Dominion Lending Centres Clearlease Reports crude prices helped push the Toronto stock market lower Friday

Dominion Lending Centres Clearlease Reports crude prices helped push the Toronto stock market lower Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports sliding crude prices helped push the Toronto stock market lower Friday May 20, 2011, while investors reflect on a positive week and strike a cautious note heading into the long Victoria Day weekend.

The S&P/TSX composite index fell 34.54 points to 13,590.56 while the TSX Venture Exchange rose 7.05 points to 2,009.27.

The Canadian dollar declined 0.27 of a cent to 103.01 cents US as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates.

Statistics Canada reported that inflation rose 0.3 per cent in April, a steep drop from the 1.1 per cent monthly increase experienced in March. Core inflation, which excludes volatile items like food and energy, posted a 0.2 per cent gain following a 0.7 per cent gain in March due to sharply higher energy prices.

The annual core rate edged down to 1.6 per cent from 1.7 per cent in March.

Losses in the loonie picked up after Statistics Canada reported that retail sales were flat in April, well below consensus expectations for a 0.8 per cent increase. Excluding autos, sales fell 0.1 per cent, which was also weaker than expected.

The financials sector led decliners, off 0.35 per cent with Royal Bank (TSX:RY) down 26 cents to $59.65 while Manulife Financial (TSX:MFC) lost 14 cents to $17.45.

The energy sector fell 0.34 per cent as crude oil futures gave back early gains, adding to losses sustained Thursday in the wake of economic data showing that a widely-watched gauge of future U.S. economic performance disappointed. The Conference Board’s leading indicator fell 0.3 per cent during April, which was the first monthly decline since last June.

The June contract on the New York Mercantile Exchange was down 31 cents to US$98.13 a barrel. Suncor Energy gave back 28 cents to C$39.38 and Cenovus Energy (TSX:CVE) was down 24 cents to $33.55.

Nexen Inc. (TSX:NXY), the Calgary-based major oilsands operator and global oil and natural gas producer, lost 15 cents to $21.94. It said Thursday it expects production this year to come in at the low end of its guidance, reflecting downtime at its Buzzard platform in the North Sea and a labour strike in Yemen.

In addition to Buzzard and Yemen, Nexen operates the Long Lake oilsands project in northern Alberta and has a seven per cent interest in the massive Syncrude Canada Ltd. oilsands mine.

Metal prices also advanced with the July copper contract ahead four cents to US$4.09 a pound. But the base metals sector moved down 0.31 per cent and Quadra FNX Mining (TSX:QUX) was 16 cents lower to C$14.51.

The June gold contract on the Nymex climbed $3.30 to US$1,495.70 an ounce. The gold sector was down slightly as Barrick Gold Corp. (TSX:ABX) faded 26 cents to C$43.92.

The TSX is up about 200 points this week, more than making up for last week’s decline. But sentiment has been negative and traders edgy on worries about slowing economic conditions, higher interest rates in countries which have supported the commodity boom such as China and India, and the European debt crisis.

The market is still well off the highs of the year of around 14,300 from early April.

New York markets also headed lower with the Dow Jones industrial average down 28.04 points to 12,577.28.

The Nasdaq composite index fell 5.12 points to 2,818.19 while the S&P 500 index slipped 3.52 points to 1,340.08.

In U.S. corporate news, faster cost increases than Gap Inc. expected sank the company’s first-quarter profit, and the clothing company dramatically cut its forecast for full-year earnings late Thursday. Gap said its net income fell 23 per cent to US$233 million, or 40 cents per share. Its revenue fell one per cent to US$3.29 billion and its shares plunged $3.91 to US$19.38.

Harry Winston Diamond Corp. (TSX:HW) said Thursday May 19, 2011 that it has entered into a business relationship with a group that is in the process of establishing a polished diamond investment fund. The fund being set up by Diamond Asset Advisors AG will be structured as a limited partnership of up to US$250 million offering institutional investors direct exposure to the wholesale market price of polished diamonds. Its shares were up 16 cents to C$15.74.

Asian markets were mixed with Japan’s Nikkei 225 index down 0.1 per cent, South Korea’s Kospi gained 0.8 per cent, Australia’s S&P/ASX 200 fell 0.5 per cent while Hong Kong’s Hang Seng was nearly 0.2 per cent higher.

Mainland Chinese shares edged lower as investors fretted over the economic outlook and watched for possible new, anti-inflation tightening measures by the country’s central banks.

The benchmark Shanghai Composite Index was narrowly down while the Shenzhen Composite Index of China’s smaller, second exchange fell 0.4 per cent.

