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Good news report from Canada

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2 September 2007

24 August was the 24th day of the second month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

24 August 2007

Bloomberg News - Canadian Stock Index Posts Biggest Weekly Gain Since March 2003 (24 August 2007) The TSX Composite Index added 69.22 to 13,520.33. It has risen 470 points or 3.6 per cent in five days, its biggest weekly gain in more than four years, on optimism that the North American economy can weather the fallout from the U.S. housing slump. A measure of raw-materials shares gained 1.6 per cent, taking its advance for the week to 7.8 per cent, the best performance among 10 industry groups in the TSX. A measure of financial shares, accounting for nearly a third of TSX's capitalization, rose 3.2 per cent this week. Better-than-expected durable goods orders and new home sales in the U.S., Canada's biggest export market, signaled that demand for commodities won't be stifled by a credit crunch stemming from losses in the U.S. subprime mortgage market. Canada last year sent 87 per cent of its exports to the U.S.

From a Canadian Press report on this: The metals and mining sector was up 2.8 per cent. Industrials also did heavy lifting with the sector up about one per cent.

Canadian Press - Strong economy funnels cash to Ottawa as surplus more than doubles (24 August 2007) The federal government is once again awash in cash thanks to a much stronger than expected economy. In March, Finance Minister Jim Flaherty estimated the surplus would reach C$3 billion. However, the surplus had already reached C$6.4 billion in the first three months of the fiscal year, from the beginning of April through the end of June, the Finance Department said Friday in its latest quarterly fiscal update.

From a CanWest News Service report on this: Not only was the surplus for the April-through-June quarter more than double what was forecast for the full year, it was also C$500 million more than during the same period in the previous fiscal year, a year during which the government piled up an astonishing C$9.2 billion surplus, suggesting the final surplus is on track to come in much higher than the C$3 billion projected in the spring budget. Private-sector forecasters have sharply revised their outlook for economic growth for 2007 to a pre-inflation pace of 5.2 per cent, from 3.9 per cent at the time of the budget, the Finance Department noted. The updated private-sector forecasts project after-inflation growth this year of 2.5 per cent, up from the 2.3 per cent in the budget. The report is good news in that it reflects a strong economy, said J.P. Morgan economist Ted Carmichael.

Reuters Canada - Canadian dollar ends higher as market calms (24 August 2007) The Canadian dollar finished higher against the U.S. currency on Friday and for the week as a sense of calm returned to global markets. The Canadian dollar closed at 95.06 U.S. cents, up from 94.76 U.S. cents, at Thursday's close. For the week, the Canadian currency rose 0.9 per cent, the biggest weekly gain in three weeks. 'The broader story here is that global markets continue to calm down a bit, there is a bit more confidence in the outlook and generally that's a positive for the Canadian dollar,' said Doug Porter, deputy chief economist at BMO Capital Markets.

Reuters Canada - Canadian dollar seen resilient after credit panic (23 August 2007) The Canadian dollar is likely to prove resilient in the coming months on stable global growth. The credit crisis earlier this month pulled the Canadian dollar down from a 30-year high, but it has since been one of the best performing currencies. '...despite all this financial market turmoil the global economic outlook really didn't get affected,' said David Watt, senior currency strategist at RBC Capital Markets. Canadian economic data, which have topped estimates for much of 2007, have also played a major role in supporting the Canadian dollar. 'If you stack it up, the list of positives for Canada is still quite long,' Watt said.

Bloomberg News on Royal Bank of Canada profit rises 19 percent (24 August 2007)/ Royal Bank of Canada, the nation's biggest lender, reported profit that beat analysts' estimates. Third-quarter net income climbed 19 per cent to C$1.4 billion. Canadian banks have so far not been buffeted by the credit crunch sparked by rising defaults in U.S. subprime loans. Overall revenue rose 5.4 per cent to C$5.48 billion. Royal Bank had C$1.42 billion in mutual fund sales in the quarter, up from C$720 million a year earlier. Profit at the RBC Capital Markets investment banking unit rose 19 per cent from a year ago to C$360 million. Underwriting and other advisory fees rose 22 per cent to C$309 million. The firm ranked No. 1 for advising Canadian firms on mergers and acquisitions.

From a Canadian Press report on this: Wealth management jumped 30 per cent as domestic businesses continued to see an upswing in results.

The Globe and Mail - Ottawa seeks to stop oil dumping, save seabirds (23 August 2007) The federal government is beefing up its enforcement arsenal in British Columbia to deter ship operators from illegally dumping oily bilge waste into the ocean—a practice that could be killing hundreds of thousands of seabirds every year. This fall, Transport Canada's new C$10-million Dash 8 will begin flying surveillance runs over B.C. waters and the western Arctic, as the government also peers at the Pacific using special satellite images. The new forms of surveillance, already in use in Eastern Canada, are meant to scare off unscrupulous bilge-dumpers trying to avoid the cost of disposal at port. The accumulated oil—a little here and a little there—creates chronic oil pollution, devastating for fragile seabirds, and other marine creatures. Polluters are thought to dump in remote areas under the cover of clouds, fog, or darkness. Surveillance from the new plane and the satellite images can pierce this cover.

CBC News - Cables to lay foundation for deep sea observatory (23 August 2007) A ship is laying more than 900 kilometres of fibre-optic cable that's to be the backbone of the first real-time, cabled ocean observatory, stretching from Vancouver Island out hundreds of kilometres and to depths up to 2,800 metres along the bottom of the Pacific Ocean. Attached to that cable will be hundreds of sampling instruments that scientists in Canada and around the world will be able to tap into and control from shore, seven days a week, 24 hours a day, by computer. 'If you're a scientist in St. John's, Nfld., or Timbuktu, if you've got internet, you can alter the pan and tilt on a camera,' said project manager and geologist Chris Barnes from the University of Victoria. The Canada Foundation for Innovation is providing nearly C$40 million and the B.C. Knowledge Development Fund another C$38.5 million. 'These insights will help directly, and indirectly, in our search for climate change solutions by way of prevention, adaptation and mitigation,' said David Turpin, president of the University of Victoria, which is the lead school in a consortium of 12 Canadian universities involved in the project.

From a Victoria Times Colonist report on this: Understanding the chemistry, physics, geology, and biology of the ocean will have major economic, social and environmental spinoffs, said University of Victoria president David Turpin. 'It will help directly and indirectly in our search for climate-change solutions.'

The Globe and Mail on conference with Inuit and Quebec Premier (24 August 2007) At a conference Thursday aimed at giving the Inuit new power and money to govern themselves, Quebec Premier Jean Charest promised money to increase the housing stock in Nunavut. Other Quebec ministers announced further cash to improve living conditions, economic development, and transportation. Mr Charest said he supports giving the Inuit more 'autonomy' over their lives. He portrayed the new regional government of Nunavik as a structure unlike any other in terms of Canada's relationship with aboriginals. 'This meeting is historic, and that's not an exaggeration or a cliche,' said Mr Charest.

These are a few of the news reports reflecting Canada's rising invincibility from the growing Yogic Flying groups across Canada and the Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.html.

Copyright © 2007 Global Country of World Peace

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