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Good news report from Canada
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6 June 2007
30 May was the 30th day of the eleventh month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
30 May 2007
Reuters Canada - Toronto stocks close higher, shrug off China worry (30 May 2007) The Toronto Stock Exchange's main index ended sharply higher on Wednesday, gaining the most in almost three weeks. The TSX composite index ended up 118.99 points, or 0.85 per cent, at 14,081.71. All but two of the TSX index's 10 main groups were higher. Chinese stocks retreated on Wednesday after China tripled a stock trading stamp duty to clamp down on surging markets. From a Toronto Star report on this: The Toronto stock market bounded sharply higher after investors shrugged off the second big tumble on the Shanghai stock market this year. It was a far more muted reaction than the steep declines provoked by Shanghai's eight per cent shock in February. The benchmark Shanghai composite index fell 6.5 per cent from Tuesday's record high but it is still up 52 per cent for the year.
Canadian Press - Current-account surplus increases $1.9 billion in first quarter of 2007 (30 May 2007) Canada's current-account surplus with the rest of the world increased C$1.9 billion in the first quarter of 2007 to C$6.5 billion. In the capital and financial account, Canada's international assets grew faster than Canada's international liabilities. The surplus on trade in goods increased by C$2.1 billion to C$14.5 billion in the first quarter as exports outpaced imports. Exports of goods rose C$4.5 billion in the first quarter. From a Reuters Canada report on this: Canada's current account surplus in the first quarter rose to its highest level in a year, another sign that the economy is expanding faster than expected. The current account surplus bulged to C$6.49 billion from C$4.62 billion in the fourth quarter. Statistics Canada revised the fourth-quarter surplus from C$2.99 billion previously. The goods surplus rose for the second straight quarter. 'The improvement in trade evident in today's numbers will be a factor in the pick up in growth,' said RBC Economics. 'Canada's trade backdrop remains quite healthy despite the soaring currency,' Doug Porter, deputy chief economist at BMO Capital Markets, said.
The Globe and Mail - High-flying economy catches bank off guard (30 May 2007) It's been a remarkable ride for the Canadian economy in recent months, one that's taken virtually everyone by surprise. The unemployment rate is at a 33-year low as a record number of Canadians have jobs. Exports have stayed strong, as companies beef up trade with Europe and Asia. And Canadian house prices and sales set records last month.
CanWest News Service reports (30 May 2007) According to the Conference Board of Canada, consumer confidence increased by 0.2 points this month. Regionally, the Atlantic provinces and Quebec posted gains—confidence in Quebec reached its highest level since the summer of 2004. 'Consumers are feeling more optimistic about future job prospects and believe it is a good time to make a major purchase...' said Pedro Antunes, director, national and provincial forecast.
The National Post - East Coast port plans vie for Asia traffic (30 May 2007) The backers of the proposed C$300-million deep-water container terminal on the Strait of Canso, aim to move roughly the same amount of container traffic by 2010 that flowed through the Port of Halifax last year. The Melford International Terminal also has ambitions of tripling its size by 2015, which would make it roughly as big as the Port of Vancouver. A recent Boston Consulting Group report estimated the boom in imports from Asia could see demand outstrip capacity at North America's West Coast ports by 2010. The report recommended that shippers consider other options, including shipping goods to the East Coast to ensure they arrive on time. The Indian subcontinent&MDASH;by travelling through the Suez Canal&MDASH;is 1,800 nautical miles closer to Halifax than it is to any other North American West Coast port. From another National Post report on this: A planned C$300-million container port to be built on the Canso Strait between mainland Nova Scotia and Cape Breton is designed to handle the explosion in containerized shipping. Vessels now being built can carry up to 14,000 containers. Too big for the Panama Canal, they will come to North America via the Suez Canal and be unloaded at Guysborough, NS for shipment to Canadian and US destinations.
The Globe and Mail - Here comes the sun: Ontario pushing solar power (30 May 2007) Ontario's promise to pay premium prices for electricity generated from the sun has spurred private developers to launch a spate of projects that could make the province one of the world's leading solar power producers. Ontario is following other jurisdictions such as Germany and Japan, which have become the world leaders in solar installations though similar subsidies. What's surprising to some, is that Canada actually has better weather conditions for generating solar power than either of those two countries, said Tom Astle, a National Bank Financial analyst who follows renewable energy technology. 'Most of Canada is fairly good in the overall scheme of things,' he said. 'We have more sunny days [than either Germany or Japan].' Solar projects are easier to stick handle through the approvals process in Ontario than wind farms, mainly because they don't require an environmental assessment.
Bloomberg News - Schwarzenegger, Ontario Premier sign emissions deals (30 May 2007) California Governor Arnold Schwarzenegger and Ontario Premier Dalton McGuinty signed agreements to cut greenhouse-gas emissions. McGuinty will require cars in Canada's most populous province to have 10 per cent fewer emissions by 2020, equivalent to a reduction of 700,000 cars. The agreement aims to 'coordinate policies on fuel standards.' The accord adds to initiatives that put local governments ahead of national leaders in stemming emissions of the gases blamed for rising global temperatures. McGuinty and Schwarzenegger also agreed to collaborate on initiatives to increase the use of 'clean energy technologies' and promote energy-efficient systems in buildings. From a Globe and Mail report on this: 'The environment is becoming an economic priority as never before in history,' Mr Schwarzenegger said to the Economic Club of Toronto. 'Like California, Ontario is leading the way in recognizing that we must take action now to fight global warming and to reduce our dependence on fossil fuels,' Mr Schwarzenegger said. 'We're soulmates on this issue.' From a CBC News report on this: 'We're all partners,' Schwarzenegger said, adding that the agreement would create 'additional momentum' for tougher standards across North America. From a National Post report on this: California Governor Arnold Schwarzenegger, in remarks to the Economic Club of Toronto, said, 'You know how when a forest burns, the seeds of its renewal are still there? When it comes to global climate change, those seeds are within us. I believe we can renew the climate of this planet.'
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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