Loonie wavers against U.S. dollar – Dominion Lending Centres Clearlease
TORONTO – (April 26, 2011) Clearlease.com Reports the Canadian dollar moved lower against the U.S. dollar Monday as commodity prices backed off slightly.
The loonie was down 0.09 of a cent at 104.76 cents US as the greenback regained some lost ground against resource weighted currencies like the Canadian and Australian dollars.
Oil prices moved a penny lower to US$112.28 a barrel after trading above US$113 a barrel on the weekend. Gold prices gained $5.30 to US$1,509.10 an ounce, but off a morning high of more than US$1,519, while copper prices slipped 10 cents to US$4.30 a pound.
Strong commodities are partially being supported by news that China will shift some of its foreign exchange reserves into commodities. That has helped to support the Canadian dollar.
However, news reports on Sunday quoted China’s national planning agency as saying inflation will be about five per cent in the second quarter. Inflation is regarded as a chief threat to the global economic recovery and central banks are expected to make moves that could reduce the liquidity that has been supporting commodity prices.
Meanwhile, traders are awaiting Canadian Gross Domestic Product figures set to be released Friday and are also looking to see whether Canada’s Conservatives will gain a majority in the May 2 election.
“Markets do not tend to like political uncertainty, however, for (the loonie) the current election is likely to be net neutral or positive,” said Camilla Sutton, Scotiabank currency strategist.
Investors are also looking ahead to the Fed interest rate announcement on Wednesday. The U.S. central bank is universally expected to leave interest rates near zero for some time yet, one reason why the greenback got beaten up last week, along with Standard & Poor’s downgrade of its outlook for U.S. debt.
The U.S. dollar has steadily depreciated over the past five months, down five per cent against the Canadian dollar, largely on the back of diverging U.S. monetary policy, reassurance from Europe about sovereign debt levels, an ongoing global recovery and a decline in risk aversion.
Note to readers: This is a corrected story. A previous version misstated how much the Canadian dollar fell but had the closing value correct.
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.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
TORONTO – (April 26, 2011) Clearlease.com Reports the Canadian dollar moved lower against the U.S. dollar Monday as commodity prices backed off slightly.
The loonie was down 0.09 of a cent at 104.76 cents US as the greenback regained some lost ground against resource weighted currencies like the Canadian and Australian dollars.
Oil prices moved a penny lower to US$112.28 a barrel after trading above US$113 a barrel on the weekend. Gold prices gained $5.30 to US$1,509.10 an ounce, but off a morning high of more than US$1,519, while copper prices slipped 10 cents to US$4.30 a pound.
Strong commodities are partially being supported by news that China will shift some of its foreign exchange reserves into commodities. That has helped to support the Canadian dollar.
However, news reports on Sunday quoted China’s national planning agency as saying inflation will be about five per cent in the second quarter. Inflation is regarded as a chief threat to the global economic recovery and central banks are expected to make moves that could reduce the liquidity that has been supporting commodity prices.
Meanwhile, traders are awaiting Canadian Gross Domestic Product figures set to be released Friday and are also looking to see whether Canada’s Conservatives will gain a majority in the May 2 election.
“Markets do not tend to like political uncertainty, however, for (the loonie) the current election is likely to be net neutral or positive,” said Camilla Sutton, Scotiabank currency strategist.
Investors are also looking ahead to the Fed interest rate announcement on Wednesday. The U.S. central bank is universally expected to leave interest rates near zero for some time yet, one reason why the greenback got beaten up last week, along with Standard & Poor’s downgrade of its outlook for U.S. debt.
The U.S. dollar has steadily depreciated over the past five months, down five per cent against the Canadian dollar, largely on the back of diverging U.S. monetary policy, reassurance from Europe about sovereign debt levels, an ongoing global recovery and a decline in risk aversion.
Note to readers: This is a corrected story. A previous version misstated how much the Canadian dollar fell but had the closing value correct.
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.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Loonie wavers against U.S. dollar – Dominion Lending Centres Clearlease
TORONTO – (April 26, 2011) Clearlease.com Reports the Canadian dollar moved lower against the U.S. dollar Monday as commodity prices backed off slightly.
The loonie was down 0.09 of a cent at 104.76 cents US as the greenback regained some lost ground against resource weighted currencies like the Canadian and Australian dollars.
Oil prices moved a penny lower to US$112.28 a barrel after trading above US$113 a barrel on the weekend. Gold prices gained $5.30 to US$1,509.10 an ounce, but off a morning high of more than US$1,519, while copper prices slipped 10 cents to US$4.30 a pound.
Strong commodities are partially being supported by news that China will shift some of its foreign exchange reserves into commodities. That has helped to support the Canadian dollar.
However, news reports on Sunday quoted China’s national planning agency as saying inflation will be about five per cent in the second quarter. Inflation is regarded as a chief threat to the global economic recovery and central banks are expected to make moves that could reduce the liquidity that has been supporting commodity prices.
Meanwhile, traders are awaiting Canadian Gross Domestic Product figures set to be released Friday and are also looking to see whether Canada’s Conservatives will gain a majority in the May 2 election.
“Markets do not tend to like political uncertainty, however, for (the loonie) the current election is likely to be net neutral or positive,” said Camilla Sutton, Scotiabank currency strategist.
Investors are also looking ahead to the Fed interest rate announcement on Wednesday. The U.S. central bank is universally expected to leave interest rates near zero for some time yet, one reason why the greenback got beaten up last week, along with Standard & Poor’s downgrade of its outlook for U.S. debt.
The U.S. dollar has steadily depreciated over the past five months, down five per cent against the Canadian dollar, largely on the back of diverging U.S. monetary policy, reassurance from Europe about sovereign debt levels, an ongoing global recovery and a decline in risk aversion.
Note to readers: This is a corrected story. A previous version misstated how much the Canadian dollar fell but had the closing value correct.
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.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###