Canadian dollar closes higher amid weak manufacturing data, rising oil prices – Dominion Lending Centres Clearlease Reports
TORONTO – (April 15, 2011) Dominion Lending Centres Clearlease Reports The Canadian dollar closed higher against the greenback Thursday as oil prices shed early losses to move higher, while traders took in data showing a bigger than expected drop in manufacturing shipments.
The loonie rose 0.28 of a cent to close at 104.19 cents US.
Statistics Canada reported earlier that manufacturing sales fell 1.5 per cent in February to $47.1 billion, a steeper decline than the 0.1 per cent expected by economists.
The showing followed a 4.4 per cent gain in January.
The agency said that sales decreases were mostly concentrated in the auto sector and aerospace product and parts industries.
Sales in the motor vehicle assembly industry dropped 10.9 per cent in February.
Meanwhile, the May crude oil contract on the New York Mercantile Exchange gained $1 to US$108.11 a barrel.
Crude has rapidly come off a recent 2 1/2 year high of almost US$113 a barrel after Goldman Sachs warned investors Monday that crude oil prices were due for a “substantial pullback” after surging about 30 per cent since mid-February as the market responded to a civil war in Libya and unrest in other Mideast countries.
Copper prices were lower for a fourth day because of demand concerns as the May contract on the Nymex rose dipped one cent to US$4.28 a pound.
Bullion prices advanced while the June contract in New York climbed $16.80 to US$1,472.40 an ounce.
The currency has lost ground this week as the Bank of Canada announced Tuesday it was keeping interest rates unchanged at one per cent. The central bank also warned Wednesday that the Canadian economy is entering a period of slow growth under the heavy burden of a strong dollar.
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
###
TORONTO – (April 15, 2011) Dominion Lending Centres Clearlease Reports The Canadian dollar closed higher against the greenback Thursday as oil prices shed early losses to move higher, while traders took in data showing a bigger than expected drop in manufacturing shipments.
The loonie rose 0.28 of a cent to close at 104.19 cents US.
Statistics Canada reported earlier that manufacturing sales fell 1.5 per cent in February to $47.1 billion, a steeper decline than the 0.1 per cent expected by economists.
The showing followed a 4.4 per cent gain in January.
The agency said that sales decreases were mostly concentrated in the auto sector and aerospace product and parts industries.
Sales in the motor vehicle assembly industry dropped 10.9 per cent in February.
Meanwhile, the May crude oil contract on the New York Mercantile Exchange gained $1 to US$108.11 a barrel.
Crude has rapidly come off a recent 2 1/2 year high of almost US$113 a barrel after Goldman Sachs warned investors Monday that crude oil prices were due for a “substantial pullback” after surging about 30 per cent since mid-February as the market responded to a civil war in Libya and unrest in other Mideast countries.
Copper prices were lower for a fourth day because of demand concerns as the May contract on the Nymex rose dipped one cent to US$4.28 a pound.
Bullion prices advanced while the June contract in New York climbed $16.80 to US$1,472.40 an ounce.
The currency has lost ground this week as the Bank of Canada announced Tuesday it was keeping interest rates unchanged at one per cent. The central bank also warned Wednesday that the Canadian economy is entering a period of slow growth under the heavy burden of a strong dollar.
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
###Canadian dollar closes higher amid weak manufacturing data, rising oil prices – Dominion Lending Centres Clearlease Reports
TORONTO – (April 15, 2011) Dominion Lending Centres Clearlease Reports The Canadian dollar closed higher against the greenback Thursday as oil prices shed early losses to move higher, while traders took in data showing a bigger than expected drop in manufacturing shipments.
The loonie rose 0.28 of a cent to close at 104.19 cents US.
Statistics Canada reported earlier that manufacturing sales fell 1.5 per cent in February to $47.1 billion, a steeper decline than the 0.1 per cent expected by economists.
The showing followed a 4.4 per cent gain in January.
The agency said that sales decreases were mostly concentrated in the auto sector and aerospace product and parts industries.
Sales in the motor vehicle assembly industry dropped 10.9 per cent in February.
Meanwhile, the May crude oil contract on the New York Mercantile Exchange gained $1 to US$108.11 a barrel.
Crude has rapidly come off a recent 2 1/2 year high of almost US$113 a barrel after Goldman Sachs warned investors Monday that crude oil prices were due for a “substantial pullback” after surging about 30 per cent since mid-February as the market responded to a civil war in Libya and unrest in other Mideast countries.
Copper prices were lower for a fourth day because of demand concerns as the May contract on the Nymex rose dipped one cent to US$4.28 a pound.
Bullion prices advanced while the June contract in New York climbed $16.80 to US$1,472.40 an ounce.
The currency has lost ground this week as the Bank of Canada announced Tuesday it was keeping interest rates unchanged at one per cent. The central bank also warned Wednesday that the Canadian economy is entering a period of slow growth under the heavy burden of a strong dollar.
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
###