London’s FTSE 100 index added 0.23 per cent, Frankfurt’s DAX was down 0.47 per cent while the Paris CAC 40 gave back 0.12 per cent.

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 crude prices helped push the Toronto stock market lower Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports sliding crude prices helped push the Toronto stock market lower Friday May 20, 2011, while investors reflect on a positive week and strike a cautious note heading into the long Victoria Day weekend.

The S&P/TSX composite index fell 34.54 points to 13,590.56 while the TSX Venture Exchange rose 7.05 points to 2,009.27.

The Canadian dollar declined 0.27 of a cent to 103.01 cents US as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates.

Statistics Canada reported that inflation rose 0.3 per cent in April, a steep drop from the 1.1 per cent monthly increase experienced in March. Core inflation, which excludes volatile items like food and energy, posted a 0.2 per cent gain following a 0.7 per cent gain in March due to sharply higher energy prices.

The annual core rate edged down to 1.6 per cent from 1.7 per cent in March.

Losses in the loonie picked up after Statistics Canada reported that retail sales were flat in April, well below consensus expectations for a 0.8 per cent increase. Excluding autos, sales fell 0.1 per cent, which was also weaker than expected.

The financials sector led decliners, off 0.35 per cent with Royal Bank (TSX:RY) down 26 cents to $59.65 while Manulife Financial (TSX:MFC) lost 14 cents to $17.45.

The energy sector fell 0.34 per cent as crude oil futures gave back early gains, adding to losses sustained Thursday in the wake of economic data showing that a widely-watched gauge of future U.S. economic performance disappointed. The Conference Board’s leading indicator fell 0.3 per cent during April, which was the first monthly decline since last June.

The June contract on the New York Mercantile Exchange was down 31 cents to US$98.13 a barrel. Suncor Energy gave back 28 cents to C$39.38 and Cenovus Energy (TSX:CVE) was down 24 cents to $33.55.

Nexen Inc. (TSX:NXY), the Calgary-based major oilsands operator and global oil and natural gas producer, lost 15 cents to $21.94. It said Thursday it expects production this year to come in at the low end of its guidance, reflecting downtime at its Buzzard platform in the North Sea and a labour strike in Yemen.

In addition to Buzzard and Yemen, Nexen operates the Long Lake oilsands project in northern Alberta and has a seven per cent interest in the massive Syncrude Canada Ltd. oilsands mine.

Metal prices also advanced with the July copper contract ahead four cents to US$4.09 a pound. But the base metals sector moved down 0.31 per cent and Quadra FNX Mining (TSX:QUX) was 16 cents lower to C$14.51.

The June gold contract on the Nymex climbed $3.30 to US$1,495.70 an ounce. The gold sector was down slightly as Barrick Gold Corp. (TSX:ABX) faded 26 cents to C$43.92.

The TSX is up about 200 points this week, more than making up for last week’s decline. But sentiment has been negative and traders edgy on worries about slowing economic conditions, higher interest rates in countries which have supported the commodity boom such as China and India, and the European debt crisis.

The market is still well off the highs of the year of around 14,300 from early April.

New York markets also headed lower with the Dow Jones industrial average down 28.04 points to 12,577.28.

The Nasdaq composite index fell 5.12 points to 2,818.19 while the S&P 500 index slipped 3.52 points to 1,340.08.

In U.S. corporate news, faster cost increases than Gap Inc. expected sank the company’s first-quarter profit, and the clothing company dramatically cut its forecast for full-year earnings late Thursday. Gap said its net income fell 23 per cent to US$233 million, or 40 cents per share. Its revenue fell one per cent to US$3.29 billion and its shares plunged $3.91 to US$19.38.

Harry Winston Diamond Corp. (TSX:HW) said Thursday May 19, 2011 that it has entered into a business relationship with a group that is in the process of establishing a polished diamond investment fund. The fund being set up by Diamond Asset Advisors AG will be structured as a limited partnership of up to US$250 million offering institutional investors direct exposure to the wholesale market price of polished diamonds. Its shares were up 16 cents to C$15.74.

Asian markets were mixed with Japan’s Nikkei 225 index down 0.1 per cent, South Korea’s Kospi gained 0.8 per cent, Australia’s S&P/ASX 200 fell 0.5 per cent while Hong Kong’s Hang Seng was nearly 0.2 per cent higher.

Mainland Chinese shares edged lower as investors fretted over the economic outlook and watched for possible new, anti-inflation tightening measures by the country’s central banks.

The benchmark Shanghai Composite Index was narrowly down while the Shenzhen Composite Index of China’s smaller, second exchange fell 0.4 per cent.

London’s FTSE 100 index added 0.23 per cent, Frankfurt’s DAX was down 0.47 per cent while the Paris CAC 40 gave back 0.12 per cent.

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 crude prices helped push the Toronto stock market lower Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports sliding crude prices helped push the Toronto stock market lower Friday May 20, 2011, while investors reflect on a positive week and strike a cautious note heading into the long Victoria Day weekend.

The S&P/TSX composite index fell 34.54 points to 13,590.56 while the TSX Venture Exchange rose 7.05 points to 2,009.27.

The Canadian dollar declined 0.27 of a cent to 103.01 cents US as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates.

Statistics Canada reported that inflation rose 0.3 per cent in April, a steep drop from the 1.1 per cent monthly increase experienced in March. Core inflation, which excludes volatile items like food and energy, posted a 0.2 per cent gain following a 0.7 per cent gain in March due to sharply higher energy prices.

The annual core rate edged down to 1.6 per cent from 1.7 per cent in March.

Losses in the loonie picked up after Statistics Canada reported that retail sales were flat in April, well below consensus expectations for a 0.8 per cent increase. Excluding autos, sales fell 0.1 per cent, which was also weaker than expected.

The financials sector led decliners, off 0.35 per cent with Royal Bank (TSX:RY) down 26 cents to $59.65 while Manulife Financial (TSX:MFC) lost 14 cents to $17.45.

The energy sector fell 0.34 per cent as crude oil futures gave back early gains, adding to losses sustained Thursday in the wake of economic data showing that a widely-watched gauge of future U.S. economic performance disappointed. The Conference Board’s leading indicator fell 0.3 per cent during April, which was the first monthly decline since last June.

The June contract on the New York Mercantile Exchange was down 31 cents to US$98.13 a barrel. Suncor Energy gave back 28 cents to C$39.38 and Cenovus Energy (TSX:CVE) was down 24 cents to $33.55.

Nexen Inc. (TSX:NXY), the Calgary-based major oilsands operator and global oil and natural gas producer, lost 15 cents to $21.94. It said Thursday it expects production this year to come in at the low end of its guidance, reflecting downtime at its Buzzard platform in the North Sea and a labour strike in Yemen.

In addition to Buzzard and Yemen, Nexen operates the Long Lake oilsands project in northern Alberta and has a seven per cent interest in the massive Syncrude Canada Ltd. oilsands mine.

Metal prices also advanced with the July copper contract ahead four cents to US$4.09 a pound. But the base metals sector moved down 0.31 per cent and Quadra FNX Mining (TSX:QUX) was 16 cents lower to C$14.51.

The June gold contract on the Nymex climbed $3.30 to US$1,495.70 an ounce. The gold sector was down slightly as Barrick Gold Corp. (TSX:ABX) faded 26 cents to C$43.92.

The TSX is up about 200 points this week, more than making up for last week’s decline. But sentiment has been negative and traders edgy on worries about slowing economic conditions, higher interest rates in countries which have supported the commodity boom such as China and India, and the European debt crisis.

The market is still well off the highs of the year of around 14,300 from early April.

New York markets also headed lower with the Dow Jones industrial average down 28.04 points to 12,577.28.

The Nasdaq composite index fell 5.12 points to 2,818.19 while the S&P 500 index slipped 3.52 points to 1,340.08.

In U.S. corporate news, faster cost increases than Gap Inc. expected sank the company’s first-quarter profit, and the clothing company dramatically cut its forecast for full-year earnings late Thursday. Gap said its net income fell 23 per cent to US$233 million, or 40 cents per share. Its revenue fell one per cent to US$3.29 billion and its shares plunged $3.91 to US$19.38.

Harry Winston Diamond Corp. (TSX:HW) said Thursday May 19, 2011 that it has entered into a business relationship with a group that is in the process of establishing a polished diamond investment fund. The fund being set up by Diamond Asset Advisors AG will be structured as a limited partnership of up to US$250 million offering institutional investors direct exposure to the wholesale market price of polished diamonds. Its shares were up 16 cents to C$15.74.

Asian markets were mixed with Japan’s Nikkei 225 index down 0.1 per cent, South Korea’s Kospi gained 0.8 per cent, Australia’s S&P/ASX 200 fell 0.5 per cent while Hong Kong’s Hang Seng was nearly 0.2 per cent higher.

Mainland Chinese shares edged lower as investors fretted over the economic outlook and watched for possible new, anti-inflation tightening measures by the country’s central banks.

The benchmark Shanghai Composite Index was narrowly down while the Shenzhen Composite Index of China’s smaller, second exchange fell 0.4 per cent.

London’s FTSE 100 index added 0.23 per cent, Frankfurt’s DAX was down 0.47 per cent while the Paris CAC 40 gave back 0.12 per cent.

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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