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Good news report from Canada

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16 November 2007

5 November was the 5th day of the fifth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

5 November 2007

Reuters Canada on Canadian dollar extends record high (5 November 2007) The Canadian dollar edged higher on Monday and extended its charge to historic highs. The Canadian dollar closed at US$1.0718, up from Friday's close of US$1.0704. During the overnight session the currency hit US$1.0748, which marked its highest level since the late 1800s.

From another Reuters Canada report on this: The rosy outlook for Canada has helped the Canadian dollar, said Steve Butler, director of foreign exchange trading at Scotia Capital. 'Canada still looks like a great place and if you had to pick a spot where there's been almost nothing but good news, it sort of seems like Canada is the place at the moment,' he said.

The Canadian Press - Finance Minister 'encouraged' to see Canadian retailers lower prices on high loonie (5 November 2007) 'I'm encouraged by the fact that many retailers have lowered prices,' Finance Minister Jim Flaherty said on Monday. 'There's still some adjustments to be made, quite clearly, given the increased purchasing power of the Canadian dollar [known popularly as the 'loonie'] and the extent of that increase.' And he believes the move to further reduce the goods and services tax in a second one-percentage-point cut will further stimulate spending.

The Canadian Press - Job growth in services and resources offset losses in manufacturing (4 November 2007) In recent years, the resources and services sectors have been on fire, driving up wages and income, while manufacturing remains under siege. The economic shift in Canada mirrors changes in all western industrial countries, as their economies move towards services. In Canada, that shift appears to be offset by a boom in jobs in mining, financial services, health care, and education. Doug Porter of BMO Capital Markets says, 'People tend to downplay the public sector or service sector jobs but a lot of these jobs can be relatively high skilled, high paying and stable. From a consumer spending standpoint, those jobs count every bit as much as a manufacturing job.' More than 280,000 jobs were created in Canada so far this year. That's almost as much as the manufacturing sector has lost in the last five years. Overall, job growth continues in every province, pushing up consumer spending.

The National Post - Tax cut will spur economy (2 November 2007) Some 2.3 million businesses are registered with the Canada Revenue Agency and the large majority are small- to medium-sized businesses, employing close to 6.7 million workers, or 65% of all employees in the private sector. In addition, there are considered to be about 2 million self-employed business operations in Canada. Finance Minister Jim Flaherty had some breaks for the sector that will make a significant impact on individual business cash-flow situations. He removed a 1.12% corporate surtax and cut the rate by another 1%, bringing the federal small business tax rate in 2008 to 11%. For a business earning C$250,000, that means a saving of about C$5,300. Tony Mastrangelo, a North Vancouver chartered accountant, commented that 'when a small business operator gets more money to invest in his or her own business, it increases confidence and has ripple effects'.

CBC News - Transport Canada approves 100% electric car (2 November 2007) Transport Canada has authorized a Canadian electric carmaker to produce a vehicle for the Canadian market. Toronto-based ZENN Motor Company makes the 100 per cent electric car, the ZENN (zero emissions, no noise), which is built in St Jerome, Quebec. Roughly the same size as the Mini-Cooper, it would sell for approximately C$14,000. It's currently sold in most American states, Mexico, and Europe. The car is considered a low-speed urban vehicle with a regulated maximum speed of 40 km/h. It's designed for areas where speed limits are 50 km/h or less, such as city core or neighbourhood-type driving, said company founder Ian Clifford.

The National Post - $60M South Asian-themed mall to be built in Markham (3 November 2007) A Markham, Ontario developer will next month begin building a C$60 million South Asian-themed mall, the largest development of its kind in North America. 'For me, this is a prime location for South Asians. . . . Many houses are being bought by South Asians and their numbers are growing,' David Lam said. The 240,000-square-feet [22,297 square metre] Sitara (The Star) will house 500 retail shops, restaurants, a huge banquet and convention centre, and a two-storey atrium for concerts. South Asians form a large portion of immigrants to Canada; emigration from India alone accounts for 12%. 'There are some projections that by 2017, one out of every six Canadians will be of South Asian origin,' Lam said.

The National Post - Green trend on the rise (3 November 2007) Green-friendly home improvements will likely yield a solid return on investment come selling time as almost three-quarters of Canadians (72%) say they will look for a green-improved property in their next home purchase, and 63% will be willing to pay more for an environmentally friendly home, according to the Royal LePage Eco Home Survey. The survey examines the attitudes and opinions of Canadians with respect to green living. 'The mood of Canadian homebuyers and sellers is changing with the times—environmental concerns are impacting the decisions people are making about their dwellings,' says Phil Soper, president of Royal LePage Real Estate Services. 'From simple energy conservation efforts to the more elaborate use of organic building materials, the environmentally conscious mindset that our agents are seeing in clients is not a passing trend.' To this end, Royal LePage is launching a partnership with the National Association of Green Agents and Brokers, as well as a green accreditation program that will educate realtors, brokers, and consumers on how to make eco-friendly homebuying decisions.

The National Post - Largest green subdivision in Canada slated for Scarborough (3 November 2007) Last week, developer Monarch announced an undertaking to build the largest low-rise green subdivision in Canada, one that uses fewer resources and is healthier for both people and the environment. Evergreen, as it's named, will be located on a 24-acre [9.7 hectare] parcel in the Scarborough district of Toronto. The LEED for Homes building standards are so new there isn't even a Canadian version of them yet. (LEED stands for Leadership in Energy and Environmental Design.) Evergreen, using the American rating system, will be a sort of blueprint for green homes in Toronto and in Canada, a project of 196 residences (79 town homes and 117 detached) all built to the most stringent environmental standards available.

While dozens of LEED-certified high-rise condos have been built or are under construction, only a handful of low-rise homes can claim the distinction, many of them one-off demonstration homes. The LEED checklist includes sustainable site development and landscaping, water- and energy-efficiency, environmentally appropriate selection of finishes, indoor air quality, and proximity to public transit, among other things. The homes will incorporate airtight insulation, high-performance windows and doors, and high-efficiency heating, cooling, appliances, and lighting. Measures like these not only reduce greenhouse gas emissions that contribute to climate change, but also save homeowners money in lower energy bills. Monarch president Brian Johnston believes Evergreen will resonate with buyers in the midst of a burgeoning eco-consciousness. It's also, Mr Johnston says, 'the right thing to do.'

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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