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23 October 2007
11 October 2007 was the 11th day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
11 October 2007
The Vancouver Sun - Canada's trade surplus widens unexpectedly (11 October 2007) Canada's trade surplus widened unexpectedly in August, Statistics Canada said. The surplus expanded to C$4.1 billion last month from C$3.4 billion in July, with Canada's surplus with its main trading partner the United States rising to C$6.7 billion from C$6.48 billion in July 'despite the considerable appreciation of the Canadian dollar against the American dollar since the beginning of 2007', the agency said.
From a Globe and Mail report on this: The surplus was well ahead of the median forecast of analysts for a C$3.70 billion surplus. Peter Hall, deputy chief economist at Export Development Canada, noted that in volume terms, the trade balance was up in August, and that this may suggest continued strength.
From a Canadian Press report on this: Exports of wood pulp and other wood products used in the manufacture of paper rose 6.6 per cent. Exports of aircraft, engines, and parts climbed 37.1 per cent to C$2.1 billion, pushing total exports of the machinery and equipment sector up 6.6 per cent to C$8.4 billion. Industrial machinery exports rose for the second consecutive month, increasing 5.1 per cent to a record C$1.8 billion.
The National Post on rise of new home prices in August (11 October 2007) New home prices in Canada rose 6.5% in August over August 2006, according to Statistics Canada. On the Prairies, high demand fueled record year-over-year increases for Saskatoon at 53.6%, Regina at 29.2% and Winnipeg at 16.0%. Prices in Edmonton had a year-over-year increase of 30.2%, while Calgary registered a year-over-year increase of 6.1%. On the East Coast, housing prices rose 7.0% in Halifax and 4.5% in St. John's over last year.
From a Statistics Canada report on this: On a monthly basis, the fastest gain occurred in Regina (up 5.3%), its largest one-month increase in over 20 years. It was followed by Saskatoon (up 1.4%) and St. John's (up 1.2%).
Bloomberg News on Canada's dollar climbs to 31-year high (11 October 2007) Canada's dollar rose to a 31-year high on Thursday amid speculation the U.S. housing recession will not hurt global growth, brightening the outlook of economies linked to commodity exports. The Canadian dollar closed at $1.0242. The currency earlier climbed to $1.0278, the highest since November 1976. Canada's dollar is approaching $1.0412, the all-time high since Bloomberg began tracking the data in February 1971. The Bank of Canada let the currency float starting in 1970. The currency also gained after a report showed Canada's trade surplus unexpectedly widened in August.
The Toronto Star on third-quarter earnings projections (11 October 2007) Thomson Financial projects third-quarter earnings for companies on the TSX 60 will rise 7 per cent from the same period last year. Caldwell Securities portfolio manager John Kinsey expects a generally good quarter, citing the fact that almost 50 per cent of the market is commodity-related and prices have generally been high. Add to that the fact that financial services companies, which represent 30 per cent of the TSX composite, have been doing well. 'I think it's safe to say that the financial services, a little later, will be reporting very good earnings as well, so that's 80 per cent of our market . . . . I think you have to say on balance we're going to have a pretty good quarter,' Kinsey said.
The Globe and Mail - Canada No. 2 in well-off ranking (11 October 2007) According to Merrill Lynch, Canada currently boasts a 'misery index' of just 6.4 points, ranking its economy second-best off among G7 nations. What's more, the U.S. investment dealer's economists figure that Canada's showing suggests it will be more resilient than it may have been in the past, partly because it remains the only member of this group to boast both a current account and federal fiscal surplus. Not only does Canada boast an elusive twin surplus, but inflation remains 'relatively tame' and could well stay that way. The lower the number, the better off you are, according to the Merrill index, which measures the economic and social costs for G7 countries, based on their consumer price index, unemployment rate, real gross domestic product, fiscal budget balance, current account and three-month treasury bill rate. Canada's showing is down from 7.1 points last year. 'Despite a rising [Canadian dollar] with the loonie at multi-decade highs not just against the big Dollar but against the major [other currencies] as well, economic growth has seen only a modest slowdown so far in 2007,' Merrill Lynch economist David Rosenberg said.
The Toronto Star - Redefining personal well-being (10 October 2007) The gross domestic product—which measures the financial worth of a nation's output—is an unreliable indicator of how well a society is doing. A team of Canadian researchers from the health-care field, the environmental movement, the academic sphere, the government, the private sector, and the non-profit community has been developing a new index of well-being that measures a nation's quality of life, not just the size of its economy. 'Our mission is to provide Canadians with a clear, valid, and regular accounting of the things that matter to them and the genuine progress of Canada,' says former Saskatchewan premier Roy Romanow, who is spearheading the initiative. The Canadian coalition has linked up with scientists doing similar work in Australia, New Zealand, and the European Economic Commission. It has also played a prominent role in the Global Project, a push by the Organization for Economic Co-operation and Development to come up with a better way to measure societal progress.
The Globe and Mail on all-time high enrolment in Ontario universities (9 October 2007) In the past academic year alone, 357,000 students attended university in Ontario, an all-time high and fully 14,000 more than anyone expected. Looking ahead, the student population is expected to swell by almost 50 per cent over this decade, with 120,000 more expected in 2021. That's the equivalent of adding another University of Toronto, Queen's, and Waterloo to the Canadian system. Last year's 14,000 increase was in no small part due to the provincial government's additional C$1.5 billion for student financial assistance.
The Canadian Press - Life's better in Saskatchewan - poll suggests residents most content, optimistic (11 October 2007) A Canadian Press Harris-Decima survey of 1,400 western Canadians found that Saskatchewan respondents saw their health and well-being getting better along with their economic future. When it comes to the economic future in Western Canada, 93 per of Saskatchewan residents surveyed said it was likely to keep on getting better and better. Saskatchewan also led the other western provinces when it came to the number of people who felt their long-term financial security is better now than it was two years ago. Local businesses are feeling that optimism. A recent survey by the Canadian Federation of Independent Business found that 63 per cent of Saskatchewan small businesses expect to be stronger in the next year compared with 51 per cent nationally.
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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