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Good news report from Canada

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10 June 2007

2 June was the 2nd day of the twelfth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

2 June 2007

Bloomberg News - Canadian stocks rise, pushing TSX to second-highest close (1 June 2007) Canadian stocks advanced on Friday, pushing the benchmark index to its second-highest close. The TSX Composite Index added 62.59, or 0.5 per cent, to 14,119.37, closing within 0.2 per cent of its May 23 record. The US, Canada's biggest trading partner, added 157,000 jobs, almost twice the previous month's rate. Other reports showed inflation advanced at half the pace expected by economists, manufacturing expanded and consumer confidence rebounded. From a Reuters Canada report on this: The Toronto Stock Exchange's benchmark index ended the week 0.7 per cent higher, after having gained 4.6 per cent last month.

The Toronto Star - Loonie on a roll, parity with greenback in sight (2 June 2007) The Canadian dollar continues to gain traction, breaking the 94 cent (US) barrier for the first time in 30 years. The loonie settled at 94.20 cents, up 0.73 of a cent, yesterday—its highest close since July, 1977. 'There is a lot of momentum and confidence in Canada right now,' Derek Burleton, senior economist at Toronto Dominion Bank, said. 'There has been such a general groundswell of positive news that there is a lot of follow-through buying.' Scotia Economics deputy chief economist Aron Gampel said, 'The stars seem to be in alignment for a stronger Canadian dollar.' From a Globe and Mail report on this: CIBC's chief economist, Jeff Rubin, predicted Friday it will hit parity with the US dollar by year's end. The last time the loonie traded at par was November, 1976. Mr Rubin's call comes after a report showed Canadian economic growth more than doubled in the first quarter. 'The rising Canadian dollar is a reflection of the underlying strength of the Canadian economy,' Mr Harper said in an interview From a CanWest News Service report on this: Not only is CIBC bullish about the currency, it's also still bullish about the outlook for the Canadian stock market, reiterating its forecast that the benchmark TSX will hit a record 15,000 by year end, up from less than 14,200 now, despite the much stronger dollar. 'Last month's 600-point rally in the TSX Composite has CIBC World Markets well-positioned to hit its 15,000 TSX Composite target by year-end,' Rubin said, noting that would result in an 18.5 per cent total return in 2007.

Canadian Press - Canadian economy sees rebound (31 May 2007) The Canadian economy beat even the most optimistic expectations in the first quarter. More Canadians have jobs than ever before and are spending. Consumer spending rose 3.9 per cent during the first quarter, with the underpinning of spending—nominal wages, salaries and supplementary income—rising 8.2 per cent. As well, corporate pre-tax profits rose 13 per cent, outstripping average yearly growth over the last two years. From a Globe and Mail report on this: These may be the best of times for Canada's economic machine. The resource sector is feasting on strong global prices, exporters are coping handily with the dollar at a 30-year high, housing is booming, there's a bull market in stocks and unemployment is at a three-decade low. The numbers 'reflect a very strong Canadian economy,' concurred Eric Dube of National Bank Financial.

The Globe and Mail - Auto sales surge to record (1 June 2007) Vehicle sales roared ahead in Canada last month to the highest level on record, up 10 per cent from year-earlier levels and the second consecutive month of strong growth. 'It certainly is exceeding our expectations,' said Derek Burleton, an economist at Toronto-Dominion Bank, who said the auto sales number backs up other strong economic indicators, including the increasing number of jobs nationally and growing incomes.

The Globe and Mail - BC gets tough on auto emissions (1 June 2007) British Columbia officially got in sync with California's greenhouse-gas tailpipe emissions standards. Premier Campbell said that the commitment is expected to result in a 30-per-cent cut in emissions from autos. 'If you really believe you have to deal with this issue, we have to start acting now. We have to start acting boldly now,' Mr Campbell said. Mr Campbell signed an agreement with California for the adoption of a low-carbon fuel standard and greenhouse-gas tailpipe emissions standards in BC that would be consistent with those of California. Since February, Mr Campbell has been forging links as part of a drive to cut the province's greenhouse-gas emissions by one-third by 2020. Mr Campbell has frequently described California as a key partner for BC in meeting its climate-change targets and Mr Schwarzenegger called British Columbia and Mr Campbell a key partner and ally on climate change.

The National Post - Green technology new gold rush: Governor (1 June 2007) California's determination to slash greenhouse gas emissions is touching off a 'new gold rush' worth tens of billions of dollars for companies taking a stake in the booming green energy sector, Governor Arnold Schwarzenegger said yesterday at an economic summit in Vancouver. Mr Schwarzenegger cited a Vancouver manufacturer of low-emission truck engines as an example of the market opportunities and business relationships opening up in California for companies based in BC 'The ports of Los Angeles for instance and Long Beach are buying right now trucks with natural gas engines that are made by a British Columbia company,' said Mr Schwarzenegger. 'These engines are helping us meet our emission standards, and a California company has seized this opportunity to build stations to fuel those trucks. That's how we are working together.'

The Toronto Star reports (2 June 2007) To understand the magnitude of the seismic shift, consider that Schwarzenegger, who helped make the guzzling Hummer a household name, is now repositioned as the Green Giant. Corporations that once balked at added costs now smell commercial advantage. Pollster Angus Reid is not surprised. A March survey by his group charts the evolution from the late-'80s, when concerns were ephemeral, to a new century's almost religious fervour to save the planet. 'Green is now mainstream, ' he says. 'It's redefining the political borders and boundaries.'

The Toronto Star - Poll finds Kyoto backing (1 June 2007) Six in 10 Canadians feel that meeting the country's Kyoto targets in short order will make business more innovative and profitable in the long run, according to an internal government poll of 4,000 people on the environment. The figure was contained in a survey on climate-change issues that found an overwhelming majority, 75 per cent, want 'immediate action.'

CBC News - 'Terminator' seed sowing discord (1 June 2007) The federal NDP has taken a stand against 'terminator technology,' the nascent gene-changing process used to render seeds sterile. Agriculture critic Alex Atamanenko introduced a private member's bill Thursday to ban field-testing and commercialization of terminator seed, following the lead of the governments of India and Brazil. Agriculture and Agri-Food Minister Chuck Strahl said he would not support the bill. At the moment, there is a de facto UN ban which Canada supports, the Canadian Food Inspection Agency website says.

CanWest News Service - West, Ontario highest on education list (30 May 2007) Calgary and Ottawa lead the way in lifelong learning prospects for their citizens, according to a new national report card from the Canadian Council on Learning. The Composite Learning Index (CLI) measures how well Canada performs in offering educational opportunities at school, home, in the community and at work. Calgary and Ottawa are particularly rich in lifelong learning opportunities, according to the CLI. Of Canada's largest cities, Saskatoon and Edmonton tied for third place. Vancouver, Winnipeg and Toronto all performed slightly above average. Kelowna, BC showed the largest improvement of any Canadian city.

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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