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Good news report from Canada
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14 April 2007
12 April was the 12th day of the tenth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
12 April 2007
Bloomberg News - Canada's TSX Climbs to Record on M&A, Oil (12 April 2007) The TSX Composite Index added 98.66, or 0.7 per cent, to 13,499.65 in Toronto, exceeding its previous record on April 9. The benchmark index has gained 4.9 per cent this year.
The National Post - Housing starts rebound in March (12 April 2007) Canadian new-home starts rebounded in March, as demand for urban housing increased. Housing starts rose to 210,900 on an annual basis from 196,000 in February, when colder-than-normal temperatures crimped construction. Starts in cities rose 9.1 per cent in March. The prairie provinces of Alberta, Saskatchewan, and Manitoba led the gain, with a combined 26 per cent increase, followed by British Columbia at 11.3 per cent and Quebec with 10.5 per cent.
From a CBC News report on this: Urban multiple starts, which include condominiums and apartments, also climbed noticeably from 82,800 in February to 92,700 in March. Meanwhile, single starts climbed 6.2 per cent in March to 85,200 units. Bart Melek, a BMO Capital Markets economist, said he expects strong employment and low interest rates will bolster the market.
Reuters Canada - Canada Feb housing prices up 0.5 per cent from Jan (12 April 2007) New housing prices in Canada gained 0.5 per cent in February from January, the second straight increase, Statistics Canada said on Thursday. In the month, Regina led the pack with a 4.7 per cent rise in new home prices, while prices in Qu�ebec and Edmonton climbed 2.7 per cent in February. Home ownership and maintenance carrying costs, closely watched by the Bank of Canada for signs of inflationary pressure, rose 10 per cent in the 12 months through February, the lowest rate since June 2006.
From a Globe and Mail report on this: Contractors across Canada sold new homes for an average 10 per cent more than they did last February, on a year-over-year basis.
Bloomberg News - Canadian dollar rises to highest since November as commodity prices climb (12 April 2007) The currency climbed for a third straight day, the longest winning streak since February, gaining 0.4 per cent to 88.14 US cents at 4:21 p.m., the strongest since Nov. 29. 'There has been a lot of positive news building up for the currency,' said Camilla Sutton, a currency strategist at Scotia Capital. The Loonie (Canadian dollar) has gained about 4.7 per cent since Feb. 8. The Bank of Canada's commodity prices index reached 206.90 last week, the highest since August. The currency's appreciation accelerated after it moved past its 200-day average yesterday and got a boost today from a report showing new-home prices rose in February more than forecast, evidence the housing market remains buoyant.
The Globe and Mail - Pension plans staging strong recovery, study shows (12 April 2007) Corporate pension plans in Canada are in better shape than they've been for half a decade, and that could help boost the cash flow of some companies that have had to pump money into their plans in recent years, a new study indicates. On average, the ratio of Canadian pension plan assets to liabilities has risen sharply, to 98 per cent at the end of March, from 86 per cent at the beginning of 2006. The funding ratio had languished around the 90 per-cent mark from mid-2002 until near the end of 2006. In general, pension plans now have almost enough money in them to cover their future obligations to retirees, while roughly half of the pension plans in Canada are in surplus.
From a National Post report on this: Canadian pension funds are getting healthier, as strong returns in the equity markets and better bond yields fueled improvements.
Canadian Press - Canada to push for IMF reform at G7 finance meeting (11 April 2007) Finance Minister Jim Flaherty will be seeking substantial progress in reforming the International Monetary Fund during G7 finance meetings this week, officials say. The IMF has been criticized for its secrecy and failure to respond to the challenges of the developing world. One thing Ottawa wants to see is regulation of the IMF's lending role, which in the past has served to pile unsustainable debt on insolvent developing nations.
From a Reuters Canada report on this: Canadian Finance Minister Jim Flaherty is taking the lead on a proposal for G7 nations to recognize each others' securities regulatory regimes to unblock cross-border securities trading.
CBC News - Port of Vancouver first in Canada to entice ships to go green (10 April 2007) The Port of Vancouver is the first in Canada to attempt to entice ships to burn cleaner fuels and lower greenhouse gas emissions. The harbour reduces dues to ships burning cleaner fuel, ranking emissions at gold, silver, and bronze levels. Darrell Desjardin, director of environmental programs with the Port of Vancouver, said two container lines have already committed to using lower sulphur fuels. 'We've actually seen shipping lines competing against each other to get to a higher classification.' Gary LeRoux, executive director of the Association of Canadian Port Authorities, said other Canadian ports are also considering similar action.
Canadian Press - Canada joins int'l group to fight illegal trade in wildlife (11 April 2007) Canada is joining an international group that fights the illegal wildlife trade, a black market worth US$10 billion a year, that is driving many species to the brink of extinction and threatening global biodiversity. The Coalition Against Wildlife Trafficking, started by the United States in 2005, now includes India, Britain, Australia and 14 conservation and industry organizations. Environment Minister John Baird is in Washington to announce Canada's participation.
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.
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