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Good news report from Canada - Part I
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18 April 2007
4 April was the 4th day of the tenth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
4 April 2007
Bloomberg News - Canada stocks reach record on takeovers, metals; Lundin soars (4 April 2007) The TSX Composite Index rose 87.08, or 0.7 per cent, to 13,448.31 in Toronto on Wednesday. That exceeded the previous all-time closing high set on 26 Feb. 'The Canadian stock market is not overly expensive,' and 'the world economy is still growing,' said Pierre Bernard, vice president of Canadian equities at Montreal-based Industrial Alliance Fund Management Inc., which manages about $13.6 billion.
Bloomberg News - Canadian mutual fund sales jump to about $5.2 billion in March, IFIC Says (3 April 2007) Canadian mutual fund sales jumped at least 36 per cent last month to about $5.2 billion. Sales a year earlier were $3.6 billion. Sales exceeded redemptions by $4.9 billion to $5.5 billion, the Investment Funds Institute of Canada said in a preliminary report. March marked the ninth consecutive month in which fund sales exceeded redemptions. Assets managed by Canada's mutual fund industry probably rose 1.3 per cent in March from the previous month, to at least $686 billion. Canada's TSX Composite Index rose 0.9 per cent last month, its fifth winning month out of the past six.
CBC News - Mutual funds post rosy Q1 (3 April 2007) Canada's mutual fund industry posted another solid sales month in March. Combined with January and February sales, which were the highest in 10 years, the first quarter was one of the industry's best ever. 'Long-term fund sales for the first quarter of 2007 are estimated at $17 billion, the highest ... since 1998,' Investment Funds Institute of Canada vice president Pat Dunwoody said. Long-term fund sales figures exclude sales of money market funds. The first quarter also turned out to be a positive one for the owners of mutual funds. Morningstar Canada reported that all but one of 42 fund categories it tracks made money in the January to March quarter.
The Globe and Mail - Outlook positive for small businesses: survey (4 April 2007) Canada's economic and financial outlook bodes well for small-business owners into 2008, a TD Economics report suggests. The national unemployment rate will stay at close to a 30-year low over the forecast horizon, and challenges will be offset by robust domestic demand. 'The economic backdrop, including solid domestic demand and historically low interest rates, should be generally supportive for small business, particularly those serving local markets,' the report said. Domestic demand, which encompasses spending and investment by households, businesses, and governments, is expected to experience a robust 3.3 per cent increase in 2007 and 2008.
The National Post - Canadian banks' profits up 50% (4 April 2007) Canada's buoyant economy propelled profits at the big six banks to more than $19 billion last year, 50 per cent higher than in 2005. 'And look at the wonderful first quarters the banks are recording in 2007. Many are close to, at, or over $1 billion for the quarter, when it wasn't that many years ago that hitting $1 billion for the year was a pretty good thing,' said Diana Chant, leader of the financial services practice at PricewaterhouseCoopers. Banks are doing well across many sectors because of the strong economy, while loan losses 'were exceedingly low, remarkably low,' Ms. Chant said.
Canadian Press - Ontario 'attaching value' to its water (3 April 2007) Ontario announced it is introducing legislation, The Safeguarding and Sustaining Ontario's Water Act, which will implement a deal with Quebec and eight US states to ban almost all water transfers outside the Great Lakes basin and slap a levy on businesses making money off the resource. Environmental groups applauded the government for its Great Lakes initiative. 'They're thinking ahead, I'm for it,' said Robert Wright of the Sierra Legal Defence Fund.
CBC News - B.C. premier launches green mission to Alaska, Washington and Oregon (3 April 2007) B.C.'s premier is off again, promoting his vision of a clean, green alliance on the west coast of North America. 'Climate doesn't care about the border,' said Gordon Campbell. 'We think that we can help lead the continent in a direction that will reduce our carbon emissions, make sure we start to mitigate the impacts of climate change and . . . create new economic opportunities on the West Coast.' He said the combined population of the West Coast states and BC is around 50 million. 'That starts to have a real impact on the marketplace and starts to really create opportunities for us to build momentum behind the shifts that we've got to make.' The premier said, 'I want to meet directly with the governors and talk to them about coordinated action on climate change, see where we have common goals and objectives,' adding, 'Climate change is beyond politics.'
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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