Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data
VANCOUVER, BC – (May 10, 2011) Clearlease Reports The Canadian dollar advanced against the greenback Tuesday as solid trade data from China improved confidence about the global growth outlook.
The loonie was up 0.53 of a cent to 104.31 cents US.
China’s global trade surplus widened to US$11.4 billion in April as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 per cent.
The gap exceeded private sector forecasts of US$5 billion to $10 billion and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.
Traders will also be anxiously eyeing the latest inflation data from China Wednesday. Inflation has been stubbornly high and China has made several moves to slow the economy to control high prices, especially for food.
Metal prices headed higher following the release of the Chinese trade data with the July copper contract on the Nymex up five cents to US$4.06 a pound.
However, oil prices headed lower as traders looked ahead to U.S. inventory figures coming out later in the day while U.S. exchange operator CME Group said it is raising the margin requirements for trade in a wide range of oil products. This is CME’s third increase in oil maintenance margins this year.
“Changes in margins tend to drive temporary price fluctuations, while strong Chinese exports are supportive of longer term oil prices,” observed Scotia Capital chief currency strategist Camilla Sutton.
“Accordingly, we view recent events as positive for oil prices, the Canadian economy and the Canadian dollar.”
Crude inventories likely rose 1.6 million barrels last week, continuing an uptrend since early January, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.
The June crude contract on the New York Mercantile Exchange declined 68 cents to US$101.87 a barrel.
Bullion prices also advanced with the June gold contract on the Nymex up $12.40 to US$1,515.60 an ounce.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC – (May 10, 2011) Clearlease Reports The Canadian dollar advanced against the greenback Tuesday as solid trade data from China improved confidence about the global growth outlook.
The loonie was up 0.53 of a cent to 104.31 cents US.
China’s global trade surplus widened to US$11.4 billion in April as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 per cent.
The gap exceeded private sector forecasts of US$5 billion to $10 billion and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.
Traders will also be anxiously eyeing the latest inflation data from China Wednesday. Inflation has been stubbornly high and China has made several moves to slow the economy to control high prices, especially for food.
Metal prices headed higher following the release of the Chinese trade data with the July copper contract on the Nymex up five cents to US$4.06 a pound.
However, oil prices headed lower as traders looked ahead to U.S. inventory figures coming out later in the day while U.S. exchange operator CME Group said it is raising the margin requirements for trade in a wide range of oil products. This is CME’s third increase in oil maintenance margins this year.
“Changes in margins tend to drive temporary price fluctuations, while strong Chinese exports are supportive of longer term oil prices,” observed Scotia Capital chief currency strategist Camilla Sutton.
“Accordingly, we view recent events as positive for oil prices, the Canadian economy and the Canadian dollar.”
Crude inventories likely rose 1.6 million barrels last week, continuing an uptrend since early January, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.
The June crude contract on the New York Mercantile Exchange declined 68 cents to US$101.87 a barrel.
Bullion prices also advanced with the June gold contract on the Nymex up $12.40 to US$1,515.60 an ounce.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Canadian dollar moves higher following strong Chinese economic data
VANCOUVER, BC – (May 10, 2011) Clearlease Reports The Canadian dollar advanced against the greenback Tuesday as solid trade data from China improved confidence about the global growth outlook.
The loonie was up 0.53 of a cent to 104.31 cents US.
China’s global trade surplus widened to US$11.4 billion in April as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 per cent.
The gap exceeded private sector forecasts of US$5 billion to $10 billion and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.
Traders will also be anxiously eyeing the latest inflation data from China Wednesday. Inflation has been stubbornly high and China has made several moves to slow the economy to control high prices, especially for food.
Metal prices headed higher following the release of the Chinese trade data with the July copper contract on the Nymex up five cents to US$4.06 a pound.
However, oil prices headed lower as traders looked ahead to U.S. inventory figures coming out later in the day while U.S. exchange operator CME Group said it is raising the margin requirements for trade in a wide range of oil products. This is CME’s third increase in oil maintenance margins this year.
“Changes in margins tend to drive temporary price fluctuations, while strong Chinese exports are supportive of longer term oil prices,” observed Scotia Capital chief currency strategist Camilla Sutton.
“Accordingly, we view recent events as positive for oil prices, the Canadian economy and the Canadian dollar.”
Crude inventories likely rose 1.6 million barrels last week, continuing an uptrend since early January, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.
The June crude contract on the New York Mercantile Exchange declined 68 cents to US$101.87 a barrel.
Bullion prices also advanced with the June gold contract on the Nymex up $12.40 to US$1,515.60 an ounce.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk