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28 July 2007

14 July 2007 was the 14th day of the first month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

14 July 2007

The National Post - We just keep firing on all cylinders (14 July 2007) As the economy heads into the second half of 2007 it is on a roll of epic proportions, one that many analysts had expected to fizzle long ago but somehow seems to gain sustenance from each short-lived pullback. Consider the parade of statistics over the past two weeks that highlight the all-encompassing nature of the boom:
-Rio Tinto PLC made a US$101 per share offer Alcan Inc bringing the total all-cash bid to US$38 billion, the largest takeover deal in Canadian history.
-The bid helped drive the Toronto Stock Exchange to a new record of 14,496.50 and pushed the Canadian dollar to a new 30-year high of US$95.72.
-Prices of existing homes rose to a new record of US$335,180 in June, up 10.4% over the year.
-The unemployment rate held steady at a 30-year low of 6.1% in June, while the employment rate nudged back to a record high of 63.5%. Wages, meanwhile, rose 3.2% in June. Growth has been accompanied by a substantial increase in personal wealth, due to rising house and stock market prices and, most recently, wages. David Wolf, Canadian economist for Merrill Lynch, said, 'This environment ... really is the best we have seen in a generation and certainly in recent memory—30-year low on the unemployment rate, 30-odd-year high on the Canadian dollar, house prices are going up, stock prices are going up, incomes are going up.' The housing and job markets in particular continue to defy predictions of a slowdown. Job quality also rose in the first half of the year, according to CIBC World Markets. 'The combination of rising employment and improving quality is a sure recipe for rising personal income, which as of the first quarter of the year, rose by 8.3% on an annualized basis,' Benjamin Tal, senior economist at CIBC, said.

The Globe and Mail - TSX marks fresh record (13 July 2007) The Toronto stock market ended the week in fresh record territory Friday following a second consecutive triple-digit gain. The TSX composite index gained 140.5 points to 14,496.5. The financial sector was up 0.7 per cent and 1.7 per cent on the week. The TSX was up 378 points or 2.6 per cent for the week. This week's sharp gains have propelled the TSX up almost 12 per cent year to date.

From a Bloomberg News report on this: Canada's benchmark stock index climbed 4.2 per cent since June 29 for its largest two-week rise since Aug. 4. 'The market's on wheels,' said Paul Taylor, who helps oversee C$9.6 billion as chief investment officer at BMO Harris Private Banking in Toronto. 'This is sustainable. It's based on strong commodities, economic and earnings growth.' A measure of technology shares gained 3.5 per cent.

From a Reuters Canada report on this: 'There seems to be no stopping this market,' said Elvis Picardo, investment strategist at Northern Securities. Picardo said that none of the companies that have reported results thus far have raised the recent strength of the Canadian dollar as a problem. Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier, said the lack of profit warnings ahead of the looming earnings season is also stoking the TSX rally. 'I think the earnings should be fine because we haven't had many pre-announcements, companies saying ''we're not going to meet our earnings'',' he said. 'So I take their silence as golden.'

The Globe and Mail - Suburbia goes solar (13 July 2007) Welcome to Drake Landing, North America's first solar subdivision, located in Okotoks, Alta., half an hour south of Calgary. Workers just finished tying each house into the solar-thermal system, but Drake Landing is already being viewed as a model for sustainable suburban construction continent-wide. 'The demand for this kind of home is definitely growing,' says Ron Stanners, president of the Calgary Real Estate Board. 'There are only a handful now, but that's set to change.' The development incorporates dozens of green attributes such as a gutter-and-barrel system that saves rainwater, sustainably harvested lumber, insulation that makes the homes 30 per cent more efficient than standard abodes and 800 solar panels attached to garage roofs that trap 90 per cent of the heat needed for the 52-home development. Drake Landing sold out soon after construction was announced in 2005, with buyers coming from as far away as Seattle and Quebec. In March, Prime Minister Stephen Harper called the town 'the greenest community in Canada, and maybe the world'.

CBC News - More trash, more recycling across Canada: StatsCan (13 July 2007) Canadians are recycling larger quantities than ever and diverting more waste from landfills, Statistics Canada says in a report. The report found that the majority of households in Canada's provinces that had access to community recycling programs used them, irrespective of household income, education or type of home. In 2006, 93 per cent of Canadian households had access to recycling programs for at least one of glass, paper, plastics, and metal. On the whole, provinces offered a range of recycling programs, with 88 per cent of people reporting access to programs for glass and paper, 87 per cent for plastic recycling and 86 per cent for metal cans.

Canadian Press - Ontario sets regulation to close coal plants by end of 2014, seeks comment (12 July 2007) Ontario has drafted a regulation to close all its coal-fired plants by New Year's Eve 2014. The regulation follows through on a promise made by Premier McGuinty last month that Ontario would phase out coal by 2014 and reduce greenhouse gas emissions. The regulation means any subsequent government will have to change the law if it wants to keep the plants open. Erwin Steve Erwin, spokesman for Energy Minister Dwight Duncan, said the province will look at phasing out coal sooner. 'It's not as though we're going to wait until 11:59 p.m. on Dec. 31, 2014, to shut them all down,' Erwin said. 'If we can remove coal units from the system well before then, we'll do so.'

Canadian Press on meeting between Jordan's King Abdullah and Prime Minister Harper (13 July 2007) Jordan's King Abdullah II and Prime Minister Stephen Harper met in Ottawa, with the topic of Mideast peace at the top of the agenda. The king said the two men now have an open line of communication on the situation. Both men made frequent references to Canada's work in the areas of social assistance and the development of good governance. Standing next to Abdullah at a news conference, Harper said Canada wants to see the existence of peaceful, democratic states of both Israel and Palestine. 'Negotiations rather than violence are the only thing that will bring us to a solution, and that solution must be, in some form or another, a two-state solution. And I think both sides have to accept that will be the only final outcome that will lead to a lasting settlement,' Harper said. Abdullah said the statement was proof of Canada's balanced approach. 'I'm actually very happy with Canada's role and the prime minister's vision for working as part of a team to try and get us to move forward.' During the king's visit, Canada and Jordan signed a foreign investment agreement, a precursor to negotiations on a possible free-trade deal.

From a Toronto Star report on this: Prime Minister Stephen Harper told Jordan's King Abdullah II that Jordan and Canada share a 'common commitment to promote peace in the region.' Canada and Jordan are entering into preliminary free trade talks. 'Jordan looks forward to enhancing its relationship with Canada through the free trade agreement that can be the cornerstone of mutually beneficial economic and trade ties and encourage co-operation between our countries' private sectors,' Abdullan told reporters. Harper said they had 'fruitful talks on bilateral and global issues'.

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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