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Good news report from Canada

Global Country of World Peace    Translate This Article
9 July 2007

5 July was the 5th day of the first month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

5 July 2007

Canadian Press - Building permits surge to highest-ever monthly level in May (5 July 2007) The value of building permits, a leading indicator for construction activity, surged to its highest monthly level ever in May. Municipalities issued a total of C$6.8 billion worth of permits, up 21.4 per cent from April and 8.5 per cent higher than the previous high set in October 2006. Non-residential permits eclipsed C$3 billion for the first time as contractors took out a record C$3.1 billion in permits for construction projects, up 55.7 per cent from April and 18.5 per cent higher than the previous record of C$2.6 billion set in January. On the residential side, municipalities issued C$3.7-billion in permits, a 2.4 per cent increase from April. Permits for single-family houses jumped 4.3 per cent to a four-month high. From a National Post report on this: Gains in the Calgary and Vancouver metropolitan areas pushed the total value of permits in Alberta and British Columbia to record highs, Statistics Canada said, noting that there was also strong growth in Manitoba, Saskatchewan and New Brunswick, thanks largely to construction intentions in the non-residential sector. From a Bloomberg News report on this: Canadian building permits rose 21 per cent in May to a record, a pace almost four times faster than economists forecast. 'The buoyant construction intentions in the non-residential sector since the beginning of 2007 are consistent with low office vacancy rates in several large centers, high profits recorded by Canadian corporations and a vigorous retail sector,' Statistics Canada said in today's report.

Canadian Press - House prices forecast to stay robust (5 July 2007) Royal LePage Real Estate Services is forecasting Canada's national average house price will rise by 9.5 per cent this year to C$303,300, passing C$300,000 for the first time. After a strong second quarter, robust conditions are expected to prevail through to year's end as all regions are poised to experience a rise in average house prices. Home sale transactions are projected to rise by eight per cent to 522,306 units by the end of 2007. From a CanWest News report on this: Canadians' seemingly endless appetite for buying and selling houses will continue the resale market's 'astounding momentum' from the second quarter through the end of the year, according to a report from Royal LePage Real Estate Services. 'Canada's resale housing market finished the second quarter on strong and steady footing, surprising many by its astounding momentum,' the report said. 'The sheer number of homes trading hands this year has far exceeded consensus expectation. During the first half of the year, strong economic fundamentals fuelled consumer confidence and reasonable affordability drove housing demand across the country,' said Phil Soper, president and chief executive officer, Royal LePage Real Estate Services. This market continues to show strength as we move into the second half of the year,' said Soper.

The Toronto Star - June car sales rise 8% to record (5 July 2007) Auto sales in Canada rose to a record high in June, posting a gain of nearly 8 per cent year over year, according to a report by DesRosiers Automotive Consultants. June marks the third consecutive month that sales gained at least seven per cent from a year earlier. From an Ottawa Citizen report on this: Auto sales rose the most in at least eight years in June, as a strong economy boosted demand. 'This is the best June on record for Canada and comes on the heels of record sales during the month of May,' Dennis DesRosiers, president of DesRosiers Automotive Consultants, said. A higher Canadian dollar and rising home prices have boosted the confidence of consumers. From a National Post report on this: Canada's auto industry is on pace to sell a record number of vehicles this year, buoyed by a strong labour market and a healthy economy. 'Consumers are well-positioned to continue to spend,' said Craig Wright, chief economist at RBC Financial Group. Analysts had expected Canadians to back off buying cars this year, thinking the economy was set to cool. Instead, the economy has remained strong.

Bloomberg News - Canada business spending rose faster than expected, Ivey shows (5 July 2007) Canadian business spending increased faster than economists forecast in June, rising to the highest since May 2006, the Ivey purchasing managers' index showed. The index rose to 67.4 from 62.7 in June, according to the monthly survey of 175 managers by the Ivey School of Business in London, Ontario. Figures greater than 50 indicate purchasing increased.

Bloomberg News - Canadian fund sales jump sixfold, led by Royal Bank (4 July 2007) Canadian mutual-fund sales for June jumped more than sixfold from a year ago. Sales exceeded redemptions by C$1.95 billion to C$2.45 billion, the Investment Funds Institute of Canada said in a preliminary report. Canada's TSX Composite Index gained 7.7 per cent in the first half of 2007, increasing investor interest in mutual funds.

Canadian Press - Charest to call on French president to push for EU-Canadian free-trade deal (4 July 2007) Quebec Premier Jean Charest will use his upcoming trip to France to push for a free-trade deal between Canada and the European Union. French President Nicolas Sarkozy will assume the presidency of the European community in a year,' Charest said. 'He could play a key role in reaching a transatlantic accord.' Charest kick-started discussions during a World Economic Forum meeting in January. Since then, both the federal government and the European Union have commissioned studies into the possibility. The Quebec premier is calling for an accord that would remove barriers to investment while opening up a market of 450 million consumers to Canadian businesses. According to the federal government, a free-trade deal with Europe could lead to a C$2.4-billion increase in exports.

Canadian Press - Report on climate change tops agenda as western premiers meet (3 July 2007) Climate change tops the agenda as Canada's western premiers and territorial leaders meet in Nunavut, in northern Canada. BC Premier Campbell said the western leaders must be willing to lead the country on improving environmental conditions across Canada. 'The West is called upon to lead even more than many other parts of the country because of our strong economies,' he said. Saskatchewan Premier Lorne Calvert agreed. 'And the issues that we'll be dealing with here, be it First Nations, aboriginal issues or climate-change issues, these do have an impact nationally, in fact, internationally,' Calvert said. Also on the agenda is the Northern Vision document, which was developed by the three territorial governments to chart a future for Canada's North, and outline different healthy living initiatives.

The Toronto Star - Measuring what counts to society (5 July 2007) Around the world, a consensus is growing about the need for a more holistic way to measure societal progress—one that accounts for more than just economic indicators such as the Gross Domestic Product and takes into account the full range of social, environmental, and economic concerns of citizens. One of the pioneering projects is unfolding right here in Canada. The Canadian Index of Wellbeing, or CIW, still under construction but making significant progress, is based on the simple premise that 'what we count matters'. Why? What we count, measure, and report often drives our understanding of whether we are better off than we used to be, whether we are creating a better world for ourselves and future generations, and what we need to change. What would happen if every time we heard about the GDP, we also heard the results of the CIW, thereby linking economic reality to the social, health, and environmental conditions that define our quality of life? With the leadership of Canadians on this project and the emerging ways for measuring progress, success for this worthwhile goal is within our reach.

CanWest News Service - Canadians upbeat on future state of relations with US (4 July 2007) A new survey, commissioned by the Association for Canadian Studies (ACS), amounts to a Fourth of July appreciation gift for our neighbours to the south. Nearly three-quarters of the 1,500 Canadians surveyed in early June said they were optimistic about the future state of Canada-US relations. Respondents were asked to look ahead 10 years to Canada's 150th anniversary in 2017. 'I think there's a lot of goodwill there,' said ACS executive director Jack Jedwab. 'We like our neighbours. We are frequent visitors to the US They're our most important trading partner.'

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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