Dominion Lending Centres Clearlease Reports Toronto Stock Market (TSX) little changed, investors discouraged by U.S. jobs data
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports The Toronto stock market was off to a flat start to the trading week as oil prices drifted lower after Friday’s disappointing read on U.S. employment raised more doubts about the strength of the U.S. economic rebound Monday June 6, 2011.
The S&P /TSX composite index inched up 4.91 points to 13,522.83 while the TSX Venture Exchange declined 4.77 points to 2,050.84.
Falling oil helped push the Canadian dollar down 0.06 of a cent to 102.16 cents US.
The loonie also dipped amid indications of a slowing housing sector as Statistics Canada reported that the value of building permits fell 21.1 per cent to $5.3 billion in April after increases in February and March. The non-residential and residential sectors both declined in April, with Ontario posting the largest decrease.
Indications of slower U.S. growth depressed crude prices for a second day after the U.S. Labour Department reported Friday that the U.S. economy generated only 54,000 jobs during May, a third of what was anticipated. The data prompted renewed speculation that the U.S. Federal Reserve will maintain interest rates near zero per cent for longer than previously anticipated.
Investors also worry that the loss of momentum in the U.S. is being echoed elsewhere, particularly in China where authorities are trying to slow the economy in order to deal with high inflation, particularly high food prices.
The TSX energy sector was slightly lower as the July crude contract on the New York Mercantile Exchange declined 34 cents to US$99.88 a barrel. Canadian Natural Resources (TSX:CNQ) gained 26 cents to $41.01.
Cenovus Energy Inc. (TSX:CVE) plans to accelerate oil project development over the next decade, investing an average of up to $3.5 billion a year as it seeks to increase production to about 500,000 barrels per day by the end of 2021. Its shares were down seven cents to $34.89.
Mining stocks led TSX advancers as base metal prices advanced with the July copper contract on the Nymex ahead two cents at US$4.16 a pound. The base metals sector was ahead 0.2 per cent as Quadra FNX Mining (TSX:QUX) edged up six cents to $14.14.
Worries about the global economy pushed gold higher for a second day and the August bullion contract rose $3 to US$1,544.70 an ounce. The gold sector was up 0.23 per cent and Kinross Gold Corp. (TSX:K) rose six cents to $15.63.
New York markets also drifted lower with the Dow Jones industrials down 6.24 points to 12,145.02.
The Nasdaq composite index climbed 3.27 points to 2,736.05 while the S&P 500 index was off 1.12 points to 1,299.04.
On the corporate front, Sino-Forest Corp. (TSX:TRE) said it has hired an independent law firm to address “inaccurate, spurious and defamatory” allegations by Muddy Waters Research that it has wildly exaggerated its assets and fabricated sales transactions. Shares in the owner and manager of tree plantations in China plunged 73 per cent last week in the wake of the report but on Monday morning they revived considerably, running up $2.15 or 41 per cent to $7.38.
Five per cent more passengers travelled on Air Canada (TSX:AC.B) jets in May compared to the same month a year earlier, while competitor WestJet (TSX:WJA) saw a 3.1 per cent year-over-year increase as the major airlines gear up for the busy summer travel period. Air Canada shares were unchanged at $2.15 while WestJet dipped five cents to $15.20.
Tim Hortons Inc. (TSX:THI) has come to an agreement with former president and CEO Don Schroeder that will have him stay with the company for at least the next two years as adviser for the company’s sustainable farming partnership. Its shares were unchanged at $44.47.
Compton Petroleum Corp. (TSX:CMT), a Calgary-based oil and natural gas company, has struck a deal to reduce its debt, raise $50 million in new financing and consolidate its existing common shares on a 200-for-one basis. Its shares tumbled seven cents or 31 per cent to 15.5 cents.
Earlier in Asia, Japan ’s Nikkei 225 stock average slid 1.2 per cent with shares of Tokyo Electric Power Co., the Japanese utility battling to bring a crippled nuclear power plant under control, plunging 28 per cent.
The tumble came a day after TEPCO acknowledged that 1,500 more tons of radioactive water were being moved into temporary storage at its Fukushima Dai-ichi nuclear power plant in an attempt to prevent a massive spill of contaminated water into the environment.
Markets in Hong Kong , South Korea , Taiwan, New Zealand and mainland China were closed for holidays.
European indexes were mixed as London’s FTSE 100 index gained 0.31 per cent, the Frankfurt DAX was off 0.04 per cent and the Paris CAC 40 declined 0.63 per cent.
