Vancouver, B.C., Canada March 29, 2011 – Clearlease.com reports The Toronto stock market racked up a modest gain across most sectors late morning Tuesday while commodity prices recovered from early declines.
The S&P/TSX composite index gained 42.09 points to 13,934.82 led by the gold and telecom sectors, while the TSX Venture Exchange was off 0.82 of a point at 2,280.81.
The Canadian dollar gained 0.05 of a cent to 102.45 cents US as crude made slight inroads. Prices fell the last three sessions from two-year highs above US$106 last week after coalition bombing pushed back the forces of Moammar Gadhafi and allowed rebels to retake key oil ports.
The energy sector was up 0.16 per cent as the May crude contract on the New York Mercantile Exchange added 13 cents to US$104.11 a barrel. Canadian Natural Resources (TSX:CNQ) lost 40 cents to C$47.21 while Cenovus Energy (TSX:CVE) gained 88 cents to C$37.81.
The base metals sector edged up 0.33 per cent as copper prices stabilized with the May contract on the Nymex unchanged at US$4.35 a pound. Teck Resources (TSX:TCK.B) advanced 27 cents to C$51.77 while Taseko Mines (TSX:TKO) gained 11 cents to C$5.70.
The gold sector was ahead 0.75 per cent flat while the April bullion contract in New York inched up 20 cents to US$1,420.10 an ounce. Goldcorp Inc. (TSX:G) climbed 42 cents to C$47.76 while Eldorado Gold (TSX:ELD) rose 13 cents to C$15.62.
Gold producer Agnico-Eagle Mines (TSX:AEM) is lowering its forecast for production from its Meadowbank mine in the Nunavut Territory after a fire destroyed the kitchen and forced it to cut staffing levels. Production for the entire company is now forecast to be 1.08 million to 1.15 million ounces for the full year, down from 1.13 million to 1.23 million ounces estimated earlier. Its shares slipped 25 cents to $64.40.
The telecom sector was up 0.68 per cent with Telus Corp. (TSX:T) ahead 60 cents at $48.77.
Bank stocks were mainly higher as National Bank (TSX:NA) advanced 72 cents to $76.98 while Bank of Montreal (TSX:BMO) was ahead 55 cents at $62.61.
The higher showing on the TSX followed a 147-point tumble Monday as investors took profits from a strong gain of almost two per cent last week.
Markets have held up well over the last month since unrest in Libya turned into a civil war and the northeastern coast of Japan was hammered by an earthquake and tsunami, which in turn caused radioactive leaks from the a nuclear plant.
But that doesn’t translate into a feel good story for everybody.
“It just seems to me that investors, with stock prices being fairly priced, are maybe a little bit too optimistic about how good things are,” said John O’Connell, CEO of Davis Rea Ltd., who is uncomfortable with investors who think that these crises can’t have a dramatic impact on corporate profitability.
“Just because the market didn’t pancake, it doesn’t make me feel better. I’m impressed by the resiliency but it’s not making any progress either. And it really hasn’t made a lot of progress in the last month and a half.”
New York markets were higher despite a monthly survey which showed that soaring prices for gasoline and other household goods pulled down consumer confidence in March.
The Conference Board’s Consumer Confidence Index fell more than expected to 63.4 from a revised 72 in February. Economists had expected a decline to 65.4, according to FactSet.
The Dow Jones industrial average climbed 44.73 points to 12,242.61.
The Nasdaq composite index was ahead 19.11 points at 2,749.79 while the S&P 500 index was 3.52 points higher at 1,313.71.
Meanwhile, the Conference Board of Canada reported that consumer confidence reversed course sharply in March as its index fell to 83.7 from 89.3 in February. The board said that confidence was lower than it was in March 2010 but higher than the level of six months ago.
The board said that in the context of global events, particularly the volatility in oil prices as a result of unrest in the Middle East and North Africa, it is not surprised that Canadian consumer confidence fell in March.
