TSX May Open Higher Amid Earnings, Firm Commodities – Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 27, 2011) Clearlease Reports Canadian stocks are poised for higher open Wednesday amid firm commodities and mixed cues from the global equity markets. Global stocks were mixed overnight as traders were cautious ahead of the FOMC rate decision and the new projections awaited from Bernanke later today.
U.S. stock futures were pointing to a higher open amid encouraging earnings reports.
ConocoPhillips posted higher first-quarter earnings of $3.0 billion or $2.09 per share and aerospace giant Boeing Co. said its first quarter profit improved 13 percent from last year.
Global oil giant BP Plc posted first quarter profit of $7.12 billion or 37.42 cents per share, compared to $6.08 billion or 31.99 cents per share last year.
On Tuesday, the S&P/TSX Composite Index ended flat, adding 1.78 points or 0.01 percent to 13,909.10.
The price of crude oil edged down Wednesday morning as traders await cues from the official inventories data from the EIA, the FOMC rate decision and the new projections from Bernanke today. Today during trading hours, the EIA will release its U.S. crude oil inventories report for the week ended April 22. Analysts expect crude oil inventories to increase by 1.50 million barrels, while gasoline stocks are seen easing 1.00 million barrels last week.
Crude for June inched down $0.02 to $112.19 a barrel
The price of gold was hovering near its record peak as the dollar was trading mixed ahead of the U.S. Federal Reserve’s interest rate announcement. Gold for June bounced back $4.90 to $1,508.40 an ounce.
In corporate news from Canada, integrated transportation company CN Rail reported improved first-quarter net income of C$668 million or C$1.45 per share compared to C$511 million or C$1.08 per share in the prior-year period. On an adjusted basis, net income increased to C$414 million or C$0.90 per share from C$380 million or C$0.80 per share a year ago. Analysts were expecting the company to report earnings of $0.88 per share for the quarter.
Communications and media company Rogers Communications said its first quarter net income declined to C$335 million or C$0.60 per share from C$368 million or C$0.62 per share for the year-ago quarter. Nonetheless, adjusted net income rose to C$423 million or C$0.76 per share from C$397 million or C$0.67 per share for the year-ago quarter. Analysts were expecting the company to report earnings of $0.71 per share for the quarter.
Nexen Inc. reported first quarter net income of C$202 million or C$0.38 per share, higher than C$141 million or C$0.26 per share last year.
Oil sands producer Cenovus Energy reported a 91 percent drop in its first quarter profits as it booked higher after-tax hedging losses and faced other expenses. Net income dropped to $47 million or $0.06 from $525 million or $0.70 reported a year ago.
Gold miner Barrick Gold posted first quarter net income of $1 billion or $1.00 per share, compared to $820 million or $0.82 per share last year. Adjusted net earnings increased to $1.0 billion or $1.01 per basic share from $763 million or $0.78 per basic share last year.
In economic news from south of the border, the U.S. Commerce Department said durable goods orders surged up by 2.5 percent in March following a revised 0.7 percent increase in February. Economists had expected orders to increase by 1.9 percent compared to the 0.9 percent drop that had been reported for the previous month.
The FOMC is scheduled to release its post-meeting policy statement at 12:30 p.m.ET. Central bank Chairman Ben Bernanke is due to hold a press briefing at 2:15 p.m. ET to explain the FOMC’s latest quarterly economic projections.
Earlier today, rating agency Standard & Poor’s said that it had cut its outlook on Japan’s sovereign debt rating to ‘Negative’ from ‘Stable’ and warned of a possible downgrade if fiscal deterioration exceeds its estimates.
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
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. 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
###
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
VANCOUVER, BRITISH COLUMBIA – (April 27, 2011) Clearlease Reports Canadian stocks are poised for higher open Wednesday amid firm commodities and mixed cues from the global equity markets. Global stocks were mixed overnight as traders were cautious ahead of the FOMC rate decision and the new projections awaited from Bernanke later today.
U.S. stock futures were pointing to a higher open amid encouraging earnings reports.
ConocoPhillips posted higher first-quarter earnings of $3.0 billion or $2.09 per share and aerospace giant Boeing Co. said its first quarter profit improved 13 percent from last year.
Global oil giant BP Plc posted first quarter profit of $7.12 billion or 37.42 cents per share, compared to $6.08 billion or 31.99 cents per share last year.
On Tuesday, the S&P/TSX Composite Index ended flat, adding 1.78 points or 0.01 percent to 13,909.10.
The price of crude oil edged down Wednesday morning as traders await cues from the official inventories data from the EIA, the FOMC rate decision and the new projections from Bernanke today. Today during trading hours, the EIA will release its U.S. crude oil inventories report for the week ended April 22. Analysts expect crude oil inventories to increase by 1.50 million barrels, while gasoline stocks are seen easing 1.00 million barrels last week.
Crude for June inched down $0.02 to $112.19 a barrel
The price of gold was hovering near its record peak as the dollar was trading mixed ahead of the U.S. Federal Reserve’s interest rate announcement. Gold for June bounced back $4.90 to $1,508.40 an ounce.
In corporate news from Canada, integrated transportation company CN Rail reported improved first-quarter net income of C$668 million or C$1.45 per share compared to C$511 million or C$1.08 per share in the prior-year period. On an adjusted basis, net income increased to C$414 million or C$0.90 per share from C$380 million or C$0.80 per share a year ago. Analysts were expecting the company to report earnings of $0.88 per share for the quarter.
