Dominion Lending Centres Clearlease Reports Canadian dollar falls back amid lower prices for crude oil, metals

Dominion Lending Centres Clearlease Reports Canadian dollar falls back amid lower prices for crude oil, metals

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports The Canadian dollar was lower against the American currency Wednesday amid sliding prices for oil and metals.

The loonie fell 0.6 of a cent to 104.38 cents US.

The June crude contract on the New York Mercantile Exchange lost $1.66 to US$109.39 a barrel. Copper prices also fell Wednesday morning with the May contract on the Nymex down 11 cents to US$4.13 a pound. Bullion also headed lower as the June contract fell $11.30 to US$1,529.10 an ounce.

There seemed to be several reasons for the weakness on commodity markets.

Volatility in the commodities sector has been on the increase this week as silver prices also continued to tumble with prices down around 20 per cent this week. The metal has been sliding for the past week after CME Group Inc., which owns Comex, increased margin requirements to trade silver metal three times after prices for the metal surged over the last two months.

Analysts say investors have been forced to sell other securities to meet higher margin calls, including other commodities such as oil and metals.

The July silver contract was down $2.35 to US$40.24.

Speculation that China will continue tightening measures to control inflation also helped depress oil prices, as did a report which showed U.S. crude supplies rose more than expected last week, suggesting growth in demand could be waning.

On the economic front, there was some negative news two days before the release of the U.S. non-farm payrolls report for April.

The ADP employment reported an increase of 179,000 private sectors jobs for the month, which was below consensus expectations for a 198,000 gain.

“Today’s soft report, coupled with the string of elevated initial jobless claims recently, suggest some caution ahead of Friday’s U.S. non-farm payrolls data,” said CIBC World Markets economist Krishene Rangasamy.

“Our near-consensus call of 185,000 net new jobs created in April, reflects such caution.”

Also depressing sentiment was a much lower than expected reading on the health of the U.S. service sector.

The Institute for Supply Management’s April index fell to 52.8 from 57.3, much lower than the 58 reading that economists expected.

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. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
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

Dominion Lending Centres Clearlease Reports Canadian dollar falls back amid lower prices for crude oil, metals

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports The Canadian dollar was lower against the American currency Wednesday amid sliding prices for oil and metals.

The loonie fell 0.6 of a cent to 104.38 cents US.

The June crude contract on the New York Mercantile Exchange lost $1.66 to US$109.39 a barrel. Copper prices also fell Wednesday morning with the May contract on the Nymex down 11 cents to US$4.13 a pound. Bullion also headed lower as the June contract fell $11.30 to US$1,529.10 an ounce.

There seemed to be several reasons for the weakness on commodity markets.

Volatility in the commodities sector has been on the increase this week as silver prices also continued to tumble with prices down around 20 per cent this week. The metal has been sliding for the past week after CME Group Inc., which owns Comex, increased margin requirements to trade silver metal three times after prices for the metal surged over the last two months.

Analysts say investors have been forced to sell other securities to meet higher margin calls, including other commodities such as oil and metals.

The July silver contract was down $2.35 to US$40.24.

Speculation that China will continue tightening measures to control inflation also helped depress oil prices, as did a report which showed U.S. crude supplies rose more than expected last week, suggesting growth in demand could be waning.

On the economic front, there was some negative news two days before the release of the U.S. non-farm payrolls report for April.

The ADP employment reported an increase of 179,000 private sectors jobs for the month, which was below consensus expectations for a 198,000 gain.

“Today’s soft report, coupled with the string of elevated initial jobless claims recently, suggest some caution ahead of Friday’s U.S. non-farm payrolls data,” said CIBC World Markets economist Krishene Rangasamy.

“Our near-consensus call of 185,000 net new jobs created in April, reflects such caution.”

Also depressing sentiment was a much lower than expected reading on the health of the U.S. service sector.

The Institute for Supply Management’s April index fell to 52.8 from 57.3, much lower than the 58 reading that economists expected.

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. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
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

Dominion Lending Centres Clearlease Reports Canadian dollar falls back amid lower prices for crude oil, metals

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports The Canadian dollar was lower against the American currency Wednesday amid sliding prices for oil and metals.

The loonie fell 0.6 of a cent to 104.38 cents US.

The June crude contract on the New York Mercantile Exchange lost $1.66 to US$109.39 a barrel. Copper prices also fell Wednesday morning with the May contract on the Nymex down 11 cents to US$4.13 a pound. Bullion also headed lower as the June contract fell $11.30 to US$1,529.10 an ounce.

There seemed to be several reasons for the weakness on commodity markets.

Volatility in the commodities sector has been on the increase this week as silver prices also continued to tumble with prices down around 20 per cent this week. The metal has been sliding for the past week after CME Group Inc., which owns Comex, increased margin requirements to trade silver metal three times after prices for the metal surged over the last two months.

Analysts say investors have been forced to sell other securities to meet higher margin calls, including other commodities such as oil and metals.

The July silver contract was down $2.35 to US$40.24.

Speculation that China will continue tightening measures to control inflation also helped depress oil prices, as did a report which showed U.S. crude supplies rose more than expected last week, suggesting growth in demand could be waning.

On the economic front, there was some negative news two days before the release of the U.S. non-farm payrolls report for April.

The ADP employment reported an increase of 179,000 private sectors jobs for the month, which was below consensus expectations for a 198,000 gain.

“Today’s soft report, coupled with the string of elevated initial jobless claims recently, suggest some caution ahead of Friday’s U.S. non-farm payrolls data,” said CIBC World Markets economist Krishene Rangasamy.

“Our near-consensus call of 185,000 net new jobs created in April, reflects such caution.”

Also depressing sentiment was a much lower than expected reading on the health of the U.S. service sector.

The Institute for Supply Management’s April index fell to 52.8 from 57.3, much lower than the 58 reading that economists expected.

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. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
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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