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Good news report from Canada

Global Country of World Peace    Translate This Article
23 February 2007

21 February was 21st day of the eighth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

21 February 2007

Reuters Canada - Canada retail sales spike signals revived economy (21 February 2007) Canadians hit the stores in a big way in December, fueling a higher-than-expected 2.3 per cent spike in retail sales and cementing the view that December was a turning point for the economy. The flurry of retail activity at year-end was more than twice the 1.0 per cent rise forecast by analysts in a Reuters poll. It was the latest in a string of data that suggest a pickup in economic growth in December. The strength was spread across all sectors and most geographical regions, Statscan said.

Bloomberg News - Canada December retail sales rise the most since 1997 (21 February 2007) Canadian retail sales surged at the fastest rate in nine years in December, adding to gains in exports and wholesaling, and suggesting the economy ended the year in a broad-based expansion.

Bank of Canada Governor David Dodge says consumer spending will lead growth this year and there are signs the momentum for consumer spending has carried into this year, fueled by job growth.

Bloomberg News - Canadian dollar rises to 7-week high on surging retail sales (21 February 2007) Canada's dollar rose to a more than seven-week high after a report showed retail sales in December grew at the fastest pace in nine years, adding to recent gains in exports and wholesale trade that suggest the economy is in a broad-based expansion. The currency has rebounded after dropping earlier this month and has gained more than 2 per cent since then, as the economy shows strength.

Reuters Canada - Toronto stocks rise as inflation news cheers (20 February 2007) The TSX composite index set a record high close Tuesday, up 28.10 points at 13,319.65, surpassing the previous record high close of 13,311.95 on 16 Feb.

Financials rose cheered by inflation figures that reinforced the view that the Bank of Canada will leave interest rates unchanged for some time.

From a Bloomberg News report on this: Canadian stocks notched the fourth record in five days, led by financial shares. The benchmark is up 3.2 per cent this year.

The Globe and Mail - British Columbia Finance Minister doles out the goodies (21 February 2007) Buoyed by an extraordinarily vibrant economy, BC announced a 10-per-cent cut in provincial income tax, projected to save taxpayers $1.5 billion by 2010, bringing the province's tax rate for most income earners to the lowest in the country. At the same time, Finance Minister Carole Taylor called the government's new housing strategy 'the most aggressive, ambitious and comprehensive housing initiative in B.C. history.'

And its overall 'holistic' approach, fusing many disparate elements into one programme, has never before been tried in Canada, she said. The government has earmarked more than $2 billion over four years to help 'everyone from the homeless to the homeowner.'

Flush with cash, the government has allocated $250 million from the surplus to set up a Housing Endowment Fund. The estimated $10 million a year the fund will earn will be applied to innovative housing projects.

Ms. Taylor said the province's economy has rarely been better. The January unemployment rate of 4.3 per cent is the lowest in 30 years, while its annual economic growth is projected to remain above 3 per cent until at least 2011.

From a Canadian Press report on this: First-time home buyers in all areas of the province will be able to buy a home valued at up to $375,000 without paying the property transfer tax, a savings of up to $5,500. And low-income seniors concerned the skyrocketing value of their homes means they can't afford to pay the property taxes will now be eligible for home owner grants that will cut their tax bill no matter what the value of their homes are.

Environment initiatives in the budget include an extension of the $2,000 provincial sales tax break on the purchase of hybrid vehicles. Also, tax exemptions for energy efficient windows, doors, furnaces, and boilers will be extended and the tax exemption for alternative fuels will be expanded. The budget forecasts a $3.2-billion surplus for next year's budget and economic growth of 3.1 per cent.

The National Post - Prairie land prices spike (21 February 2007) After climbing at a leisurely average of about 2 per cent annually for the past several decades, Prairie agricultural land has spiked, jumping as much as 20 per cent over the past two years, said Gary Pike, chief executive of Pike Management, an agricultural-services management firm based in Calgary. Most of this lift has happened since the summer.

After languishing for more than a decade, prices for most agricultural commodities became airborne in the second half of 2006 on the back of excitement over biofuels. Having benefited from the stronger prices of last fall, farmers are plowing their profits back into their businesses, buying more farmland in anticipation of even stronger prices in coming years.

CBC News (20 February 2007) The Calgary Health Region has a programme of providing alternative therapies which have shown promise in patients dealing with the anxiety of pain and illness.

The Toronto Star reports (19 February 2007) Long-time social activists sense there is a shift taking place in the mainstream of Canadian politics—a sea change in attitude that is pushing for real action to replace the Band-Aid remedies of past years. York University professor and author Brenda Zimmerman says that once social change starts to happen, things can really take off in a hurry.

'It's like a cascading affect,' says Zimmerman, who teaches at the Schulich School of Business. She points to current concerns over the environment, always in the background, that have now unleashed a strong commitment by voters, businesses, and government to tackle the issue.

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:

Copyright © 2007 Global Country of World Peace

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