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Clearlease.com: Reports Miners move TSX higher in catch-up trade after holiday weekend(M2 PressWIRE Via Acquire Media NewsEdge) VANCOUVER, BC - Dominion Lending Centres Clearlease Reports Toronto's main stock index edged up to its highest level in nearly a month on Monday morning as shares, particularly those of base-metals miners, played catch-up with broad gains in U.S. stocks on Friday, when Canadian markets were closed for a holiday. U.S. stocks, which won't trade on Monday July 4 because of the Independence Day holiday, jumped more than 1 percent on Friday on strong manufacturing data that eased concerns about slowing growth. Teck Resources was the most influential gainer, in Toronto on Monday morning, rallying 3.7 percent to C$50.84 on the back of stronger copper prices. Suncor Energy , up 1.3 percent at C$38.28, and Toronto-Dominion Bank up 0.7 percent at C$81.69, rounded out the top three gainers. "The metals seem to be playing catch-up here," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier, noting he expects performance in the second half of the year to be driven by cyclical base-metals and energy shares. "There's been a considerable change in tone to the overall market just within the last few weeks," Nakamoto said. "We'll have to see with the somewhat resolution of Greece if this risk-on trade is going to continue here." Comments from Standard & Poor's that Greece would likely be in default if it follows a debt rollover plan pushed by French banks revived some lingering concerns about the stability of euro zone debt. The warning came after much anticipated news on Saturday that euro zone finance ministers had approved a 12 billion euro loan to help Greece avert debt default, but the country still needs another rescue package expected to total around 110 billion euros. Among heavyweight laggards on Monday, Barrick Gold was down 0.8 percent at C$43.46, and Cenovus Energy lost more than 1 percent to C$36.02. At 10:18 a.m. (1418 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 23.04 points, or 0.17 percent, at 13,323.91. Seven of its 10 sectors were stronger. Earlier, the TSX rose as high as 13,327.61, its highest level since June 7. Wi-LAN surged 8.7 percent to C$8.46 after the patent licensing firm said it had settled litigation related to Bluetooth technology with chipmaker Texas Instruments for an undisclosed amount. Research In Motion rose 1.3 percent to C$28.24 after the BlackBerry maker, Apple, Microsoft, and three other companies joined forces to outbid Google at an auction for Nortel wireless patents, a move that could result in big licensing fees for Google. "Also there is such a large short position on RIM, that any bit of positive news, people will take it to cover their shorts," Nakamoto said. "Even though it's an out-of-favor stock, the P/E ratio is still around five times, it's an awful cheap stock just looking at valuation metrics." ($1=$0.96 Canadian) Our mission is to finance our clients' dreams, helping grow healthy, profitable ventures by improving credit strength and enhancing balance sheets - building opportunities for a better future. Dominion Lending Centres Clearlease are specialists in; lease, equipment leasing, leasing, lease equipment, equipment lease canada, equipment financing, financing, leasing companies, leases, equipment leases, lease financing, equipment lease finance, business financing, lease new, lease used, commercial equipment lease, business finance, business lease, truck lease, truck financing, auto financing, commercial vehicle lease, business financing specialist, leasing services Calgary, alberta, lease canada, bobcat, skid steer, excavator, loader, heavy equipment. For more information please visit us at: http://clearlease.com/contact.html About Dominion Lending Centres Clearlease Dominion Lending Centres Clearlease Commercial (DLC Clearlease / Clearlease.com / DLCC/DLCCC) 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 Dominion Lending Centres Commercial Capital (DLCCC). 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 Alexander Pidgeon and Rene Pidgeon. 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: 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: [email protected] Website: http://www.clearlease.com News: http://clearlease.com/category/equipment-lease-blog/feed/rss Twitter: @clearlease Video Link: http://youtu.be/f_kk7WJa7Uk ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). (c) 2011 M2 COMMUNICATIONS |