The TSX pared earlier losses and was little changed midday Tuesday – Dominion Lending Centres Clearlease
TORONTO – (April 26, 2011) Clearlease.com Reports The Toronto stock market pared earlier losses and was little changed midday Tuesday as investors digested a long list of earnings reports streaming in from both sides of the border.
The S&P /TSX composite index was up 2.2 points to 13,909.5. The TSX Venture Exchange was down 18.87 points at 2,241.18.
The Canadian dollar gained 0.40 of a cent to 105.16 cents US.
Oil prices fell 24 cents to US$112.04 a barrel on the New York Mercantile Exchange, but the TSX energy sector moved into positive territory with shares in Canadian Natural Resources (TSX:CNQ) up 12 cents at C$44 on the TSX.
Gold prices tumbled from recent highs with the June contract down $9.10 to US$1,500 an ounce. The materials sector on the TSX was the biggest decliner, down 0.9 per cent, with shares in Goldcorp Inc. (TSX:G) off 86 cents at C$51.68.
Copper prices were up two cents at $4.33 a pound. Shares in base metals miner Teck Resources Ltd. (TSX:TCK.B) gained 16 cents to C$53.34.
Investors are adopting a wait- and-see attitude as they wait for comments Wednesday from the U.S. Federal Reserve on the state of the world’s largest economy, said Garey Aitken, director of equity research at Bissett Funds in Calgary.
The Federal Reserve begins a two-day meeting Tuesday. Economists expect the Fed will leave short-term interest rates unchanged and end its $600-billion bond-buying program in June as scheduled.
Investors are also waiting for a pick-up this week in Canadian earnings reports, he added.
“We are at that stage where the earnings season for U.S. companies is pretty far advanced but we’re just at the early stages in Canada, but that’s definitely going to be picking up here in coming days,” Aitken said.
“The earnings environment in Canada has been really good for the last several quarters … I think the expectations are fairly lofty in terms of a continuation of that from corporate Canada.”
On Tuesday, TransAlta Corp. (TSX:TA) reported first-quarter net earnings attributable to common shareholders of $204 million compared with $60 million a year earlier. Revenue in the quarter ended March 31 was $818 million, up from $696 million. TransAlta stock gained 21 cents to $20.76.
Precision Drilling Corp. (TSX:PD) said first-quarter profits were $66 million, compared with $57 million a year earlier. The results came in at 23 cents per share, missing analyst expectations by three cents, according to Thomson Reuters. Revenue totalled $525 million, up from $373 million. Precision’s stock fell 21 cents to $14.59.
Other Canadian earnings expected Tuesday include Canadian National Railway (TSX:CNR) and Rogers Communications Inc. (TSX:RCI.B).
Meanwhile, traders remain focused on commodity prices, especially as the price of gold falls off Monday’s record high, contributing to a decline in the gold-heavy materials sector Aitken said.
Depressed shares of market heavyweight Barrick Gold Corp. (TSX:ABX), which were down 2.4 per cent or $1.22 at $48.28 Tuesday after losing five per cent Monday, dragged the index for the second day in a row, Aitken said.
In a friendly $7.3-billion takeover bid made Monday, Barrick offered Equinox Minerals Ltd. (TSX:EQN) $8.15 per share. Equinox shares fell three per cent or 25 cents to $8.12 after hostile bidder Minmetals Resources said Tuesday it would not try to match the offer.
Wall Street moved higher on positive first-quarter earnings reports that topped analysts’ expectations from major companies including Ford Motor Co. , Coca Cola Co., 3M Co. and United Parcel Service Inc.
The Dow Jones industrial average was up 90.9 points at 12,570.8, the Nasdaq index gained 23.64 points to 2,849.52 and the S&P 500 index was 10.7 points higher at 1,345.95.
Investors are also weighing mixed economic data out of the United States.
The Standard & Poor’s/Case-Shiller 20-city home price index showed declines in 19 cities from February to January. But the Conference Board ‘s consumer confidence index rose above expectations in April to 65.4 from a revised 63.8 in March.
European markets moved higher, with Britain’s FTSE 100 rising 0.75 per cent. Germany’s DAX was up 0.77 per cent and France’s CAC-40 rose by 0.55 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.
