Dominion Lending Centres Clearlease Reports Canadian dollar rises, prices for crude oil and metals head higher
VANCOUVER, BC – (May 9, 2011) Clearlease Reports A generally weaker U.S. dollar and a recovery in commodity prices pushed the Canadian dollar higher Monday.
The currency rose 0.24 of a cent to 103.65 cents US after a selloff in commodities sent the currency down about 2.4 cents US last week.
However, prices for oil and metals improved Monday after a solid U.S. employment report on Friday eased worries about the pace of the American economic recovery.
The U.S. economy created 268,000 jobs in April, the most since February 2006 and well above the 185,000 jobs that analysts had predicted.
Oil prices jumped as improved hopes for the U.S. economy helped lower fears of much lower demand. The June crude contract on the New York Mercantile Exchange climbed $2.92 to US$100.10 a barrel after plunging almost US$17 or 14 per cent last week.
Other commodities advanced as the June gold contract on the Nymex rose $13.70 to US$1,505.30 an ounce while the July copper contract in New York was up seven cents to US$4.05 a pound.
Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery.
The Canadian currency was slightly off the highs of the morning amid some negative data from the housing sector.
Canada Mortgage and Housing Corp. reported that housing starts fell to 179,000 in April, down from 185,000, a trend some analysts suggested could continue.
“We expect housing starts to continue to soften as home prices stagnate in light of forthcoming interest rate hikes and an anticipated slower second half of the year,” said Krishen Rangasamy, an economist with CIBC World Markets, adding the drop could be as large as 10 per cent.
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 9, 2011) Clearlease Reports A generally weaker U.S. dollar and a recovery in commodity prices pushed the Canadian dollar higher Monday.
The currency rose 0.24 of a cent to 103.65 cents US after a selloff in commodities sent the currency down about 2.4 cents US last week.
However, prices for oil and metals improved Monday after a solid U.S. employment report on Friday eased worries about the pace of the American economic recovery.
The U.S. economy created 268,000 jobs in April, the most since February 2006 and well above the 185,000 jobs that analysts had predicted.
Oil prices jumped as improved hopes for the U.S. economy helped lower fears of much lower demand. The June crude contract on the New York Mercantile Exchange climbed $2.92 to US$100.10 a barrel after plunging almost US$17 or 14 per cent last week.
Other commodities advanced as the June gold contract on the Nymex rose $13.70 to US$1,505.30 an ounce while the July copper contract in New York was up seven cents to US$4.05 a pound.
Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery.
The Canadian currency was slightly off the highs of the morning amid some negative data from the housing sector.
Canada Mortgage and Housing Corp. reported that housing starts fell to 179,000 in April, down from 185,000, a trend some analysts suggested could continue.
“We expect housing starts to continue to soften as home prices stagnate in light of forthcoming interest rate hikes and an anticipated slower second half of the year,” said Krishen Rangasamy, an economist with CIBC World Markets, adding the drop could be as large as 10 per cent.
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 rises, prices for crude oil and metals head higher
VANCOUVER, BC – (May 9, 2011) Clearlease Reports A generally weaker U.S. dollar and a recovery in commodity prices pushed the Canadian dollar higher Monday.
The currency rose 0.24 of a cent to 103.65 cents US after a selloff in commodities sent the currency down about 2.4 cents US last week.
However, prices for oil and metals improved Monday after a solid U.S. employment report on Friday eased worries about the pace of the American economic recovery.
The U.S. economy created 268,000 jobs in April, the most since February 2006 and well above the 185,000 jobs that analysts had predicted.
Oil prices jumped as improved hopes for the U.S. economy helped lower fears of much lower demand. The June crude contract on the New York Mercantile Exchange climbed $2.92 to US$100.10 a barrel after plunging almost US$17 or 14 per cent last week.
Other commodities advanced as the June gold contract on the Nymex rose $13.70 to US$1,505.30 an ounce while the July copper contract in New York was up seven cents to US$4.05 a pound.
Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery.
The Canadian currency was slightly off the highs of the morning amid some negative data from the housing sector.
Canada Mortgage and Housing Corp. reported that housing starts fell to 179,000 in April, down from 185,000, a trend some analysts suggested could continue.
“We expect housing starts to continue to soften as home prices stagnate in light of forthcoming interest rate hikes and an anticipated slower second half of the year,” said Krishen Rangasamy, an economist with CIBC World Markets, adding the drop could be as large as 10 per cent.
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