nuisance, hampering the export recovery and depressing prices.

“The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices,” the bank said.

As if to prove the point, Statistics Canada on Tuesday reported a disappointing trade performance in February, with exports falling 4.9 percent and the trade surplus declining to a negligible C$33 million ($34 million).

All in all, the bank took pains to continue sitting on the fence, while keeping alive expectations of a July rate hike.

“There’s nothing here to really suggest that the Bank of Canada wants to take interest rates higher at the May meeting. But certainly there’s this idea that a July move is in play,” said David Tulk, chief Canada macro strategist at TD Securities.

The Canadian dollar, which on Monday closed near a 3-1/2 year high against the U.S. dollar, weakened to C$0.9608 to the U.S. dollar, or $1.0408, compared with C$0.9569 just before the announcement.

Overnight index swaps, which trade based on expectations for the key central bank rate, showed investors see a 8.41 percent chance of a rate hike in May, down from 26.61 percent before the bank’s Tuesday statement. They were also pricing in a lower probability of rate hikes for all subsequent 2011 decision dates.

INFLATION, GROWTH AND THE LOONIE

Unlike some other major economies, Canada has been relatively immune to inflationary pressures from rising food and energy costs. Core inflation hit its lowest level since 1985 in February, while the overall annual inflation rate was a tame 2.2 percent.

That has allowed the bank to keep its key rate on hold since last September, following three consecutive increases which made it the first central bank in the G7 to tighten policy following the global financial crisis.

Growth began to heat up in the fourth quarter and early 2011, forcing the bank to raise its economic growth forecast for this year to 2.9 percent from 2.4 percent. However, it cut the outlook for next year to 2.6 percent from 2.8 percent and sees 2013 growth in line with potential growth at 2.1 percent.

Fear of driving the Canadian dollar, known as the loonie, to new heights may be motivating the central bank to be more guarded than usual about its rate intentions, some analysts said. If markets think an increase is coming, it could trigger a rally in the currency beyond Monday’s 3-1/2 year high.

“I think their worry is that they run the risk of extrapolative expectation, so that they move once and markets say, ‘well that’s just once in a series of tightening’ and they get there too fast, rates move higher and the currency overshoots,” said Craig Wright, chief economist at RBC.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
Facebook: http://www.facebook.com/Clearlease
Facebook: http://www.facebook.com/pages/Dominion-Lending-Centres-Clearlease/158245787557542
###OTTAWA – (April 13, 2011) Dominion Lending Centres Clearlease Reports The Bank of Canada laid the groundwork to hike interest rates later this year by raising its 2011 growth and inflation forecasts on Tuesday even as it held policy steady and used less hawkish language than markets expected.

The central bank, as was widely forecast, held its key overnight rate target at 1 percent, but its accompanying statement knocked down the Canadian dollar and lowered market expectations that it would lift rates in May.

The Canadian economy will return to capacity six months earlier than previously expected, by mid-2012, the bank said. Likewise, it shortened the timeline for inflation to hit its 2 percent target, adding the rate would spike to 3 percent in the second quarter of this year.

But it made no signal it was likely to lift borrowing costs at its next decision date on May 31, saying that any such move would “need to be carefully considered” in a repeat of a phrase it has used for the past several months.

In unusually strong language on the currency, it warned that the strong Canadian dollar continued to be a nuisance, hampering the export recovery and depressing prices.

“The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices,” the bank said.

As if to prove the point, Statistics Canada on Tuesday reported a disappointing trade performance in February, with exports falling 4.9 percent and the trade surplus declining to a negligible C$33 million ($34 million).

All in all, the bank took pains to continue sitting on the fence, while keeping alive expectations of a July rate hike.

“There’s nothing here to really suggest that the Bank of Canada wants to take interest rates higher at the May meeting. But certainly there’s this idea that a July move is in play,” said David Tulk, chief Canada macro strategist at TD Securities.

The Canadian dollar, which on Monday closed near a 3-1/2 year high against the U.S. dollar, weakened to C$0.9608 to the U.S. dollar, or $1.0408, compared with C$0.9569 just before the announcement.

Overnight index swaps, which trade based on expectations for the key central bank rate, showed investors see a 8.41 percent chance of a rate hike in May, down from 26.61 percent before the bank’s Tuesday statement. They were also pricing in a lower probability of rate hikes for all subsequent 2011 decision dates.

INFLATION, GROWTH AND THE LOONIE

Unlike some other major economies, Canada has been relatively immune to inflationary pressures from rising food and energy costs. Core inflation hit its lowest level since 1985 in February, while the overall annual inflation rate was a tame 2.2 percent.

That has allowed the bank to keep its key rate on hold since last September, following three consecutive increases which made it the first central bank in the G7 to tighten policy following the global financial crisis.

Growth began to heat up in the fourth quarter and early 2011, forcing the bank to raise its economic growth forecast for this year to 2.9 percent from 2.4 percent. However, it cut the outlook for next year to 2.6 percent from 2.8 percent and sees 2013 growth in line with potential growth at 2.1 percent.

Fear of driving the Canadian dollar, known as the loonie, to new heights may be motivating the central bank to be more guarded than usual about its rate intentions, some analysts said. If markets think an increase is coming, it could trigger a rally in the currency beyond Monday’s 3-1/2 year high.

“I think their worry is that they run the risk of extrapolative expectation, so that they move once and markets say, ‘well that’s just once in a series of tightening’ and they get there too fast, rates move higher and the currency overshoots,” said Craig Wright, chief economist at RBC.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
Facebook: http://www.facebook.com/Clearlease
Facebook: http://www.facebook.com/pages/Dominion-Lending-Centres-Clearlease/158245787557542
###

The Toronto stock market tumbled almost 200 pointsHusky Energy Inc. (TSX:HSE), Teck Resources (TSX:TCK.B), Mercator Minerals Ltd. (TSX:ML), Quadra FNX Mining (TSX:QUX), Barrick Gold Corp. (TSX:ABX), TD Bank (TSX:TD), Gildan Activewear Inc. (TSX:GIL)

The Toronto stock market tumbled almost 200 pointsHusky Energy Inc. (TSX:HSE), Teck Resources (TSX:TCK.B), Mercator Minerals Ltd. (TSX:ML), Quadra FNX Mining (TSX:QUX), Barrick Gold Corp. (TSX:ABX), TD Bank (TSX:TD), Gildan Activewear Inc. (TSX:GIL)

The Toronto stock market tumbled almost 200 pointsHusky Energy Inc. (TSX:HSE), Teck Resources (TSX:TCK.B), Mercator Minerals Ltd. (TSX:ML), Quadra FNX Mining (TSX:QUX), Barrick Gold Corp. (TSX:ABX), TD Bank (TSX:TD), Gildan Activewear Inc. (TSX:GIL)

VANCOUVER – (April 12, 2011) Clearlease.com Reports TORONTO – The Toronto stock market tumbled almost 200 points Tuesday as oil prices dropped amid a feeling that a recent boom in commodities has run its course and investors reacted to disappointing first-quarter revenue at Alcoa Inc.

The S&P /TSX composite index dropped 195.46 points or 1.4 per cent to 13,801.4 while the TSX Venture Exchange lost 42.73 points to 2,303.77.

Falling commodities helped push the Canadian dollar down 0.72 of a cent to 103.83 cents US after the Bank of Canada said it would leave its key interest rate unchanged at one per cent. Analysts said it looked likely the bank wouldn’t move on rates until at least mid-2011.

Also weighing on markets was a report from a strategist at Goldman Sachs that he no longer was recommending Canadian stocks.

Noah Weisberger noted that “Canadian equities made new highs last week, even as growth jitters and higher energy prices were constraining equity markets elsewhere.”

“But now risks to the forward view of economic growth are more balanced as are the risks to oil prices.”

TSX losses were led by big declines in the resource sector amid worries that economic conditions aren’t looking as rosy as just a few weeks ago.

“(There are) concerns that with monetary tightening in China, India and Europe, that growth rates in some of those countries will be lower than had been anticipated and, in turn, those lower growth rates translate into less demand for commodities, which means lower prices,” observed Bob Gorman, chief portfolio strategist at TD Waterhouse.

He said Japan was also a big concern as the damage from the March 11 earthquake and tsunami mean ” Japan will very, very likely see contraction this quarter, maybe the next one as well, before you start to see growth associated with reconstruction and so on.”

But higher oil prices have also raised concerns about higher inflation and slowing economic growth.

Higher oil prices translate “to a higher prices at the gas pump, representing a tax on consumers and that money could be spent on other things,” said Gorman.

Oil prices were lower for a second day as the International Energy Agency warned that rising prices, up about 26 per cent from mid-February amid a civil war in Libya and spreading unrest in other Mideast countries, may soon take a toll on demand.

The May crude contract on the New York Mercantile Exchange was down $3.67 to US$106.25 a barrel on top of a slide of almost US$3 on Monday. The decline in prices picked up after Goldman Sachs warned investors that crude oil prices are due for a “substantial pullback.”

Shaky hopes of an Africa-brokered ceasefire in Libya also helped reverse the run up in crude.

The energy sector fell almost three per cent with Suncor Energy (TSX:SU) down $1.46 at C$42.05 while Canadian Natural Resources (TSX:CNQ) dropped $1.22 to C$44.34 .

The base metals sector fell 2.87 per cent while the May copper contract on the Nymex dipped eight cents to US$4.38 a pound. Teck Resources (TSX:TCK.B) lost $1.96 to C$51.87 while Quadra FNX Mining (TSX:QUX) moved down 53 cents to C$13.91.

Mercator Minerals Ltd. (TSX:ML) is set to acquire Creston Moly Corp. (TSXV:CMS) in friendly deal that values Creston at about $195 million. The companies say the deal will create a “significant” copper and molybdenum miner. Mercator shares fell 33 cents to $3.36 while Creston shares jumped 11 cents to 57 cents on very heavy volume of 40 million shares.

Gold stocks were lower as the June bullion contract in New York was down $14.50 at US$1,453.60 an ounce. Barrick Gold Corp. (TSX:ABX) stepped back 31 cents to $50.35 while Kinross Gold Corp. (TSX:K) gave up 28 cents to $15.09.

The decline spread across all sectors save telecoms with the financial sector down just shy of one per cent. TD Bank (TSX:TD) eased $1.68 to $82.67 and Scotiabank (TSX:BNS) lost 50 cents to $57.50.

The negative showing on the TSX followed a 212-point slide Monday.

Meanwhile, Alcoa handed in first-quarter net income of US$308 million, or 27 cents a share, which beat analyst expectations. Sales increased to US$5.96 billion from US$4.89 billion a year ago but that fell short of expectations. Its shares were down six per cent at US$16.70.

The Alcoa report helped send New York markets sharply lower with the Dow Jones industrial average down 117.53 points to 12,263.58. The Nasdaq composite index fell 26.72 points to 2,744.79 while the S&P 500 index was 10.3 points lower at 1,314.16.

There was also an added element of nervousness after Japan ‘s nuclear safety agency on Tuesday upgraded the severity of the crisis at a stricken nuclear plant.

The Japanese agency raised the severity of the Fukushima Dai-ichi nuclear plant incident to level 7, the highest on the scale and the same rating as the Chornobyl incident in 1986. The plant was heavily damaged by the quake and tsunami which struck Japan ‘s northeastern coast on March 11.

Clothing manufacturer Gildan Activewear Inc. (TSX:GIL) was one of the few big gainers on the TSX Tuesday. Its stock jumped $2.14 to $32.80 after it said it was buying U.S. sock maker Gold Toe Moretz Holdings Corp. for US$350 million. Gildan said Monday that the deal would more than double the company’s current revenues from the sale of socks and also expand and diversify its customer base and distribution in the United States.

Husky Energy Inc. (TSX:HSE) said its Lloydminster heavy oil upgrader had returned to near regular operation after a fire on Feb. 2 led to production cuts of at least 50 per cent. What the company described as a “minor fire” damaged a hydrocracker fractionation unit, which supplies product to the coker. Husky shares lost $1.15 to $27.80.

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

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###The Toronto stock market tumbled almost 200 pointsHusky Energy Inc. (TSX:HSE), Teck Resources (TSX:TCK.B), Mercator Minerals Ltd. (TSX:ML), Quadra FNX Mining (TSX:QUX), Barrick Gold Corp. (TSX:ABX), TD Bank (TSX:TD), Gildan Activewear Inc. (TSX:GIL)

VANCOUVER – (April 12, 2011) Clearlease.com Reports TORONTO – The Toronto stock market tumbled almost 200 points Tuesday as oil prices dropped amid a feeling that a recent boom in commodities has run its course and investors reacted to disappointing first-quarter revenue at Alcoa Inc.

The S&P /TSX composite index dropped 195.46 points or 1.4 per cent to 13,801.4 while the TSX Venture Exchange lost 42.73 points to 2,303.77.

Falling commodities helped push the Canadian dollar down 0.72 of a cent to 103.83 cents US after the Bank of Canada said it would leave its key interest rate unchanged at one per cent. Analysts said it looked likely the bank wouldn’t move on rates until at least mid-2011.

Also weighing on markets was a report from a strategist at Goldman Sachs that he no longer was recommending Canadian stocks.

Noah Weisberger noted that “Canadian equities made new highs last week, even as growth jitters and higher energy prices were constraining equity markets elsewhere.”

“But now risks to the forward view of economic growth are more balanced as are the risks to oil prices.”

TSX losses were led by big declines in the resource sector amid worries that economic conditions aren’t looking as rosy as just a few weeks ago.

“(There are) concerns that with monetary tightening in China, India and Europe, that growth rates in some of those countries will be lower than had been anticipated and, in turn, those lower growth rates translate into less demand for commodities, which means lower prices,” observed Bob Gorman, chief portfolio strategist at TD Waterhouse.

He said Japan was also a big concern as the damage from the March 11 earthquake and tsunami mean ” Japan will very, very likely see contraction this quarter, maybe the next one as well, before you start to see growth associated with reconstruction and so on.”

But higher oil prices have also raised concerns about higher inflation and slowing economic growth.

Higher oil prices translate “to a higher prices at the gas pump, representing a tax on consumers and that money could be spent on other things,” said Gorman.

Oil prices were lower for a second day as the International Energy Agency warned that rising prices, up about 26 per cent from mid-February amid a civil war in Libya and spreading unrest in other Mideast countries, may soon take a toll on demand.

The May crude contract on the New York Mercantile Exchange was down $3.67 to US$106.25 a barrel on top of a slide of almost US$3 on Monday. The decline in prices picked up after Goldman Sachs warned investors that crude oil prices are due for a “substantial pullback.”

Shaky hopes of an Africa-brokered ceasefire in Libya also helped reverse the run up in crude.

The energy sector fell almost three per cent with Suncor Energy (TSX:SU) down $1.46 at C$42.05 while Canadian Natural Resources (TSX:CNQ) dropped $1.22 to C$44.34 .

The base metals sector fell 2.87 per cent while the May copper contract on the Nymex dipped eight cents to US$4.38 a pound. Teck Resources (TSX:TCK.B) lost $1.96 to C$51.87 while Quadra FNX Mining (TSX:QUX) moved down 53 cents to C$13.91.

Mercator Minerals Ltd. (TSX:ML) is set to acquire Creston Moly Corp. (TSXV:CMS) in friendly deal that values Creston at about $195 million. The companies say the deal will create a “significant” copper and molybdenum miner. Mercator shares fell 33 cents to $3.36 while Creston shares jumped 11 cents to 57 cents on very heavy volume of 40 million shares.

