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Report from Canada: Good news

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5 November 2007

25 October was the 25th day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

25 October 2007

Bloomberg News - Canadian stocks rise on Thursday (25 October 2007) Canadian stocks rose on Thursday. The TSX Composite Index added 36.43 to 14,124.94 in Toronto. The benchmark index has risen 8.2 per cent since 15 August.

From a Canadian Press report on this: 'We definitely are going to take (the previous record) out and move to 15,000 if not in the first quarter of next year, in the early part of January or so,' said Joe Ismail, technical analyst at Maison Placements Canada.

Bloomberg News - Canada's dollar approaches record high as commodity prices rise (25 October 2007) Canada's dollar on Thursday approached a record high set in 1974. 'Investors feel better today,' said Steve Butler, director of foreign exchange trading at Scotia Capital in Toronto. The Canadian dollar rose to US$1.0349 at 4:24 p.m., up from Wednesday's session close of $1.0318, after earlier approaching the May 1974 peak of $1.0412—the high for Bloomberg data, which begins in February 1971. The Bank of Canada let the currency float in 1970. Canada's dollar, nicknamed the loonie after the image of the national bird on the one-dollar coin, is the best performer against the U.S. dollar this year among the most-actively traded currencies. It has gained 20.7 per cent since December.

The National Post - Pension funds in great shape, report says (24 October 2007) Canadian pension funds are in the best financial shape they've been in more than five years, and have managed to build up a small surplus as a cushion against future setbacks, according to a report by global consulting firm Watson Wyatt. The ratio of plan assets to plan liabilities of the typical pension fund climbed to 105% at the end of September, up from 89% a year earlier. 'Canadian pension plans have not been this well funded since April, 2002,' said David Burke, retirement practice director of Watson Wyatt's Canadian offices. The ratio—a measure of the ability of pension funds to meet their pension obligations—hit a low of 84.6% in May, 2003, and was just 84.7% as recently as June, 2005. The continued improvement in the financial health of funds will be of comfort to many plan sponsors as many organizations approach their key 31 December budget planning deadline.

The Globe and Mail on Canada now world's fourth best place to do business (25 October 2007) Canada is regaining its stance as one of the world's top places to do business. The country climbed a notch to fourth place in the annual Economist Intelligence Unit's business environment rankings. Denmark took the top spot, followed by Finland and Singapore.

Statistics Canada - Farm Product Price Index (24 October 2007) Prices for crops were up 8.3% in August compared with August 2006, according to the Farm Product Price Index, continuing the upward trend in year-over-year price changes that began in September 2006.

The Globe and Mail on report on commercial real estate trends (23 October 2007) According to a major report on North American real estate by the U.S.-based Urban Land Institute and PricewaterhouseCoopers, in Canada 'All property sectors share positive prospects, especially industrial and retail.' The soaring Canadian dollar brings benefits to importers and any company making capital purchases, which are almost always priced in U.S. dollars, says Edward Sorbara, principal in Sorbara Group of Vaughan, Ontario, a major industrial sector developer, who was interviewed for the report. 'With rents for office space rising by double-digit levels and vacancy rates extremely low, that means more and more building owners are upgrading properties. They know if they renovate, if they become 'green' and energy efficient, they can both fill their buildings and charge rents that provide a quick return on their investment,' says Chuck Stradling, executive vice-president of BOMA Toronto, a division of the national Building Owners and Managers Association. Blake Hutcheson, president of CB Richard Ellis and another of the report's Canadian sources, suggests Canada benefits from huge global demand in resources, which fuels both the economy and demand for all forms of real estate. 'All those years of significant federal surpluses have given consumers confidence and that confidence shows up in spending,' Hutcheson adds—spending on homes, retail goods, and business expansion.

The National Post - Toronto resales outperform in pace, price in first half of October (20 October 2007) The Toronto Real Estate Board is confident its latest results indicate a strong autumn season. The first two weeks of October posted 10% higher resale activity than in the same period a year before. The current average price of a house in the Greater Toronto Area is up 13% over the same period last year, and 9% over the first two weeks of last month.

CanWest News Service - Quebec City approaching murder-free year (25 October 2007) There has not been a single homicide in Quebec City so far this year, and for almost an entire year. 'I have to say it's surprising and very exceptional,' said Jean-Sebastien Roy of the Quebec municipal police. The police don't know exactly how to explain the sudden drop in the homicide rate. 'We are very fortunate and it could well be just a stroke of luck,' Roy added.

The Toronto Star - Royal Bank to invest in clean water (25 October 2007) Calling water scarcity an 'urgent global humanitarian crisis', the Royal Bank of Canada announced the creation of a C$50 million program to support water conservation and access to clean water. The company said the 10-year grant program, called the RBC Blue Water Project, represents the largest charitable commitment in its history. It will fund projects both within and outside Canada, including community-based initiatives aimed at local water conservation.

The Canadian Press on Canada's first national marine conservation area. (24 October 2007) A large swath of the rugged, pristine northern shore of Lake Superior will become Canada's first national marine conservation area. Wilfred King, the regional grand chief of the northern Superior region, said the First Nations he represents are satisfied that their interests have been taken into account and that the terms of the Robinson Superior Treaty of 1850 are being respected. 'We want to make sure the park stays pristine,' King said. Other marine conservation areas under negotiation include the southern Strait of Georgia and Gwaii Haanas, both in British Columbia. There are also active discussions to study the feasibility of another area on the southern coast of Newfoundland.

From a CBC News report on this: It will protect the area from things like mining and oil and gas development—anything that could damage the water or delicate landscape. Environmentalists are delighted with the announcement. 'It's globally significant in this age of fresh water shortages and pollution,' said Joannie McGuffin, of the Lake Superior Watershed Conservancy.

From a World Wildlife Fund-Canada release on this: The governments of Canada and Ontario signed an agreement to establish the largest freshwater reserve in the world. One million hectares of western Lake Superior will become Canada's first National Marine Conservation Area. 'This is indeed an important day for conservation in Canada and a long-awaited victory for the residents of the North Shore,' said Mike Russill, President and CEO of WWF-Canada. 'This is the kind of natural wonder that makes Canada the envy of the world, and we do well to protect it for future generations, everywhere,' said Monte Hummel, President Emeritus of WWF-Canada.

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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