Dominion Lending Centres Clearlease Reports TSX rallies on commodities recovery, jobs data

Dominion Lending Centres Clearlease Reports TSX rallies on commodities recovery, jobs data

VANCOUVER, BC – (May 6, 2011) Clearlease Reports Toronto’s main stock index extended gains on Friday morning as commodity prices recovered after a major selloff and as strong employment numbers in both Canada and the United States lifted sentiment.

The powerhouse energy sector, up 2.5 percent, led the advance, as the price of oil rose in volatile trading after U.S. payrolls posted the largest jobs gain in 11 months, which eased fears about the global economic recovery.

Suncor Energy jumped 2.7 percent to C$40.67, while Canadian Natural Resources shot up 2.9 percent to C$42.42, despite reporting its first-quarter profit sank.

“One of the biggest drivers this week has been commodities, obviously. We were seeing quite a bit of speculation come out of the commodity market, that’s ultimately good for the economy and stocks,” said Youssef Zohny, portfolio manager at Van Arbor Asset Management in Vancouver.

“We do get the pullback in commodity prices, which have been a problem in terms of inflation expectations, potential monetary tightening and in general puts a ceiling on consumer spending.”

At 10:36 a.m. (1436 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 136.41 points, or 1 percent, at 13,591.79. Eight of the 10 main sectors were stronger.

The materials sector, home to miners, was up 1.7 percent, with the price of gold bouncing higher as bargain hunters entered the fray. Silver also recovered from a two-month low hit after a sell frenzy sparked by higher margin requirements and expectations of a stronger U.S. dollar.

Goldcorp rallied 1.9 percent to C$48.04, while Barrick Gold Corp added 0.6 percent to C$45.61 and Silver Wheaton advanced 2.9 percent to C$35.02.

“A commodity market returning more to fundamentals is probably positive for commodity producers,” added Zohny.

The TSX retreated for a fourth day on Thursday as resource issues took a heavy hit from a wave of selling across commodity markets that thrashed high-flying oil and metal prices.

Base metal miners also participated in Friday’s rebound, firming 1.5 percent after copper turned positive after the strong U.S. jobs data.

Domestic jobs data also provided a boost with the economy creating 58,300 jobs in April, more than double expectations, while recovering all the full-time positions lost in the recession.

Manulife Financial was the most influential gainer on the index, helping push the weighty financial sector up 0.3 percent. Manulife stock surged nearly 5 percent to C$17.44 after several analysts raised their price targets for North America’s largest life insurer.

The insurer posted a lower quarterly profit on Thursday on claims related to the Japanese earthquake, but said it was actively on the lookout for acquisitions, especially in Asia.

($1=$0.96 Canadian):HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)

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 TSX rallies on commodities recovery, jobs data

VANCOUVER, BC – (May 6, 2011) Clearlease Reports Toronto’s main stock index extended gains on Friday morning as commodity prices recovered after a major selloff and as strong employment numbers in both Canada and the United States lifted sentiment.

The powerhouse energy sector, up 2.5 percent, led the advance, as the price of oil rose in volatile trading after U.S. payrolls posted the largest jobs gain in 11 months, which eased fears about the global economic recovery.

Suncor Energy jumped 2.7 percent to C$40.67, while Canadian Natural Resources shot up 2.9 percent to C$42.42, despite reporting its first-quarter profit sank.

“One of the biggest drivers this week has been commodities, obviously. We were seeing quite a bit of speculation come out of the commodity market, that’s ultimately good for the economy and stocks,” said Youssef Zohny, portfolio manager at Van Arbor Asset Management in Vancouver.

“We do get the pullback in commodity prices, which have been a problem in terms of inflation expectations, potential monetary tightening and in general puts a ceiling on consumer spending.”

At 10:36 a.m. (1436 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 136.41 points, or 1 percent, at 13,591.79. Eight of the 10 main sectors were stronger.

