Canadian dollar advances amid weakening American currency, higher oil prices – Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports The Canadian dollar closed higher Wednesday amid a much weaker American currency and surging oil prices.
The loonie was off early highs, but still up 0.35 of a cent to 104.9 cents US after earlier hitting 105.29 cents US, its highest level since November 2007.
“This is a U.S. dollar story as the combination of loose monetary policy and a compromised fiscal position weigh heavily against the (greenback),” said Scotia Capital chief currency strategist Camilla Sutton.
The weakening came two days after Standard & Poor’s said that the U.S.’s credit rating had a one-in-three chance of being downgraded given the state of the public finances and worries that policy-makers won’t be able to come up with a credible deficit reduction plan.
In the currency markets, the dollar has given up the gains it made in the immediate aftermath of the S&P warning, when it benefited from its status as a safe haven and expectations that U.S. politicians would rise to the debt challenge now that it was in the spotlight.
“The U.S. dollar should weaken further as the combination of U.S. monetary and fiscal policy weighs heavily on the outlook,” added Sutton.
The Canadian dollar’s advance followed a runup of more than eight-tenths of a cent Tuesday after higher inflation figures further persuaded traders the Bank of Canada will move to hike interest rates in July.
The currency was also supported by oil prices, which moved well above US$110 a barrel, boosted by the weaker greenback and a report which showed U.S. gasoline supplies fell for a second week, suggesting higher fuel costs haven’t yet curbed demand.
The June crude contract on the New York Mercantile Exchange rose $3.17 to US$111.45 barrel.
Metal prices also advanced as the June gold contract on the Nymex climbed $3.80 to a fresh record close of US$1,4998.90 an ounce while the May copper contract in New York rose 11 cents to US$4.34 a pound.
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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports The Canadian dollar closed higher Wednesday amid a much weaker American currency and surging oil prices.
The loonie was off early highs, but still up 0.35 of a cent to 104.9 cents US after earlier hitting 105.29 cents US, its highest level since November 2007.
“This is a U.S. dollar story as the combination of loose monetary policy and a compromised fiscal position weigh heavily against the (greenback),” said Scotia Capital chief currency strategist Camilla Sutton.
The weakening came two days after Standard & Poor’s said that the U.S.’s credit rating had a one-in-three chance of being downgraded given the state of the public finances and worries that policy-makers won’t be able to come up with a credible deficit reduction plan.
In the currency markets, the dollar has given up the gains it made in the immediate aftermath of the S&P warning, when it benefited from its status as a safe haven and expectations that U.S. politicians would rise to the debt challenge now that it was in the spotlight.
“The U.S. dollar should weaken further as the combination of U.S. monetary and fiscal policy weighs heavily on the outlook,” added Sutton.
The Canadian dollar’s advance followed a runup of more than eight-tenths of a cent Tuesday after higher inflation figures further persuaded traders the Bank of Canada will move to hike interest rates in July.
The currency was also supported by oil prices, which moved well above US$110 a barrel, boosted by the weaker greenback and a report which showed U.S. gasoline supplies fell for a second week, suggesting higher fuel costs haven’t yet curbed demand.
The June crude contract on the New York Mercantile Exchange rose $3.17 to US$111.45 barrel.
Metal prices also advanced as the June gold contract on the Nymex climbed $3.80 to a fresh record close of US$1,4998.90 an ounce while the May copper contract in New York rose 11 cents to US$4.34 a pound.
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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Canadian dollar advances amid weakening American currency, higher oil prices – Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports The Canadian dollar closed higher Wednesday amid a much weaker American currency and surging oil prices.
The loonie was off early highs, but still up 0.35 of a cent to 104.9 cents US after earlier hitting 105.29 cents US, its highest level since November 2007.
“This is a U.S. dollar story as the combination of loose monetary policy and a compromised fiscal position weigh heavily against the (greenback),” said Scotia Capital chief currency strategist Camilla Sutton.
The weakening came two days after Standard & Poor’s said that the U.S.’s credit rating had a one-in-three chance of being downgraded given the state of the public finances and worries that policy-makers won’t be able to come up with a credible deficit reduction plan.
In the currency markets, the dollar has given up the gains it made in the immediate aftermath of the S&P warning, when it benefited from its status as a safe haven and expectations that U.S. politicians would rise to the debt challenge now that it was in the spotlight.
“The U.S. dollar should weaken further as the combination of U.S. monetary and fiscal policy weighs heavily on the outlook,” added Sutton.
The Canadian dollar’s advance followed a runup of more than eight-tenths of a cent Tuesday after higher inflation figures further persuaded traders the Bank of Canada will move to hike interest rates in July.
The currency was also supported by oil prices, which moved well above US$110 a barrel, boosted by the weaker greenback and a report which showed U.S. gasoline supplies fell for a second week, suggesting higher fuel costs haven’t yet curbed demand.
The June crude contract on the New York Mercantile Exchange rose $3.17 to US$111.45 barrel.
Metal prices also advanced as the June gold contract on the Nymex climbed $3.80 to a fresh record close of US$1,4998.90 an ounce while the May copper contract in New York rose 11 cents to US$4.34 a pound.
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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
