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Report from Canada: Good news

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28 September 2007

19 September was the 19th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

19 September 2007

The Toronto Star - Housing market boosts leading index (19 September 2007) The composite leading index rose 0.3 per cent in August, equalling its average monthly gain over the last three months. Household demand remained the engine of growth, led by robust housing market conditions, while manufacturing activity firmed. Housing starts rebounded in August, while the underlying strength in housing demand was reflected in the steady growth of sales of furniture and appliances. Outlays for other durable goods continued to post healthy gains. The average workweek was steady for the third straight month, and manufacturing employment rose on balance in July and August after a lengthy period of decline.

From a Statistics Canada report on this: Household demand advanced across the board.

From a Bloomberg News report on this: Canada's index of leading economic indicators rose in August on household spending, Statistics Canada said. Sales of furniture and appliances rose 0.5 per cent and those of other durable goods rose 0.4 per cent. The gauge compiles indicators from the stock market to the money supply to give a picture of the economy in the months ahead. Seven of 10 components rose in August.

Canadian Press - Canadian inflation falls sharply; interest rates likely to remain stable (19 September 2007) Canada's worrisome inflation problem made great strides toward stability last month as all three price indexes monitored by the Bank of Canada to set interest rates moved lower. The retreat was sharpest in the headline all-prices index, which fell to 1.7 per cent in August on an annual basis, from 2.2 per cent in July. It was the first time in eight months that this index, which measures the prices of all goods and services in the country, fell below two per cent. But as important for the central bank, the core index, which excludes volatile items such as gasoline and fresh fruit, dropped for the second straight month to 2.2 per cent, from 2.3 per cent in July and 2.5 per cent in June. And another measure considered by the bank, prices excluding energy components, fell to 2.3 per cent from 2.5 per cent in July.

The drop in inflationary pressures in the Canadian economy will likely persuade the Canadian central bank to keep borrowing costs stable over the next few months. The current month may actually come in at or under the central bank's two per cent target for the first time since July 2006, Douglas Porter, deputy chief economist at BMO Capital Markets, said. CIBC economist Warren Lovely said the strong loonie [popuar name for the Canadian dollar] will continue to help tame core prices despite all the inflationary pressures from the strong economy.

From another Canadian Press report on this: Canadians paid 4.9 per cent less for fresh vegetables and 2.3 per cent less for fresh fruit in August, as well as getting big bargains on computer equipment and supplies, which were an extraordinary 17.4 per cent lower in August than the corresponding month last year.

From a CBC News report on this,: Gasoline prices were 7.7 per cent lower in August than they were a year earlier. That was the biggest drop in gas prices since last January. 'With the strength of the Canadian dollar in relation to the U.S. greenback [dollar], local refineries were able to pay less for crude oil in August 2007 than they did during the same period in 2006,' Statistics Canada said. On a month-over-month basis, the cost of living actually fell 0.3 per cent from July. That's the biggest monthly drop in almost a year.

From a CanWest News Service report on this: Lower prices for vehicle purchases and leases were another factor in the drop. The annual inflation rate was slower in all provinces.

From a Bloomberg News report on this: 'The Bank of Canada is in no rush to join the Fed [US Federal Reserve] in cutting rates, given much stronger growth fundamentals,' Warren Lovely, an economist at CIBC World Markets in Toronto, wrote. Today's figures and the Canadian currency's surge, however, suggest the Bank of Canada may not need to raise interest rates to stem inflation amid record home prices.

Statistics Canada - Large urban transit (19 September 2007) Combined ridership on 10 large urban transit systems in Canada was 5.6% higher in July 2007 than it was for the same month in 2006. Approximately 103.2 million passenger trips were taken on these transit systems in July. These systems account for about 80% of total urban transit in Canada.

The Globe and Mail - Better educated work force creates opportunities for all, report says (19 September 2007) The more educated a work force is, the more opportunities for employment there are for everyone—even those who do not have an advanced degree—says a report from the Organization for Economic Co-operation and Development (OECD). Just as a rising tide lifts all boats, the report finds evidence that when an increasing number of people go on to higher education, the job prospects for individuals who have less education are improved. This could be a reflection of the economic growth that comes from a highly skilled labour force, the report suggests. Still, the report finds that college and university graduates continue to earn more income and find jobs more easily than those without degrees. In the case of Canada, the report finds that 46 per cent of the work force between 25 and 64 years of age have a college or a university degree—the highest level among OECD countries. Twenty-three per cent of the work force have a university degree or higher. This is above the OECD average of 19 per cent.

CBC News - Payout for residential-school students a 'symbolic' apology: Fontaine (19 September 2007) Canada on Wednesday formalized a landmark compensation deal for an estimated 80,000 former residential school students. 'This is an important day. It is a day of celebration. It is a perhaps—and I don't want to overstate this—even a turning point in the history of our nation,' Assembly of First Nations Chief Phil Fontaine said. The federal government-approved agreement will provide at least C$1.9 billion to the former students who had attended 130 of the schools funded by the federal government from the 1870s until the mid-1970s. Fontaine said history would enshrine the moment now that the government has made a 'symbolic' acknowledgement with an attempt to reconcile. Payments are expected to average about C$28,000 for each of the former students.

Canadian Press - Environment Minister claims he and Suzuki are on same page (18 September 2007) Environment Minister John Baird says he and David Suzuki are on the same page when it comes to addressing the effects of environmental degradation on public health. Baird met with Canada's best-known environmentalist on Tuesday to discuss a report on linking the environment and health. The David Suzuki Foundation presented it at the annual meeting of the Canadian Public Health Association, calling for governments to pay closer attention to how air and water contaminants give rise to disease. 'We're in total agreement that it's important to deal simultaneously with the issues of environment and health,' Baird said. 'There [are] a lot of good suggestions in his report and we're committed to considering them.' Those suggestions include tougher standards on industrial pollutants, supporting the academic field of environmental health, and more closely monitoring how certain contaminants affect the public.

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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