Gold stocks were lower as the June bullion contract in New York was down $14.50 at US$1,453.60 an ounce. Barrick Gold Corp. (TSX:ABX) stepped back 31 cents to $50.35 while Kinross Gold Corp. (TSX:K) gave up 28 cents to $15.09.

The decline spread across all sectors save telecoms with the financial sector down just shy of one per cent. TD Bank (TSX:TD) eased $1.68 to $82.67 and Scotiabank (TSX:BNS) lost 50 cents to $57.50.

The negative showing on the TSX followed a 212-point slide Monday.

Meanwhile, Alcoa handed in first-quarter net income of US$308 million, or 27 cents a share, which beat analyst expectations. Sales increased to US$5.96 billion from US$4.89 billion a year ago but that fell short of expectations. Its shares were down six per cent at US$16.70.

The Alcoa report helped send New York markets sharply lower with the Dow Jones industrial average down 117.53 points to 12,263.58. The Nasdaq composite index fell 26.72 points to 2,744.79 while the S&P 500 index was 10.3 points lower at 1,314.16.

There was also an added element of nervousness after Japan ‘s nuclear safety agency on Tuesday upgraded the severity of the crisis at a stricken nuclear plant.

The Japanese agency raised the severity of the Fukushima Dai-ichi nuclear plant incident to level 7, the highest on the scale and the same rating as the Chornobyl incident in 1986. The plant was heavily damaged by the quake and tsunami which struck Japan ‘s northeastern coast on March 11.

Clothing manufacturer Gildan Activewear Inc. (TSX:GIL) was one of the few big gainers on the TSX Tuesday. Its stock jumped $2.14 to $32.80 after it said it was buying U.S. sock maker Gold Toe Moretz Holdings Corp. for US$350 million. Gildan said Monday that the deal would more than double the company’s current revenues from the sale of socks and also expand and diversify its customer base and distribution in the United States.

Husky Energy Inc. (TSX:HSE) said its Lloydminster heavy oil upgrader had returned to near regular operation after a fire on Feb. 2 led to production cuts of at least 50 per cent. What the company described as a “minor fire” damaged a hydrocracker fractionation unit, which supplies product to the coker. Husky shares lost $1.15 to $27.80.

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

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###The Toronto stock market tumbled almost 200 pointsHusky Energy Inc. (TSX:HSE), Teck Resources (TSX:TCK.B), Mercator Minerals Ltd. (TSX:ML), Quadra FNX Mining (TSX:QUX), Barrick Gold Corp. (TSX:ABX), TD Bank (TSX:TD), Gildan Activewear Inc. (TSX:GIL)

VANCOUVER – (April 12, 2011) Clearlease.com Reports TORONTO – The Toronto stock market tumbled almost 200 points Tuesday as oil prices dropped amid a feeling that a recent boom in commodities has run its course and investors reacted to disappointing first-quarter revenue at Alcoa Inc.

The S&P /TSX composite index dropped 195.46 points or 1.4 per cent to 13,801.4 while the TSX Venture Exchange lost 42.73 points to 2,303.77.

Falling commodities helped push the Canadian dollar down 0.72 of a cent to 103.83 cents US after the Bank of Canada said it would leave its key interest rate unchanged at one per cent. Analysts said it looked likely the bank wouldn’t move on rates until at least mid-2011.

Also weighing on markets was a report from a strategist at Goldman Sachs that he no longer was recommending Canadian stocks.

Noah Weisberger noted that “Canadian equities made new highs last week, even as growth jitters and higher energy prices were constraining equity markets elsewhere.”

“But now risks to the forward view of economic growth are more balanced as are the risks to oil prices.”

TSX losses were led by big declines in the resource sector amid worries that economic conditions aren’t looking as rosy as just a few weeks ago.

“(There are) concerns that with monetary tightening in China, India and Europe, that growth rates in some of those countries will be lower than had been anticipated and, in turn, those lower growth rates translate into less demand for commodities, which means lower prices,” observed Bob Gorman, chief portfolio strategist at TD Waterhouse.

He said Japan was also a big concern as the damage from the March 11 earthquake and tsunami mean ” Japan will very, very likely see contraction this quarter, maybe the next one as well, before you start to see growth associated with reconstruction and so on.”

But higher oil prices have also raised concerns about higher inflation and slowing economic growth.

Higher oil prices translate “to a higher prices at the gas pump, representing a tax on consumers and that money could be spent on other things,” said Gorman.

Oil prices were lower for a second day as the International Energy Agency warned that rising prices, up about 26 per cent from mid-February amid a civil war in Libya and spreading unrest in other Mideast countries, may soon take a toll on demand.

The May crude contract on the New York Mercantile Exchange was down $3.67 to US$106.25 a barrel on top of a slide of almost US$3 on Monday. The decline in prices picked up after Goldman Sachs warned investors that crude oil prices are due for a “substantial pullback.”

Shaky hopes of an Africa-brokered ceasefire in Libya also helped reverse the run up in crude.

The energy sector fell almost three per cent with Suncor Energy (TSX:SU) down $1.46 at C$42.05 while Canadian Natural Resources (TSX:CNQ) dropped $1.22 to C$44.34 .

The base metals sector fell 2.87 per cent while the May copper contract on the Nymex dipped eight cents to US$4.38 a pound. Teck Resources (TSX:TCK.B) lost $1.96 to C$51.87 while Quadra FNX Mining (TSX:QUX) moved down 53 cents to C$13.91.

Mercator Minerals Ltd. (TSX:ML) is set to acquire Creston Moly Corp. (TSXV:CMS) in friendly deal that values Creston at about $195 million. The companies say the deal will create a “significant” copper and molybdenum miner. Mercator shares fell 33 cents to $3.36 while Creston shares jumped 11 cents to 57 cents on very heavy volume of 40 million shares.

Gold stocks were lower as the June bullion contract in New York was down $14.50 at US$1,453.60 an ounce. Barrick Gold Corp. (TSX:ABX) stepped back 31 cents to $50.35 while Kinross Gold Corp. (TSX:K) gave up 28 cents to $15.09.

The decline spread across all sectors save telecoms with the financial sector down just shy of one per cent. TD Bank (TSX:TD) eased $1.68 to $82.67 and Scotiabank (TSX:BNS) lost 50 cents to $57.50.

The negative showing on the TSX followed a 212-point slide Monday.

Meanwhile, Alcoa handed in first-quarter net income of US$308 million, or 27 cents a share, which beat analyst expectations. Sales increased to US$5.96 billion from US$4.89 billion a year ago but that fell short of expectations. Its shares were down six per cent at US$16.70.

The Alcoa report helped send New York markets sharply lower with the Dow Jones industrial average down 117.53 points to 12,263.58. The Nasdaq composite index fell 26.72 points to 2,744.79 while the S&P 500 index was 10.3 points lower at 1,314.16.

There was also an added element of nervousness after Japan ‘s nuclear safety agency on Tuesday upgraded the severity of the crisis at a stricken nuclear plant.

The Japanese agency raised the severity of the Fukushima Dai-ichi nuclear plant incident to level 7, the highest on the scale and the same rating as the Chornobyl incident in 1986. The plant was heavily damaged by the quake and tsunami which struck Japan ‘s northeastern coast on March 11.

Clothing manufacturer Gildan Activewear Inc. (TSX:GIL) was one of the few big gainers on the TSX Tuesday. Its stock jumped $2.14 to $32.80 after it said it was buying U.S. sock maker Gold Toe Moretz Holdings Corp. for US$350 million. Gildan said Monday that the deal would more than double the company’s current revenues from the sale of socks and also expand and diversify its customer base and distribution in the United States.

Husky Energy Inc. (TSX:HSE) said its Lloydminster heavy oil upgrader had returned to near regular operation after a fire on Feb. 2 led to production cuts of at least 50 per cent. What the company described as a “minor fire” damaged a hydrocracker fractionation unit, which supplies product to the coker. Husky shares lost $1.15 to $27.80.

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

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Hiring 100 Equipment Financing and Commercial Real-Estate Industry brokers.

