Dominion Lending Centres Clearlease Reports Friday the 13th TSX May Open Higher Amid Earnings, Steady Commodities

Dominion Lending Centres Clearlease Reports Friday the 13th TSX May Open Higher Amid Earnings, Steady Commodities

VANCOUVER, BC – (May 13, 2011) Clearlease Reports Toronto stocks may edge up at open Friday as commodities steadied after recent fall. Also, encouraging economic growth data from the euro zone might help lift sentiment even as traders react to the latest batch of corporate earnings that came in mostly higher.

Further, value buying at lower levels, after the main index suffered notable losses in the past three sessions, likely to support stock prices.

U.S. stock futures were pointing to a higher open.

On Thursday, the S&P/TSX Composite Index extended losses for a third session, shedding 30.32 points or 0.23 percent to 13,389.42.

The price of crude oil was hovering around $100 amid a mixed dollar, with crude for June gaining $0.97 to $99.94 a barrel.

Gold for June was adding $2.30 to $1,509.10 an ounce.

In corporate news from Bay Street, stock market operator TMX Group (X.TO) reported higher first-quarter net income of C$63.1 million or C$0.84 per share compared to C$57.1 million or C$0.77 a year earlier. On an adjusted basis, earnings per share improved to C$0.97 from C$0.77 in the prior year. The company declared a dividend of C$0.40 on per share.

Gold miner Richmont Mines (RIC.TO) reported first-quarter net earnings, which include proceeds from the sale of Valentine Lake, of C$8.7 million or C$0.27 per share compared to C$1.8 million or C$0.07 per share in the first quarter last year.

Precious metals company Franco-Nevada Corp. (FNV.TO) reported first-quarter net income of $21.2 million or $0.18 per basic share, compared to $15 million or $0.13 per basic share last year. On an adjusted basis, net income increased to $21.4 million or $0.18 per share from $8.3 million or $0.07 per share last year.

Metals distribution and processing company Russel Metals (RUS.TO) announced first quarter earnings of C$33 million or C$0.55 per share, compared to C$9 million or C$0.15 per share in the prior year period. Analysts were expecting the company to report earnings of C$0.50 per share for the quarter.

Global energy services company Shawcor Ltd (SCL_A.TO, SCL_B.TO) reported that its first-quarter net income rose to C$20.5 million or C$0.29 per share from C$11.7 million or C$0.16 per share in the first quarter of the prior year.

Oil and gas explorer Advantage Oil & Gas (AAV.TO) slipped int o the red in first-quarter, reporting net loss of C$5.7 million or C$0.03 per share, compared to net income of C$33.1 million or C$0.20 per share last year.

Energy services company Secure Energy Services (SES.TO) said its first-quarter Funds From Operations rose to C$10.66 million or C$0.16 per share, from C$6.38 million or C$0.14 per share in the year ago quarter.

Commercial real estate company MI Developments (MIM_A.TO) reported that its first-quarter funds from operations declined to $23.51 or $0.50 per share, from $25.83 million or $0.55 per share in the year ago quarter.

Consulting services provider Stantec, Inc. (STN.TO) reported improved first quarter profit of C$23.8 million or C$ 0.52 compared to C$16.3 million or C$0.35 l in the year-ago quarter. Analysts were expecting the company to report earnings of C$0.53 per share for the quarter.

Gaming and entertainment company Great Canadian Gaming (GC.TO) announced that its first-quarter net earnings rose to C$5.7 million or C$0.07 per share from C$5.1 million or C$0.06 per share in the year ago quarter.

Fertilizer company Hanfeng Evergreen (HF.TO) reported that its third-quarter net income was C$8.35 million or C$0.13 per share, up from C$7.30 million or C$0.12 per share in the same quarter last year.

Renewable energy company Algonquin Power & Utilities (AQN.TO) reported first-quarter net earnings of C$5.0 million or C$0.05 per share, up from C$3.5 million or C$0.04 per share for the first quarter of 2010. Adjusted net earnings were C$4.5 million or C$0.04 per share, up from C$1.4 million or C$0.02 per share in the year ago quarter.

Wood products company Ainsworth Lumber (ANS.TO) reported a much improved first-quarter net income of C$77.7 million or C$0.77 per share, compared with C$16.4 million or C$0.16 per share a year ago.

In economic news, Canadian new motor vehicles sales rose more than expected in March due to better sales of both passenger cars and trucks. The number of new motor vehicles sold in March increased 2.0 percent to 135,261 units, according to Statistics Canada. Economists were expecting new motor vehicle sales to rise 1.5 percent, following the 0.6 percent decline witnessed in February.

From south of the border, the U.S. Labor Department said said its consumer price index rose by 0.4 percent in April, in line with what most economists had expected. The core consumer price index, which excludes food and energy prices and is considered a better benchmark for inflation, increased by a more modest 0.2 percent.

Earlier today, flash estimates from Eurostat revealed that the euro zone economy expanded 0.8 percent sequentially in the first quarter 2011. The growth rate accelerated from the 0.3 percent increase seen in the fourth quarter and also exceeded the consensus estimates of 0.6 percent growth.

