Dominion Lending Centres Clearlease Reports Markets getting pummeled by commodities plunge
VANCOUVER, BC – (May 5, 2011) Clearlease Reports Toronto’s main stock index continued its downward trek early Thursday, with a plunge in commodity prices likely to hit the resource-heavy market.
The S&P/TSX Composite Index went south 90.92 points to open at 13, 520.40
The Canadian dollar faded 0.73 cents to 103.53 cents U.S.
Among stocks to watch this morning, Penn West Petroleum Ltd. posted a nearly threefold rise in its first-quarter profit, helped by higher light oil and natural gas liquids prices.
Air Canada Inc. reported a narrower operating loss.
Alamos Gold Inc. posted a 15% rise in its first-quarter profit, but cut its full-year production forecast.
Lake Shore Gold Corp said it would acquire the Fenn-Gib gold project from Barrick Gold for $60 million in stock as part of its plans to double the size of its gold resource.
Sun Life Financial said on Wednesday its quarterly profit rose 5.8%, helped by a strong North American equity market performance that gave a boost to its investments.
On the economic front, Statistics Canada told Canadians the value of building permits in March zoomed 17% to $6.8 billion in March from the month before, to a near four-year high.
ON BAYSTREET
The TSX Venture Exchange retreated 33.42 points to 2,092.26 while the Nasdaq Canada index wilted 2.38 points to 689.31
In Toronto, all but one of the 14 subgroups suffered losses early Thursday. Energy stocks and metals and mining collapsed 1.8% each, while global base metals were 1.1% to the bad.
Only a 0.2% improvement by health-care stocks kept things from being unanimous.
ON WALLSTREET
In New York, stocks experienced a lower open after a report released Thursday morning showed continued weakness in the labour market.
The Dow Jones industrial average gave up 53.59 points in the early going to 12,670.
The S&P 500 was down 6.70 points to 1,340.62. The Nasdaq Composite Index slumped 5.53 points to 2,822.70
Stocks have been trending higher since the start of the year, but investors fear the economy is still on shaky ground.
Concerns over the looming debt ceiling facing Congress and Europe’s debt problems have also weighed on the market.
The European Central Bank and the Bank of England both left their key interest rates unchanged, as was widely expected.
Stocks ended in the red Wednesday, as disappointing reports on jobs and the service sector weighed on investors.
Detroit giant General Motors reported a first-quarter net profit of $3.2 billion U.S., its fifth consecutive profitable quarter. Shares fell 1% in premarket trade.
Dow component Kraft reports quarterly results on Thursday, with analysts expecting earnings of 47 cents a share.
Shares of Whole Foods rose 5% a day after the company reported solid results after Wednesday’s closing bell and raised its outlook.
Other companies reporting Thursday include Priceline.com, Visa and insurance giant AIG
Also, retailers — including Target and Macy’s — reported a strong surge in April stores sales boosted by Easter purchases in the month. Shares of Macy’s rose more than 1% and Target’s stock also edged up.
On the economic front, the number of people filing first-time unemployment claims surged to 474,000 in the latest week — its highest total in eight months — according to a government report.
This week has centred around the ever-important monthly jobs report due out Friday morning.
Economists expect the unemployment rate to hold steady at 8.8%, with employers forecasted to add 185,000 jobs in April. For the full year, economists expect 2.3 million new jobs — just under 200,000 per month — and an unemployment rate of 8.4% by year end.
The price on the benchmark 10-year U.S. Treasury edged up a small amount, pushing the yield down to 3.19% from 3.22% late Wednesday. Treasury prices and yields move in opposite directions.
Oil for June delivery fell back $3.51 to $105.73 U.S. a barrel.
Gold futures for June delivery fell $14.40 to $1,500.90 U.S. 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 5, 2011) Clearlease Reports Toronto’s main stock index continued its downward trek early Thursday, with a plunge in commodity prices likely to hit the resource-heavy market.
The S&P/TSX Composite Index went south 90.92 points to open at 13, 520.40
The Canadian dollar faded 0.73 cents to 103.53 cents U.S.
Among stocks to watch this morning, Penn West Petroleum Ltd. posted a nearly threefold rise in its first-quarter profit, helped by higher light oil and natural gas liquids prices.
Air Canada Inc. reported a narrower operating loss.
Alamos Gold Inc. posted a 15% rise in its first-quarter profit, but cut its full-year production forecast.
Lake Shore Gold Corp said it would acquire the Fenn-Gib gold project from Barrick Gold for $60 million in stock as part of its plans to double the size of its gold resource.
Sun Life Financial said on Wednesday its quarterly profit rose 5.8%, helped by a strong North American equity market performance that gave a boost to its investments.
On the economic front, Statistics Canada told Canadians the value of building permits in March zoomed 17% to $6.8 billion in March from the month before, to a near four-year high.
ON BAYSTREET
The TSX Venture Exchange retreated 33.42 points to 2,092.26 while the Nasdaq Canada index wilted 2.38 points to 689.31
In Toronto, all but one of the 14 subgroups suffered losses early Thursday. Energy stocks and metals and mining collapsed 1.8% each, while global base metals were 1.1% to the bad.
Only a 0.2% improvement by health-care stocks kept things from being unanimous.
ON WALLSTREET
In New York, stocks experienced a lower open after a report released Thursday morning showed continued weakness in the labour market.
The Dow Jones industrial average gave up 53.59 points in the early going to 12,670.