Other data showed that the Standard & Poor’s/Case-Shiller 20-city home index showed price declines in 19 American cities from December to January. Eleven of them are at their lowest level since the housing bust.
Home values in Atlanta, Las Vegas, Detroit and Cleveland are now below January 2000 levels.
In corporate news, yoga clothing retailer Lululemon Athletica Inc. (TSX:LLL) said Monday that its board of directors had approved a two-for-one stock split and an increase in the company’s authorized common stock from 200 million to 400 million shares. Lululemon shares were up $3.17 at $86.49.
BioteQ Environmental Technologies Inc. (TSX:BQE) reported a $16.3-million net loss in the fourth quarter of 2010, or about 24 cents per share — resulting in an annual loss that’s more than triple what the company suffered in 2009. Its shares fell four cents to 80 cents.
Clearwater Seafoods LP (TSX:CLR.UN) units gained six cents to $1.39 as the company reported a fourth-quarter profit of $1 million on stronger sales results.
In overseas trading, Japan’s benchmark Nikkei 225 index closed down 0.2 per cent. China’s Shanghai Composite Index slipped 0.9 per cent and Hong Kong’s Hang Seng index was down slightly.
London’s FTSE 100 index edged up 0.12 per cent, Frankfurt’s DAX was off 0.42 per cent and the Paris CAC 40 index added 0.09 per cent.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
###
Vancouver, B.C., Canada March 29, 2011 – Clearlease.com reports The Toronto stock market racked up a modest gain across most sectors late morning Tuesday while commodity prices recovered from early declines.
The S&P/TSX composite index gained 42.09 points to 13,934.82 led by the gold and telecom sectors, while the TSX Venture Exchange was off 0.82 of a point at 2,280.81.
The Canadian dollar gained 0.05 of a cent to 102.45 cents US as crude made slight inroads. Prices fell the last three sessions from two-year highs above US$106 last week after coalition bombing pushed back the forces of Moammar Gadhafi and allowed rebels to retake key oil ports.
The energy sector was up 0.16 per cent as the May crude contract on the New York Mercantile Exchange added 13 cents to US$104.11 a barrel. Canadian Natural Resources (TSX:CNQ) lost 40 cents to C$47.21 while Cenovus Energy (TSX:CVE) gained 88 cents to C$37.81.
The base metals sector edged up 0.33 per cent as copper prices stabilized with the May contract on the Nymex unchanged at US$4.35 a pound. Teck Resources (TSX:TCK.B) advanced 27 cents to C$51.77 while Taseko Mines (TSX:TKO) gained 11 cents to C$5.70.
The gold sector was ahead 0.75 per cent flat while the April bullion contract in New York inched up 20 cents to US$1,420.10 an ounce. Goldcorp Inc. (TSX:G) climbed 42 cents to C$47.76 while Eldorado Gold (TSX:ELD) rose 13 cents to C$15.62.
Gold producer Agnico-Eagle Mines (TSX:AEM) is lowering its forecast for production from its Meadowbank mine in the Nunavut Territory after a fire destroyed the kitchen and forced it to cut staffing levels. Production for the entire company is now forecast to be 1.08 million to 1.15 million ounces for the full year, down from 1.13 million to 1.23 million ounces estimated earlier. Its shares slipped 25 cents to $64.40.
The telecom sector was up 0.68 per cent with Telus Corp. (TSX:T) ahead 60 cents at $48.77.
Bank stocks were mainly higher as National Bank (TSX:NA) advanced 72 cents to $76.98 while Bank of Montreal (TSX:BMO) was ahead 55 cents at $62.61.
The higher showing on the TSX followed a 147-point tumble Monday as investors took profits from a strong gain of almost two per cent last week.
Markets have held up well over the last month since unrest in Libya turned into a civil war and the northeastern coast of Japan was hammered by an earthquake and tsunami, which in turn caused radioactive leaks from the a nuclear plant.
But that doesn’t translate into a feel good story for everybody.
