Canadian dollar declines amid lower commodities, European debt nervousness – Dominion Lending Centres Clearlease
TORONTO – (April 18, 2011) Clearlease.com Reports the Canadian dollar was lower Monday morning as oil prices declined and the American dollar strengthened against other currencies.
The loonie fell 0.48 of a cent to 103.68 cents US.
Oil prices headed lower even as Saudi Arabia announced Sunday that it cut daily output to 8.3 million barrels in March from 9.1 million barrels in February because of what it saw as excess global supply. The moved dampened hopes OPEC will soon boost its output to help bring down prices.
The May crude contract on the New York Mercantile Exchange was down $1.34 to US$108.32 a barrel.
Other commodity prices headed lower with the May copper contract on the Nymex down a cent to US$4.24 a pound.
Bullion backed away from Friday’s latest record high close, as the June contract in New York declined $5.10 to US$1,480.90 an ounce.
Meanwhile, there was renewed focus on Greece’s debts in the wake of suggestions from a number of people that the country would be better off looking for a way to renegotiate its debts as a way of relieving its crisis.
Also, a Greek newspaper reported that Greece has asked the International Monetary Fund and the European Union to begin talks on restructuring its debt.
Meanwhile, the pro-EU conservative National Coalition Party topped Sunday’s vote in Finland but the coalition it previously belonged to no longer has a parliamentary majority. There are worries that a new government including a euroskeptic party which made big gains could derail a bailout which is currently in the works for Portugal.
“The real fear is that anti-Euro aid sentiment is building across Europe, which should it spill into countries like Germany could have significant ramifications,” said Scotia Capital chief currency strategist Camilla Sutton.
The euro traded at US$1.4291, down sharply from US$1.4429 late Friday.
Traders also took in news that China’s central bank moved during the weekend to further tamp down inflation, which jumped to a 32-month high in March. On Sunday, the People’s Bank of China announced that the deposit reserve ratio for most banks would be raised to 20.5 per cent — the fourth reserve increase this year.
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 18, 2011) Clearlease.com Reports the Canadian dollar was lower Monday morning as oil prices declined and the American dollar strengthened against other currencies.
The loonie fell 0.48 of a cent to 103.68 cents US.
Oil prices headed lower even as Saudi Arabia announced Sunday that it cut daily output to 8.3 million barrels in March from 9.1 million barrels in February because of what it saw as excess global supply. The moved dampened hopes OPEC will soon boost its output to help bring down prices.
The May crude contract on the New York Mercantile Exchange was down $1.34 to US$108.32 a barrel.
Other commodity prices headed lower with the May copper contract on the Nymex down a cent to US$4.24 a pound.
Bullion backed away from Friday’s latest record high close, as the June contract in New York declined $5.10 to US$1,480.90 an ounce.
Meanwhile, there was renewed focus on Greece’s debts in the wake of suggestions from a number of people that the country would be better off looking for a way to renegotiate its debts as a way of relieving its crisis.
Also, a Greek newspaper reported that Greece has asked the International Monetary Fund and the European Union to begin talks on restructuring its debt.
Meanwhile, the pro-EU conservative National Coalition Party topped Sunday’s vote in Finland but the coalition it previously belonged to no longer has a parliamentary majority. There are worries that a new government including a euroskeptic party which made big gains could derail a bailout which is currently in the works for Portugal.
“The real fear is that anti-Euro aid sentiment is building across Europe, which should it spill into countries like Germany could have significant ramifications,” said Scotia Capital chief currency strategist Camilla Sutton.
The euro traded at US$1.4291, down sharply from US$1.4429 late Friday.
Traders also took in news that China’s central bank moved during the weekend to further tamp down inflation, which jumped to a 32-month high in March. On Sunday, the People’s Bank of China announced that the deposit reserve ratio for most banks would be raised to 20.5 per cent — the fourth reserve increase this year.
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 declines amid lower commodities, European debt nervousness – Dominion Lending Centres Clearlease
TORONTO – (April 18, 2011) Clearlease.com Reports the Canadian dollar was lower Monday morning as oil prices declined and the American dollar strengthened against other currencies.
The loonie fell 0.48 of a cent to 103.68 cents US.
Oil prices headed lower even as Saudi Arabia announced Sunday that it cut daily output to 8.3 million barrels in March from 9.1 million barrels in February because of what it saw as excess global supply. The moved dampened hopes OPEC will soon boost its output to help bring down prices.
The May crude contract on the New York Mercantile Exchange was down $1.34 to US$108.32 a barrel.
Other commodity prices headed lower with the May copper contract on the Nymex down a cent to US$4.24 a pound.
Bullion backed away from Friday’s latest record high close, as the June contract in New York declined $5.10 to US$1,480.90 an ounce.
Meanwhile, there was renewed focus on Greece’s debts in the wake of suggestions from a number of people that the country would be better off looking for a way to renegotiate its debts as a way of relieving its crisis.
Also, a Greek newspaper reported that Greece has asked the International Monetary Fund and the European Union to begin talks on restructuring its debt.
Meanwhile, the pro-EU conservative National Coalition Party topped Sunday’s vote in Finland but the coalition it previously belonged to no longer has a parliamentary majority. There are worries that a new government including a euroskeptic party which made big gains could derail a bailout which is currently in the works for Portugal.
“The real fear is that anti-Euro aid sentiment is building across Europe, which should it spill into countries like Germany could have significant ramifications,” said Scotia Capital chief currency strategist Camilla Sutton.
The euro traded at US$1.4291, down sharply from US$1.4429 late Friday.
Traders also took in news that China’s central bank moved during the weekend to further tamp down inflation, which jumped to a 32-month high in March. On Sunday, the People’s Bank of China announced that the deposit reserve ratio for most banks would be raised to 20.5 per cent — the fourth reserve increase this year.
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
###