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Good news report from Canada

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8 October 2007

1 October was the 1st day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

1 October 2007

Reuters Canada - Broad rally sees Toronto stocks jump (1 October 2007) The Toronto Stock Exchange kicked off the fourth quarter Monday with a broad-based rally, building on a 1.1 per cent gain last week. The TSX composite index closed up 101.69 points, or 0.7 per cent, at 14,200.58. The benchmark has finished higher in six of the last seven sessions and is up about 10% for the year. Eight of the TSX's 10 main groups were up, led by the resource-laden materials group, which climbed 1.9 per cent. The index also found strength in the financials group, which rose 0.9 per cent. 'It seems to me investors are putting aside the potential torpedoes and just saying, well, we're going to go ahead,' said Adrian Mastracci, portfolio manager and president at KCM Wealth Management in Vancouver. 'There really wasn't bad news today, and I think what they're saying is that looking at the fears we had in the last month or so, perhaps it's not quite as bad as all that.'

Bloomberg News - Canada's Dollar Reaches Highest Since 1976 on Optimism for Economic Growth (1 October 2007) Canada's dollar rose on Monday to the highest in almost 31 years on speculation the U.S. economy will continue to expand, bolstering prospects for Canada's commodity exports. The currency traded $1.0089 at 4:11 p.m., reaching $1.0091 today, the highest since 22 November 1976. The currency strengthened after Citigroup Inc., the largest U.S. lender, said it expects 'a normal earnings environment' in the fourth quarter and former Federal Reserve Chairman Alan Greenspan said the credit slump may be ending. 'The general feeling in the market is that the worst of the U.S. credit crisis is behind us,'' said Matthew Strauss, a senior currency strategist at RBC Capital Markets in Toronto.

From a Reuters Canada report on this: The Canadian dollar rose as fundamentals for the currency remained strong. Since slumping through part of August amid global credit concerns, the Canadian currency has shot higher thanks to a solid domestic economy and lofty commodity prices. 'Canada still seems very well in favor,' said Steve Butler, director of foreign exchange trading at Scotia Capital.

The Globe and Mail - What credit squeeze? Loans rose in August (29 September 2007) Banks were perfectly happy to offer business loans and mortgages even in August. Total credit to businesses actually rose in August, a month that saw a credit squeeze hit the U.S. and crunch Canada's non-bank asset-backed commercial paper market. That didn't appear to scare banks though. The 1-per-cent rise in business credit in August was the largest monthly increase in more than seven years, Merrill Lynch Canada economist David Wolf said. The numbers indicate that banks were confident enough to keep lending, he said. 'Even in August, when this turbulence started to hit, that credit creation process seemed to extend unabated.' Household credit jumped 1.2 per cent in July, the largest increase in more than 17 years, amid strong consumer and mortgage lending. In August, chartered banks' provision of household credit was still climbing. 'These numbers are pretty encouraging,' Mr Wolf said.

CanWest News Service - Setting up shop easy in Canada (27 September 2007) Canada is the second easiest country in the world in which to launch a business and seventh when it comes to doing business, according to the latest annual report by the World Bank, which ranks 178 industrial and developing countries on how business friendly they are, based on the ease of starting up and running a company.

The Canadian Press on CEOs call for action on climate change (1 October 2007) Canada's top business leaders have endorsed a plan to combat global climate change. A task force of the Canadian Council of Chief Executives released a report calling for a national strategy that produces real reductions in greenhouse gases. Council president Tom d'Aquino, a task force co-chair, said business leaders from every sector of the economy have accepted the responsibility of making greenhouse-gas reductions. And he noted that while the report calls for the controversial intensity targets—which would allow industries to increase emissions if they produce more products—the chief executives also say that the intensity targets must result in absolute, economy-wide reductions.

'There isn't another country in the world that has brought together such a coalition of CEOs and business interests to pursue an environmental agenda,' d'Aquino said. 'And the second point is that this is not businesses whining or whinging about global climate change. What we're saying is, if we harness the opportunities that the climate change offers us, ultimately Canada will emerge not only an energy superpower but also an environmental superpower.' The most encompassing recommendation is that the federal government, provinces, industry, and consumer groups join forces on an agreed-upon national action plan on climate change.

From a CBC News report on this: 'We know enough about the science of climate change to recognize that aggressive global action is required,' the report said. 'The ultimate goal must be to achieve substantial absolute reduction in emissions of greenhouse gases in Canada and globally.'

From a Globe and Mail report on this: They say they're confident that clean technology investment—spurred by incentives—could help Canada become a leader in trimming emissions output. They say consumer preferences are shifting toward more environmentally friendly alternatives, but market forces alone are unlikely enough to meet the challenge of climate change.'

The Toronto Star - Canadian 'cleantech' fund to launch (30 September 2007) Ottawa-based Venture capital firm Venture Coaches will launch its C$100 million Canadian Cleantech Fund early next year, the first major fund dedicated to the Canadian market. The fund will support technologies that promote the efficient use of energy and better approaches to waste reduction and water conservation. 'There have been some great companies built out of the amazing research and development done in Canada, but there's not nearly enough venture capital,' said Claude Haw, managing partner with Venture. On 24 October, venture capitalists and cleantech companies from around the world will converge on Toronto at the Cleantech Forum.

The Canadian Press - Contaminant levels dropping among Arctic mothers, blood studies show (29 September 2007) A new study looked at contaminant levels, including lead, mercury, and PCBs, in expectant mothers from 14 communities in the Northwest Territories, comparing the results with a study in 2000. The results are good news for northern aboriginals. The study found significant drops in the amount of such contaminants in the mothers. Levels of lead, mercury, and PCBs—considered a carcinogen—all fell by 24 per cent. The average levels of both lead and mercury are now below the threshold considered to be of concern. Average PCB levels are now 1.3 per cent above the level of concern, down from 4.3 per cent in 2000.

The National Post on Canada-China ties (29 September 2007) Canada is home to more than one million Chinese immigrants and Chinese is Canada's most widely spoken language after English and French. China is Canada's second-largest trading partner. In recent weeks, Raymond Bachand, Quebec's Minister of Economic Development, and Gerald Tremblay, the Montreal Mayor, led trade delegations to China, while Kelly Lamrock, New Brunswick's Education Minister, met Chinese officials in Beijing, Shanghai, and Shenzhen to discuss providing Canadian curriculum for Chinese schools. China has become Canada's 10th-largest source of tourists. It is also Canada's second-largest source of foreign students. The University of British Columbia has seen enrolment by Chinese students grow tenfold in recent years. Thirty-four Chinese companies are listed on the Toronto Stock Exchange's equity indexes and up to 21 companies based in Canada have most of their assets in China.

The National Post - Signs hint of new approach to Chinese relations (27 September 2007) All the signs point to a more nuanced approach to China than the one last year. Now, the government has moderated its tone . . . a new, more thoughtful approach to foreign relations.

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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