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

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VANCOUVER, BC – (May 13, 2011) Clearlease Reports Toronto stocks may edge up at open Friday as commodities steadied after recent fall. Also, encouraging economic growth data from the euro zone might help lift sentiment even as traders react to the latest batch of corporate earnings that came in mostly higher.

Further, value buying at lower levels, after the main index suffered notable losses in the past three sessions, likely to support stock prices.

U.S. stock futures were pointing to a higher open.

On Thursday, the S&P/TSX Composite Index extended losses for a third session, shedding 30.32 points or 0.23 percent to 13,389.42.

The price of crude oil was hovering around $100 amid a mixed dollar, with crude for June gaining $0.97 to $99.94 a barrel.

Gold for June was adding $2.30 to $1,509.10 an ounce.

In corporate news from Bay Street, stock market operator TMX Group (X.TO) reported higher first-quarter net income of C$63.1 million or C$0.84 per share compared to C$57.1 million or C$0.77 a year earlier. On an adjusted basis, earnings per share improved to C$0.97 from C$0.77 in the prior year. The company declared a dividend of C$0.40 on per share.

Gold miner Richmont Mines (RIC.TO) reported first-quarter net earnings, which include proceeds from the sale of Valentine Lake, of C$8.7 million or C$0.27 per share compared to C$1.8 million or C$0.07 per share in the first quarter last year.

Precious metals company Franco-Nevada Corp. (FNV.TO) reported first-quarter net income of $21.2 million or $0.18 per basic share, compared to $15 million or $0.13 per basic share last year. On an adjusted basis, net income increased to $21.4 million or $0.18 per share from $8.3 million or $0.07 per share last year.

Metals distribution and processing company Russel Metals (RUS.TO) announced first quarter earnings of C$33 million or C$0.55 per share, compared to C$9 million or C$0.15 per share in the prior year period. Analysts were expecting the company to report earnings of C$0.50 per share for the quarter.

Global energy services company Shawcor Ltd (SCL_A.TO, SCL_B.TO) reported that its first-quarter net income rose to C$20.5 million or C$0.29 per share from C$11.7 million or C$0.16 per share in the first quarter of the prior year.

Oil and gas explorer Advantage Oil & Gas (AAV.TO) slipped int o the red in first-quarter, reporting net loss of C$5.7 million or C$0.03 per share, compared to net income of C$33.1 million or C$0.20 per share last year.

Energy services company Secure Energy Services (SES.TO) said its first-quarter Funds From Operations rose to C$10.66 million or C$0.16 per share, from C$6.38 million or C$0.14 per share in the year ago quarter.

Commercial real estate company MI Developments (MIM_A.TO) reported that its first-quarter funds from operations declined to $23.51 or $0.50 per share, from $25.83 million or $0.55 per share in the year ago quarter.

Consulting services provider Stantec, Inc. (STN.TO) reported improved first quarter profit of C$23.8 million or C$ 0.52 compared to C$16.3 million or C$0.35 l in the year-ago quarter. Analysts were expecting the company to report earnings of C$0.53 per share for the quarter.

Gaming and entertainment company Great Canadian Gaming (GC.TO) announced that its first-quarter net earnings rose to C$5.7 million or C$0.07 per share from C$5.1 million or C$0.06 per share in the year ago quarter.

Fertilizer company Hanfeng Evergreen (HF.TO) reported that its third-quarter net income was C$8.35 million or C$0.13 per share, up from C$7.30 million or C$0.12 per share in the same quarter last year.

Renewable energy company Algonquin Power & Utilities (AQN.TO) reported first-quarter net earnings of C$5.0 million or C$0.05 per share, up from C$3.5 million or C$0.04 per share for the first quarter of 2010. Adjusted net earnings were C$4.5 million or C$0.04 per share, up from C$1.4 million or C$0.02 per share in the year ago quarter.

Wood products company Ainsworth Lumber (ANS.TO) reported a much improved first-quarter net income of C$77.7 million or C$0.77 per share, compared with C$16.4 million or C$0.16 per share a year ago.

In economic news, Canadian new motor vehicles sales rose more than expected in March due to better sales of both passenger cars and trucks. The number of new motor vehicles sold in March increased 2.0 percent to 135,261 units, according to Statistics Canada. Economists were expecting new motor vehicle sales to rise 1.5 percent, following the 0.6 percent decline witnessed in February.

From south of the border, the U.S. Labor Department said said its consumer price index rose by 0.4 percent in April, in line with what most economists had expected. The core consumer price index, which excludes food and energy prices and is considered a better benchmark for inflation, increased by a more modest 0.2 percent.

Earlier today, flash estimates from Eurostat revealed that the euro zone economy expanded 0.8 percent sequentially in the first quarter 2011. The growth rate accelerated from the 0.3 percent increase seen in the fourth quarter and also exceeded the consensus estimates of 0.6 percent growth.

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

###

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

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