Communications and media company Rogers Communications said its first quarter net income declined to C$335 million or C$0.60 per share from C$368 million or C$0.62 per share for the year-ago quarter. Nonetheless, adjusted net income rose to C$423 million or C$0.76 per share from C$397 million or C$0.67 per share for the year-ago quarter. Analysts were expecting the company to report earnings of $0.71 per share for the quarter.
Nexen Inc. reported first quarter net income of C$202 million or C$0.38 per share, higher than C$141 million or C$0.26 per share last year.
Oil sands producer Cenovus Energy reported a 91 percent drop in its first quarter profits as it booked higher after-tax hedging losses and faced other expenses. Net income dropped to $47 million or $0.06 from $525 million or $0.70 reported a year ago.
Gold miner Barrick Gold posted first quarter net income of $1 billion or $1.00 per share, compared to $820 million or $0.82 per share last year. Adjusted net earnings increased to $1.0 billion or $1.01 per basic share from $763 million or $0.78 per basic share last year.
In economic news from south of the border, the U.S. Commerce Department said durable goods orders surged up by 2.5 percent in March following a revised 0.7 percent increase in February. Economists had expected orders to increase by 1.9 percent compared to the 0.9 percent drop that had been reported for the previous month.
The FOMC is scheduled to release its post-meeting policy statement at 12:30 p.m.ET. Central bank Chairman Ben Bernanke is due to hold a press briefing at 2:15 p.m. ET to explain the FOMC’s latest quarterly economic projections.
Earlier today, rating agency Standard & Poor’s said that it had cut its outlook on Japan’s sovereign debt rating to ‘Negative’ from ‘Stable’ and warned of a possible downgrade if fiscal deterioration exceeds its estimates.
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
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. 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
###
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
TSX May Open Higher Amid Earnings, Firm Commodities – Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 27, 2011) Clearlease Reports Canadian stocks are poised for higher open Wednesday amid firm commodities and mixed cues from the global equity markets. Global stocks were mixed overnight as traders were cautious ahead of the FOMC rate decision and the new projections awaited from Bernanke later today.
U.S. stock futures were pointing to a higher open amid encouraging earnings reports.
ConocoPhillips posted higher first-quarter earnings of $3.0 billion or $2.09 per share and aerospace giant Boeing Co. said its first quarter profit improved 13 percent from last year.
Global oil giant BP Plc posted first quarter profit of $7.12 billion or 37.42 cents per share, compared to $6.08 billion or 31.99 cents per share last year.
On Tuesday, the S&P/TSX Composite Index ended flat, adding 1.78 points or 0.01 percent to 13,909.10.
The price of crude oil edged down Wednesday morning as traders await cues from the official inventories data from the EIA, the FOMC rate decision and the new projections from Bernanke today. Today during trading hours, the EIA will release its U.S. crude oil inventories report for the week ended April 22. Analysts expect crude oil inventories to increase by 1.50 million barrels, while gasoline stocks are seen easing 1.00 million barrels last week.
Crude for June inched down $0.02 to $112.19 a barrel
The price of gold was hovering near its record peak as the dollar was trading mixed ahead of the U.S. Federal Reserve’s interest rate announcement. Gold for June bounced back $4.90 to $1,508.40 an ounce.
In corporate news from Canada, integrated transportation company CN Rail reported improved first-quarter net income of C$668 million or C$1.45 per share compared to C$511 million or C$1.08 per share in the prior-year period. On an adjusted basis, net income increased to C$414 million or C$0.90 per share from C$380 million or C$0.80 per share a year ago. Analysts were expecting the company to report earnings of $0.88 per share for the quarter.
Communications and media company Rogers Communications said its first quarter net income declined to C$335 million or C$0.60 per share from C$368 million or C$0.62 per share for the year-ago quarter. Nonetheless, adjusted net income rose to C$423 million or C$0.76 per share from C$397 million or C$0.67 per share for the year-ago quarter. Analysts were expecting the company to report earnings of $0.71 per share for the quarter.
Nexen Inc. reported first quarter net income of C$202 million or C$0.38 per share, higher than C$141 million or C$0.26 per share last year.
Oil sands producer Cenovus Energy reported a 91 percent drop in its first quarter profits as it booked higher after-tax hedging losses and faced other expenses. Net income dropped to $47 million or $0.06 from $525 million or $0.70 reported a year ago.
Gold miner Barrick Gold posted first quarter net income of $1 billion or $1.00 per share, compared to $820 million or $0.82 per share last year. Adjusted net earnings increased to $1.0 billion or $1.01 per basic share from $763 million or $0.78 per basic share last year.
In economic news from south of the border, the U.S. Commerce Department said durable goods orders surged up by 2.5 percent in March following a revised 0.7 percent increase in February. Economists had expected orders to increase by 1.9 percent compared to the 0.9 percent drop that had been reported for the previous month.
The FOMC is scheduled to release its post-meeting policy statement at 12:30 p.m.ET. Central bank Chairman Ben Bernanke is due to hold a press briefing at 2:15 p.m. ET to explain the FOMC’s latest quarterly economic projections.
Earlier today, rating agency Standard & Poor’s said that it had cut its outlook on Japan’s sovereign debt rating to ‘Negative’ from ‘Stable’ and warned of a possible downgrade if fiscal deterioration exceeds its estimates.
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
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. 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
###
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug