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2 November 2007

22 October was the 22nd day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

22 October 2007

Reuters Canada on Canadian stocks rise on Monday (22 October 2007) The Toronto Stock Exchange's main index finished higher on Monday, lifted by strong financials. The TSX composite index closed up 41.94 points at 14,043.60, with seven of the 10 main groups ending higher. Financial shares, which make up about 30 per cent of the market, led the way higher, gaining 1.1 per cent.

From a Bloomberg News report on this: Canadian stocks rebounded on Monday. Royal Bank of Canada paced gains among financial companies, after its bond sale was oversubscribed.

The Canadian Press on the Bank of Canada keeps interest rates unchanged (16 October 2007) The Bank of Canada is keeping its key overnight rate unchanged at 4.5 per cent. The bank's decision to keep interest rates unchanged comes at a time it says the Canadian economy is operating further above capacity than it had expected, despite a sky-high Canadian dollar and tighter credit conditions. It says the Canadian economy will grow by an average 2.6 per cent this year, up from the 2.5 per cent forecast in July.

Reuters Canada - Bank of Canada says housing stronger than expected (18 October 2007) Canada's housing market has proved to be stronger than expected, the Bank of Canada said. Continued substantial momentum has been bolstered by strong employment, sustained income growth, relatively low interest rates, and accommodative mortgage terms and conditions, the bank said. 'This momentum has exceeded the bank's expectations,' said the bank. Accompanying this has been higher than expected prices, particularly in the resale market.

The National Post on national housing outlook report (17 October 2007) One of the country's major real estate companies, Re/Max, in an outlook on Canada's housing market, says sales this year will smash through the record set in 2005 with a 13% increase from last year. The average price of a home sold will rise 9% from a year ago. 'By year-end, some of the most impressive gains in home sales will be realized in Ontario and Atlantic Canada,' said Michael Polzler, executive vice-president and regional director at Re/Max for Ontario and Atlantic Canada. Re/Max said a predicted decline in sales this year failed to materialize, making 2007 a record year for real estate activity in Canada. 'Clearly, economic prosperity has translated into increased housing sales and upward pressure on prices across the board,' said Elton Ash, regional executive vice-president, of Re/Max of Western Canada. 'The country's economic engine fired on all cylinders throughout the year . . . .'

From a Canadian Press report on this: By the end of 2007, housing values across the country are expected to shatter existing records. Double-digit increases in average price this year are forecast for Saskatoon, 49 per cent; Edmonton, 31.5 per cent; Regina, 21 per cent; Calgary, 20 per cent; Sudbury, Ontario, 20 per cent; Kelowna, British Columbia., 19.5 per cent; Saint John, New Brunswick, 17 per cent; St. John's, Newfoundland, 12 per cent; and Greater Vancouver, 10 per cent.

From a Reuters Canada report on this: Re/Max said it sees the same factors that fueled the rise in domestic housing starts in 2007 driving the market in 2008, though at a slower pace and without the same peaks and valleys. 'Solid economic fundamentals, including billions of dollars in capital projects, a positive unemployment outlook and solid consumer confidence levels will propel markets forward,' said Michael Polzler.

The Toronto Star on third quarter home resales in Canada (17 October 2007) Home resales in major Canadian markets remained high by historical standards in the summer months, according to a report by the Canadian Real Estate Association. Seasonally adjusted sales totalled 89,482 units from July to September, the third-highest quarterly level on record. The average price nationally rose 11.9 per cent in the third quarter compared with the same period last year.

From a Canadian Press report on this: Record high average quarterly prices were recorded in Vancouver, Calgary, Regina and Saskatoon, Sudbury, Windsor, St. Catharines and Kitchener-Waterloo, Quebec City, and St. John's, Newfoundland.

From a CBC News report on this: In the July to September quarter, sales broke records in London and Ottawa, Ontario, and St. John's, Newfoundland, according to the Canadian Real Estate Association (CREA). 'The underlying economic conditions in Canada that affect real estate are still very strong,' said CREA president Ann Bosley. The average price of a resale home rose by 11.1 per cent in September from the same month last year, the CREA said.

Statistics Canada - Current economic conditions (19 October 2007) In Canada, there were few signs that the disruption in some financial markets (notably asset-backed commercial paper) was affecting the real economy. Most importantly, employment jumped 0.3% in September, helping to send the unemployment rate to a 31-year low of 5.9%. Higher commodity and stock market prices in September also pointed to the underlying strength of the economy.

Bloomberg News - Canadian Murder Rate Plunged 10 Per cent in '06 as Gun Homicides Declined (17 October 2007) Canada's murder rate fell 10 per cent in 2006 for the first decline in three years, Statistics Canada said. Canadian police recorded 605 murders, or 1.85 for every 100,000 of the country's 31.6 million people, from 663 or a rate of 2.05 per 100,000 in 2005. Quebec recorded its lowest homicide rate in 40 years, with 1.22 per 100,000 people. Canada's homicide rate is about two-thirds lower than in the U.S., and also lower than in Germany or Switzerland.

From the Statistics Canada report: Prince Edward Island and New Brunswick recorded the lowest rates among the provinces.

The Globe and Mail on travel to and from Canada in August (18 October 2007) Canadians are taking advantage of a strong currency and solid economic conditions at home to flock south of the border, setting a record for air travel to the U.S. in August. Overnight travel by Canadian residents to the United States rose 4.2 per cent to almost 1.5 million in August from July, Statistics Canada said. Canadians are travelling in record numbers elsewhere too. Total overnight visits hit a record 2.1 million in August, which includes an unprecedented 609,000 trips to overseas countries. It's the sixth month this year that the number of trips overseas by Canadians passed the 600,000 mark, StatsCan said. Before this year, the 600,000-mark had never been reached. Meanwhile, overall travel to Canada from abroad rose 2.4 per cent from July, as U.S. and overseas travellers took nearly 2.6 million trips to Canada in August. Visits from the U.S. rebounded 2.8 per cent in the month.

From the Statistics Canada report: Travel to Canada rebounded in August . . . travel from 7 of Canada's top 12 overseas markets increased in August compared with July.

The Globe and Mail - B.C. takes steps to protect mountain caribou (16 October 2007) In an effort to save a dwindling and endangered population of mountain caribou, the British Columbia government is putting nearly 400,000 hectares of forest off limits to logging and road building. The area that will get new protection will be included within 2.2 million hectares of specially managed caribou management range. The plan calls for greater controls on human activities—such as snowmobiling—in mountain caribou habitat, and restrictions on resource industries. The plan was announced by Agriculture and Lands Minister Pat Bell. Mountain caribou numbers in B.C. have plummeted in recent years. The goal is to restore B.C.'s mountain caribou herds to the pre-1995 population level of 2,500 animals. 'It will take several generations of mountain caribou before they reach pre-1995 levels. However, together with our partners, we are committed to doing whatever it takes,' Bell said. B.C. has virtually the world's entire population of mountain caribou. There are 'almost 400,000 hectares of new protection so we're seeing it as a pretty major step forward', said Candace Batycki, Endangered Forest Program Director for ForestEthics. 'I'm thinking this is going to be the beginning of perhaps quite a shift,' she said. The plan reflects months of consultation with over 80 different groups including First Nations, resource industries, communities, and environmentalists.

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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