Dominion Lending Centres Clearlease Hiring 100 Equipment Financing and Commercial Real-Estate Industry brokers.

Dominion Lending Centres Clearlease Hiring 100 Equipment Financing and Commercial Real-Estate Industry brokers.

VANCOUVER – (April 12, 2011) Dominion Lending Centres Clearlease is looking for seasoned Brokers and Sales Representatives in the Equipment Financing and Commercial Real-Estate Industry; the appropriate candidate is looking for a reliable funding source for their clients to get deals done quickly and efficiently, as we pay up to 50% in commissions on gross margin of each transaction.

Dominion Lending Centres Clearlease specializes in Equipment and Commercial Financing with several diverse funding options for various Industries, Organizations and Assets across the globe.

We work with companies and equipment of all different sizes, from short economic useful life equipment such, as Computer Systems, Software and Software Integration to Medical Equipment, Transportation Equipment, LNG and CNG Equipment, Aircraft and much, much more.

If you are interested in submitting transaction to Dominion Lending Centres Clearlease and working with a reputable company,

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

DLC CLearlease
Alexander Pidgeon
Director Business Development
Tel: 604-696-1221 x199
Fax 604-677-5827
Toll Free: 1-888-806-8070
eMail: [email protected]

Home

We pride ourselves in developing long lasting, mutual beneficial relationships with our brokers and independent sales representatives and look forward to speaking with you.Dominion Lending Centres Clearlease Hiring 100 Equipment Financing and Commercial Real-Estate Industry brokers.

VANCOUVER – (April 12, 2011) Dominion Lending Centres Clearlease is looking for seasoned Brokers and Sales Representatives in the Equipment Financing and Commercial Real-Estate Industry; the appropriate candidate is looking for a reliable funding source for their clients to get deals done quickly and efficiently, as we pay up to 50% in commissions on gross margin of each transaction.

Dominion Lending Centres Clearlease specializes in Equipment and Commercial Financing with several diverse funding options for various Industries, Organizations and Assets across the globe.

We work with companies and equipment of all different sizes, from short economic useful life equipment such, as Computer Systems, Software and Software Integration to Medical Equipment, Transportation Equipment, LNG and CNG Equipment, Aircraft and much, much more.

If you are interested in submitting transaction to Dominion Lending Centres Clearlease and working with a reputable company,

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

DLC CLearlease
Alexander Pidgeon
Director Business Development
Tel: 604-696-1221 x199
Fax 604-677-5827
Toll Free: 1-888-806-8070
eMail: [email protected]

Home

We pride ourselves in developing long lasting, mutual beneficial relationships with our brokers and independent sales representatives and look forward to speaking with you.Dominion Lending Centres Clearlease Hiring 100 Equipment Financing and Commercial Real-Estate Industry brokers.

VANCOUVER – (April 12, 2011) Dominion Lending Centres Clearlease is looking for seasoned Brokers and Sales Representatives in the Equipment Financing and Commercial Real-Estate Industry; the appropriate candidate is looking for a reliable funding source for their clients to get deals done quickly and efficiently, as we pay up to 50% in commissions on gross margin of each transaction.

Dominion Lending Centres Clearlease specializes in Equipment and Commercial Financing with several diverse funding options for various Industries, Organizations and Assets across the globe.

We work with companies and equipment of all different sizes, from short economic useful life equipment such, as Computer Systems, Software and Software Integration to Medical Equipment, Transportation Equipment, LNG and CNG Equipment, Aircraft and much, much more.

If you are interested in submitting transaction to Dominion Lending Centres Clearlease and working with a reputable company,

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

DLC CLearlease
Alexander Pidgeon
Director Business Development
Tel: 604-696-1221 x199
Fax 604-677-5827
Toll Free: 1-888-806-8070
eMail: [email protected]

Home

We pride ourselves in developing long lasting, mutual beneficial relationships with our brokers and independent sales representatives and look forward to speaking with you.

Dominion Lending Centres Clearlease Reports Vancouver home prices Soar UP 10 per cent, triple national average

Vancouver home prices Soar UP 10 per cent, triple national average – Dominion Lending Centres Clearlease Reports

Dominion Lending Centres Clearlease Reports Vancouver home prices Soar UP 10 per cent, triple national average

VANCOUVER – (April 12, 2011) Clearlease.com Reports Home prices in Vancouver rose about 10 per cent in the last year, with two-storey houses approaching $1.1 million — about three times the national average, says a new report by real-estate brokerage Royal LePage.

Despite the soaring values in Canada’s most expensive market, prices nationally are expected to stabilize or only creep higher this year amid “tepid” improvements in employment, LePage said in a report Tuesday.

Phil Soper, president and chief executive of Royal LePage Real Estate Services, said that in most markets lower, single-digit percentage increases are more likely for the balance of the year.

The more modest increases in most markets predicted for 2011 comes after bigger price jumps in recent years fuelled by low mortgage rates and solid consumer confidence.

“We expect house prices will continue to creep up, but most of the excess demand created by the initial drop in interest rates has been satisfied and affordability continues to erode slowly,” Soper said.

“While low interest rates continue to drive demand, the tepid pace at which employment levels are improving is tempering the rate of home price appreciation in many Canadian cities.”

Canada created about 300,000 jobs in the last year as the economy recovered from recession, but the jobless rate has remained high — at 7.7 per cent — and growth could be squeezed by rising interest rates and weakness in the United States.

In Vancouver though, a limited supply of homes for sale, low interest rates and demand from buyers from China continued to drive up prices with the cost of a two-storey house up 9.7 per cent from a year ago at an average cost of nearly $1.1 million in the first quarter.

That compared with a Canadian national average price or $379,388 for a standard two-storey home, up 3.5 per cent.

The national price for detached bungalows rose 4.3 per cent year-over-year to $341,355, while standard condominiums rose four per cent to $237,919.

The cost of a detached bungalow in Vancouver jumped 8.2 per cent to an average of $980,000, while the average condo increased 7.8 per cent $507,250.

CIBC deputy chief economist Benjamin Tal said the influx of money from China into the Vancouver real estate market — especially the affluent west side — makes it unlike any other in Canada.

“The China story is more sustainable than any other story that I know, so it is possible that this trend will continue. The fact that it is foreign money isn’t a negative,” Tal said.

More generally, Tal expects a strong spring as homebuyers take advantage of low interest rates before they head higher later this year, but what happens after that is uncertain.

“Every increase in house prices at this point, adds to the probability of some sort of adjustment in the market,” Tal said.

RBC senior economist Robert Hogue said the two unknowns for the real estate market are interest rates and the effects of new mortgage rules.

“Buyers out there are being told by economists and others that interest rates are going to rise, but so far it hasn’t been quite as much as we thought it would be,” Hogue said.

Changes also came into effect in March that reduced the maximum amortization period to 30 years from 35 for insured mortgages and limited how much money Canadians can borrow using their homes.

It was the third time mortgage rules have been tightened in the past three years.

The Royal LePage report found a two-storey house in Toronto increased by 2.5 per cent to $589,929 and a similar house in Halifax increased 7.1 per cent to $298,000.

That compared with a drop of 2.1 per cent in Calgary for a similar house to $423,122.

Canada’s big banks raised their posted rates for fixed rate mortgages last week. The posted rate at most Canadian banks for five-year closed mortgages — one of the most popular types of loans for Canadian home owners — is 5.69 per cent.

The Bank of Canada left its overnight rate unchanged Tuesday at one per cent, but the central bank is expected to raise the rate — which influences variable rate mortgages — later this year.

Meanwhile, Statistics Canada said its new housing price index rose 0.4 per cent in February, following a 0.2 per cent increase in January.

The highest month-to-month increase, 1.8 per cent, was recorded in Regina, while Toronto, Oshawa, Ont., and Edmonton were also top contributors to the jump.

