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Good news report from Canada

Global Country of World Peace    Translate This Article
21 May 2007

15 May was the 15th day of the eleventh month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

15 May 2007

Reuters Canada - Canada factory shipments snap higher in March (15 May 2007) Canadian factory shipments in March roared to their highest value since mid-2004, cementing views that the economy is staging a robust comeback. Statistics Canada said on Tuesday the value of manufacturing shipments lept by 2.8 per cent in March from February, the biggest monthly gain in 26 months, topping analysts' estimates of a 1.0-per cent increase. Analysts expect first-quarter economic growth of 2.6 per cent, nearly double the 1.4 per cent growth rate in the fourth quarter, according to the median estimate in a Reuters poll in April. Based on data so far, some economists are now predicting quarterly growth of 3 per cent or better. 'The manufacturing report supports our call that the economy reaccelerated sharply in the first quarter ...,' said RBC Economics. Statscan revised the February value of shipments to a gain of 0.4 per cent from a 0.2-per cent decline previously.

Bloomberg News - Canadian Stocks Rise, Led by Financial Shares (15 May 2007) Canadian stocks rose, led by financial companies. The TSX Composite Index gained 31.36 to 13,934.64. The Canadian stock benchmark has risen 3.9 per cent this month and is 0.5 per cent below its record 14,003.82 close on 11 May. A measure of financial stocks, the biggest by weighting in the TSX, added 0.4 per cent and contributed the most to the benchmark's advance.

Bloomberg News - Canada's dollar climbs to 11-month high on report of manufacturing gains (15 May 2007) The currency traded above 91 cents for the first time since May 2006, after a report showed manufacturing shipments rose 2.8 per cent in March, the fastest since January 2005, beating analysts' forecasts. The Canadian dollar rose to 91.01 US cents at 4:09 p.m., and reached the strongest since June. 'The rally is gathering more momentum as we see a consistent strength in the economic data,' said Jack Spitz, director of foreign exchange at National Bank of Canada. Bank of Canada's commodity price index reached 211.59 on May 2, the highest since December 2005. From a CBC News report on this: The dollar is now less than half a cent from setting a new 29-year high. Since 29 January, the currency has risen by almost eight per cent.

The National Post - Strong resale (15 May 2007) Sales of existing homes will reach a new record this year, the Canada Mortgage and Housing Corp. reported. Growth in the average price will remain high at 9.6 per cent in 2007. 'Housing demand will continue to be supported by a positive economic picture and a healthy employment market ...,' the report said. In Ottawa, the housing market is doing better than expected, buoyed by a strong economy and continued low interest rates. In a revised forecast, CMHC predicted a record 14,000 existing houses would be sold this year in Ottawa, up a few hundred from its previous forecast issued last fall. Construction of 5,750 residential units will be considerably stronger than originally forecast.

Canadian Press - Mutual fund sales soar (15 May 2007) Mutual fund providers feasted on rising financial markets last month and posted net sales of $2.55 billion, up strongly from $468 million in April of last year. 'Historically, there tends to be an industry-wide slowdown in sales between March and April when investors take a breather after the RRSP season. However, this April we've seen sales that are $2 billion higher than the same period in either of the last two years,' Pat Dunwoody, vice-president of communications for the Investment Funds Institute of Canada, said Tuesday. 'Continued strength in world markets, coupled with strong April fund sales, have resulted in year-over-year asset growth of 14.9 per cent,' Dunwoody said. Total Canadian mutual fund assets grew by 1.4 per cent during April to just under C$700 billion—a month in which the headline stock indexes in Toronto and New York marked a series of record highs that continued into May.

Canadian Press - Market volatility hasn't shaken consumer confidence about economy, poll finds (15 May 2007) Stock market volatility has not shaken Canadian consumer's confidence about the underlying strength of the economy, a poll suggests. The Decima Research survey found that consumer confidence was largely untouched and showed no signs of weakening during the first three months of 2007 after a round of uncertainty triggered by late February's steep decline in the Shanghai market. 'It's evident that with unemployment closer to six per cent than seven per cent, inflation below two per cent and interest rates holding at six per cent, Canadian consumer confidence holds strong,' said Decima CEO Bruce Anderson. Given these underlying factors, Anderson said Canadians view such shocks as temporary aberrations. Bank of Canada governor David Dodge has credited consumer spending as the main engine underpinning Canada's steady economic growth. The survey interviewed 2,050 Canadians between 1-11 March.

The Toronto Star - Dry cleaning chemical targeted (15 May 2007) Toronto's board of health wants the federal government to phase out the dry-cleaning solvent perchloroethylene. The solvent carries health risks, according to the board, which said people are exposed to it while dry-cleaned clothes are 'off-gassing.' The board wants Ottawa to declare perchloroethylene a probable carcinogen, phase it out as soon as possible and encourage dry cleaners to go with water-based methods or switch to other solvents.

CBC News - Greens would take schools organic (15 May 2007) Children should have organic, healthy meals provided for them in schools, P.E.I.'s Green party said Tuesday. Green party interim leader Sharon Labchuk promised to provide all schools on the Island with kitchens staffed by local people, cooking meals from scratch using local organic food. A Green government would also ban junk food in schools. 'Growing children need adequate nourishment to not only maintain health, but to be able to learn,' Labchuk said. Under a Green government, hospitals, jails, manors and other government facilities would also be required to serve organic food where available. Increasing government purchasing of organic food is only part of the Green plan for supporting organic agriculture. The party also promised to remove subsidies from what it called 'industrial agriculture' and use the money to support organic production.

CBC News - Scientists call for Canadian boreal forest's protection (14 May 2007) Some 1,500 scientists from more than 50 countries around the world urged Canadian governments to protect the country's 566.6 million-hectare boreal forest, saying the boreal forest will be at risk unless they increase the area that enjoys protected status from resource development from the current 10 per cent to at least 50 per cent. 'About 50 per cent of migratory bird species, or about three to five billion birds, migrate through the region, it has the world's largest reservoirs of fresh water in its 1.5 million lakes and ponds ...and is a critical shield against global warming,' Jeff Wells, a scientist with the International Boreal Conservation Campaign, said. The region constitutes about one-quarter of the world's forest and is one of five remaining regions that serve a global environmental balancing role, he said. Scientists say the forest is the world's largest storage mass for carbon, crucial to curbing global climate change.

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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Copyright © 2007 Global Country of World Peace

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