Toronto stock market closes marginally in the green as commodities finish higher Dominion Lending Centres Clearlease

Toronto stock market closes marginally in the green as commodities finish higher Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports The Toronto stock market closed in the green with a razor-thing gain Thursday as commodity prices ended the session higher and traders awaited Canadian economic growth data.

The S&P/TSX composite index added 1.83 points to 13,884.4 after it bounced between positive and negative territory all day. The TSX Venture Exchange lost 5.1 points to 2,246.22.

Shortly after the market closed, Research in Motion (TSX:RIM) reduced its guidance due to lower selling prices for its smartphones in a highly competitive market.

In after-hours trading in New York, RIM’s shares fell $5.53 to US$51.06, down nearly 10 per cent from the close of official trading ahead of the announcement.

The BlackBerry maker said i now expects fully diluted earnings per share to be in the range of $1.30 to $1.37, lower than the range of US$1.47 of US $1.55 previously forecasted. It cited lower demand for its smartphones.

Earlier, the Canadian dollar lost 0.07 of a cent to 105.15 cents US as the greenback fell against most other major currencies a day after the U.S. Federal Reserve announced it had no near-term intentions of changing its emergency low interest rate from near zero and after data showed slower U.S. economic growth.

Commodities were higher, with the price of oil ahead 10 cents to US$112.86 after earlier approaching $114 a barrel on the New York Mercantile Exchange. Gold rose $14.10 to US$1,531.20 per ounce, reaching a new record high for the third day this week. Copper was up two cents at US$4.25 a pound.

The U.S. government said the economy grew at a 1.8 per cent annual rate in the January-March quarter. That’s the weakest showing since last spring when the European debt crisis reduced growth to a 1.7 per cent pace, and a slower pace than many economists had been expecting.

Investors have adopted a wait-and-see attitude and are holding back given that this week is heavy with economic data, said Paul Vaillancourt, vice-president at Canadian Wealth Management in Calgary.

He expects Canadian GDP figures set to be released Friday to show that the economy continues to grow. Consensus estimates peg February GDP flat compared to January.

“People are on the sidelines a little bit waiting to see if the recovery is as strong as people hope,” Vaillancourt said.

“You’re going to start to see some pretty big blowout numbers, starting with energy this quarter but certainly next quarter.”

Investors may also be taking profits ahead of the last trading day of the month, on Friday.

Meanwhile, energy and mining stocks are not performing as well as they had been previously despite a continued rise in commodity prices because some investors question whether prices can hold at such elevated levels, he said.

“Investors have lopped of 10 per cent or more off these energy and mining stocks that have been the darlings for the last couple of quarters and we’ll need to see continued solid earnings.”

The energy sector was up 0.4 per cent, while the mining sector was the biggest drag on the TSX, down one per cent. The gold-heavy materials sector also slumped into the red Thursday afternoon, down 0.8 per cent, despite the new record high.

The industrials sector, up one per cent, and the information technology sector, up 0.8 per cent led the index higher.

Several key Canadian companies reported earnings that beat analyst expectations, including Potash Corp. of Saskatchewan (TSX:POT), which said its first-quarter profits hit a record $732 million. Still, its shares fell $1.49 to $52.69.

Other outperformers included the Jean Coutu Group Inc. (TSX:PJC.A), whose shares rose 14 cents to $10.59, and Domtar Inc. (TSX:UFS), up $1.64 at $87.89.

Canadian Oil Sands Ltd. (TSX:COS) reported after market close that its first-quarter profit rose to $324 million from a year-earlier $176 million on improved production and higher oil prices. Shares closed up 31 cents at $31.66.

Imax Corp. (TSX:IMX) reported just before market close that its latest financial results missed analyst estimates but the company raised its 2011 outlook. Its net loss was US$1 million, or two cents per diluted share. Analysts had been expecting a net profit of nine cents per share. Shares were up six per cent or $1.79 to $32.55.

Wall Street markets closed at a 2011 high despite modest economic growth in the U.S.

The Dow Jones industrial average added 72.35 points to 12,763.31. The Nasdaq index was up 2.65 points at 2,872.53 while the Standard & Poor’s 500 index gained 4.82 points to 1,360.48.

In other U.S. economic news, the National Association of Realtors’ pending home sales index showed sales agreements for homes rose 5.1 per cent last month to a reading of 94.1. Sales were uneven across the country and were not enough to signal a rebound in the housing market.