“It just seems to me that investors, with stock prices being fairly priced, are maybe a little bit too optimistic about how good things are,” said John O’Connell, CEO of Davis Rea Ltd., who is uncomfortable with investors who think that these crises can’t have a dramatic impact on corporate profitability.
“Just because the market didn’t pancake, it doesn’t make me feel better. I’m impressed by the resiliency but it’s not making any progress either. And it really hasn’t made a lot of progress in the last month and a half.”
New York markets were higher despite a monthly survey which showed that soaring prices for gasoline and other household goods pulled down consumer confidence in March.
The Conference Board’s Consumer Confidence Index fell more than expected to 63.4 from a revised 72 in February. Economists had expected a decline to 65.4, according to FactSet.
The Dow Jones industrial average climbed 44.73 points to 12,242.61.
The Nasdaq composite index was ahead 19.11 points at 2,749.79 while the S&P 500 index was 3.52 points higher at 1,313.71.
Meanwhile, the Conference Board of Canada reported that consumer confidence reversed course sharply in March as its index fell to 83.7 from 89.3 in February. The board said that confidence was lower than it was in March 2010 but higher than the level of six months ago.
The board said that in the context of global events, particularly the volatility in oil prices as a result of unrest in the Middle East and North Africa, it is not surprised that Canadian consumer confidence fell in March.
Other data showed that the Standard & Poor’s/Case-Shiller 20-city home index showed price declines in 19 American cities from December to January. Eleven of them are at their lowest level since the housing bust.
Home values in Atlanta, Las Vegas, Detroit and Cleveland are now below January 2000 levels.
In corporate news, yoga clothing retailer Lululemon Athletica Inc. (TSX:LLL) said Monday that its board of directors had approved a two-for-one stock split and an increase in the company’s authorized common stock from 200 million to 400 million shares. Lululemon shares were up $3.17 at $86.49.
BioteQ Environmental Technologies Inc. (TSX:BQE) reported a $16.3-million net loss in the fourth quarter of 2010, or about 24 cents per share — resulting in an annual loss that’s more than triple what the company suffered in 2009. Its shares fell four cents to 80 cents.
Clearwater Seafoods LP (TSX:CLR.UN) units gained six cents to $1.39 as the company reported a fourth-quarter profit of $1 million on stronger sales results.
In overseas trading, Japan’s benchmark Nikkei 225 index closed down 0.2 per cent. China’s Shanghai Composite Index slipped 0.9 per cent and Hong Kong’s Hang Seng index was down slightly.
London’s FTSE 100 index edged up 0.12 per cent, Frankfurt’s DAX was off 0.42 per cent and the Paris CAC 40 index added 0.09 per cent.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
###
Vancouver, B.C., Canada March 29, 2011 – Clearlease.com reports The Toronto stock market racked up a modest gain across most sectors late morning Tuesday while commodity prices recovered from early declines.
The S&P/TSX composite index gained 42.09 points to 13,934.82 led by the gold and telecom sectors, while the TSX Venture Exchange was off 0.82 of a point at 2,280.81.
The Canadian dollar gained 0.05 of a cent to 102.45 cents US as crude made slight inroads. Prices fell the last three sessions from two-year highs above US$106 last week after coalition bombing pushed back the forces of Moammar Gadhafi and allowed rebels to retake key oil ports.
The energy sector was up 0.16 per cent as the May crude contract on the New York Mercantile Exchange added 13 cents to US$104.11 a barrel. Canadian Natural Resources (TSX:CNQ) lost 40 cents to C$47.21 while Cenovus Energy (TSX:CVE) gained 88 cents to C$37.81.
The base metals sector edged up 0.33 per cent as copper prices stabilized with the May contract on the Nymex unchanged at US$4.35 a pound. Teck Resources (TSX:TCK.B) advanced 27 cents to C$51.77 while Taseko Mines (TSX:TKO) gained 11 cents to C$5.70.