Video Link: http://youtu.be/f_kk7WJa7Uk
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 (June 6, 2011) Dominion Lending Centres Clearlease Reports The Toronto stock market was off to a flat start to the trading week as oil prices drifted lower after Friday’s disappointing read on U.S. employment raised more doubts about the strength of the U.S. economic rebound Monday June 6, 2011.
The S&P /TSX composite index inched up 4.91 points to 13,522.83 while the TSX Venture Exchange declined 4.77 points to 2,050.84.
Falling oil helped push the Canadian dollar down 0.06 of a cent to 102.16 cents US.
The loonie also dipped amid indications of a slowing housing sector as Statistics Canada reported that the value of building permits fell 21.1 per cent to $5.3 billion in April after increases in February and March. The non-residential and residential sectors both declined in April, with Ontario posting the largest decrease.
Indications of slower U.S. growth depressed crude prices for a second day after the U.S. Labour Department reported Friday that the U.S. economy generated only 54,000 jobs during May, a third of what was anticipated. The data prompted renewed speculation that the U.S. Federal Reserve will maintain interest rates near zero per cent for longer than previously anticipated.
Investors also worry that the loss of momentum in the U.S. is being echoed elsewhere, particularly in China where authorities are trying to slow the economy in order to deal with high inflation, particularly high food prices.
The TSX energy sector was slightly lower as the July crude contract on the New York Mercantile Exchange declined 34 cents to US$99.88 a barrel. Canadian Natural Resources (TSX:CNQ) gained 26 cents to $41.01.
Cenovus Energy Inc. (TSX:CVE) plans to accelerate oil project development over the next decade, investing an average of up to $3.5 billion a year as it seeks to increase production to about 500,000 barrels per day by the end of 2021. Its shares were down seven cents to $34.89.
Mining stocks led TSX advancers as base metal prices advanced with the July copper contract on the Nymex ahead two cents at US$4.16 a pound. The base metals sector was ahead 0.2 per cent as Quadra FNX Mining (TSX:QUX) edged up six cents to $14.14.
Worries about the global economy pushed gold higher for a second day and the August bullion contract rose $3 to US$1,544.70 an ounce. The gold sector was up 0.23 per cent and Kinross Gold Corp. (TSX:K) rose six cents to $15.63.
New York markets also drifted lower with the Dow Jones industrials down 6.24 points to 12,145.02.
The Nasdaq composite index climbed 3.27 points to 2,736.05 while the S&P 500 index was off 1.12 points to 1,299.04.
On the corporate front, Sino-Forest Corp. (TSX:TRE) said it has hired an independent law firm to address “inaccurate, spurious and defamatory” allegations by Muddy Waters Research that it has wildly exaggerated its assets and fabricated sales transactions. Shares in the owner and manager of tree plantations in China plunged 73 per cent last week in the wake of the report but on Monday morning they revived considerably, running up $2.15 or 41 per cent to $7.38.
Five per cent more passengers travelled on Air Canada (TSX:AC.B) jets in May compared to the same month a year earlier, while competitor WestJet (TSX:WJA) saw a 3.1 per cent year-over-year increase as the major airlines gear up for the busy summer travel period. Air Canada shares were unchanged at $2.15 while WestJet dipped five cents to $15.20.
Tim Hortons Inc. (TSX:THI) has come to an agreement with former president and CEO Don Schroeder that will have him stay with the company for at least the next two years as adviser for the company’s sustainable farming partnership. Its shares were unchanged at $44.47.
Compton Petroleum Corp. (TSX:CMT), a Calgary-based oil and natural gas company, has struck a deal to reduce its debt, raise $50 million in new financing and consolidate its existing common shares on a 200-for-one basis. Its shares tumbled seven cents or 31 per cent to 15.5 cents.
Earlier in Asia, Japan ’s Nikkei 225 stock average slid 1.2 per cent with shares of Tokyo Electric Power Co., the Japanese utility battling to bring a crippled nuclear power plant under control, plunging 28 per cent.
The tumble came a day after TEPCO acknowledged that 1,500 more tons of radioactive water were being moved into temporary storage at its Fukushima Dai-ichi nuclear power plant in an attempt to prevent a massive spill of contaminated water into the environment.
Markets in Hong Kong , South Korea , Taiwan, New Zealand and mainland China were closed for holidays.
European indexes were mixed as London’s FTSE 100 index gained 0.31 per cent, the Frankfurt DAX was off 0.04 per cent and the Paris CAC 40 declined 0.63 per cent.
