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Good news report from Canada

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17 November 2007

6 November was the 6th day of the fifth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

6 November 2007

Bloomberg News - Canada Stocks Rise on Growth Outlook, Led by Suncor, Goldcorp and Nortel (6 November 2007) Canadian stocks rose on Tuesday on renewed optimism of global demand for the nation's resources. The TSX Composite Index gained 97.19, or 0.7 per cent, to 14,370.56. A gauge of materials stocks advanced 1.7 per cent. 'The commodities and materials-oriented stocks are tied to strong global growth,' said John Stephenson, who helps manage the equivalent of about C$1.62 billion as a portfolio manager at First Asset Investment Management in Toronto. Nortel Networks, North America's biggest phone-gear maker, jumped 17 per cent, the most since 4 May 2004.

From a Reuters Canada report on this: Positive earnings also added some optimism with Magna International and Nortel Networks among the day's biggest advancers after they reported third-quarter earnings.

From a Canadian Press report on this: Nortel led the tech sector up three per cent.

CBC News on September building permits (6 November 2007) Municipalities issued building permits valued at C$6.2 billion in September, from C$6.3 billion in August, Statistics Canada reported. Residential permits in September climbed 2.6 per cent to C$4 billion. Residential permits issued in Ontario jumped more than 27 per cent to C$1.6 billion. Toronto was especially strong, with the total value of September permits—residential and non-residential—up 51.4 per cent to C$1.55 billion, compared with August.

From a Canadian Press report on this: The total value of building permits in the July-September quarter was C$18.7 billion, the second-highest quarterly level on record. 'This strength during recent months indicates that construction sites should remain busy in the coming months,' Statistics Canada commented.

From a CanWest News Service report on this: Residential permits were worth C$4 million in September. 'This ranked as the second-highest monthly value since December 2005, thanks to a fourth gain in five months for the single-family component,' StatsCan said. 'Strength in employment, growth in disposable income, tight apartment vacancy rates in certain centres, and attractive financing options continued to stimulate the demand for housing.'

Statistics Canada - Building permits (6 November 2007) Municipalities approved single-family permits valued at a record high of C$2.7 billion, a 9.4% increase over August. The number of single-family units approved rose 4.4% to 10,454, the highest level since January 2006. In the commercial component, municipalities issued C$1.3 billion worth of permits in September, down a slight 0.4% from August. Despite the September decline, several factors are still having a positive impact on the non-residential sector. Low office vacancy rates, high corporate profits, increasing demand for health and nursing facilities, and the vigorous retail sector are all factors helping to stimulate the demand for non-residential space. In Ontario, intentions for non-residential buildings surpassed the C$1.0 billion mark in September for only the third time since 1989, thanks to projects for office buildings.

The Globe and Mail - Three cities, two trends, one theme (5 November 2007) Toronto, Calgary, and Vancouver are as different as cities get and yet share a common bond%@6mdash;seven years of economic prosperity, which has led to office vacancy rates in the low single digits and the prospect for rental increases higher than anything seen so far this decade. 'Vacancy rates, especially in the downtown cores, are so low that available space is nearly negligible,' says Wayne Barwise, vice-president of office development at Cadillac Fairview in Toronto.

The National Post on Toronto housing sales in October set record (6 November 2007) Homebuyers across greater Toronto went on a buying frenzy last month, setting a record for housing sales in the month of October. The Toronto Real Estate Board's figures showed a 15% increase in sales across the Greater Toronto Area over last October, bettering the previous record for the traditionally mediocre sales month set in 2003 by 10%. The board said there were a total of 7,915 single-family homes sold last month, driving the overall figures for the year to 12% above those of last year and setting up 2007 as a potentially 'banner year', Maureen O'Neill, president of the Toronto Real Estate Board, said.

From a Toronto Star report on this: The Toronto Real Estate Board reported the average home price in the Toronto area is up 11 per cent from a year ago.

Bloomberg News on Canada's dollar rises to new record Tuesday (6 November 2007) Canada's dollar rose to a new record on Tuesday. The currency rose 1.4 per cent to US$1.0864 at 4:49 p.m. and earlier reached US$1.0869, the highest since Canada first allowed the currency to float in 1950. 'It's hard for investors to ignore Canada, where so many positive things are happening,' said Steve Butler, director of trading in Toronto at Scotia Capital.

Bloomberg News - Surge in government, business spending (6 November 2007) Canadian business and government spending unexpectedly accelerated in October, the Ivey Purchasing Managers Index showed Tuesday. The index rose to 57.1 from 56 in September, according to the monthly survey by the Ivey School of Business in London, Ontario. Economists forecast a reading of 55, according to the median of 17 estimates in a Bloomberg News survey. Readings above 50 mean purchasing increased.

From a Reuters Canada report on this: Purchasing activity in the Canadian economy climbed higher in October, and at a faster pace than in the month before, according to the Ivey Purchasing Managers Index. The Ivey employment index rose to 61.2 from 55.5 in the previous month. 'Hiring intentions are quite strong . . . and the highest reading since May of this year,' Stewart Hall, market strategist at HSBC Securities, wrote.

The National Post on Canadian investment income in 2006 (6 November 2007) Canada has once again become a nation of investors, according to a Statistics Canada report that says not since the end of the high-tech boom have so many Canadians earned so much investment income as they did last year. More than 8.2 million people reported C$40.9 billion of income from investments, including dividend and interest income, according to income tax returns filed in the spring of 2007, the federal agency said, noting that is the highest number of people to report investment income since 2000. There was an increase in people reporting investment income in all provinces. The investment income excludes capital gains and tax sheltered retirement savings plans. The number reporting investment income rose 5.4% from 2005, while the income was up 16.3% [taking inflation into account], or more than double the 7.9% growth reported in 2005.

The Canadian Press - Historic Tsawwassen treaty close to getting final by BC politicians (5 November 2007) The first urban land-claims treaty in Canada has passed second reading in the British Columbia legislature, with third and final reading now scheduled for later this week. Tsawwassen Chief Kim Baird was invited inside the legislature earlier this fall to participate in the B.C. government's introduction of debate on the treaty. In July, the Tsawwassen people voted overwhelmingly in favour of the treaty. The deal with the Tsawwassen First Nation gives the 300-member band the ownership of more than 700 hectares of prime land in Delta, south of Vancouver, about C$14 million in cash, and self-government provisions.

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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