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Report from Canada: Good news

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21 September 2007

11 September was the 11th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

7 September 2007

Reuters Canada - Toronto stocks rise as U.S. slowdown fears ease (11 September 2007) The Toronto Stock Exchange's main index closed with a healthy gain on Tuesday as buoyant commodity prices and new-found optimism about the fate of the U.S. economy lifted most sectors of the market. The TSX composite index closed up 78.79 points, or 0.6 per cent, at 13,704.28. The materials sector advanced 1.3 per cent. The heavyweight financial sector also rose.

From a Canadian Press report on this: The metals and mining sector climbed 1.9 per cent. The gold sector was ahead 1.35 per cent.

From a Bloomberg News report on this: Canadian stocks rose on optimism that demand for the country's exports will be supported by lower borrowing costs in the U.S. A measure of industrial shares, seen as most closely tied to economic growth, advanced 1.7 per cent. The domestic economic outlook was also boosted by a report showing that Canadian new-home starts rose more than analysts expected in August.

Canadian Press on dollar soars on strong Canadian economic news (11 September 2007) The loonie (Canadian dollar) had its best day in weeks amid signals that the Canadian economy is showing remarkable strength. Canadian exports were strong in July. And while Canada's trade surplus narrowed, that was a result of a jump in imports that attested to Canadians' ability to spend. 'This is one case where a drop in the trade surplus is not bad news because it's being driven by very strong domestic spending and import growth,' said Douglas Porter, deputy chief economist for BMO Capital Markets. The loonie closed trading at 95.99 cents US, up from 95.01 cents US at Monday's close. It was the biggest one-day increase since 17 Aug and the highest closing price compared to the American dollar since 25 July. Reports showed housing starts kicked into overdrive in August and new house prices in July rose above expectations. In a separate report, one quarter of employers surveyed said they were planning to hire more workers over the next three months. High levels of employment and solid wage gains are giving Canadians the confidence to keep spending, on new homes, automobiles and other consumer items.

The National Post - Canadian economy rolling along, says economists (11 September 2007) Canada's healthy housing market and its wealth of natural resources will give the Canadian economy extra buoyancy to keep it from being pulled down, analysts here are saying. The evidence from emerging markets is that the worst of the declines in base metal prices, equities and bond yields may well have passed, RBC's Harbour Group noted. Prices for Canada's resource exports have been bolstered by strong global economic activity, said CIBC World Markets economist Avery Shenfeld. Strong resource prices should leave the trade surplus in healthy shape.

Reuters Canada - Canadian housing starts rise 5 per cent in August (11 September 2007) Canadian housing starts rose 5.1 per cent in August, ahead of expectations. Canadian housing starts rose to a seasonally adjusted annualized rate of 226,500 units, from 215,600 units in July, Canada Mortgage and Housing Corp said. The annual rate of urban starts increased 6.0 per cent to 192,700 in August from July. Urban single-family starts rose 1.8 per cent to 91,300 units in August, while urban multiple starts—condominiums and apartments—jumped 10.1 per cent to 101,400 units. Meanwhile, Statistics Canada reported today the annual increase in new housing prices rose 7.7 per cent in July. The month-on-month increase rose to 0.9 per cent in July, from 0.7 per cent in June.

From a Canada Mortgage and Housing Corporation report on this: Urban starts registered an increase of 18.4 per cent in the Atlantic region, 10.8 per cent in the Prairies, 7.9 per cent in British Columbia and 4.4 per cent in Ontario.

Statistics Canada - New Housing Price Index (11 September 2007) Prices in Saskatoon set a record high year-over-year increase for the fifth consecutive month in July (up 51.4%). Prices in Winnipeg were 15.7% higher than in July 2006. New housing prices in Edmonton continued to increase at a fast pace with a year-over-year increase of 38.4%. A healthy housing market in Vancouver resulted in a year-over-year increase of 9.2%. Housing prices remained strong in Halifax, rising 6.8% over July 2006. On a monthly basis, the fastest gain occurred in Edmonton (up 7.0%), which registered its largest one-month increase in over 20 years. It was followed by Winnipeg (up 4.3%), Saskatoon ( 3.0%) and Regina (up 1.6%).

Reuters Canada - Canada employers upbeat on fourth-quarter hiring: poll (11 September 2007) Canadian employers are more upbeat about their hiring intentions in the fourth quarter than in the third. More than two-thirds of the 1,700 employers surveyed expect to keep their payrolls unchanged in the October-December period, while twenty-five per cent plan more hiring, according to the Manpower Employment Outlook Survey. 'Employers are telling us that over the next three months they will continue adding to their payrolls at a slightly better rate than the previous quarter,' Lori Rogers, vice president of operations for Manpower Canada, said. Canada has the lowest unemployment rate in 33 years and the red-hot job market continued to heat up in August, adding 23,300 jobs.

Bloomberg News on Canada's international trade in July (11 September 2007) Imports surged in July even as exports gained for the first time in four months, Statistics Canada said. Demand for Canadian goods in foreign markets rebounded even as the dollar rose. Exports gained 1.4 per cent to C$39.3 billion in July. Other reports showed housing starts rose more than expected in August, new-home prices topped estimates in July, and Canadian employers' hiring plans moved closer to a five-year high. 'The domestic economy is still very, very strong in Canada,' said Eric Dube, an economist with National Bank Financial in Montreal. 'There's no sand in the gears for the economy right now and everything is still running full speed.'

Statistics Canada - Canadian international merchandise trade (11 September 2007) Exports of industrial goods and materials hit a record high of C$9.7 billion, climbing 6.6% in July. Automotive products exports rose 7.1% to C$6.7 billion in July. Machinery and equipment exports edged up 0.8% in July. The biggest increases were in television, telecommunication and related equipment (up 13.4%) as well as industrial and agricultural machinery (up 3.3%).

The National Post - 'Switch has been thrown' on hybrid revolution (11 September 2007) A shift in public opinion towards the cleanest automobiles is taking place, said Stephen Beatty, managing director of Toyota Canada. 'It's like a switch has been thrown,' Mr Beatty said. '[People] have just kind of woken up to hybrid in a big way this year.' Federal rebates of up to C$2,000 to buyers of the most fuel-efficient vehicles have helped, Mr Beatty said. Five provinces also offer hybrid incentives. Toyota is not the only automaker to make hybrid gains. 'Hybrids really are jumping off dealer lots,' said Charles Schade, senior director of research at J.D. Power & Associates in Toronto. 'There has been clearly some general acceptance to do the right thing for the environment.'

Canadian Press - Scientists find trio of coral 'hot spots' off Canada's East Coast (10 September 2007) Scientists have for the first time discovered a string of coral 'hot spots' in waters off Canada's East Coast and will use the surprising finds to press global fishing interests to steer clear of areas they say are vital marine habitats. Canadian researchers said they found heavy concentrations of about 30 species of coral. Their 40-page report says three main sites serve as sanctuaries for a variety of marine animals. 'These are species that are important to deep-sea biodiversity and there are many other organisms that live on them or around them,' Evan Edinger, a marine scientist at Memorial University in Newfoundland, said.

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 Good News(sm) Service

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