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Good news report from Canada
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29 September 2007
21 September was the 21st day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
21 September 2007
Bloomberg News - Canada Stocks Gain for a Second Week, Led by Canadian Natural (21 September 2007) Canadian stocks rose to their second-straight weekly gain, as the strength of the country's dollar signaled growth for the economy. The TSX Composite Index rose 101.64 to 13,940.07 on Friday, for a 0.7 per cent weekly gain. An index of financial shares increased 0.8 per cent this week. A gauge of raw-material producers added 0.4 per cent Friday, taking its weekly gain to 4.9 per cent, for the best performance among 10 industry groups in the TSX. 'The Canadian dollar is the big story. The Canadian economy is in good shape,'' said Paul Hand, managing director, equity trading, at RBC Capital Markets in Toronto.
From a Reuters Canada report on this: Toronto stocks rose strongly on Friday. Eight of the 10 main subgroups rose, with strength evident in the consumer discretionary and consumer staples sectors, each climbing 1.3 per cent.
Bloomberg News - Canada's Dollar Caps the Biggest Weekly Advance Since 1988 (21 September 2007) Canada's dollar rose Friday amid optimism that surging demand for commodities will fuel economic growth. Canada's dollar rose to 99.92 U.S. cents from 99.76 U.S. cents Thursday. Canada's currency gained 2.9 per cent this week, its biggest weekly rally since November 1988. The currency is up 17 per cent this year. 'There is a lot of momentum behind the move and the trend is strong,' said Camilla Sutton, a currency strategist at Scotia Capital in Toronto.
The Toronto Star - Flaherty says strong economy driving dollar (21 September 2007) Finance Minister Jim Flaherty says the dollar's appreciation reflects the fundamental strength of the Canadian economy.
From a Canadian Press report on this: Jeff Rubin, chief economist at CIBC, said that practical considerations aside, the psychological impact of parity is an important one. 'We're beginning to recognize our own prosperity,' he said.
The National Post - Resilience of economy astounds observers (21 September 2007) As the Canadian dollar hit par with the U.S. dollar for the first time since 1976, the resilience with which the economy has absorbed its remarkable rise has astounded economists. There has certainly been much about the economy to cheer about. With each rung up the ladder toward parity, many analysts expected the economy to sag. But this has simply not been the case. The best evidence? An unemployment rate at a 33-year low of 6% and wage gains, which, after years of mediocre improvement, are rising at a 4% annual pace. The main reason is that the soaring loonie [popular name for the Canadian dollar] has been accompanied by the surge in commodity prices. Historically low interest rates have also helped, fuelling a boom in real estate and encouraging consumer spending. Also, corporate profits have been sizzling and governments have gradually been lowering investment tax rates.
From an Ottawa Citizen report on this: Ultimately, we are all shareholders in Canada and the country's stock is rising in value. It's happening for the right reasons: because of strong performance and good fundamentals.
Reuters Canada on July retail sales (21 September 2007) Lower new car sales helped pull retail sales down in July, by 0.8 per cent from June, Statistics Canada reported. Despite the drop in auto sales at the retail level, the auto sector led the recovery in wholesale trade in July. TD Securities economics strategist Millan Mulraine said previous economic indicators point to continued momentum in economic activity. Wholesale, factory shipments, and employment data released this month have all been strong.
From a Globe and Mail report: 'Most reports since July suggest that credit-sensitive spending has held up well. And, even with the drop in retail activity, it still looks like next week's real GDP report for July will post a gain of around 0.5 per cent, thanks to whopping gains in wholesale trade and manufacturing shipments,' Bank of Montreal economist Douglas Porter said.
From a Statistics Canada report on this: The furniture, home furnishings, and electronics stores sector rebounded (up 1.9%), offsetting the decline in sales observed in the previous two months. This was the second largest increase since the beginning of the year, attributable to a significant recovery in sales by furniture stores (up 2.3%) and home electronics and appliance stores (up 2.1%). Among the provinces, Nova Scotia (up 2.0%) and Saskatchewan (up 1.1%) experienced the sharpest rise in retail sales in July. Preliminary data from the automotive industry indicate that new motor vehicle sales increased 3% in August.
Canadian Press - Canada-U.S. tax treaty to increase investment, trade: officials (21 September 2007) Canada and the United States signed a new tax arrangement Friday to eliminate the withholding tax on investment interest that businesses have long said curtails cross-border investments. The change eliminates the 10 per cent withholding tax on interest paid by borrowers in one country to lenders across the border. Some economists predicted the elimination of the withholding tax could increase capital investment in Canada by as much as C$18 billion. Finance Minister Jim Flaherty and U.S. Treasury Secretary Henry Paulson praised the initiative they said had been 10 years in the making, saying it will further trade and investment.
From a Bloomberg News report on this: Canada and the U.S. updated a tax accord to reduce cross-border levies and open credit markets. The update 'opens up capital markets and probably reduces the cost of borrowing for Canadians,' said Len Farber, a senior adviser at Ogilvy Renault in Ottawa. 'This is going to give you greater access to capital markets.' It also extends the treaty benefits to limited partnerships, making it easier for U.S. venture capital firms to invest in Canada. The update also ensures both countries' tax regimes recognize pension contributions, and guarantees no double taxation on the capital gains of investors who change residencies from one nation to another.
The Vancouver Province - Premier, Nash form energy-saving team (21 September 2007) In a bid to reduce energy consumption by 20 per cent, British Columbia Premier Gordon Campbell and B.C. Hydro launched Team Power Smart in Vancouver on Thursday. Led by basketball star Steve Nash, the group aims to increase conservation of electricity. Premier Campbell said electricity demand in B.C. is expected to rise 45 per cent by 2020, so it's time to think twice about our energy use. According to Campbell, B.C. households can make a huge difference with a few simple steps: if they all changed five lightbulbs from incandescent to compact fluorescent, they would save enough energy in a year to power 235,000 homes; if they all turned off computers that are not in use, energy saved in a year would power every NHL arena for 62 years; and, unplugging the cellphone charger would save enough electricity to power Whistler and Blackcomb for the next 43 years.
CanWest News Service - Victoria tops in 'green' transportation (21 September 2007) Victoria [British Columbia] has the greenest urban transportation practices in Canada, followed closely by Vancouver, Ottawa-Gatineau, and Winnipeg, says a study conducted by the Appleton Charitable Foundation in co-operation with the University of British Columbia's business school. The ranking of 27 cities examined 17 factors, including public transit ridership, number of hybrid or alternative-fuel vehicles in public transit and municipal fleets, policies such as anti-idling, greenhouse gas emissions, employer-sponsored eco-transit pass programs and hybrid taxis. About 30% of Victoria's taxis are hybrids and 36% of its municipal vehicles use alternative fuels. Carbon emissions and ozone levels are among the best in Canada. Vancouver also has better air quality and hybrid taxis. Winnipeg came fourth because it has free transit in the downtown core and about 26% of its taxis are hybrids—the second-highest after Victoria. Winnipeg also boasts relatively low carbon emissions. Ottawa-Gatineau did well because 25% of workers don't drive to work, and it has employer-sponsored eco-transit passes and anti-idling bylaws. Toronto and Montreal tied for fifth place, both benefiting from high transit use. Toronto also benefited from anti-idling bylaws. Montreal took top honours for the number of people walking, biking or taking public transit to work.
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.
For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.
Copyright © 2007 Global Good News(sm) Service
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