Video Link: http://youtu.be/f_kk7WJa7Uk
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 Toronto Stock Market (TSX) little changed, investors discouraged by U.S. jobs data
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports The Toronto stock market was off to a flat start to the trading week as oil prices drifted lower after Friday’s disappointing read on U.S. employment raised more doubts about the strength of the U.S. economic rebound Monday June 6, 2011.
The S&P /TSX composite index inched up 4.91 points to 13,522.83 while the TSX Venture Exchange declined 4.77 points to 2,050.84.
Falling oil helped push the Canadian dollar down 0.06 of a cent to 102.16 cents US.
The loonie also dipped amid indications of a slowing housing sector as Statistics Canada reported that the value of building permits fell 21.1 per cent to $5.3 billion in April after increases in February and March. The non-residential and residential sectors both declined in April, with Ontario posting the largest decrease.
Indications of slower U.S. growth depressed crude prices for a second day after the U.S. Labour Department reported Friday that the U.S. economy generated only 54,000 jobs during May, a third of what was anticipated. The data prompted renewed speculation that the U.S. Federal Reserve will maintain interest rates near zero per cent for longer than previously anticipated.
Investors also worry that the loss of momentum in the U.S. is being echoed elsewhere, particularly in China where authorities are trying to slow the economy in order to deal with high inflation, particularly high food prices.
The TSX energy sector was slightly lower as the July crude contract on the New York Mercantile Exchange declined 34 cents to US$99.88 a barrel. Canadian Natural Resources (TSX:CNQ) gained 26 cents to $41.01.
Cenovus Energy Inc. (TSX:CVE) plans to accelerate oil project development over the next decade, investing an average of up to $3.5 billion a year as it seeks to increase production to about 500,000 barrels per day by the end of 2021. Its shares were down seven cents to $34.89.
Mining stocks led TSX advancers as base metal prices advanced with the July copper contract on the Nymex ahead two cents at US$4.16 a pound. The base metals sector was ahead 0.2 per cent as Quadra FNX Mining (TSX:QUX) edged up six cents to $14.14.
Worries about the global economy pushed gold higher for a second day and the August bullion contract rose $3 to US$1,544.70 an ounce. The gold sector was up 0.23 per cent and Kinross Gold Corp. (TSX:K) rose six cents to $15.63.
New York markets also drifted lower with the Dow Jones industrials down 6.24 points to 12,145.02.
The Nasdaq composite index climbed 3.27 points to 2,736.05 while the S&P 500 index was off 1.12 points to 1,299.04.
On the corporate front, Sino-Forest Corp. (TSX:TRE) said it has hired an independent law firm to address “inaccurate, spurious and defamatory” allegations by Muddy Waters Research that it has wildly exaggerated its assets and fabricated sales transactions. Shares in the owner and manager of tree plantations in China plunged 73 per cent last week in the wake of the report but on Monday morning they revived considerably, running up $2.15 or 41 per cent to $7.38.
Five per cent more passengers travelled on Air Canada (TSX:AC.B) jets in May compared to the same month a year earlier, while competitor WestJet (TSX:WJA) saw a 3.1 per cent year-over-year increase as the major airlines gear up for the busy summer travel period. Air Canada shares were unchanged at $2.15 while WestJet dipped five cents to $15.20.
Tim Hortons Inc. (TSX:THI) has come to an agreement with former president and CEO Don Schroeder that will have him stay with the company for at least the next two years as adviser for the company’s sustainable farming partnership. Its shares were unchanged at $44.47.
Compton Petroleum Corp. (TSX:CMT), a Calgary-based oil and natural gas company, has struck a deal to reduce its debt, raise $50 million in new financing and consolidate its existing common shares on a 200-for-one basis. Its shares tumbled seven cents or 31 per cent to 15.5 cents.
Earlier in Asia, Japan ’s Nikkei 225 stock average slid 1.2 per cent with shares of Tokyo Electric Power Co., the Japanese utility battling to bring a crippled nuclear power plant under control, plunging 28 per cent.
The tumble came a day after TEPCO acknowledged that 1,500 more tons of radioactive water were being moved into temporary storage at its Fukushima Dai-ichi nuclear power plant in an attempt to prevent a massive spill of contaminated water into the environment.
Markets in Hong Kong , South Korea , Taiwan, New Zealand and mainland China were closed for holidays.
European indexes were mixed as London’s FTSE 100 index gained 0.31 per cent, the Frankfurt DAX was off 0.04 per cent and the Paris CAC 40 declined 0.63 per cent.
Video Link: http://youtu.be/f_kk7WJa7Uk
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