Canadian Dollar Exchange Rate better despite weaker than expected economic growth Dominion Lending Centres Clearlease

Canadian Dollar Exchange Rate better despite weaker than expected economic growth Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The Canadian dollar rebounded from earlier losses against its U.S. counterpart by midday Friday as traders brushed off data that showed Canada’s economy grew at a slower than expected pace in February.

The loonie gained 0.29 of a cent to 105.44 cents US as the greenback slid against most other major currencies on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil and food prices.

The Canadian dollar had fallen against its U.S. counterpart earlier after Statistics Canada released a report saying real gross domestic product fell 0.2 per cent in February on the heels of a 0.5 per cent increase in January.

Most economists had expected GDP would remain flat after consecutive 0.5 per cent gains in December and January. However, there seemed to be minimal concern that February’s results were a sign of a wider slowdown to come.

“Canada’s winning streak hasn’t been broken — the economy just took a pause after a heated expansion,” said Emanuella Enenajor, an economist at CIBC World Markets.

First-quarter GDP should still come close to four per cent if there is a rebound in March.

Oil moved ahead 50 cents to US$113.36 a barrel on the New York Mercantile Exchange while gold prices surged $13.70 to US$1,544.90 an ounce. Copper was down seven cents at US$4.17 a pound as concerns persist that China could move to slow growth, which could hamper resource demand.

Meanwhile, U.S. data released Thursday showed that the world’s biggest economy lost steam in the first three months of the year. That helped push the greenback down against the Canadian dollar, the yen and the euro.

Video Link: http://youtu.be/f_kk7WJa7Uk

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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Canadian Dollar Exchange Rate better despite weaker than expected economic growth Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The Canadian dollar rebounded from earlier losses against its U.S. counterpart by midday Friday as traders brushed off data that showed Canada’s economy grew at a slower than expected pace in February.

The loonie gained 0.29 of a cent to 105.44 cents US as the greenback slid against most other major currencies on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil and food prices.

The Canadian dollar had fallen against its U.S. counterpart earlier after Statistics Canada released a report saying real gross domestic product fell 0.2 per cent in February on the heels of a 0.5 per cent increase in January.

Most economists had expected GDP would remain flat after consecutive 0.5 per cent gains in December and January. However, there seemed to be minimal concern that February’s results were a sign of a wider slowdown to come.

“Canada’s winning streak hasn’t been broken — the economy just took a pause after a heated expansion,” said Emanuella Enenajor, an economist at CIBC World Markets.

First-quarter GDP should still come close to four per cent if there is a rebound in March.

Oil moved ahead 50 cents to US$113.36 a barrel on the New York Mercantile Exchange while gold prices surged $13.70 to US$1,544.90 an ounce. Copper was down seven cents at US$4.17 a pound as concerns persist that China could move to slow growth, which could hamper resource demand.

Meanwhile, U.S. data released Thursday showed that the world’s biggest economy lost steam in the first three months of the year. That helped push the greenback down against the Canadian dollar, the yen and the euro.

Video Link: http://youtu.be/f_kk7WJa7Uk

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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Canadian Dollar Exchange Rate better despite weaker than expected economic growth Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The Canadian dollar rebounded from earlier losses against its U.S. counterpart by midday Friday as traders brushed off data that showed Canada’s economy grew at a slower than expected pace in February.

The loonie gained 0.29 of a cent to 105.44 cents US as the greenback slid against most other major currencies on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil and food prices.

The Canadian dollar had fallen against its U.S. counterpart earlier after Statistics Canada released a report saying real gross domestic product fell 0.2 per cent in February on the heels of a 0.5 per cent increase in January.

Most economists had expected GDP would remain flat after consecutive 0.5 per cent gains in December and January. However, there seemed to be minimal concern that February’s results were a sign of a wider slowdown to come.

“Canada’s winning streak hasn’t been broken — the economy just took a pause after a heated expansion,” said Emanuella Enenajor, an economist at CIBC World Markets.

First-quarter GDP should still come close to four per cent if there is a rebound in March.

Oil moved ahead 50 cents to US$113.36 a barrel on the New York Mercantile Exchange while gold prices surged $13.70 to US$1,544.90 an ounce. Copper was down seven cents at US$4.17 a pound as concerns persist that China could move to slow growth, which could hamper resource demand.

Meanwhile, U.S. data released Thursday showed that the world’s biggest economy lost steam in the first three months of the year. That helped push the greenback down against the Canadian dollar, the yen and the euro.

Video Link: http://youtu.be/f_kk7WJa7Uk

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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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