On a year-over-year basis, the index was 2.1 per cent higher in February.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Vancouver home prices Soar UP 10 per cent, triple national average

VANCOUVER – (April 12, 2011) Clearlease.com Reports Home prices in Vancouver rose about 10 per cent in the last year, with two-storey houses approaching $1.1 million — about three times the national average, says a new report by real-estate brokerage Royal LePage.

Despite the soaring values in Canada’s most expensive market, prices nationally are expected to stabilize or only creep higher this year amid “tepid” improvements in employment, LePage said in a report Tuesday.

Phil Soper, president and chief executive of Royal LePage Real Estate Services, said that in most markets lower, single-digit percentage increases are more likely for the balance of the year.

The more modest increases in most markets predicted for 2011 comes after bigger price jumps in recent years fuelled by low mortgage rates and solid consumer confidence.

“We expect house prices will continue to creep up, but most of the excess demand created by the initial drop in interest rates has been satisfied and affordability continues to erode slowly,” Soper said.

“While low interest rates continue to drive demand, the tepid pace at which employment levels are improving is tempering the rate of home price appreciation in many Canadian cities.”

Canada created about 300,000 jobs in the last year as the economy recovered from recession, but the jobless rate has remained high — at 7.7 per cent — and growth could be squeezed by rising interest rates and weakness in the United States.

In Vancouver though, a limited supply of homes for sale, low interest rates and demand from buyers from China continued to drive up prices with the cost of a two-storey house up 9.7 per cent from a year ago at an average cost of nearly $1.1 million in the first quarter.

That compared with a Canadian national average price or $379,388 for a standard two-storey home, up 3.5 per cent.

The national price for detached bungalows rose 4.3 per cent year-over-year to $341,355, while standard condominiums rose four per cent to $237,919.

The cost of a detached bungalow in Vancouver jumped 8.2 per cent to an average of $980,000, while the average condo increased 7.8 per cent $507,250.

CIBC deputy chief economist Benjamin Tal said the influx of money from China into the Vancouver real estate market — especially the affluent west side — makes it unlike any other in Canada.

“The China story is more sustainable than any other story that I know, so it is possible that this trend will continue. The fact that it is foreign money isn’t a negative,” Tal said.

More generally, Tal expects a strong spring as homebuyers take advantage of low interest rates before they head higher later this year, but what happens after that is uncertain.

“Every increase in house prices at this point, adds to the probability of some sort of adjustment in the market,” Tal said.

RBC senior economist Robert Hogue said the two unknowns for the real estate market are interest rates and the effects of new mortgage rules.

“Buyers out there are being told by economists and others that interest rates are going to rise, but so far it hasn’t been quite as much as we thought it would be,” Hogue said.

Changes also came into effect in March that reduced the maximum amortization period to 30 years from 35 for insured mortgages and limited how much money Canadians can borrow using their homes.

It was the third time mortgage rules have been tightened in the past three years.

The Royal LePage report found a two-storey house in Toronto increased by 2.5 per cent to $589,929 and a similar house in Halifax increased 7.1 per cent to $298,000.

That compared with a drop of 2.1 per cent in Calgary for a similar house to $423,122.

Canada’s big banks raised their posted rates for fixed rate mortgages last week. The posted rate at most Canadian banks for five-year closed mortgages — one of the most popular types of loans for Canadian home owners — is 5.69 per cent.

The Bank of Canada left its overnight rate unchanged Tuesday at one per cent, but the central bank is expected to raise the rate — which influences variable rate mortgages — later this year.

Meanwhile, Statistics Canada said its new housing price index rose 0.4 per cent in February, following a 0.2 per cent increase in January.

The highest month-to-month increase, 1.8 per cent, was recorded in Regina, while Toronto, Oshawa, Ont., and Edmonton were also top contributors to the jump.

On a year-over-year basis, the index was 2.1 per cent higher in February.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Vancouver home prices Soar UP 10 per cent, triple national average

VANCOUVER – (April 12, 2011) Clearlease.com Reports Home prices in Vancouver rose about 10 per cent in the last year, with two-storey houses approaching $1.1 million — about three times the national average, says a new report by real-estate brokerage Royal LePage.

Despite the soaring values in Canada’s most expensive market, prices nationally are expected to stabilize or only creep higher this year amid “tepid” improvements in employment, LePage said in a report Tuesday.

Phil Soper, president and chief executive of Royal LePage Real Estate Services, said that in most markets lower, single-digit percentage increases are more likely for the balance of the year.

The more modest increases in most markets predicted for 2011 comes after bigger price jumps in recent years fuelled by low mortgage rates and solid consumer confidence.

“We expect house prices will continue to creep up, but most of the excess demand created by the initial drop in interest rates has been satisfied and affordability continues to erode slowly,” Soper said.

“While low interest rates continue to drive demand, the tepid pace at which employment levels are improving is tempering the rate of home price appreciation in many Canadian cities.”

Canada created about 300,000 jobs in the last year as the economy recovered from recession, but the jobless rate has remained high — at 7.7 per cent — and growth could be squeezed by rising interest rates and weakness in the United States.

In Vancouver though, a limited supply of homes for sale, low interest rates and demand from buyers from China continued to drive up prices with the cost of a two-storey house up 9.7 per cent from a year ago at an average cost of nearly $1.1 million in the first quarter.

That compared with a Canadian national average price or $379,388 for a standard two-storey home, up 3.5 per cent.

The national price for detached bungalows rose 4.3 per cent year-over-year to $341,355, while standard condominiums rose four per cent to $237,919.

The cost of a detached bungalow in Vancouver jumped 8.2 per cent to an average of $980,000, while the average condo increased 7.8 per cent $507,250.

CIBC deputy chief economist Benjamin Tal said the influx of money from China into the Vancouver real estate market — especially the affluent west side — makes it unlike any other in Canada.

“The China story is more sustainable than any other story that I know, so it is possible that this trend will continue. The fact that it is foreign money isn’t a negative,” Tal said.

More generally, Tal expects a strong spring as homebuyers take advantage of low interest rates before they head higher later this year, but what happens after that is uncertain.

“Every increase in house prices at this point, adds to the probability of some sort of adjustment in the market,” Tal said.

RBC senior economist Robert Hogue said the two unknowns for the real estate market are interest rates and the effects of new mortgage rules.

“Buyers out there are being told by economists and others that interest rates are going to rise, but so far it hasn’t been quite as much as we thought it would be,” Hogue said.

Changes also came into effect in March that reduced the maximum amortization period to 30 years from 35 for insured mortgages and limited how much money Canadians can borrow using their homes.

It was the third time mortgage rules have been tightened in the past three years.

The Royal LePage report found a two-storey house in Toronto increased by 2.5 per cent to $589,929 and a similar house in Halifax increased 7.1 per cent to $298,000.

That compared with a drop of 2.1 per cent in Calgary for a similar house to $423,122.

Canada’s big banks raised their posted rates for fixed rate mortgages last week. The posted rate at most Canadian banks for five-year closed mortgages — one of the most popular types of loans for Canadian home owners — is 5.69 per cent.

The Bank of Canada left its overnight rate unchanged Tuesday at one per cent, but the central bank is expected to raise the rate — which influences variable rate mortgages — later this year.

Meanwhile, Statistics Canada said its new housing price index rose 0.4 per cent in February, following a 0.2 per cent increase in January.

The highest month-to-month increase, 1.8 per cent, was recorded in Regina, while Toronto, Oshawa, Ont., and Edmonton were also top contributors to the jump.

On a year-over-year basis, the index was 2.1 per cent higher in February.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company's annual shareholder meeting on Thursday

Dominion Lending Centres Clearlease Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company’s annual shareholder meeting on Thursday

Dominion Lending Centres Clearlease Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company’s annual shareholder meeting on Thursday

LONDON – (April 12, 2011) Clearlease.com Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company’s annual shareholder meeting on Thursday which is just shy of the anniversary of the Gulf of Mexico well blowout that kicked off the biggest oil spill in U.S. history.

