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18 October 2007

10 October was the 10th day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

10 October 2007

Reuters Canada on Toronto stocks rise a fourth day on Wednesday (10 October 2007) The main index of the Toronto Stock Exchange edged higher for a fourth straight day on Wednesday. The TSX composite index gained 14 points to close at 14,276.19. The materials sector charged ahead 0.9 per cent, extending a record, as the prices of most metals advanced. The sector, which is third-biggest overall, has helped to boost the TSX index through September and so far in October. Its metals and mining subsector has surged more than 6.8 per cent in three days. Canada's benchmark index has added 1.8 per cent in four trading days and is 2.4 per cent below its July 19 record. It has risen in 14 of the last 20 sessions.

Reuters Canada - Jump in Canada housing starts is biggest since 1978 (9 October 2007) A sizzling condominium market propelled Canadian housing starts in September to their highest level since 1978, a 19.6 per cent monthly jump, which well exceeded analysts' expectations. Canadian housing starts rose to a seasonally adjusted annualized 278,200 units, a 29-year high, from 232,700 units in August, industry group Canada Mortgage and Housing Corporation said. While many analysts have expected the Bank of Canada to lower interest rates, strong domestic data reflecting a healthy economy has cut into their expectations. 'All told, despite the tighter credit and lending conditions, the housing sector continues to be a major source of strength to the economic performance in Canada ... ,' said Millan Mulraine, economics strategist at TD Securities.

From a National Post report on this: The seasonally adjusted annual rate of urban starts increased 22.9% to 244,400 in September, compared to August. Multiple-family housing starts skyrocketed 47.5% to 154,100 units.

The Globe and Mail - Builders break ground at furious pace (9 October 2007) Canada's housing activity continues to defy forecasts. Housing starts have been topping expectations all year, evidence that Canada's real-estate market remains strong. The sector will likely continue to underpin growth in the domestic economy. Activity swelled in all regions in Canada in September. Urban starts rose 46 per cent in Quebec and 23.6 per cent in Ontario. They also climbed 3 per cent in the Atlantic region, 11.1 per cent in the Prairies and 15.8 per cent in British Columbia. All regions saw double-digit increases in urban multiple starts, with Quebec leading the way with a 75.2 per cent increase.

From a Canadian Press report on this: 'The main story behind (the numbers) is the condo sales (and) it's not a surprise, because the Canadian economy's doing so well,' said Julie Taylor, a senior economist at CMHC. The numbers surprised many economists, who say starts were expected to moderate to 218,000. 'We are getting some additional unexpected strength ... ,' said Craig Alexander, deputy chief economist at TD.

From a CBC News report on this: Compared to September 2006, housing starts across the country were up 34.7 per cent in September 2007.

Bloomberg News - Canada's bonds fall, push 2-year yield to two-month high on housing starts (9 October 2007) Canada's two-year government bonds fell on Tuesday, pushing the yield to the highest in almost two months, after a report that Canadian new-home starts in September exceeded analysts' expectations, suggesting a strengthening economy. Bond yields move inversely to prices. The government said on 5 October that September unemployment dropped to a three-decade low. 'We're seeing a lot of strength in the Canadian economy,'' said Steve Butler, director of foreign exchange trading at Scotia Capital Markets in Toronto. 'It's one of those times when investors aren't panicking to buy more Canadian dollars despite the remarkable gains.''

The Canadian Press on Canada ranks 5th for helping developing world (10 October 2007) A respected US policy group ranks Canada fifth among 21 wealthy countries when it comes to supporting development in poor nations. The Center for Global Development, an independent research organization, says Canada actually takes first place in the Group of Seven industrialized countries for its contributions to the developing world. The annual survey ranked Canada 10th on development aid, with tax policies that encourage a large amount of private charitable giving. And it scored second on investment. Canada placed ninth on migration on the strength of the large number of immigrants accepted from developing countries. Several measures earned Canada second place on technology. The survey applauds Canada's low barriers to exports from poor countries. The center put Canada first among the 21 countries in terms of low tariffs and subsidies on the agricultural products it imports.

The Globe and Mail - Acupuncture to be covered for low-income citizens (10 October 2007) Nearly one million low-income British Columbians will be eligible for subsidized acupuncture treatment, making British Columbia the first province to offer such coverage. The province pays the medical services plan premiums for residents with a combined family income of C$28,000 or below. Already, patients in that programme can access physiotherapists, naturopaths, chiropractors, and massage therapists.

The Canadian Press - Cdn proposal to protect right whales accepted by international shipping group (10 October 2007) An area off the East Coast that teems with endangered North Atlantic right whales has been given special protections against container traffic. The federal government announced today that the International Maritime Organization has designated the Roseway Basin southwest of Nova Scotia as an Area to be Avoided in order to prevent whales from being struck by the propeller blades of passing vessels. The area about 80 kilometres off the coast of Nova Scotia is a key conservation ground for the North Atlantic right whale and attracts about 10 per cent of the global population.

From a CBC News report on this: Ships will have to avoid a designated area measuring 3,300 square kilometres. The designation will help the whales, numbering about 350 worldwide, recover from the brink of extinction.

The Montreal Gazette - Going global: Universities spread their wings (9 October 2007) Champlain College, a degree-granting school based in Burlington, Vt., has just introduced a new 'study abroad' programme—in Montreal. Champlain's president, David Finney, has invited students to 'internationalize their educational experience' by spending a semester brushing up on their French at Université du Québec à Montréal's residences, absorbing the city's cosmopolitan flavour, and making the most of cutting-edge multimedia and graphic design programmes. Champlain's other 'satellite' campus is in Mumbai. Last week, the Université de Sherbrooke and Dawson College joined forces with Beijing Normal University to establish the Confucius Institute of Quebec. Everywhere you look, universities are jumping on the globalization bandwagon, eager to recruit more foreign students or set up off-shore campuses and e-training programmes. Canadian students are also broadening their horizons. The number of Canadian students enrolling in foreign exchange programmes, work/study projects, and for-credit development initiatives has tripled in the past five years. In the meantime, a 2007 report by the Association of Universities and Colleges of Canada shows an upswing in the number of foreign students, with approximately 70,000 full-time and 13,000 part-time visa students on Canadian campuses in 2006.

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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