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7 November 2007
26 October was the 26th day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
26 October 2007
Reuters Canada - Toronto stocks soar 170 points in broad rally (26 October 2007)The TSX composite index ended up 171.49 points, or 1.2 per cent, at 14,296.43 on Friday, with all of its 10 main sectors higher. Materials gained 1.8 per cent, while its subsector of gold producers was up 2.4.
From a Bloomberg News report on this: Canadian stocks had the biggest gain in five weeks on Friday. Financial stocks climbed 1.9 per cent. It was the finance group's best gain in more than two months.
From a Canadian Press report on this: Toronto's TSX composite index gained 294.77 points or 2.1 per cent this week.
The National Post - Feds post surplus of $900 million in August (26 October 2007) The federal government posted a surplus in August of C$900 million, nearly double what it recorded for the same month a year ago, the Finance Department said. The surplus for the first five months of this fiscal year stands at C$8.7 billion, or roughly 21 per cent ahead of last year's pace. At the current rate of tax revenue and federal spending, the budget surplus is likely headed toward the low C$20 billion range for the 2007-08 fiscal year—which would break the previous record of C$19.8 billion.
From a Globe and Mail report on this: This suggests the government is on track for another massive windfall because its fiscal position is already rosier than the same time last year. All this excess cash is driven by massive increases in corporate tax revenue that gives Finance Minister Jim Flaherty more room to offer the tax relief the government has been promising.
From a Bloomberg News report on this: The Finance Department in August said it will raise revenue and surplus projections in its semi-annual budget update, expected in the coming weeks, as the world's eighth-biggest economy benefits from higher commodity prices and corporate profits.
The Canadian Press - Construction leads the way as payroll employment up 0.8 per cent this year (26 October 2007) The average weekly earnings of payroll employees increased C$1.13 in August to C$772.59. Statistics Canada says the year-to-date growth, calculated as the average of the first eight months of 2007 compared with the average of the same eight months in 2006, was 3.1 per cent. Earnings grew for the first eight months of 2007 in manufacturing by 3.6 per cent. Nationally, the number of occupied payroll jobs climbed 16,100 to 14,336,400 in August. Real estate, rental, and leasing (1.5) showed among the strongest employment growth in August. The biggest gain in payroll jobs since December 2006 has been in construction (5.2 per cent) as overall payroll employment grew by 118,700 payroll jobs since the beginning of the year.
CBC News on fourth quarter business survey (26 October 2007) Statistics Canada, in its quarterly Business Conditions Survey, found that 25 per cent of the 3,000 companies surveyed said they would increase production over the next three months, up three points from July.
From a Reuters Canada report on this: The balance of opinion for durable goods, calculated by subtracting the percentage of firms that predicted a decrease from those who expected an increase, improved to 25 from 16 in the previous quarter. The transportation sector, which includes automakers, registered a jump in the balance of opinion to 25 from 16 previously. Overall, a majority of the companies who participated in the survey in early October said they saw production, new orders, unfilled orders, and employment remaining at about the same level over the next three months.
From the Statistics Canada report: The October balance of opinion for employment prospects for the next three months remained unchanged from the July survey at 1. Some 64% of manufacturers stated that they would keep their current workforce, 18% indicated they would increase it, and 17% indicated that they expected to decrease employment in the fourth quarter of 2007.
The National Post on lower retail prices (26 October 2007) Lower retail prices that reflect the strength of the Canadian dollar would have a dramatic impact on the economy, says an economic analysis conducted by BMO Capital Markets. Douglas Porter, the firm's deputy chief economist, said prices for goods in Canada have dropped on a year-over-year basis. That trend is likely to continue, and perhaps deepen, from pressure on Canadian retailers to keep prices competitive and keep shoppers from flocking to the border. According to calculations done by Mr Porter, a 5% drop in prices in a basket of goods affected by the Canadian currency's valuation—such as cars, clothes, tools, furniture and books526mdash;would add roughly C$15 billion into the economy and reduce inflation by 1.3 percentage points. Moreover, import prices are destined to drop further. They were down 4.5% from year-ago levels in August before the loonie [popular name for the Canadian dollar] hit parity and could drop up to 10% due to recent gains.
The Ottawa Citizen - Canadian university endowment funds skyrocket (26 October 2007) The value of Canadian university endowment funds has reached an all-time high, surpassing C$10 billion. The figures from the Canadian Association of University Business Officers show that as of December 2006, the net value of all endowments grew to C$10.4 billion, a 55-per-cent increase from 2002 when they were valued C$6.7 billion. The study says the growth in endowments since 2002 has been driven by stepped-up efforts to raise money (C$2.3 billion) and improvements in investment returns (C$3.4 billion). As a result, C$2 billion have been handed out to professors and students across the country to support research and teaching positions and fund scholarships and bursaries.
The Toronto Star - Investment in 'clean' technologies at record high (26 October 2007) Canadian companies with technologies that reduce waste, lower energy consumption, and keep greenhouse gases out of the atmosphere received a record amount of venture capital investment in the third quarter of 2007. About C$109 million was invested in Canadian clean technology companies in the third quarter, about 85 per cent higher than the first two quarters of 2007, according to the Cleantech Network at its venture capital conference in Toronto.
The Toronto Star - Caisse may invest $1.6 billion in Indian real estate by 2012 (23 October 2007) Caisse de depot et placement du Quebec, Canada's biggest pension-fund manager, plans to invest in Indian real estate and may spend up to C$1.6 billion there in the next five years. Real estate development in the country is forecast to increase to US$90 billion by 2015 from $12 billion in 2005. 'We are really focused on India right now,' chief executive Paul Campbell said. 'This is the future, this is where the growth is going to be. We have no choice but to be there, or our returns over the next 20 years are going to lag.'
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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