The materials sector, home to miners, was up 1.7 percent, with the price of gold bouncing higher as bargain hunters entered the fray. Silver also recovered from a two-month low hit after a sell frenzy sparked by higher margin requirements and expectations of a stronger U.S. dollar.

Goldcorp rallied 1.9 percent to C$48.04, while Barrick Gold Corp added 0.6 percent to C$45.61 and Silver Wheaton advanced 2.9 percent to C$35.02.

“A commodity market returning more to fundamentals is probably positive for commodity producers,” added Zohny.

The TSX retreated for a fourth day on Thursday as resource issues took a heavy hit from a wave of selling across commodity markets that thrashed high-flying oil and metal prices.

Base metal miners also participated in Friday’s rebound, firming 1.5 percent after copper turned positive after the strong U.S. jobs data.

Domestic jobs data also provided a boost with the economy creating 58,300 jobs in April, more than double expectations, while recovering all the full-time positions lost in the recession.

Manulife Financial was the most influential gainer on the index, helping push the weighty financial sector up 0.3 percent. Manulife stock surged nearly 5 percent to C$17.44 after several analysts raised their price targets for North America’s largest life insurer.

The insurer posted a lower quarterly profit on Thursday on claims related to the Japanese earthquake, but said it was actively on the lookout for acquisitions, especially in Asia.

($1=$0.96 Canadian):HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)

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 TSX rallies on commodities recovery, jobs data

VANCOUVER, BC – (May 6, 2011) Clearlease Reports Toronto’s main stock index extended gains on Friday morning as commodity prices recovered after a major selloff and as strong employment numbers in both Canada and the United States lifted sentiment.

The powerhouse energy sector, up 2.5 percent, led the advance, as the price of oil rose in volatile trading after U.S. payrolls posted the largest jobs gain in 11 months, which eased fears about the global economic recovery.

Suncor Energy jumped 2.7 percent to C$40.67, while Canadian Natural Resources shot up 2.9 percent to C$42.42, despite reporting its first-quarter profit sank.

“One of the biggest drivers this week has been commodities, obviously. We were seeing quite a bit of speculation come out of the commodity market, that’s ultimately good for the economy and stocks,” said Youssef Zohny, portfolio manager at Van Arbor Asset Management in Vancouver.

“We do get the pullback in commodity prices, which have been a problem in terms of inflation expectations, potential monetary tightening and in general puts a ceiling on consumer spending.”

At 10:36 a.m. (1436 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 136.41 points, or 1 percent, at 13,591.79. Eight of the 10 main sectors were stronger.

The materials sector, home to miners, was up 1.7 percent, with the price of gold bouncing higher as bargain hunters entered the fray. Silver also recovered from a two-month low hit after a sell frenzy sparked by higher margin requirements and expectations of a stronger U.S. dollar.

Goldcorp rallied 1.9 percent to C$48.04, while Barrick Gold Corp added 0.6 percent to C$45.61 and Silver Wheaton advanced 2.9 percent to C$35.02.

“A commodity market returning more to fundamentals is probably positive for commodity producers,” added Zohny.

The TSX retreated for a fourth day on Thursday as resource issues took a heavy hit from a wave of selling across commodity markets that thrashed high-flying oil and metal prices.

Base metal miners also participated in Friday’s rebound, firming 1.5 percent after copper turned positive after the strong U.S. jobs data.

Domestic jobs data also provided a boost with the economy creating 58,300 jobs in April, more than double expectations, while recovering all the full-time positions lost in the recession.

Manulife Financial was the most influential gainer on the index, helping push the weighty financial sector up 0.3 percent. Manulife stock surged nearly 5 percent to C$17.44 after several analysts raised their price targets for North America’s largest life insurer.

The insurer posted a lower quarterly profit on Thursday on claims related to the Japanese earthquake, but said it was actively on the lookout for acquisitions, especially in Asia.

($1=$0.96 Canadian):HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)

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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