Dominion Lending Centres Clearlease Reports TSX heads for positive open, solid U.S. jobs data sends commodities higher
VANCOUVER, BC – (May 9, 2011) Clearlease Reports The Toronto stock market headed for a stronger open Monday as a positive American employment report helped commodity prices claw back some of last week’s steep losses while investors took in major acquisition news from the retail sector.
Canadian Tire (TSX:CTC.A) is buying Forzani Group Ltd. (TSX:FGL), the company behind major sporting goods retailers like Sport Chek and Athletes World in a deal worth $771 million. The transaction is valued at $26.50 per share, which is a 50 per cent premium on the closing price of Forzani’s stock on Friday.
Higher prices for oil and copper helped push the Canadian dollar up 0.34 of a cent to 103.75 cents US.
U.S. futures pointed to a solid open after data on Friday showed that the U.S. economy created 268,000 jobs in April, the most since February 2006. Taking into account job cuts of government workers, the economy added a total of 244,000 jobs overall last month, well above the 185,000 jobs that analysts had predicted and easing worries that the economic recovery was faltering.
The Dow Jones industrial futures rose 49 points to 12,618, the Nasdaq futures gained 14.50 points to 2,388 while the S&P 500 futures were up 4.2 points to 1,338.8.
Oil prices jumped as improved hopes over the U.S. economic recovery helped lower fears of much lower demand for such products. The June crude contract on the New York Mercantile Exchange climbed $2.92 to US$100.10 a barrel after plunging almost US$17 or 14 per cent last week.
Other commodities advanced as the June gold contract on the Nymex rose $13.70 to US$1,505.30 an ounce while the July copper contract in New York was up seven cents to US$4.05 a pound.
Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery. The selloff helped send the TSX down 2.7 per cent last week, leaving the main index up about 100 points from where it started 2011.
In earnings news, Silver Wheaton Corp. (TSX:SLW) said first-quarter net earnings grew 142 per cent to US$122.2 million from $50.6 million a year earlier. Revenue jumped to a record $158.2 million from $85.9 million.
Earlier in Asia, Hong Kong’s Hang Seng rose 0.8 per cent while Australia’s S&P/ASX 200 added 0.3 per cent.
But Japan’s Nikkei 225 stock average fell 0.7 per cent.
Mainland Chinese shares edged higher as investors snapped up bargains after last week’s big losses.
The benchmark Shanghai Composite Index gained 0.3 per cent and the Shenzhen Composite Index gained 0.7 per cent.
European bourses were lower as investors fretted over whether Greece will need a second financial bailout in just over a year.
EU officials this weekend acknowledged that Greece may need more help. Many investors, however, think that a restructuring of Greece’s debt is inevitable. That would mean holders of Greek bonds will have to accept that the value of their assets are not what they thought they were when they first bought them.
London’s FTSE 100 index declined 0.55 per cent, Frankfurt’s DAX was down 0.93 per cent and the Paris CAC 40 was off 1.04 per cent.
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 9, 2011) Clearlease Reports The Toronto stock market headed for a stronger open Monday as a positive American employment report helped commodity prices claw back some of last week’s steep losses while investors took in major acquisition news from the retail sector.
Canadian Tire (TSX:CTC.A) is buying Forzani Group Ltd. (TSX:FGL), the company behind major sporting goods retailers like Sport Chek and Athletes World in a deal worth $771 million. The transaction is valued at $26.50 per share, which is a 50 per cent premium on the closing price of Forzani’s stock on Friday.
Higher prices for oil and copper helped push the Canadian dollar up 0.34 of a cent to 103.75 cents US.
U.S. futures pointed to a solid open after data on Friday showed that the U.S. economy created 268,000 jobs in April, the most since February 2006. Taking into account job cuts of government workers, the economy added a total of 244,000 jobs overall last month, well above the 185,000 jobs that analysts had predicted and easing worries that the economic recovery was faltering.
The Dow Jones industrial futures rose 49 points to 12,618, the Nasdaq futures gained 14.50 points to 2,388 while the S&P 500 futures were up 4.2 points to 1,338.8.
Oil prices jumped as improved hopes over the U.S. economic recovery helped lower fears of much lower demand for such products. The June crude contract on the New York Mercantile Exchange climbed $2.92 to US$100.10 a barrel after plunging almost US$17 or 14 per cent last week.