Corporate earnings from U.S. companies were mixed.

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

Toronto stock market closes marginally in the green as commodities finish higher Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports The Toronto stock market closed in the green with a razor-thing gain Thursday as commodity prices ended the session higher and traders awaited Canadian economic growth data.

The S&P/TSX composite index added 1.83 points to 13,884.4 after it bounced between positive and negative territory all day. The TSX Venture Exchange lost 5.1 points to 2,246.22.

Shortly after the market closed, Research in Motion (TSX:RIM) reduced its guidance due to lower selling prices for its smartphones in a highly competitive market.

In after-hours trading in New York, RIM’s shares fell $5.53 to US$51.06, down nearly 10 per cent from the close of official trading ahead of the announcement.

The BlackBerry maker said i now expects fully diluted earnings per share to be in the range of $1.30 to $1.37, lower than the range of US$1.47 of US $1.55 previously forecasted. It cited lower demand for its smartphones.

Earlier, the Canadian dollar lost 0.07 of a cent to 105.15 cents US as the greenback fell against most other major currencies a day after the U.S. Federal Reserve announced it had no near-term intentions of changing its emergency low interest rate from near zero and after data showed slower U.S. economic growth.

Commodities were higher, with the price of oil ahead 10 cents to US$112.86 after earlier approaching $114 a barrel on the New York Mercantile Exchange. Gold rose $14.10 to US$1,531.20 per ounce, reaching a new record high for the third day this week. Copper was up two cents at US$4.25 a pound.

The U.S. government said the economy grew at a 1.8 per cent annual rate in the January-March quarter. That’s the weakest showing since last spring when the European debt crisis reduced growth to a 1.7 per cent pace, and a slower pace than many economists had been expecting.

Investors have adopted a wait-and-see attitude and are holding back given that this week is heavy with economic data, said Paul Vaillancourt, vice-president at Canadian Wealth Management in Calgary.

He expects Canadian GDP figures set to be released Friday to show that the economy continues to grow. Consensus estimates peg February GDP flat compared to January.

“People are on the sidelines a little bit waiting to see if the recovery is as strong as people hope,” Vaillancourt said.

“You’re going to start to see some pretty big blowout numbers, starting with energy this quarter but certainly next quarter.”

Investors may also be taking profits ahead of the last trading day of the month, on Friday.

Meanwhile, energy and mining stocks are not performing as well as they had been previously despite a continued rise in commodity prices because some investors question whether prices can hold at such elevated levels, he said.

“Investors have lopped of 10 per cent or more off these energy and mining stocks that have been the darlings for the last couple of quarters and we’ll need to see continued solid earnings.”

The energy sector was up 0.4 per cent, while the mining sector was the biggest drag on the TSX, down one per cent. The gold-heavy materials sector also slumped into the red Thursday afternoon, down 0.8 per cent, despite the new record high.

The industrials sector, up one per cent, and the information technology sector, up 0.8 per cent led the index higher.

Several key Canadian companies reported earnings that beat analyst expectations, including Potash Corp. of Saskatchewan (TSX:POT), which said its first-quarter profits hit a record $732 million. Still, its shares fell $1.49 to $52.69.

Other outperformers included the Jean Coutu Group Inc. (TSX:PJC.A), whose shares rose 14 cents to $10.59, and Domtar Inc. (TSX:UFS), up $1.64 at $87.89.

Canadian Oil Sands Ltd. (TSX:COS) reported after market close that its first-quarter profit rose to $324 million from a year-earlier $176 million on improved production and higher oil prices. Shares closed up 31 cents at $31.66.

Imax Corp. (TSX:IMX) reported just before market close that its latest financial results missed analyst estimates but the company raised its 2011 outlook. Its net loss was US$1 million, or two cents per diluted share. Analysts had been expecting a net profit of nine cents per share. Shares were up six per cent or $1.79 to $32.55.

Wall Street markets closed at a 2011 high despite modest economic growth in the U.S.

The Dow Jones industrial average added 72.35 points to 12,763.31. The Nasdaq index was up 2.65 points at 2,872.53 while the Standard & Poor’s 500 index gained 4.82 points to 1,360.48.

In other U.S. economic news, the National Association of Realtors’ pending home sales index showed sales agreements for homes rose 5.1 per cent last month to a reading of 94.1. Sales were uneven across the country and were not enough to signal a rebound in the housing market.

