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14 November 2007

31 October was the 31st day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

31 October 2007

Bloomberg News on Canadian stocks rise within one point of record (31 October 2007) Canadian stocks rose the most in 16 months to within one point of a record on Wednesday. The TSX Composite Index gained 312.92, or 2.2 per cent, the most since 15 June 2006. The benchmark closed 0.7 point from its 19 July record as five stocks rose for every one that fell. Canada's economy gained 0.2 per cent in August, twice as much as economists forecast. 'Canada is in a perfect situation,' said Vincent Delisle, chief strategist for Scotia Capital in Montreal. 'We've got a fast growing economy, the government is cutting taxes, and from a global perspective, the country's at the frontline of commodities.'

From a Reuters Canada report on this: All of the TSX's 10 main sectors finished higher. The materials sector gained 2.5 per cent. The financial group gained 1.8 per cent. The sector was up 3.7 per cent for the month.

From a Canadian Press report on this: 'You have a lot of positives—it makes people happy today,' said Julie Brough, vice-president at Morgen, Meighen and Associates.

The Canadian Press - Loonie soars to 50-year high; bests modern-era mark in after-hours trading (31 October 2007) The soaring Canadian dollar ended the official trading day at 105.85 cents US. That's the highest closing price for the loonie [popular name for the Canadian dollar] since 21 Aug 1957 and just short of a modern-era high of 106.14 cents US. In after-hours trading, the loonie broke through that historic barrier to trade a 106.17 cents US. That would put it above the mark that the Bank of Canada considers a record high. The remarkable strength of Canada's currency over the past few months can be traced to a number of factors, including the country's strong domestic economy and demand for resources. Wednesday's increase of .93 of a US cent was helped by the positive response to tax cuts announced the previous day.

The Canadian Press - Retail growth lifts Canada's economy (31 October 2007) The Canadian economy grew 0.2 per cent in August as retail trade jumped sharply after two months of decline, Statistics Canada reported. Both the goods and services sectors advanced. The 0.2 per cent overall expansion exceeded the consensus expectation of 0.1 per cent among private-sector economists. Most categories showed gains over July. Retail activity expanded by 1.3 per cent, propelled by car sales and supported by increases in purchases of furniture, electronics, general merchandise (including department stores), and food. Total retail trade was up 5.9 per cent from August 2006. Output in the mining sector leaped 2.9 pr cent, with total production of copper, nickel, lead, and zinc hitting an all-time high. Construction posted its fourth straight monthly increase, up 0.5 per cent in August. Among other sectors, finance and insurance grew 0.2 per cent in August, while the accommodation and food-services sector rose 0.9 per cent. The number of foreign visitors advanced 2.4 per cent over July. 'The Canadian economy is cruising along at a moderate growth rate,' commented BMO Capital Markets economist Douglas Porter.

From another Canadian Press report on this: Dawn Desjardins, an economist at RBC Capital Market, agreed the Canadian economy is likely to record solid growth in the third quarter, once the September data are in, albeit at a slower pace compared with the first half of 2007. 'However, domestic demand remains solid and the economy is already operating in a state of excess demand,' Desjardins wrote in a commentary.

From a Bloomberg News report on this: Canada's gross domestic product advanced for a fourth consecutive month in August, suggesting the economy kept running at full tilt during the recent turmoil in financial markets.

The Globe and Mail - Business groups laud focus on tax, debt (31 October 2007) The government has put Canada on track to become a low-tax, low-debt country within a few years, economists said. Business groups and bank economists applauded the focus on debt and taxes, saying the moves will improve the competitiveness of the Canadian economy, and as a result boost job creation and household incomes.

From National Post reports on this: All in, the package is likely to be mildly stimulative to the economy—0.8% of GDP according to BMO, a welcome boost. 'At the very least it will boost already strong domestic demand as early as Jan. 1, 2008,' said Douglas Porter, deputy chief economist at BMO Capital Markets. Mr Flaherty said he was able to deliver the reductions because the economy has grown faster than expected.

The Winnipeg Free Press - Manitoba's wage outlook promising (30 October 2007) Manitoba will see wage increases in 2008 second only to those in Alberta. The Conference Board of Canada predicts 'a construction boom', as well as strong economic conditions for this province's manufacturers, will push the average wage in Manitoba up 4.6 per cent.

The Canadian Press - Ontario home sales expected to remain strong: CMHC (30 October 2007) The latest Ontario housing forecast says the market for resale and new home starts will remain healthy through 2008. Canada Mortgage and Housing Corp. says Ontario home starts are expected to remain above historical averages, registering 67,700 units this year and 68,175 units in 2008.

The Globe and Mail - Atlantic firms target trade barriers (29 October 2007) Atlantic Canadian businesses want their provinces to join the Alberta-British Columbia free-trade initiative or create something similar on the East Coast in order to tear down provincial trade barriers. Alberta and B.C. signed the trade pact in 2006 to allow each province's businesses full access to the other's markets. Some want an Atlantic version of the pact, while others want Atlantic provinces to join the existing agreement to create a transnational trade zone.

CanWest News Service on Dalhousie and University of Alberta make academia Top 10 list (31 October 2007) The Scientist has named two Canadian universities to its Top 10 list of best places to work in academia in their international category. The influential magazine named Dalhousie University in Halifax No. 1 and the University of Alberta No. 5. Oxford University ranked 10th. U.S. schools are ranked in a separate list. The magazine cited Dalhousie's 'vigorous research atmosphere'. But the survey is about more than just the amount of research dollars and volume of science a school produces. A smaller school like Dalhousie might have less financial support, but is obviously a place where people can 'maximize their human and intellectual capacity', said Tom Traves, Dalhousie's president.

The Canadian Press - N.S. forms wildlife park in Halifax area (31 October 2007) More than 1,300 hectares of undeveloped land within the Halifax Regional Municipality have been made a protected wilderness area. The provincial government has committed to protecting 12 per cent of Nova Scotia's land mass by 2015. The new wilderness area has undeveloped lakes and wetlands, old red oak and red spruce stands, and a rare arctic-alpine plant called mountain sandwort.

The Canadian Press - VANOC teams with UN to turn Games green (30 October 2007) The Vancouver Organizing Committee for the 2010 Olympic Games wants to increase public awareness about the environment and has signed an agreement with the United Nations Environment Program to make that happen. VANOC's goal is to come up with innovative ways to minimize the environmental footprint before, during, and after the Games. Pal Schmitt, chairman of the International Olympic Committee's sport and environment commission, said that the 2010 Games in Vancouver will inspire sustainable action around the world. Officials have previously said the 2010 Games will be the most environmentally sustainable, with the goal of having carbon-neutral Games.

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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