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14 October 2007
5 October was the 5th day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
5 October 2007
Bloomberg News - Canadian Stocks Rise on Job Reports; Research In Motion Surges (5 October 2007) Canadian stocks rose sharply for a second day on Friday after better-than-expected jobs reports in the U.S. and Canada stoked optimism that the North American economy will propel profit growth. The TSX Composite Index added 108.23 to 14,233.34 and notched its fourth-straight weekly gain. 'The jobs reports added some assurance that things are moving along pretty nicely on the economic front,' said Fred Ketchen, senior trader at Scotia McLeod in Toronto. A gauge of technology shares rose 7.6 per cent. A measure of consumer-discretionary stocks added 0.8 per cent.
From a Reuters Canada report on this: The information technology sector gained 2.9 per cent. The industrials sector added nearly 1 per cent and the materials group advanced 0.8 per cent. The base metals and mining subsector climbed 3.5 per cent. The TSX kicked off October gaining nearly 1 per cent in five days.
The Globe and Mail - Jobless rate hits 33-year low (5 October 2007) Canada's jobless rate unexpectedly fell to its lowest level since November, 1974, as the economy created triple the jobs that economists expected last month. Employers added 51,100 jobs in September, compared with 23,000 in August, sending the rate to 5.9 per cent, Statistics Canada said. Most of the gains were in full-time jobs, which rose at the fastest pace in four months. Ontario was the biggest gainer. The report is the first to give a picture of the Canadian economy last month, and shows employers clearly weren't rattled by a credit crunch in August.
From a Canadian Press report on this: Employment among what is called core-age workers—people between 25 and 54 years—rose by 40,000, the first significant gain for this age group since the start of the year.
From a National Post report on this: 'Overall, the strength in the report certainly suggests that the Canadian economy continues to fire on all cylinders,' said Millan Mulraine, economics strategist at TD Securities. Douglas Porter, deputy chief economist at BMO Capital Markets, said the strong employment report suggests 'the summer credit market squalls barely laid a glove on the domestic economy.'
From a Toronto Star report on this: Average hourly wages rose 4.2 per cent in September from a year earlier, the biggest year-over-year increase since Statistics Canada began gathering that data in 1997. 'The combination of growing employment rolls and accelerating wage growth will be strong supports for consumer spending and will likely keep Canada's domestic economy powering on even as the trade sector weighs on the pace of growth,' said RBC Financial Group senior economist Dawn Desjardins. The jobs report also held a brighter picture for Ontario. Employment in Ontario jumped by 30,000 for the first significant gain this year.
From a Bloomberg News report on this: 'Employment just keeps rolling along in this country and it doesn't seem like anything can slow this freight train down,' said Doug Porter, deputy chief economist at BMO Capital Markets. Today's report shows 'no indication of stress for the economy, whatsoever'. Canada has added about 410,100 jobs in the past year, surpassing predictions in 10 of 12 months, as consumer spending fuelled hiring across the country.
Statistics Canada - Labour Force Survey (5 October 2007) So far in 2007, employment has grown by 1.7% (up 283,000), a rate of growth higher than that observed over the first nine months of 2006 (up 1.3%). The strongest employment growth over the first nine months of 2007 occurred in Alberta, up 3.4%, with gains across a number of industries. New Brunswick had the second-strongest employment growth (up 2.5%) in the country so far this year. British Columbia ranks third in employment growth so far this year (up 2.2%), with the largest gains in retail trade as well as construction. Quebec's employment growth so far this year (up 2.0%) has also been above the national average. . . . In September, the unemployment rate returned to its 33-year low of 6.9%, and the employment rate remained at its record high of 61.1% for the fourth consecutive month. The proportion of working-age Manitobans with a job reached 66.5% in September, an all-time high.
The Canadian Press - Canadian dollar breaks above US$1.02 as jobless rate tumbles to 5.9 per cent (5 October 2007) The Canadian dollar defied gravity Friday. It was a day of astonishing news for the Canadian economy, which had been expected to start feeling the pain from the summer subprime mortgage crisis in the United States. Statistics Canada reported that the economy churned out an additional 51,100 new jobs and employees earned 4.2 per cent more per hour last month than they did a year earlier. The higher wages are likely to keep the consumer demand part of the economy humming as more money in the pocket translates into spending. The Canadian dollar was also helped by revised U.S. figures showing job creation was higher in August than previously reported and kept growing in September. Analysts said the U.S. job numbers eased fears of an American recession that would eventually sideswipe the rosy economic picture in Canada, which counts its southern neighbour as its biggest export customer.
From a CBC News report on this: The Canadian dollar gained more than a cent and a half to reach a new 31-year closing high of $1.0185 US. That's the dollar's biggest one-day gain against the U.S. currency since June 1, 1970.
From a Bloomberg News report on this: The Canadian dollar climbed as high as $1.0217 US during trading Friday. The Loonie [popular name for Canadian dollar] also strengthened 1.6 per cent against the euro, the most in 15 months. The currency gained after a report showed unemployment dropped to a three-decade low. The gains accelerated after the release of the central bank's quarterly Business Outlook Survey, which showed Canadian executives continue to be positive.
The Canadian Press - Canadian businesses buoyed by economy, expect to hire more and sell more (5 October 2007) Canadians businesses are shrugging off the recent money market turmoil and are confident the Canadian economy will remain strong, according to the Bank of Canada's autumn survey conducted between 16 Aug. 16 and 14 Sept.
From a National Post reports on this: The bank survey indicated hiring intentions remain strong, up slightly from the previous survey conducted for the summer. Overall, the Canadian business community remains bullish about economic prospects. The survey suggests confidence in the economy is above-average.
From a Globe and Mail report on this: Canadian companies remained optimistic about the economic outlook this fall. Few businesses think tighter credit conditions will hurt their sales outlook or investment. The positive tone to the report, released hours after a survey showing employers were on a hiring binge last month, suggests companies aren't losing confidence and scaling back plans. Almost half of firms, 45 per cent, say they expect to add to payrolls over the next year. 'Strong domestic demand boosted sales growth over the past year, and, on balance, firms expect this pace of growth to continue over the next 12 months,' the report said.
The Toronto Star - All parties polish apple to promote local foods (5 October 2007) City dwellers are increasingly concerned about where their food comes from and how it is grown, and the four biggest parties in Ontario have platforms to provide a boost to local farmers. The Conservatives have promised incentives to encourage stores to carry Ontario-grown food. The Green party has a C$40 million programme to help stores and restaurants carry local food from 'sustainable' farm practices. The NDP would require grocery stores to reserve shelf space for Ontario produce. The Liberals plan to continue their C$13 million annual 'Buy Ontario' programme promoting local food. And three of the parties have promised to get Ontario jails, schools, and hospitals to start buying local food.
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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