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Good news report from Canada
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14 August 2007
2 August was the 2nd day of the second month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
2 August 2007
Canadian Press - North American markets end ahead on optimism from earnings reports (2 August 2007) Toronto's TSX composite index moved up 158.88 points to 13,813.62 as nearly every sector posted gains. The telecom sector surged ahead 1.4 per cent. The industrials index gained 1.6 per cent. Information technology stocks climbed 0.8 per cent. In New York, the Dow Jones industrial average has risen more than 250 points over the past two days.
From a Bloomberg News report on this: Canadian stocks had their biggest gain in two weeks. 'Earnings growth remains strong. Profits on average are still well above consensus' forecasts, Avery Shenfeld, senior economist at CIBC World Markets in Toronto, said. A measure of financial shares gained 1.7 per cent and contributed the most among 10 industry groups to the TSX's advance.
Bloomberg News - Canada's Dollar Rises as Investors Buy Commodity Currencies (2 August 2007) Canada's dollar rose for a third straight day to 94.94 U.S. cents from 94.68 U.S. cents yesterday, when it increased 1 per cent. The currency is up more than 11 per cent against the U.S. dollar this year, and is the second-best performer among 16 most actively traded currencies. It reached a 30-year high of 96.71 U.S. cents on July 25. 'We're seeing some calm in equity markets today and that has helped the Canadian dollar to regain its footing,'' said Steve Butler, director of foreign trading at Scotia Capital in Toronto. Stocks markets worldwide strengthened today, with Canada's TSX Composite gaining 1.2 per cent.
Reuters - U.S., Canadian banks face limited subprime shocks (2 August 2007) Healthy earnings should insulate financial institutions, bond rating company DBRS said on Thursday. U.S. banks reported higher-than-expected quarterly earnings last month. 'The fundamentals are fairly strong,' said Roger Lister, chief credit officer for U.S. financial institutions at DBRS. Brenda Lum, who covers Canadian banks for DBRS, reiterated remarks made in a report on Wednesday that said Canada's five largest banks also face limited losses from their exposure to U.S. subprime loans. 'There are no credit rating implications for the five largest Canadian banks,' Lum said. 'There is minimal impact.'
The National Post - Investors' subprime worries not warranted: CIBC (2 August 2007) In a new report, CIBC World Markets' senior economist Avery Shenfeld pointed to a 'missing link' between the U.S. subprime problems and corporate credit quality globally, especially since corporate defaults and debt burdens outside the realm of leveraged buyouts are low. Also, economic growth and corporate earnings are strong, Shenfeld said, citing Canadian earnings that are on track for a 16% gain this year and another double-digit gain in 2008. 'Buoyant global growth and the pick-up seen in Canada underpin our optimism on the equity outlook, driving earnings on both sides of the Canada-U.S. border to materially exceed the Street's expectations in the second quarter,' said Shenfeld.
The National Post on GDP expands in May (1 August 2007) Statistics Canada reported a solid gross domestic product gain of 0.3% in May. Construction continued to roar ahead with activity expanding 0.6% on industrial, commercial, and engineering and repair work. A hot resale market meanwhile fuelled a 2.4% gain for real estate agents and brokers. Manufacturing rose 0.3%. 'Across the board it looked pretty decent,' said Stuart Hall, market strategist at HSBC Securities.
Reuters Canada - Canada says changing Afghan focus to training (1 August 2007) Canada's troops in Afghanistan will increasingly spend the last 18 months of their assignment training Afghan soldiers so they can operate effectively once western forces leave, beleaguered Defence Minister Gordon O'Connor said on Wednesday. Canada's 2,600-strong military mission in the southern city of Kandahar is due to end in February 2009 and the government says an extension is very unlikely, given rising domestic opposition to the idea.
CBC News - New recycling program aims to cut electronics waste (1 August 2007) The B.C. government said a new electronics-recycling program will safely handle electronics waste. People can return old electronics items such as computers, TV sets, and monitors to 17 recycling depots across the province for free. The company that runs the e-recycling program said thousands of tonnes of old electronics will soon be diverted from landfills, adding that old electronics leak chemicals such as lead and mercury, which can contaminate landfills.
Canadian Press - Waste not: Hudson's Bay Co. head office achieves near-total diversion (28 July 2007) The Hudson's Bay Co., which in 1670 claimed all the land drained by rivers flowing into Hudson Bay, is making a more modest but still significant claim: its headquarters building is the first office tower in Canada to achieve a zero-waste designation by the Zero Waste International Alliance, a global association of public-interest groups and environmental firms. Every office in the 33-storey tower converted garbage bins into recycling bins, marked for paper, organics or mixed material. Hudson's Bay is implementing the policy at two Toronto-area stores and plans to add five more by the end of August.
The National Post - Groups back energy plan they say is cheaper, greener (1 August 2007) A coalition of Ontario environmental groups has unveiled its own plan for the province's energy future, a 20-year proposal that would not only cut greenhouse gases in half but actually cost less to consumers. A study by the Pembina Institute, an Alberta-based think-tank for energy and environmental issues, and World Wildlife Fund Canada, lays out two alternatives to the preliminary plan introduced by the Ontario Power Authority. The groups say their plan would eliminate coal-fired power generators at least five years sooner. The plan suggests replacing the electricity generated by emission-heavy coal plants and by nuclear plants with power generated by solar, wind and hydro-electric sources. The study suggests that the environmentally friendly options would reduce costs to electricity consumers by 11%. A recent poll found that the environment has overtaken health care as the top concern for Ontario residents.
From a Canadian Press report on this: WWF-Canada climate change campaign manager Keith Stewart said that smaller, more localized renewable energy projects would be more efficient as they reduce the amount of energy lost through transmission. The green model also calls for more emphasis on co-generation, which would see large amounts of wasted energy from industrial and commercial enterprises converted into usable power.
The Globe and Mail - Canadians pick Vancouver as best city to live in (2 August 2007) Vancouver is the best Canadian city to live in, according to an Angus Reid poll that asked Canadians to rate the nation's cities. Canadians also voted the mountain-flanked metropolis as the overall best city in Canada and the best city to vacation in. Quebec City came in as the second best vacation spot. Toronto was rated as the best city to do business in. Its arts and culture scene was also given top-notch grades. Toronto was also chosen as the best spot for sports and recreation. Montreal, however, was the clear winner for dining out and a night on the town. It also received high marks as a shopping destination. Looking for work? Head to Calgary. It was voted as the best city to get a job in.
From a Vancouver Province report on this: Charlottetown was declared Canada's safest city. Charlottetown and Quebec City tied for the honour of having the best sense of community.
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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