Corporate earnings from U.S. companies were mixed.

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

Toronto stock market closes marginally in the green as commodities finish higher Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports The Toronto stock market closed in the green with a razor-thing gain Thursday as commodity prices ended the session higher and traders awaited Canadian economic growth data.

The S&P/TSX composite index added 1.83 points to 13,884.4 after it bounced between positive and negative territory all day. The TSX Venture Exchange lost 5.1 points to 2,246.22.

Shortly after the market closed, Research in Motion (TSX:RIM) reduced its guidance due to lower selling prices for its smartphones in a highly competitive market.

In after-hours trading in New York, RIM’s shares fell $5.53 to US$51.06, down nearly 10 per cent from the close of official trading ahead of the announcement.

The BlackBerry maker said i now expects fully diluted earnings per share to be in the range of $1.30 to $1.37, lower than the range of US$1.47 of US $1.55 previously forecasted. It cited lower demand for its smartphones.

Earlier, the Canadian dollar lost 0.07 of a cent to 105.15 cents US as the greenback fell against most other major currencies a day after the U.S. Federal Reserve announced it had no near-term intentions of changing its emergency low interest rate from near zero and after data showed slower U.S. economic growth.

Commodities were higher, with the price of oil ahead 10 cents to US$112.86 after earlier approaching $114 a barrel on the New York Mercantile Exchange. Gold rose $14.10 to US$1,531.20 per ounce, reaching a new record high for the third day this week. Copper was up two cents at US$4.25 a pound.

The U.S. government said the economy grew at a 1.8 per cent annual rate in the January-March quarter. That’s the weakest showing since last spring when the European debt crisis reduced growth to a 1.7 per cent pace, and a slower pace than many economists had been expecting.

Investors have adopted a wait-and-see attitude and are holding back given that this week is heavy with economic data, said Paul Vaillancourt, vice-president at Canadian Wealth Management in Calgary.

He expects Canadian GDP figures set to be released Friday to show that the economy continues to grow. Consensus estimates peg February GDP flat compared to January.

“People are on the sidelines a little bit waiting to see if the recovery is as strong as people hope,” Vaillancourt said.

“You’re going to start to see some pretty big blowout numbers, starting with energy this quarter but certainly next quarter.”

Investors may also be taking profits ahead of the last trading day of the month, on Friday.

Meanwhile, energy and mining stocks are not performing as well as they had been previously despite a continued rise in commodity prices because some investors question whether prices can hold at such elevated levels, he said.

“Investors have lopped of 10 per cent or more off these energy and mining stocks that have been the darlings for the last couple of quarters and we’ll need to see continued solid earnings.”

The energy sector was up 0.4 per cent, while the mining sector was the biggest drag on the TSX, down one per cent. The gold-heavy materials sector also slumped into the red Thursday afternoon, down 0.8 per cent, despite the new record high.

The industrials sector, up one per cent, and the information technology sector, up 0.8 per cent led the index higher.

Several key Canadian companies reported earnings that beat analyst expectations, including Potash Corp. of Saskatchewan (TSX:POT), which said its first-quarter profits hit a record $732 million. Still, its shares fell $1.49 to $52.69.

Other outperformers included the Jean Coutu Group Inc. (TSX:PJC.A), whose shares rose 14 cents to $10.59, and Domtar Inc. (TSX:UFS), up $1.64 at $87.89.

Canadian Oil Sands Ltd. (TSX:COS) reported after market close that its first-quarter profit rose to $324 million from a year-earlier $176 million on improved production and higher oil prices. Shares closed up 31 cents at $31.66.

Imax Corp. (TSX:IMX) reported just before market close that its latest financial results missed analyst estimates but the company raised its 2011 outlook. Its net loss was US$1 million, or two cents per diluted share. Analysts had been expecting a net profit of nine cents per share. Shares were up six per cent or $1.79 to $32.55.

Wall Street markets closed at a 2011 high despite modest economic growth in the U.S.

The Dow Jones industrial average added 72.35 points to 12,763.31. The Nasdaq index was up 2.65 points at 2,872.53 while the Standard & Poor’s 500 index gained 4.82 points to 1,360.48.

In other U.S. economic news, the National Association of Realtors’ pending home sales index showed sales agreements for homes rose 5.1 per cent last month to a reading of 94.1. Sales were uneven across the country and were not enough to signal a rebound in the housing market.

Corporate earnings from U.S. companies were mixed.

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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