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 Toronto stock market pared earlier losses and was little changed midday Tuesday as investors digested a long list of earnings reports streaming in from both sides of the border.
The S&P /TSX composite index was up 2.2 points to 13,909.5. The TSX Venture Exchange was down 18.87 points at 2,241.18.
The Canadian dollar gained 0.40 of a cent to 105.16 cents US.
Oil prices fell 24 cents to US$112.04 a barrel on the New York Mercantile Exchange, but the TSX energy sector moved into positive territory with shares in Canadian Natural Resources (TSX:CNQ) up 12 cents at C$44 on the TSX.
Gold prices tumbled from recent highs with the June contract down $9.10 to US$1,500 an ounce. The materials sector on the TSX was the biggest decliner, down 0.9 per cent, with shares in Goldcorp Inc. (TSX:G) off 86 cents at C$51.68.
Copper prices were up two cents at $4.33 a pound. Shares in base metals miner Teck Resources Ltd. (TSX:TCK.B) gained 16 cents to C$53.34.
Investors are adopting a wait- and-see attitude as they wait for comments Wednesday from the U.S. Federal Reserve on the state of the world’s largest economy, said Garey Aitken, director of equity research at Bissett Funds in Calgary.
The Federal Reserve begins a two-day meeting Tuesday. Economists expect the Fed will leave short-term interest rates unchanged and end its $600-billion bond-buying program in June as scheduled.
Investors are also waiting for a pick-up this week in Canadian earnings reports, he added.
“We are at that stage where the earnings season for U.S. companies is pretty far advanced but we’re just at the early stages in Canada, but that’s definitely going to be picking up here in coming days,” Aitken said.
“The earnings environment in Canada has been really good for the last several quarters … I think the expectations are fairly lofty in terms of a continuation of that from corporate Canada.”
On Tuesday, TransAlta Corp. (TSX:TA) reported first-quarter net earnings attributable to common shareholders of $204 million compared with $60 million a year earlier. Revenue in the quarter ended March 31 was $818 million, up from $696 million. TransAlta stock gained 21 cents to $20.76.
Precision Drilling Corp. (TSX:PD) said first-quarter profits were $66 million, compared with $57 million a year earlier. The results came in at 23 cents per share, missing analyst expectations by three cents, according to Thomson Reuters. Revenue totalled $525 million, up from $373 million. Precision’s stock fell 21 cents to $14.59.
Other Canadian earnings expected Tuesday include Canadian National Railway (TSX:CNR) and Rogers Communications Inc. (TSX:RCI.B).
Meanwhile, traders remain focused on commodity prices, especially as the price of gold falls off Monday’s record high, contributing to a decline in the gold-heavy materials sector Aitken said.
Depressed shares of market heavyweight Barrick Gold Corp. (TSX:ABX), which were down 2.4 per cent or $1.22 at $48.28 Tuesday after losing five per cent Monday, dragged the index for the second day in a row, Aitken said.
In a friendly $7.3-billion takeover bid made Monday, Barrick offered Equinox Minerals Ltd. (TSX:EQN) $8.15 per share. Equinox shares fell three per cent or 25 cents to $8.12 after hostile bidder Minmetals Resources said Tuesday it would not try to match the offer.
Wall Street moved higher on positive first-quarter earnings reports that topped analysts’ expectations from major companies including Ford Motor Co. , Coca Cola Co., 3M Co. and United Parcel Service Inc.
The Dow Jones industrial average was up 90.9 points at 12,570.8, the Nasdaq index gained 23.64 points to 2,849.52 and the S&P 500 index was 10.7 points higher at 1,345.95.
Investors are also weighing mixed economic data out of the United States.
The Standard & Poor’s/Case-Shiller 20-city home price index showed declines in 19 cities from February to January. But the Conference Board ‘s consumer confidence index rose above expectations in April to 65.4 from a revised 63.8 in March.
European markets moved higher, with Britain’s FTSE 100 rising 0.75 per cent. Germany’s DAX was up 0.77 per cent and France’s CAC-40 rose by 0.55 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.
