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Good news report from Canada
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2 July 2007
15 June was the 15th day of the twelfth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
15 June 2007
Bloomberg News - Canadian stocks have biggest weekly gain in 3 months on M&A (15 June 2007) Canadian stocks had their biggest weekly gain in three months. The TSX Composite Index added 135.42, or 1 per cent, to 14,137.41 on Friday. The benchmark had a weekly gain of 2.5 per cent, the best since the week ended March 23. The index is within 10 points of its 4 June record of 14,146.74. From a Reuters Canada report on this: The TSX ended higher for a third straight session on Friday. All 10 of the TSX index's main groups were higher. From a Canadian Press report on this: The Toronto market gained 338.91 points, sending the TSX up 9.5 per cent year to date.
The National Post - Housing boom roars on (15 June 2007) Canada's scorching housing market shattered a string of records in May. The Canadian Real Estate Association reported home sales soared 11.6% in May from the same month the year before, led by gains in Toronto and Montreal, which each surpassed 40,000 transactions for the first time. Average prices rose 10.2% year-over-year to a monthly record of C$333,524 with new highs being set in Vancouver, Calgary, Edmonton, Quebec City and Halifax-Dartmouth. The increase was above the 10% average in the first five months of the year and was not confined to the hot Western economies. 'Activity broke all previous records in the first quarter, and gained momentum in the second quarter,' Gregory Klump, CREA chief economist said. Stefane Marion, at National Bank, said housing will contribute strongly to second-quarter growth and provide a significant wealth effect to consumers to support spending. From a Toronto Star report on this: Canadian sales of existing homes are on track to hit a record this year after transactions in May shattered an all-time high for a single month, beating the previous record set in April of this year, the Canadian Real Estate Association said yesterday. From a Globe and Mail report on this: Year-to-date sales figures set new records as of the end of May, with 165,800 resale units sold in the first five months of the year. This was an 8.5 per cent increase from the year before.
CanWest News Service - Canadian governments post record $29-billion surplus (15 June 2007) Canadian governments posted a record C$29-billion surplus for the fiscal year that ended 31 March. The combined surplus of the federal, provincial, territorial and local governments, as well as the Canada and Quebec pension plans, was up from C$28 billion a year earlier, and matched the record high reached only twice in the past 20 years, Statistics Canada said. Debt charges are eating up fewer tax dollars, accounting for just 7.6 cents out of every dollar of government revenues last year, down from 7.9 cents in 2006. Provincial, territorial and local governments posted a surplus of C$7.4 billion in fiscal 2007, an increase from the C$6.8-billion surplus of 2006.
Canadian Press - New auto sales jumped 6.9 per cent in April: Statistics Canada (15 June 2007) Statistics Canada says new auto sales jumped 6.9 per cent in April. The increase was the biggest in almost two years. Sales of passenger cars alone jumped 8.5 per cent in April to 75,890 units, the highest level since February 2003.
Canadian Press - May mutual fund sales bloom to almost $3.5B (15June 2007) Canadians continued flocking into mutual funds last month, producing net sales of C$3.48 billion, up from C$2.5 billion in April and from C$414.9 million in May of last year. Total net sales of long-term funds, excluding money market funds, were C$21.9 billion in the first five months of the year, the industry's biggest performance for the period since 1998. Industry assets grew by 1.7 per cent during May and by 20 per cent year-over-year to just under C$712 billion.