Hundreds of shareholders are expected to descend on the vast ExCel centre in London to publicly air their grievances about a year in which BP PLC lost a quarter of its market value, or some 34 billion pounds ($55 billion).

Compounding the headache for Dudley is the fact that the gathering coincides with the deadline for BP to wrap up an $8 billion share swap with Russia’s OAO Rosneft in the face of seemingly insurmountable legal challenges from its partners in Russian joint venture TNK-BP.

Institutional investors will be pressing to find out how the Rosneft deal has gone wrong, while others are planning to lodge protest votes against the bonuses paid out to some key executives as they demand more transparency on the company’s plans to both improve safety and get back on track.

It’s all a far cry from last year’s event, when the company was powering ahead and there were only minor protests against executive pay packets and opposition from environmental groups to BP’s investment in the Canadian tar sands.

The Macondo well blowout in the Gulf just five days later on April 20 changed all that. The explosion killed 11 workers and began the spill that has so far cost BP some $40 billion — and former CEO Tony Hayward his job.

Dudley, the first American to lead the British oil company since taking over in October, will instead be facing the music.

Top of the agenda is expected to be the shambolic Rosneft deal.

BP announced the share swap with state-backed Rosneft to explore for oil and gas off the Russian Arctic continental shelf with much fanfare in January.

The deal was to cement BP’s move forward from the Gulf spill, taking attention away from its faltering U.S. business to opportunities elsewhere in the world.

But it quickly ran aground in the face of opposition from BP’s existing Russian partners in its TNK-BP joint venture. That quartet of Russian billionaires last week won a legal block to the deal, leaving it hanging by a thread ahead of the Thursday deadline set by Rosneft.

BP has sought an extension to that deadline as it seeks an 11th hour compromise.

However, a peace offering was looking increasingly unlikely on Tuesday as a source close to TNK-BP’s management said the company would seek up to $10 billion in damages from BP. The source, who asked not to be named because of the sensitivity of the issue, said the funds would be compensation for BP’s violation of the shareholder agreement and failing to inform TNK-BP of an opportunity to explore the Russian sector of the Arctic.

Disgruntled institutional investors have so far dealt with the issue largely behind closed doors, but may use Thursday’s meeting to make a more public statement.

Euan Stirling, investment director at Standard Life, told the BBC that the Rosneft deal was “another fine mess for BP.”

Other investors are planning to vote against the re-election of the chairman and key executives and the acceptance of the annual report.

Both Pirc, the investor advice service, and the Association of British Insurers have issued warnings about excessive pay packages.

While Dudley has waived his bonus this year, two other executives — Iain Conn, the company’s head of refining and Chief Financial Officer Byron Grote — are receiving 310,500 pounds ($505,000) and $621,000 respectively for their performances not related to the oil spill.

Hayward has also grabbed headlines with an 11 million pound ($17.9 million) pension pot, 1 million pound ($1.6 million) payoff and some 8 million pounds ($13 million) in share options after a series of public gaffes.

ABI spokesman Erfan Hussein said the group wanted to “highlight to shareholders that there are a number of aspects of BP’s remuneration report which they will need to consider and make a careful judgement on ahead of the vote.”

A coalition of institutional investors led by the U.S. Christian Brothers Investment Services, representing $12 billion in assets and 1 million shares in BP, is also unhappy with executive pay — and the company’s lack of transparency over safety issues.

The group will vote against the annual report, which it says does not provide sufficient detail on how the company has strengthened safety and risk management.

“While we have been encouraged by BP’s recent willingness to meet with a broad range of shareholders, we do not think the annual report demonstrates what BP is doing to address the issues that have dominated headlines in regards to the oil spill,” said Julie Tanner, Assistant Director of Socially Responsible Investing at CBIS. “It does little to provide investors with critical information or confidence that risk has been mitigated and that board oversight has been strengthened.”

The U.K. Church Investors Group, which holds 200 million pounds of BP shares, is voting against the re-election of the chair of the board’s safety committee and the company’s remuneration report.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company's annual shareholder meeting on Thursday

LONDON – (April 12, 2011) Clearlease.com Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company’s annual shareholder meeting on Thursday which is just shy of the anniversary of the Gulf of Mexico well blowout that kicked off the biggest oil spill in U.S. history.

Hundreds of shareholders are expected to descend on the vast ExCel centre in London to publicly air their grievances about a year in which BP PLC lost a quarter of its market value, or some 34 billion pounds ($55 billion).

Compounding the headache for Dudley is the fact that the gathering coincides with the deadline for BP to wrap up an $8 billion share swap with Russia’s OAO Rosneft in the face of seemingly insurmountable legal challenges from its partners in Russian joint venture TNK-BP.

Institutional investors will be pressing to find out how the Rosneft deal has gone wrong, while others are planning to lodge protest votes against the bonuses paid out to some key executives as they demand more transparency on the company’s plans to both improve safety and get back on track.

It’s all a far cry from last year’s event, when the company was powering ahead and there were only minor protests against executive pay packets and opposition from environmental groups to BP’s investment in the Canadian tar sands.

The Macondo well blowout in the Gulf just five days later on April 20 changed all that. The explosion killed 11 workers and began the spill that has so far cost BP some $40 billion — and former CEO Tony Hayward his job.

Dudley, the first American to lead the British oil company since taking over in October, will instead be facing the music.

Top of the agenda is expected to be the shambolic Rosneft deal.

BP announced the share swap with state-backed Rosneft to explore for oil and gas off the Russian Arctic continental shelf with much fanfare in January.

The deal was to cement BP’s move forward from the Gulf spill, taking attention away from its faltering U.S. business to opportunities elsewhere in the world.

But it quickly ran aground in the face of opposition from BP’s existing Russian partners in its TNK-BP joint venture. That quartet of Russian billionaires last week won a legal block to the deal, leaving it hanging by a thread ahead of the Thursday deadline set by Rosneft.

BP has sought an extension to that deadline as it seeks an 11th hour compromise.

However, a peace offering was looking increasingly unlikely on Tuesday as a source close to TNK-BP’s management said the company would seek up to $10 billion in damages from BP. The source, who asked not to be named because of the sensitivity of the issue, said the funds would be compensation for BP’s violation of the shareholder agreement and failing to inform TNK-BP of an opportunity to explore the Russian sector of the Arctic.

Disgruntled institutional investors have so far dealt with the issue largely behind closed doors, but may use Thursday’s meeting to make a more public statement.

Euan Stirling, investment director at Standard Life, told the BBC that the Rosneft deal was “another fine mess for BP.”

Other investors are planning to vote against the re-election of the chairman and key executives and the acceptance of the annual report.

Both Pirc, the investor advice service, and the Association of British Insurers have issued warnings about excessive pay packages.

While Dudley has waived his bonus this year, two other executives — Iain Conn, the company’s head of refining and Chief Financial Officer Byron Grote — are receiving 310,500 pounds ($505,000) and $621,000 respectively for their performances not related to the oil spill.

Hayward has also grabbed headlines with an 11 million pound ($17.9 million) pension pot, 1 million pound ($1.6 million) payoff and some 8 million pounds ($13 million) in share options after a series of public gaffes.

ABI spokesman Erfan Hussein said the group wanted to “highlight to shareholders that there are a number of aspects of BP’s remuneration report which they will need to consider and make a careful judgement on ahead of the vote.”

A coalition of institutional investors led by the U.S. Christian Brothers Investment Services, representing $12 billion in assets and 1 million shares in BP, is also unhappy with executive pay — and the company’s lack of transparency over safety issues.

The group will vote against the annual report, which it says does not provide sufficient detail on how the company has strengthened safety and risk management.

“While we have been encouraged by BP’s recent willingness to meet with a broad range of shareholders, we do not think the annual report demonstrates what BP is doing to address the issues that have dominated headlines in regards to the oil spill,” said Julie Tanner, Assistant Director of Socially Responsible Investing at CBIS. “It does little to provide investors with critical information or confidence that risk has been mitigated and that board oversight has been strengthened.”