The S&P 500 was down 6.70 points to 1,340.62. The Nasdaq Composite Index slumped 5.53 points to 2,822.70
Stocks have been trending higher since the start of the year, but investors fear the economy is still on shaky ground.
Concerns over the looming debt ceiling facing Congress and Europe’s debt problems have also weighed on the market.
The European Central Bank and the Bank of England both left their key interest rates unchanged, as was widely expected.
Stocks ended in the red Wednesday, as disappointing reports on jobs and the service sector weighed on investors.
Detroit giant General Motors reported a first-quarter net profit of $3.2 billion U.S., its fifth consecutive profitable quarter. Shares fell 1% in premarket trade.
Dow component Kraft reports quarterly results on Thursday, with analysts expecting earnings of 47 cents a share.
Shares of Whole Foods rose 5% a day after the company reported solid results after Wednesday’s closing bell and raised its outlook.
Other companies reporting Thursday include Priceline.com, Visa and insurance giant AIG
Also, retailers — including Target and Macy’s — reported a strong surge in April stores sales boosted by Easter purchases in the month. Shares of Macy’s rose more than 1% and Target’s stock also edged up.
On the economic front, the number of people filing first-time unemployment claims surged to 474,000 in the latest week — its highest total in eight months — according to a government report.
This week has centred around the ever-important monthly jobs report due out Friday morning.
Economists expect the unemployment rate to hold steady at 8.8%, with employers forecasted to add 185,000 jobs in April. For the full year, economists expect 2.3 million new jobs — just under 200,000 per month — and an unemployment rate of 8.4% by year end.
The price on the benchmark 10-year U.S. Treasury edged up a small amount, pushing the yield down to 3.19% from 3.22% late Wednesday. Treasury prices and yields move in opposite directions.
Oil for June delivery fell back $3.51 to $105.73 U.S. a barrel.
Gold futures for June delivery fell $14.40 to $1,500.90 U.S. 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 Markets getting pummeled by commodities plunge
VANCOUVER, BC – (May 5, 2011) Clearlease Reports Toronto’s main stock index continued its downward trek early Thursday, with a plunge in commodity prices likely to hit the resource-heavy market.
The S&P/TSX Composite Index went south 90.92 points to open at 13, 520.40
The Canadian dollar faded 0.73 cents to 103.53 cents U.S.
Among stocks to watch this morning, Penn West Petroleum Ltd. posted a nearly threefold rise in its first-quarter profit, helped by higher light oil and natural gas liquids prices.
Air Canada Inc. reported a narrower operating loss.
Alamos Gold Inc. posted a 15% rise in its first-quarter profit, but cut its full-year production forecast.
Lake Shore Gold Corp said it would acquire the Fenn-Gib gold project from Barrick Gold for $60 million in stock as part of its plans to double the size of its gold resource.
Sun Life Financial said on Wednesday its quarterly profit rose 5.8%, helped by a strong North American equity market performance that gave a boost to its investments.
On the economic front, Statistics Canada told Canadians the value of building permits in March zoomed 17% to $6.8 billion in March from the month before, to a near four-year high.
ON BAYSTREET
The TSX Venture Exchange retreated 33.42 points to 2,092.26 while the Nasdaq Canada index wilted 2.38 points to 689.31
In Toronto, all but one of the 14 subgroups suffered losses early Thursday. Energy stocks and metals and mining collapsed 1.8% each, while global base metals were 1.1% to the bad.
Only a 0.2% improvement by health-care stocks kept things from being unanimous.
ON WALLSTREET
In New York, stocks experienced a lower open after a report released Thursday morning showed continued weakness in the labour market.
The Dow Jones industrial average gave up 53.59 points in the early going to 12,670.
The S&P 500 was down 6.70 points to 1,340.62. The Nasdaq Composite Index slumped 5.53 points to 2,822.70
Stocks have been trending higher since the start of the year, but investors fear the economy is still on shaky ground.
Concerns over the looming debt ceiling facing Congress and Europe’s debt problems have also weighed on the market.
The European Central Bank and the Bank of England both left their key interest rates unchanged, as was widely expected.
Stocks ended in the red Wednesday, as disappointing reports on jobs and the service sector weighed on investors.
Detroit giant General Motors reported a first-quarter net profit of $3.2 billion U.S., its fifth consecutive profitable quarter. Shares fell 1% in premarket trade.
Dow component Kraft reports quarterly results on Thursday, with analysts expecting earnings of 47 cents a share.
Shares of Whole Foods rose 5% a day after the company reported solid results after Wednesday’s closing bell and raised its outlook.
Other companies reporting Thursday include Priceline.com, Visa and insurance giant AIG
Also, retailers — including Target and Macy’s — reported a strong surge in April stores sales boosted by Easter purchases in the month. Shares of Macy’s rose more than 1% and Target’s stock also edged up.
On the economic front, the number of people filing first-time unemployment claims surged to 474,000 in the latest week — its highest total in eight months — according to a government report.
This week has centred around the ever-important monthly jobs report due out Friday morning.
Economists expect the unemployment rate to hold steady at 8.8%, with employers forecasted to add 185,000 jobs in April. For the full year, economists expect 2.3 million new jobs — just under 200,000 per month — and an unemployment rate of 8.4% by year end.
The price on the benchmark 10-year U.S. Treasury edged up a small amount, pushing the yield down to 3.19% from 3.22% late Wednesday. Treasury prices and yields move in opposite directions.
Oil for June delivery fell back $3.51 to $105.73 U.S. a barrel.
Gold futures for June delivery fell $14.40 to $1,500.90 U.S. 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