The National Post - Greenplan calls for look at road tolls (15 June 2007) Titled the Climate Change, Clean Air and Sustainable Energy Action Plan: Moving from Framework to Action, the report makes dozens of recommendations, including C$62-million to establish two new energy conservation funds. The first, the Toronto Energy Conservation Fund, would help pay for building retrofits at schools, hospitals, colleges, city buildings and non-profits. The second, the Toronto Green Energy Fund, would help foot the bill for new renewable energy sources. 'The report intends to make Toronto the renewable energy capital of Canada,' Mayor David Miller said. From a Globe and Mail report on this: 'People are ready,' Mayor David Miller said yesterday, commenting on wide-ranging measures aimed, in part, at enlisting local residents in the global-warming fight. 'The people are way ahead of governments and commentators,' he added. Council votes on the measures in mid-July. Next year, the city plans to spend C$85-million for new green programmes. Environmental spokesmen generally praised the measures, which include a new 'live green Toronto' programme to help neighbourhoods devise their own energy-conservation and green-power initiatives such as solar panels, tougher building standards to promote energy efficiency, incentives for renewable energy alternatives and a possible rule that all taxis and limousines switch to low-emission or hybrid technology by 2015. 'This is the kind of plan we need,' said Keith Stewart, manager of climate change for the World Wildlife Fund. 'As long as it is clear that this is how we are going to do it, not if, then Toronto can be a leader in Canada and North America in fighting global warming.' From a Toronto Star report on this: The report calls for efforts to reduce greenhouse gas emissions from 1990 levels by 6 per cent within five years; 30 per cent by 2020; and 80 per cent by 2050. It also asks council to find ways to reduce smog-causing pollutants by one-fifth over the next five years. Franz Hartmann of the Toronto Environmental Alliance said the report contains 'some very, very good recommendations and elements'.
Canadian Press - Province presses restaurants to pick fresh Ontario produce (15 June 2007) Ontario's agriculture minister is urging the province's restaurants to serve more locally grown products. Leona Dombrowsky sampled a special 'grown in Ontario' menu at an Il Fornello restaurant Thursday to promote the province's new Pick Ontario Freshness campaign that aims to generate more demand for local foods across the province, such as organic flours, fruits and vegetables. Il Fornello is one of the first Toronto restaurant chains to offer local menu choices that vary by growing season, and diners can take home a list of its Ontario food suppliers. 'I would hope that this trend will catch on right across the province,' Dombrowsky said. Il Fornello president Ian Sorbie said using local foods means his restaurants are able to use the freshest products, and helps to make people aware of their availability. Sorbie said he was inspired by the products of organic farmers he bought during visits to P.E.I. 'I thought, this has to be able to be eaten in Toronto as well. I could taste the difference.' The certification programme lets consumers know they are buying from farmers and processors who use environmentally and socially responsible food production. From a Toronto Star report on this: This foray into an Ontario-only menu choice is expected to be the next step as locally grown food goes through a renaissance. 'This is on a whole new level of awareness and a whole new experience,' Il Fornello executive chef Owen Steinberg said.
Canadian Press - Saskatchewan plans to cut emissions by 80% (14 June 2007) Saskatchewan's government is aiming to cut the province's greenhouse gas emissions by 32 per cent in the next 13 years and 80 per cent by 2050. The targets were unveiled today as part of the Saskatchewan energy and climate change plan. The plan is built on five components, which include conservation and efficiency measures for industry, businesses and homeowners, along with an increased use of renewable energy. From a CBC News report on this: 'Friends, this plan is ambitious. It is extremely ambitious. But so too is the depth of the challenge that faces us,' Premier Lorne Calvert said. That challenge, according to Calvert, is to try to slow climate change and save the planet. The government will attempt to do that by concentrating on several key areas, including fostering growth of new technologies like wind power. 'Well, when I hear the premier talking about the moral responsibility to our planet, that's the kind of language that we need,' said Saskatoon's Anne Coxworth, a longtime environmental activist.
The Toronto Star - PM plans for ties that bind (15 June 2007) Indo-Canadian business leaders are calling their private roundtable meeting with Prime Minister Harper a 'watershed' event for their community. Harper spent more than an hour discussing issues, from how to increase trade between Canada and India to challenges faced by the Indian diaspora, with 16 successful business leaders. International Trade Minister David Emerson will be the chief guest, along with his Indian counterpart Kamal Nath, at the Indo-Canada Chamber of Commerce Awards tomorrow, widely seen as the event of the year in the South Asian community. Substantially increasing trade is a major concern for business leaders. Canada is 'very close' to finalizing a foreign investment protection and promotion agreement with India that should boost the two-way nature of the trade, Harper said. He spent 20 minutes touring a C$25 million, 1,800-square-metre museum opening next month, which is meant to showcase the heritage of Canadians from the Indian subcontinent. He declared the museum 'spectacular' and said he'll bring his family back to see it.
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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