The U.K. Church Investors Group, which holds 200 million pounds of BP shares, is voting against the re-election of the chair of the board’s safety committee and the company’s remuneration report.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company’s annual shareholder meeting on Thursday

LONDON – (April 12, 2011) Clearlease.com Reports BP (NYSE: BP) Chief Executive Bob Dudley faces a tough audience when he stands up at the oil company’s annual shareholder meeting on Thursday which is just shy of the anniversary of the Gulf of Mexico well blowout that kicked off the biggest oil spill in U.S. history.

Hundreds of shareholders are expected to descend on the vast ExCel centre in London to publicly air their grievances about a year in which BP PLC lost a quarter of its market value, or some 34 billion pounds ($55 billion).

Compounding the headache for Dudley is the fact that the gathering coincides with the deadline for BP to wrap up an $8 billion share swap with Russia’s OAO Rosneft in the face of seemingly insurmountable legal challenges from its partners in Russian joint venture TNK-BP.

Institutional investors will be pressing to find out how the Rosneft deal has gone wrong, while others are planning to lodge protest votes against the bonuses paid out to some key executives as they demand more transparency on the company’s plans to both improve safety and get back on track.

It’s all a far cry from last year’s event, when the company was powering ahead and there were only minor protests against executive pay packets and opposition from environmental groups to BP’s investment in the Canadian tar sands.

The Macondo well blowout in the Gulf just five days later on April 20 changed all that. The explosion killed 11 workers and began the spill that has so far cost BP some $40 billion — and former CEO Tony Hayward his job.

Dudley, the first American to lead the British oil company since taking over in October, will instead be facing the music.

Top of the agenda is expected to be the shambolic Rosneft deal.

BP announced the share swap with state-backed Rosneft to explore for oil and gas off the Russian Arctic continental shelf with much fanfare in January.

The deal was to cement BP’s move forward from the Gulf spill, taking attention away from its faltering U.S. business to opportunities elsewhere in the world.

But it quickly ran aground in the face of opposition from BP’s existing Russian partners in its TNK-BP joint venture. That quartet of Russian billionaires last week won a legal block to the deal, leaving it hanging by a thread ahead of the Thursday deadline set by Rosneft.

BP has sought an extension to that deadline as it seeks an 11th hour compromise.

However, a peace offering was looking increasingly unlikely on Tuesday as a source close to TNK-BP’s management said the company would seek up to $10 billion in damages from BP. The source, who asked not to be named because of the sensitivity of the issue, said the funds would be compensation for BP’s violation of the shareholder agreement and failing to inform TNK-BP of an opportunity to explore the Russian sector of the Arctic.

Disgruntled institutional investors have so far dealt with the issue largely behind closed doors, but may use Thursday’s meeting to make a more public statement.

Euan Stirling, investment director at Standard Life, told the BBC that the Rosneft deal was “another fine mess for BP.”

Other investors are planning to vote against the re-election of the chairman and key executives and the acceptance of the annual report.

Both Pirc, the investor advice service, and the Association of British Insurers have issued warnings about excessive pay packages.

While Dudley has waived his bonus this year, two other executives — Iain Conn, the company’s head of refining and Chief Financial Officer Byron Grote — are receiving 310,500 pounds ($505,000) and $621,000 respectively for their performances not related to the oil spill.

Hayward has also grabbed headlines with an 11 million pound ($17.9 million) pension pot, 1 million pound ($1.6 million) payoff and some 8 million pounds ($13 million) in share options after a series of public gaffes.

ABI spokesman Erfan Hussein said the group wanted to “highlight to shareholders that there are a number of aspects of BP’s remuneration report which they will need to consider and make a careful judgement on ahead of the vote.”

A coalition of institutional investors led by the U.S. Christian Brothers Investment Services, representing $12 billion in assets and 1 million shares in BP, is also unhappy with executive pay — and the company’s lack of transparency over safety issues.

The group will vote against the annual report, which it says does not provide sufficient detail on how the company has strengthened safety and risk management.

“While we have been encouraged by BP’s recent willingness to meet with a broad range of shareholders, we do not think the annual report demonstrates what BP is doing to address the issues that have dominated headlines in regards to the oil spill,” said Julie Tanner, Assistant Director of Socially Responsible Investing at CBIS. “It does little to provide investors with critical information or confidence that risk has been mitigated and that board oversight has been strengthened.”

The U.K. Church Investors Group, which holds 200 million pounds of BP shares, is voting against the re-election of the chair of the board’s safety committee and the company’s remuneration report.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Minmetals Resources Limited (HKSE: 1208) said Tuesday it has lined up the financing it needs to make its $6.3-billion unsolicited takeover offer for Equinox Minerals Ltd. (TSX:EQN)

Dominion Lending Centres Clearlease Reports Minmetals Resources Limited (HKSE: 1208) said Tuesday it has lined up the financing it needs to make its $6.3-billion unsolicited takeover offer for Equinox Minerals Ltd. (TSX:EQN)


TORONTO – (April 12, 2011) Clearlease.com Reports Minmetals Resources Limited (HKSE: 1208) said Tuesday it has lined up the financing it needs to make its $6.3-billion unsolicited takeover offer for Equinox Minerals Ltd. (TSX:EQN).

Securing financing was a key condition of the proposed deal by the Chinese-owned company.

Minmetals said three Chinese banks will lend the company at least US$4.6 billion, while a Chinese institution will invest $600 million in equity in the company to help fund the takeover.

China Minmetals Non-Ferrous Metals Company Ltd., the company’s largest shareholder, has also agreed to lend Minmetals at least $700 million.

The balance of the money needed will come from the company’s cash reserves.

Minmetals has offered $7 per share for Equinox, which operates the Lumwana Mine in Zambia and is constructing the Jabal Sayid Project in Saudi Arabia.

The deal is also conditional on Equinox dropping its hostile takeover bid for Lundin Mining Corp. (TSX:LUN).

Equinox is listed on the Toronto and Australian stock exchange and has corporate offices in both countries.

The deal is expected to require approval under the Investment Canada Act, which requires foreign takeovers be of net benefit to Canada.

The Foreign Investment Review Board of Australia said last week that it has no objection to the Minmetals’ offer for Equinox.

Equinox shares were down two cents at $7.50 in trading on the Toronto Stock Exchange on Tuesday.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Minmetals Resources Limited (HKSE: 1208) said Tuesday it has lined up the financing it needs to make its $6.3-billion unsolicited takeover offer for Equinox Minerals Ltd. (TSX:EQN)

TORONTO – (April 12, 2011) Clearlease.com Reports Minmetals Resources Limited (HKSE: 1208) said Tuesday it has lined up the financing it needs to make its $6.3-billion unsolicited takeover offer for Equinox Minerals Ltd. (TSX:EQN).

Securing financing was a key condition of the proposed deal by the Chinese-owned company.

Minmetals said three Chinese banks will lend the company at least US$4.6 billion, while a Chinese institution will invest $600 million in equity in the company to help fund the takeover.

China Minmetals Non-Ferrous Metals Company Ltd., the company’s largest shareholder, has also agreed to lend Minmetals at least $700 million.

The balance of the money needed will come from the company’s cash reserves.

Minmetals has offered $7 per share for Equinox, which operates the Lumwana Mine in Zambia and is constructing the Jabal Sayid Project in Saudi Arabia.

The deal is also conditional on Equinox dropping its hostile takeover bid for Lundin Mining Corp. (TSX:LUN).

Equinox is listed on the Toronto and Australian stock exchange and has corporate offices in both countries.

The deal is expected to require approval under the Investment Canada Act, which requires foreign takeovers be of net benefit to Canada.

The Foreign Investment Review Board of Australia said last week that it has no objection to the Minmetals’ offer for Equinox.

