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Good news report from Canada

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31 August 2007

22 August was the 22nd day of the second month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

22 August 2007

Bloomberg News - Canadian Stocks Rise Most in a Year on M&A Speculation, Metals (22 August 2007) The TSX Composite Index rose 224.43, or 1.7 per cent, to 13,463.14 on Wednesday, the most in 13 months. 'The underlying fundamentals are still good: The economy is growing and corporate profits are still there,' said Keith Summers, who helps oversee C$811 million as chief investment officer at Stonegate Private Counsel in Toronto. 'The worst of the reaction is over. It's a pity people ever lost sleep about credit in Canada', he said. 'The banks are and will continue to be money machines,' said Summers. A gauge of Canadian financial shares rose more than 1.3 per cent for a second day, while a measure of materials stocks gained 3.6 per cent, the most in more than two months, and the most among 10 industry groups today in the TSX.

From a Canadian Press report on this: Advances overwhelmed declines 1,107 to 477.

From a Reuters Canada report on this: The Toronto Stock Exchange's main index charged ahead for a fourth straight session on Wednesday. It hadn't logged four straight days of gains since mid-June. The benchmark index has found traction and is up 4.8 per cent over the last four trading days. The industrials sector gained 2.6 per cent. The mining subindex booked its biggest jump of the year, rising 5.3 per cent.

From a Globe and Mail report on this: The continuing rebound in commodity stocks followed prices for metals higher on the back of a bullish outlook for demand in emerging economies. Further bolstering investors' confidence was word of revived takeover talks, a sign that the credit squeeze that rattled the market in recent weeks might finally be easing.

Canadian Press - Most Canadians unaffected by stock market turmoil, poll finds (22 August 2007) A new poll suggests most Canadians haven't been shaken by recent turmoil in financial markets and don't foresee a recession. The Canadian Press-Decima survey also found that 66 per cent of respondents reported being unaffected by the financial tumult. Almost half of the people surveyed said they felt the worst was over and the market will rise again soon. Decima president Bruce Anderson said the results suggest Canadians are taking things in stride. 'The general tone of this is, for a lot of people it didn't matter, and for those who it did matter to in a negative way, there's a pretty high degree of confidence about both the economy and the stock market,' Anderson said. 'I think people feel that things are mostly in pretty good shape in the economy'. The survey interviewed just over 1,000 people during 16-19 August.

Canadian Press - Bond markets appear to be settling, says fixed income strategist (22 August 2007) Bond markets appeared to be settling Wednesday as the ravenous appetite for the safety of government debt eased somewhat, says a senior fixed-income strategist. 'The past several weeks have sent yields lower by epic proportions. Today marks a stark reversal of that earlier trend as the market appears to be settling and bond yields are actually up on the day,' Eric Lascelles of TD Securities said. The Canadian Press article stated, 'Meanwhile, Doug Porter, the deputy chief economist of BMO Capital Markets, said the upheaval in debt markets, which started with the U.S. subprime mortgage crisis, which has in turn had a rippled effect right through to equities, has been ''the tail wagging the dog.'' '

The Toronto Star - Home resales in Toronto area set another record (18 August 2007) The Toronto area's housing market continues to soar as resales hit a record in early August. The Toronto Real Estate Board reported 3,838 properties were sold in the first half of August, up 17 per cent from the same time in 2006. 'All of the ingredients that feed housing demands are in place and are quite healthy,' said Ted Tsiakopoulos, an economist with Canada Mortgage and Housing Corp., noting that this includes strong job growth and consumer confidence.

The National Post - U.S. recognizes Canada's rights to Arctic resources (22 August 22, 2007) The United States recognizes Canada's claim to resource rights in the Northwest Passage, U.S. ambassador to Canada David Wilkins said. At the same time, Wilkins reiterated that the U.S. considers the Passage an international waterway. That does not mean, said Wilkins, that Canada doesn't have sovereignty over both the Arctic archipelago surrounding the Passage and the resources in the sea and beneath it. Wilkins played down the importance of the dispute over navigation rights, saying it was only 'hypothetical' as the Passage remains frozen and unnavigable. He said relations between Canada and the U.S. are strong enough that the two would find a solution if the need arose.

Canadian Press - 6 western states, 2 Canadian provinces set goal for reducing emissions (22 August 2007) Six western U.S. states and two Canadian provinces announced a regional goal Wednesday to reduce greenhouse gas emissions by 2020. The Western Climate Initiative (WCI) includes Arizona, California, New Mexico, Oregon, Utah, and Washington, as well as British Columbia and Manitoba. The group wants emissions cut by 15 per cent over 2005 levels within 13 years. 'The regional goal reflects the combined impact of the individual (greenhouse gas) emissions goals that each WCI member has already set for itself and does not replace the members' individual goals,' the announcement said.

From a Bloomberg News report on this: 'Our collective commitment will build a successful regional system to be linked with other efforts across the nation and eventually the world,' California Governor Schwarzenegger said. The reductions are planned by increasing use of renewable energy sources such as wind and solar power, forcing automakers to trim tailpipe emissions, and improving efficiency of home appliances and other big electrical equipment.

Canadian Press - Doctors call for strong environmental policies to protect Canadians' health (22 August 2007) Doctors at an annual meeting of the Canadian Medical Association say the federal government must support environmental policies to protect the public's health. Delegates at the meeting in Vancouver say Canadians must have access to clean air and safe drinking water. They voted 96 per cent in favour of a motion by their national lobby group calling on the federal government to adopt water stewardship policies that will ensure Canadians have access to adequate and safe drinking water. The doctors say the need is particularly important in First Nations communities. The 268 delegates at the meeting of Canada's 65,000-member lobby group voted 98 per cent in favour of a motion calling on the federal government to prevent or minimize the effects of global climate change because of its impact on people's health and the environment.

The Toronto Star - Homegrown foods on menu at Fairmont (22 August 2007) Yesterday the Toronto-based Fairmont hotel group said it would be the first major hotel group in the world to 'formally commit' to using locally sourced and organically grown products as part of its everyday food operations. While other hoteliers may have single properties using sustainable products, Fairmont, which has some ultra-upscale properties, including London's Savoy and New York's Plaza Hotel, will implement the environmental food programme in all of its 51 hotels. The Royal York Hotel in Toronto is flagship of the Fairmont hotel group. In his quest to provide locally grown foods for guests, David Garcelon, executive chef of the Royal York, is thinking of putting beehives atop the hotel. The hotel already grows eggplant, gooseberries, and edible flowers in a rooftop herb garden. 'It would be great if we could make our own honey, and it would also be good business because our guests demand foods that are fresh and locally sourced,' Garcelon said. 'It's great when a chef can meet with the farmer without the middlemen to really concentrate on the food because that's what it's about,' said Garcelon.

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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