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Good news report from Canada

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7 September 2007

30 August was the 30th day of the second month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

30 August 2007

Reuters Canada - Canada Q2 current account swells on goods surplus (30 August 2007) Canada's current account surplus widened in the second quarter to C$8.36 billion as the trade surplus in goods swelled for a third straight quarter, despite the strong Canadian dollar. That was up from C$6.11 billion in the first quarter. The surplus in goods reached its highest level since the fourth quarter of 2005. The travel deficit declined for the second straight quarter as receipts from U.S. travel visitors increased.

From a Canadian Press report on this: Exports of industrial materials increased by C$1.4 billion, registering a seventh consecutive record high. In the capital and financial account, growth in Canada's foreign assets significantly outpaced that of international liabilities.

From a Bloomberg News report on this: Canada has generated 32 straight quarterly surpluses, generating an inflow of funds that has fueled a surge in the currency. 'The data remind markets of the Canadian dollar's solid fundamentals,' Avery Shenfeld, senior economist at CIBC World Markets, said. The current account is the broadest measure of trade because it includes exports and imports of goods and services, transfers, and investment income.

From a Statistics Canada report on this: Foreign direct investors added another C$17.1 billion into the Canadian economy during the second quarter, bringing the total investment so far this year to C$39.2 billion. This was the second highest investment ever for the first six months of a year. International loans, deposits, and reserves recorded a net inflow of C$9.4 billion in the second quarter. This was up from a net inflow of C$2.5 billion in the first quarter, and was essentially due to sizable inflows of international deposits for a second consecutive quarter. The Canadian dollar made significant gains during the quarter against all major currencies.

Bloomberg News - Canadian Imperial, National Profits Rise on Investment Banking (30 August 2007) Canadian Imperial Bank of Commerce and National Bank of Canada reported higher-than-expected third-quarter profits. CIBC said net income for the period ended July 31 climbed 26 per cent to a record C$835 million. National Bank, the sixth-biggest lender, said profit rose 10 per cent to C$243 million. Earnings for the six banks topped analysts' estimates, rising on average 16 per cent, as record mergers lifted advisory fees and a 30-year-low jobless rate boosted demand for credit cards and mutual funds. 'The banks are a good measure of the economy, and as long as the economy is doing well, the banks will do well,' said David Cockfield, who helps manage C$2 billion in assets at Leon Frazer & Associates. Canadian Imperial, Canada's fifth-biggest bank, said investment-banking profit rose 37 per cent to C$261 million. Consumer banking profit rose 14 per cent to C$555 million. Overall revenue rose 5.4 per cent to C$2.98 billion.

From another Bloomberg News report on this: CIBC World Markets managed C$852 million in equity sales in the period, up 44 per cent from a year earlier, and debt issues rose 58 per cent to C$2.79 billion. CIBC is the last of the six biggest Canadian banks to report earnings. Bank of Nova Scotia, Royal Bank of Canada, and Toronto-Dominion Bank also beat analysts' estimates on higher mutual fund sales, consumer lending, and investment-banking fees.

The National Post - Massey reborn in India (30 August 2007) A great Canadian brand name is being revitalized. In the first half of the 20th century, Massey-Harris Co. sat perched at the pinnacle of Canadian manufacturing, churning out tractors famous the world over. But as manufacturing began to decline, so did Massey Ferguson's success. In 1994, the farm-equipment division came under the control of American agriculture company, AGCO Corp. Now there is a new chapter to the Massey story. AGCO announced last week it will build low-horsepower Massey Ferguson-brand tractors in India, then import them into the United States from India. The vehicles will be built as part of a joint venture with a company called Tafe, the number two player in the Indian tractor market. 'From a worldwide perspective, by far it's the largest brand we've got,' said Robert Crain, senior vice-president for North America, of AGCO's Massey product line.

AGCO hopes to leverage the brand's global popularity to sell low-cost, low-horsepower tractors, based on Indian models, to a fast-growing segment of North American consumers: the hobby farmer. Across the United States and Canada, wealthy urban dwellers are buying up farmland outside of major cities to engage in farming. Mr Crain describes the so-called rural lifestyle segment as 'booming'. Now plans are also afoot to import the new tractors to a place where Massey is most certainly well known—Canada. The 40-horsepower and below tractor market is growing faster in Canada than in the United States, said Mr Crain, and on a percentage growth basis it's one of the strongest markets in the world.

The National Post on Ontario's 20-year energy plan (30 August 2007) Ontario's power system will rely on more wind, solar, and other renewable energy sources; build more nuclear and natural gas power plants; and ask consumers to save more electricity to meet the province's energy needs for the next two decades, under a C$60-billion plan by the Ontario Power Authority that would phase out Ontario's coal-fired power plants by 2014. Environmentalists said the plan relied too heavily on expensive and often unreliable nuclear power. The document would dramatically increase the amount of power generated by renewable energy sources to 12% from the current 9%. The plan calls for an additional 10,402 megawatts of power generated by renewable sources, primarily hydroelectric, wind, solar, and biomass generating systems by 2010, and 15,700 megawatts by 2025. It also calls for 6,300 megawatts in reductions through programmes encouraging energy-efficient buildings or vehicles with payments or incentives. The plan projects that conservation will meet 11% of expected demand within the next seven years, up from 2% this year.

From a Globe and Mail report on this: The authority said the elimination of coal-fired power would reduce the province's greenhouse gas emissions from the electricity sector from 30 megatonnes a year, to about 5 megatonnes.

CanWest News Service - Alberta has best-performing labour market in North America: study (30 August 2007) Alberta has had the best-performing labour market in North America over the past five years, beating out 50 U.S. states and all other Canadian provinces, according to a study released by The Fraser Institute Thursday. Saskatchewan was the second-best performing province, finishing 10th among the 60 jurisdictions. B.C. was the third-best province at 12th overall. 'Workers in Western Canada are enjoying the benefits of a healthy labour market, an indication of their strong economies,' said Niels Veldhuis, co-author of the study and director of fiscal studies at the Fraser Institute. He noted that Alberta's impressive showing was due to relatively strong performance across all measures.

The Vancouver Sun - Minister vows to make B.C. students healthier (30 August 2007) British Columbia students will become the healthiest in the country if Education Minister Shirley Bond has her way. Bond said healthy schools will be a top priority for the education ministry as the 2007-08 school year gets underway Tuesday. Bond said she plans an aggressive new strategy this year that aims to reduce junk food in schools and increase physical activity for students. 'I want British Columbia to be leading the country,' she said. The B.C. government has already vowed to eliminate junk food from schools by 2009, but Bond said that may not be fast enough. She also wants to encourage students to be more active. 'Because our children are in schools such a large part of the day, we need [to have] a culture that emphasizes the importance of healthy eating and physical activity,' she said. 'We need to be bold and aggressive and I think you're going to see us do just that.'

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.

Copyright © 2007 Global Good News(sm) Service

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For information about Maharishi's seven-point programme to create a healthy, happy, prosperous society, and a peaceful world, please visit: Global Financial Capital of New York.

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