Other commodities advanced as the June gold contract on the Nymex rose $13.70 to US$1,505.30 an ounce while the July copper contract in New York was up seven cents to US$4.05 a pound.
Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery. The selloff helped send the TSX down 2.7 per cent last week, leaving the main index up about 100 points from where it started 2011.
In earnings news, Silver Wheaton Corp. (TSX:SLW) said first-quarter net earnings grew 142 per cent to US$122.2 million from $50.6 million a year earlier. Revenue jumped to a record $158.2 million from $85.9 million.
Earlier in Asia, Hong Kong’s Hang Seng rose 0.8 per cent while Australia’s S&P/ASX 200 added 0.3 per cent.
But Japan’s Nikkei 225 stock average fell 0.7 per cent.
Mainland Chinese shares edged higher as investors snapped up bargains after last week’s big losses.
The benchmark Shanghai Composite Index gained 0.3 per cent and the Shenzhen Composite Index gained 0.7 per cent.
European bourses were lower as investors fretted over whether Greece will need a second financial bailout in just over a year.
EU officials this weekend acknowledged that Greece may need more help. Many investors, however, think that a restructuring of Greece’s debt is inevitable. That would mean holders of Greek bonds will have to accept that the value of their assets are not what they thought they were when they first bought them.
London’s FTSE 100 index declined 0.55 per cent, Frankfurt’s DAX was down 0.93 per cent and the Paris CAC 40 was off 1.04 per cent.
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 heads for positive open, solid U.S. jobs data sends commodities higher
VANCOUVER, BC – (May 9, 2011) Clearlease Reports The Toronto stock market headed for a stronger open Monday as a positive American employment report helped commodity prices claw back some of last week’s steep losses while investors took in major acquisition news from the retail sector.
Canadian Tire (TSX:CTC.A) is buying Forzani Group Ltd. (TSX:FGL), the company behind major sporting goods retailers like Sport Chek and Athletes World in a deal worth $771 million. The transaction is valued at $26.50 per share, which is a 50 per cent premium on the closing price of Forzani’s stock on Friday.
Higher prices for oil and copper helped push the Canadian dollar up 0.34 of a cent to 103.75 cents US.
U.S. futures pointed to a solid open after data on Friday showed that the U.S. economy created 268,000 jobs in April, the most since February 2006. Taking into account job cuts of government workers, the economy added a total of 244,000 jobs overall last month, well above the 185,000 jobs that analysts had predicted and easing worries that the economic recovery was faltering.
The Dow Jones industrial futures rose 49 points to 12,618, the Nasdaq futures gained 14.50 points to 2,388 while the S&P 500 futures were up 4.2 points to 1,338.8.
Oil prices jumped as improved hopes over the U.S. economic recovery helped lower fears of much lower demand for such products. The June crude contract on the New York Mercantile Exchange climbed $2.92 to US$100.10 a barrel after plunging almost US$17 or 14 per cent last week.
Other commodities advanced as the June gold contract on the Nymex rose $13.70 to US$1,505.30 an ounce while the July copper contract in New York was up seven cents to US$4.05 a pound.
Commodity prices tumbled last week amid higher margin levels for silver and worries about the pace of the economic recovery. The selloff helped send the TSX down 2.7 per cent last week, leaving the main index up about 100 points from where it started 2011.
In earnings news, Silver Wheaton Corp. (TSX:SLW) said first-quarter net earnings grew 142 per cent to US$122.2 million from $50.6 million a year earlier. Revenue jumped to a record $158.2 million from $85.9 million.
Earlier in Asia, Hong Kong’s Hang Seng rose 0.8 per cent while Australia’s S&P/ASX 200 added 0.3 per cent.
But Japan’s Nikkei 225 stock average fell 0.7 per cent.
Mainland Chinese shares edged higher as investors snapped up bargains after last week’s big losses.
The benchmark Shanghai Composite Index gained 0.3 per cent and the Shenzhen Composite Index gained 0.7 per cent.
European bourses were lower as investors fretted over whether Greece will need a second financial bailout in just over a year.
EU officials this weekend acknowledged that Greece may need more help. Many investors, however, think that a restructuring of Greece’s debt is inevitable. That would mean holders of Greek bonds will have to accept that the value of their assets are not what they thought they were when they first bought them.
London’s FTSE 100 index declined 0.55 per cent, Frankfurt’s DAX was down 0.93 per cent and the Paris CAC 40 was off 1.04 per cent.
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