The gold sector was ahead 0.75 per cent flat while the April bullion contract in New York inched up 20 cents to US$1,420.10 an ounce. Goldcorp Inc. (TSX:G) climbed 42 cents to C$47.76 while Eldorado Gold (TSX:ELD) rose 13 cents to C$15.62.
Gold producer Agnico-Eagle Mines (TSX:AEM) is lowering its forecast for production from its Meadowbank mine in the Nunavut Territory after a fire destroyed the kitchen and forced it to cut staffing levels. Production for the entire company is now forecast to be 1.08 million to 1.15 million ounces for the full year, down from 1.13 million to 1.23 million ounces estimated earlier. Its shares slipped 25 cents to $64.40.
The telecom sector was up 0.68 per cent with Telus Corp. (TSX:T) ahead 60 cents at $48.77.
Bank stocks were mainly higher as National Bank (TSX:NA) advanced 72 cents to $76.98 while Bank of Montreal (TSX:BMO) was ahead 55 cents at $62.61.
The higher showing on the TSX followed a 147-point tumble Monday as investors took profits from a strong gain of almost two per cent last week.
Markets have held up well over the last month since unrest in Libya turned into a civil war and the northeastern coast of Japan was hammered by an earthquake and tsunami, which in turn caused radioactive leaks from the a nuclear plant.
But that doesn’t translate into a feel good story for everybody.
“It just seems to me that investors, with stock prices being fairly priced, are maybe a little bit too optimistic about how good things are,” said John O’Connell, CEO of Davis Rea Ltd., who is uncomfortable with investors who think that these crises can’t have a dramatic impact on corporate profitability.
“Just because the market didn’t pancake, it doesn’t make me feel better. I’m impressed by the resiliency but it’s not making any progress either. And it really hasn’t made a lot of progress in the last month and a half.”
New York markets were higher despite a monthly survey which showed that soaring prices for gasoline and other household goods pulled down consumer confidence in March.
The Conference Board’s Consumer Confidence Index fell more than expected to 63.4 from a revised 72 in February. Economists had expected a decline to 65.4, according to FactSet.
The Dow Jones industrial average climbed 44.73 points to 12,242.61.
The Nasdaq composite index was ahead 19.11 points at 2,749.79 while the S&P 500 index was 3.52 points higher at 1,313.71.
Meanwhile, the Conference Board of Canada reported that consumer confidence reversed course sharply in March as its index fell to 83.7 from 89.3 in February. The board said that confidence was lower than it was in March 2010 but higher than the level of six months ago.
The board said that in the context of global events, particularly the volatility in oil prices as a result of unrest in the Middle East and North Africa, it is not surprised that Canadian consumer confidence fell in March.
Other data showed that the Standard & Poor’s/Case-Shiller 20-city home index showed price declines in 19 American cities from December to January. Eleven of them are at their lowest level since the housing bust.
Home values in Atlanta, Las Vegas, Detroit and Cleveland are now below January 2000 levels.
In corporate news, yoga clothing retailer Lululemon Athletica Inc. (TSX:LLL) said Monday that its board of directors had approved a two-for-one stock split and an increase in the company’s authorized common stock from 200 million to 400 million shares. Lululemon shares were up $3.17 at $86.49.
BioteQ Environmental Technologies Inc. (TSX:BQE) reported a $16.3-million net loss in the fourth quarter of 2010, or about 24 cents per share — resulting in an annual loss that’s more than triple what the company suffered in 2009. Its shares fell four cents to 80 cents.
Clearwater Seafoods LP (TSX:CLR.UN) units gained six cents to $1.39 as the company reported a fourth-quarter profit of $1 million on stronger sales results.
In overseas trading, Japan’s benchmark Nikkei 225 index closed down 0.2 per cent. China’s Shanghai Composite Index slipped 0.9 per cent and Hong Kong’s Hang Seng index was down slightly.
London’s FTSE 100 index edged up 0.12 per cent, Frankfurt’s DAX was off 0.42 per cent and the Paris CAC 40 index added 0.09 per cent.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
###