Dominion Lending Centres Clearlease Reports Loonie lower for fourth day, U.S. currency rally pressures commodity prices
VANCOUVER, BC – (May 16, 2011) Clearlease Reports the Canadian dollar fell against the U.S. currency Monday morning as the greenback strengthened against other currencies and commodity prices weakened.
The loonie fell 0.61 of a cent to 102.63 cents US, down for a fourth session as investors try to avoid risk amid growing worries about the health of the economic rebound and rising inflation resulting from higher fuel costs.
Oil prices further from a 30-month high near US$115 at the beginning of the month amid a rally of the U.S. dollar, which has made crude more expensive for investors with other currencies. The June contract on the New York Mercantile Exchange fell $1.14 to US$98.51 a barrel.
Prices also fell sharply last week as data showed a sharp drop in gasoline consumption in the U.S.
Metal prices also fell as the July copper contract on the Nymex fell two cents to US$3.96 a pound. Gold prices ticked higher with the June bullion contract ahead $1.30 to US$1,494.90 an ounce.
The euro was also weaker on currency markets following the arrest of prominent political figure and International Monetary Fund head Dominique Strauss-Kahn in New York on attempted rape and sexual assault charges.
However, analysts said the arrest of Strauss-Kahn was unlikely to derail a bailout of Portugal or whether Greece will need any more aid. European finance ministers are meeting over the coming two days in Brussels. Strauss-Kahn had been due to join them.
Traders are also looking ahead to a speech later in the day by Bank of Canada governor Mark Carney. Analysts say the speech could set the trading tone for the loonie ahead of the central bank’s next announcement on interest rates on May 31.
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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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC – (May 16, 2011) Clearlease Reports the Canadian dollar fell against the U.S. currency Monday morning as the greenback strengthened against other currencies and commodity prices weakened.
The loonie fell 0.61 of a cent to 102.63 cents US, down for a fourth session as investors try to avoid risk amid growing worries about the health of the economic rebound and rising inflation resulting from higher fuel costs.
Oil prices further from a 30-month high near US$115 at the beginning of the month amid a rally of the U.S. dollar, which has made crude more expensive for investors with other currencies. The June contract on the New York Mercantile Exchange fell $1.14 to US$98.51 a barrel.
Prices also fell sharply last week as data showed a sharp drop in gasoline consumption in the U.S.
Metal prices also fell as the July copper contract on the Nymex fell two cents to US$3.96 a pound. Gold prices ticked higher with the June bullion contract ahead $1.30 to US$1,494.90 an ounce.
The euro was also weaker on currency markets following the arrest of prominent political figure and International Monetary Fund head Dominique Strauss-Kahn in New York on attempted rape and sexual assault charges.
However, analysts said the arrest of Strauss-Kahn was unlikely to derail a bailout of Portugal or whether Greece will need any more aid. European finance ministers are meeting over the coming two days in Brussels. Strauss-Kahn had been due to join them.
Traders are also looking ahead to a speech later in the day by Bank of Canada governor Mark Carney. Analysts say the speech could set the trading tone for the loonie ahead of the central bank’s next announcement on interest rates on May 31.
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 Loonie lower for fourth day, U.S. currency rally pressures commodity prices
VANCOUVER, BC – (May 16, 2011) Clearlease Reports the Canadian dollar fell against the U.S. currency Monday morning as the greenback strengthened against other currencies and commodity prices weakened.
The loonie fell 0.61 of a cent to 102.63 cents US, down for a fourth session as investors try to avoid risk amid growing worries about the health of the economic rebound and rising inflation resulting from higher fuel costs.
Oil prices further from a 30-month high near US$115 at the beginning of the month amid a rally of the U.S. dollar, which has made crude more expensive for investors with other currencies. The June contract on the New York Mercantile Exchange fell $1.14 to US$98.51 a barrel.
Prices also fell sharply last week as data showed a sharp drop in gasoline consumption in the U.S.
Metal prices also fell as the July copper contract on the Nymex fell two cents to US$3.96 a pound. Gold prices ticked higher with the June bullion contract ahead $1.30 to US$1,494.90 an ounce.
The euro was also weaker on currency markets following the arrest of prominent political figure and International Monetary Fund head Dominique Strauss-Kahn in New York on attempted rape and sexual assault charges.
However, analysts said the arrest of Strauss-Kahn was unlikely to derail a bailout of Portugal or whether Greece will need any more aid. European finance ministers are meeting over the coming two days in Brussels. Strauss-Kahn had been due to join them.
Traders are also looking ahead to a speech later in the day by Bank of Canada governor Mark Carney. Analysts say the speech could set the trading tone for the loonie ahead of the central bank’s next announcement on interest rates on May 31.
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