Dominion Lending Centres Clearlease Reports TSX to fall on soft resources, election drama over
VANCOUVER, BRITISH COLUMBIA – (May 3, 2011) Clearlease Reports Toronto’s main stock market looked set to open lower on softer commodity prices on Tuesday, although a crushing election victory by the ruling Conservatives removed a hurdle of uncertainty that has weighed on the market.
Canadian equity futures suggested a soft open as commodity prices such as crude oil and copper were lower, a drag for the resource-heavy main index.
Still, investors were cheered by the Conservative win. The party, which has ruled as a minority government since 2006, now has a clear majority mandate to govern for four years. It is seen as a supportive outcome for Bay Street, and one that will likely see more business-friendly policies take effect.
For instance, the Conservatives have promised to cut the federal corporate tax rate to 15 percent in 2012 from 16.5 percent now, a policy that had been opposed by the opposition Liberals and New Democrats.
“By getting a clear majority in the Parliament, markets are able to handicap investment opportunities better,” said Stephen Wood, chief investment strategist for North America at Russell Investments in New York, noting that energy shares will probably get a boost, as will tax-sensitive and interest-rate sensitive sectors.
“The outcome of this election gives certainty for a policy continuity and it allows fundamentals to drive investments more.”
The main stock market traded cautiously in the final week of the election campaign with analysts attributing some of the retreat to wariness inspired by the surge of the left-leaning New Democratic Party in public opinion polls.
A shift in the political landscape did come to fruition as the NDP were installed as the official opposition party nationally for the first time ever, unseating the Liberals who moved to third place for the first time in its history.
“Despite the uncertainty, we didn’t see any dramatic selloffs so possibly there’s going to be a relief rally of sorts, but it’s going to muted by the fact that we didn’t have a steep selloff to begin with,” said Elvis Picardo, analyst and strategist at Global Securities in Vancouver.
The Toronto Stock Exchange’s S&P/TSX composite index finished Monday’s session down 10.28 points, or 0.07 percent at 13,934.51 after rising more than 1 percent to as high as 14,089.10, its strongest level since April 11.
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, BRITISH COLUMBIA – (May 3, 2011) Clearlease Reports Toronto’s main stock market looked set to open lower on softer commodity prices on Tuesday, although a crushing election victory by the ruling Conservatives removed a hurdle of uncertainty that has weighed on the market.
Canadian equity futures suggested a soft open as commodity prices such as crude oil and copper were lower, a drag for the resource-heavy main index.
Still, investors were cheered by the Conservative win. The party, which has ruled as a minority government since 2006, now has a clear majority mandate to govern for four years. It is seen as a supportive outcome for Bay Street, and one that will likely see more business-friendly policies take effect.
For instance, the Conservatives have promised to cut the federal corporate tax rate to 15 percent in 2012 from 16.5 percent now, a policy that had been opposed by the opposition Liberals and New Democrats.
“By getting a clear majority in the Parliament, markets are able to handicap investment opportunities better,” said Stephen Wood, chief investment strategist for North America at Russell Investments in New York, noting that energy shares will probably get a boost, as will tax-sensitive and interest-rate sensitive sectors.
“The outcome of this election gives certainty for a policy continuity and it allows fundamentals to drive investments more.”
The main stock market traded cautiously in the final week of the election campaign with analysts attributing some of the retreat to wariness inspired by the surge of the left-leaning New Democratic Party in public opinion polls.
A shift in the political landscape did come to fruition as the NDP were installed as the official opposition party nationally for the first time ever, unseating the Liberals who moved to third place for the first time in its history.
“Despite the uncertainty, we didn’t see any dramatic selloffs so possibly there’s going to be a relief rally of sorts, but it’s going to muted by the fact that we didn’t have a steep selloff to begin with,” said Elvis Picardo, analyst and strategist at Global Securities in Vancouver.
The Toronto Stock Exchange’s S&P/TSX composite index finished Monday’s session down 10.28 points, or 0.07 percent at 13,934.51 after rising more than 1 percent to as high as 14,089.10, its strongest level since April 11.
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 TSX to fall on soft resources, election drama over
VANCOUVER, BRITISH COLUMBIA – (May 3, 2011) Clearlease Reports Toronto’s main stock market looked set to open lower on softer commodity prices on Tuesday, although a crushing election victory by the ruling Conservatives removed a hurdle of uncertainty that has weighed on the market.
Canadian equity futures suggested a soft open as commodity prices such as crude oil and copper were lower, a drag for the resource-heavy main index.
Still, investors were cheered by the Conservative win. The party, which has ruled as a minority government since 2006, now has a clear majority mandate to govern for four years. It is seen as a supportive outcome for Bay Street, and one that will likely see more business-friendly policies take effect.
For instance, the Conservatives have promised to cut the federal corporate tax rate to 15 percent in 2012 from 16.5 percent now, a policy that had been opposed by the opposition Liberals and New Democrats.
“By getting a clear majority in the Parliament, markets are able to handicap investment opportunities better,” said Stephen Wood, chief investment strategist for North America at Russell Investments in New York, noting that energy shares will probably get a boost, as will tax-sensitive and interest-rate sensitive sectors.
“The outcome of this election gives certainty for a policy continuity and it allows fundamentals to drive investments more.”
The main stock market traded cautiously in the final week of the election campaign with analysts attributing some of the retreat to wariness inspired by the surge of the left-leaning New Democratic Party in public opinion polls.
A shift in the political landscape did come to fruition as the NDP were installed as the official opposition party nationally for the first time ever, unseating the Liberals who moved to third place for the first time in its history.
“Despite the uncertainty, we didn’t see any dramatic selloffs so possibly there’s going to be a relief rally of sorts, but it’s going to muted by the fact that we didn’t have a steep selloff to begin with,” said Elvis Picardo, analyst and strategist at Global Securities in Vancouver.
The Toronto Stock Exchange’s S&P/TSX composite index finished Monday’s session down 10.28 points, or 0.07 percent at 13,934.51 after rising more than 1 percent to as high as 14,089.10, its strongest level since April 11.
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