Equinox shares were down two cents at $7.50 in trading on the Toronto Stock Exchange on Tuesday.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
TORONTO – (April 12, 2011) Clearlease.com Reports Minmetals Resources Limited (HKSE: 1208) said Tuesday it has lined up the financing it needs to make its $6.3-billion unsolicited takeover offer for Equinox Minerals Ltd. (TSX:EQN).

Securing financing was a key condition of the proposed deal by the Chinese-owned company.

Minmetals said three Chinese banks will lend the company at least US$4.6 billion, while a Chinese institution will invest $600 million in equity in the company to help fund the takeover.

China Minmetals Non-Ferrous Metals Company Ltd., the company’s largest shareholder, has also agreed to lend Minmetals at least $700 million.

The balance of the money needed will come from the company’s cash reserves.

Minmetals has offered $7 per share for Equinox, which operates the Lumwana Mine in Zambia and is constructing the Jabal Sayid Project in Saudi Arabia.

The deal is also conditional on Equinox dropping its hostile takeover bid for Lundin Mining Corp. (TSX:LUN).

Equinox is listed on the Toronto and Australian stock exchange and has corporate offices in both countries.

The deal is expected to require approval under the Investment Canada Act, which requires foreign takeovers be of net benefit to Canada.

The Foreign Investment Review Board of Australia said last week that it has no objection to the Minmetals’ offer for Equinox.

Equinox shares were down two cents at $7.50 in trading on the Toronto Stock Exchange on Tuesday.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Dominion Lending Centres Clearlease Reports Starcore (TSX:SAM) Closes on $2.5 million Financing

Dominion Lending Centres Clearlease Reports Starcore (TSX:SAM) Closes on $2.5 million Financing

Dominion Lending Centres Clearlease Reports Starcore (TSX:SAM) Closes on $2.5 million Financing

VANCOUVER, BRITISH COLUMBIA (April 12, 2011) Clearlease.com Reports further to its press release of March 25, 2011, Starcore International Mines Ltd. (TSX:SAM) (the “Company”) announced today that it has closed on its non-brokered financing for gross proceeds of $2,543,000. The financing was in the form of:

1. 10,170,905 Units at $0.11 per Unit (a “Unit”), each Unit comprised of
one common share of the Company (a “Common Share”) and one-half of one
transferable share purchase warrant (a “Warrant”). Each whole Warrant
entitles the holder to acquire one common share of the Company at a
price of $0.15 to April 7, 2013.

2. 12,947,276 Special Warrants at $0.11 per Special Warrant, each Special
Warrant exercisable, at no additional cost, into one Unit.

Of the 23,118,181 Units and Special Warrants issued by the Company (the “Securities”), Sprott Asset Management subscribed for an aggregate of 15,040,000 of the Securities, and Sprott Private Wealth subscribed for an aggregate of 3,260,000 of the Securities, or a total of 18,300,000 Securities subscribed for by the Sprott group of funds.

Finders’ fees applied in this transaction in the form of cash commissions in the aggregate amount of $148,362.05 and 2,147,910 non-transferable Finder’s Warrants to registered dealers, each Warrant entitling the holder to acquire one common share of the Company at a price of $0.15 to April 7, 2012.

Pursuant to TSX policies, the exercise of the Special Warrants and 1,187,455 Finder’s Warrants will be subject to shareholder approval, which approval will be sought at the extraordinary meeting of shareholders scheduled for June 3, 2011. The Special Warrants will be deemed to be exercised on the date which is two business days after the receipt of shareholder approval for the exercise of the Special Warrants. If shareholder approval is not received, the funds relating to the purchase of the Special Warrants will be returned to subscribers.

All securities issued pursuant to the private placement are subject to a four month hold period to August 8, 2011.

The proceeds from this private placement will be added to working capital and will be used for ongoing mine exploration and development of San Martin, the Company’s gold and silver producing mine located in Queretaro, Mexico.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Starcore (TSX:SAM) Closes on $2.5 million Financing

VANCOUVER, BRITISH COLUMBIA (April 12, 2011) Clearlease.com Reports further to its press release of March 25, 2011, Starcore International Mines Ltd. (TSX:SAM) (the “Company”) announced today that it has closed on its non-brokered financing for gross proceeds of $2,543,000. The financing was in the form of:

1. 10,170,905 Units at $0.11 per Unit (a “Unit”), each Unit comprised of
one common share of the Company (a “Common Share”) and one-half of one
transferable share purchase warrant (a “Warrant”). Each whole Warrant
entitles the holder to acquire one common share of the Company at a
price of $0.15 to April 7, 2013.

2. 12,947,276 Special Warrants at $0.11 per Special Warrant, each Special
Warrant exercisable, at no additional cost, into one Unit.

Of the 23,118,181 Units and Special Warrants issued by the Company (the “Securities”), Sprott Asset Management subscribed for an aggregate of 15,040,000 of the Securities, and Sprott Private Wealth subscribed for an aggregate of 3,260,000 of the Securities, or a total of 18,300,000 Securities subscribed for by the Sprott group of funds.

Finders’ fees applied in this transaction in the form of cash commissions in the aggregate amount of $148,362.05 and 2,147,910 non-transferable Finder’s Warrants to registered dealers, each Warrant entitling the holder to acquire one common share of the Company at a price of $0.15 to April 7, 2012.

Pursuant to TSX policies, the exercise of the Special Warrants and 1,187,455 Finder’s Warrants will be subject to shareholder approval, which approval will be sought at the extraordinary meeting of shareholders scheduled for June 3, 2011. The Special Warrants will be deemed to be exercised on the date which is two business days after the receipt of shareholder approval for the exercise of the Special Warrants. If shareholder approval is not received, the funds relating to the purchase of the Special Warrants will be returned to subscribers.

All securities issued pursuant to the private placement are subject to a four month hold period to August 8, 2011.

The proceeds from this private placement will be added to working capital and will be used for ongoing mine exploration and development of San Martin, the Company’s gold and silver producing mine located in Queretaro, Mexico.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Starcore (TSX:SAM) Closes on $2.5 million Financing

VANCOUVER, BRITISH COLUMBIA (April 12, 2011) Clearlease.com Reports further to its press release of March 25, 2011, Starcore International Mines Ltd. (TSX:SAM) (the “Company”) announced today that it has closed on its non-brokered financing for gross proceeds of $2,543,000. The financing was in the form of:

1. 10,170,905 Units at $0.11 per Unit (a “Unit”), each Unit comprised of
one common share of the Company (a “Common Share”) and one-half of one
transferable share purchase warrant (a “Warrant”). Each whole Warrant
entitles the holder to acquire one common share of the Company at a
price of $0.15 to April 7, 2013.

2. 12,947,276 Special Warrants at $0.11 per Special Warrant, each Special
Warrant exercisable, at no additional cost, into one Unit.

Of the 23,118,181 Units and Special Warrants issued by the Company (the “Securities”), Sprott Asset Management subscribed for an aggregate of 15,040,000 of the Securities, and Sprott Private Wealth subscribed for an aggregate of 3,260,000 of the Securities, or a total of 18,300,000 Securities subscribed for by the Sprott group of funds.

Finders’ fees applied in this transaction in the form of cash commissions in the aggregate amount of $148,362.05 and 2,147,910 non-transferable Finder’s Warrants to registered dealers, each Warrant entitling the holder to acquire one common share of the Company at a price of $0.15 to April 7, 2012.

Pursuant to TSX policies, the exercise of the Special Warrants and 1,187,455 Finder’s Warrants will be subject to shareholder approval, which approval will be sought at the extraordinary meeting of shareholders scheduled for June 3, 2011. The Special Warrants will be deemed to be exercised on the date which is two business days after the receipt of shareholder approval for the exercise of the Special Warrants. If shareholder approval is not received, the funds relating to the purchase of the Special Warrants will be returned to subscribers.

All securities issued pursuant to the private placement are subject to a four month hold period to August 8, 2011.

The proceeds from this private placement will be added to working capital and will be used for ongoing mine exploration and development of San Martin, the Company’s gold and silver producing mine located in Queretaro, Mexico.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###