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
###The TSX pared earlier losses and was little changed midday Tuesday – Dominion Lending Centres Clearlease
TORONTO – (April 26, 2011) Clearlease.com Reports The Toronto stock market pared earlier losses and was little changed midday Tuesday as investors digested a long list of earnings reports streaming in from both sides of the border.
The S&P /TSX composite index was up 2.2 points to 13,909.5. The TSX Venture Exchange was down 18.87 points at 2,241.18.
The Canadian dollar gained 0.40 of a cent to 105.16 cents US.
Oil prices fell 24 cents to US$112.04 a barrel on the New York Mercantile Exchange, but the TSX energy sector moved into positive territory with shares in Canadian Natural Resources (TSX:CNQ) up 12 cents at C$44 on the TSX.
Gold prices tumbled from recent highs with the June contract down $9.10 to US$1,500 an ounce. The materials sector on the TSX was the biggest decliner, down 0.9 per cent, with shares in Goldcorp Inc. (TSX:G) off 86 cents at C$51.68.
Copper prices were up two cents at $4.33 a pound. Shares in base metals miner Teck Resources Ltd. (TSX:TCK.B) gained 16 cents to C$53.34.
Investors are adopting a wait- and-see attitude as they wait for comments Wednesday from the U.S. Federal Reserve on the state of the world’s largest economy, said Garey Aitken, director of equity research at Bissett Funds in Calgary.
The Federal Reserve begins a two-day meeting Tuesday. Economists expect the Fed will leave short-term interest rates unchanged and end its $600-billion bond-buying program in June as scheduled.
Investors are also waiting for a pick-up this week in Canadian earnings reports, he added.
“We are at that stage where the earnings season for U.S. companies is pretty far advanced but we’re just at the early stages in Canada, but that’s definitely going to be picking up here in coming days,” Aitken said.
“The earnings environment in Canada has been really good for the last several quarters … I think the expectations are fairly lofty in terms of a continuation of that from corporate Canada.”
On Tuesday, TransAlta Corp. (TSX:TA) reported first-quarter net earnings attributable to common shareholders of $204 million compared with $60 million a year earlier. Revenue in the quarter ended March 31 was $818 million, up from $696 million. TransAlta stock gained 21 cents to $20.76.
Precision Drilling Corp. (TSX:PD) said first-quarter profits were $66 million, compared with $57 million a year earlier. The results came in at 23 cents per share, missing analyst expectations by three cents, according to Thomson Reuters. Revenue totalled $525 million, up from $373 million. Precision’s stock fell 21 cents to $14.59.
Other Canadian earnings expected Tuesday include Canadian National Railway (TSX:CNR) and Rogers Communications Inc. (TSX:RCI.B).
Meanwhile, traders remain focused on commodity prices, especially as the price of gold falls off Monday’s record high, contributing to a decline in the gold-heavy materials sector Aitken said.
Depressed shares of market heavyweight Barrick Gold Corp. (TSX:ABX), which were down 2.4 per cent or $1.22 at $48.28 Tuesday after losing five per cent Monday, dragged the index for the second day in a row, Aitken said.
In a friendly $7.3-billion takeover bid made Monday, Barrick offered Equinox Minerals Ltd. (TSX:EQN) $8.15 per share. Equinox shares fell three per cent or 25 cents to $8.12 after hostile bidder Minmetals Resources said Tuesday it would not try to match the offer.
Wall Street moved higher on positive first-quarter earnings reports that topped analysts’ expectations from major companies including Ford Motor Co. , Coca Cola Co., 3M Co. and United Parcel Service Inc.
The Dow Jones industrial average was up 90.9 points at 12,570.8, the Nasdaq index gained 23.64 points to 2,849.52 and the S&P 500 index was 10.7 points higher at 1,345.95.
Investors are also weighing mixed economic data out of the United States.
The Standard & Poor’s/Case-Shiller 20-city home price index showed declines in 19 cities from February to January. But the Conference Board ‘s consumer confidence index rose above expectations in April to 65.4 from a revised 63.8 in March.
European markets moved higher, with Britain’s FTSE 100 rising 0.75 per cent. Germany’s DAX was up 0.77 per cent and France’s CAC-40 rose by 0.55 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.
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
###