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Good news report from Canada

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23 November 2007

8 November was the 8th day of the fifth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

8 November 2007

The Canadian Press on October housing starts (8 November 2007) Housing starts declined in October from September's outstandingly strong gain, Canada Mortgage and Housing Corp. (CMHC) reported. The month-over-month drop in the seasonally adjusted annual rate to 219,500 from 281,300 'reflects the exceptional strength in new construction in September rather than weakness in October,' stated CMHC economist Bob Dugan. 'We continue to expect that residential construction activity will remain strong throughout next year . . . .' On the housing front, 'even though starts dropped in October, the level remained elevated by historical standards, and so far this year, starts were running at the fastest pace since 1987,' commented Royal Bank economist Dawn Desjardins. Contractors' selling prices increased 6.2 per cent between September 2006 and September 2007. 'Most of the increases in the past have been in Western Canada, and it's still quite hot out there,' said economist Neil Killips, the author of the Statistics Canada report. 'Prices are still going up, but not as fast as they were before.'

From a Reuters Canada report on this: Double-digit annual price rises for new houses were seen in Edmonton, Winnipeg, Regina, and Saskatoon in September. The Bank of Canada uses housing prices as an indicator of whether the economy is overheating. The drop in housing starts was viewed as a return to normalcy after a much-higher-than-expected number in the previous month. In Canada, solid housing construction continues to be a cornerstone of the economy. Even with October's decline, the pace for 2007 is still seen exceeding 200,000 units, and to remain around that level in 2008, said Robert Hogue, senior economist at BMO Capital Markets Economics.

From a Bloomberg News report on this: Canadians are buying new homes as a commodities boom fuels hiring and consumer spending. Unemployment fell to a 33-year low in October, while wages rose 4.1 per cent from a year earlier.

From a CanWest News Service report on this: 'Overall, despite the tightening of lending conditions, the robust Canadian economy and favourable labour market conditions continue to bolster the important housing market in Canada,' said Millan Mulraine, economic strategist at TD Securities.

The Canadian Press - Exports to China grow at more than twice the pace of imports (8 November 2007) A new study by Statistics Canada says Canada's merchandise exports to China in the first seven months of 2007 have grown at more than twice the pace of its imports. Demand for Canada's natural resources drove the growth as Canada's exports to China surged 43 per cent between January and July from the same period in 2006, while imports from China rose only 17 per cent. Statistics Canada says the growth rate surpassed that of any other G7 country, and put China neck-and-neck with Japan as Canada's third-largest export market.

From National Post reports on this: Another observation in the report is that the surge in exports to China has led to a shift in Canadian trade toward diversification. Further, all regions of Canada have benefited from this shift, it said.

From a Globe and Mail report on this: Canadian trade has diversified in recent years, Statscan said, from rising demand from Europe and Asia.

The National Post - West will continue to lead in economic growth: Conference Board (8 November 2007) Western provinces will continue to lead the country in economic growth next year, according to the latest economic outlook by the Conference Board of Canada. Overall, the Canadian economy is expected to grow 2.8% next year. Manitoba, surprisingly, will post solid growth of 3.6% next year, due to strong construction and a healthy manufacturing sector. In Ontario, investment in machinery and equipment will accelerate in 2008, and the board forecasts stronger residential construction in Ontario next year.

From another National Post report on this: Newfoundland is positioned to be the top economic province next year, with a 6.8% expansion, fuelled primarily by a huge surge in mining output.

Statistics Canada - Provincial and territorial economic accounts (8 November 2007) Nationally, gross domestic product (GDP) increased 2.8% in 2006. Economic growth was widespread . . . . Growth increased 6.6% in Alberta, the fastest pace of all provinces and territories. Construction continued at a feverish pace. British Columbia also benefited from a boom in construction. . . . In 2006, service industries such as retail and wholesale trade, along with financial services, were important contributors to the (B.C.) economy. Busy construction sites pushed economic growth to 3.2% in Manitoba, above the national average for the first time since 1998. Retail and wholesale trade continued to support the economies of Ontario and Quebec as income levels remained strong. Business investment, particularly in Ontario, also continued to boost the economy. Economic activity jumped 3.3% in Newfoundland and Labrador after remaining flat in 2005. New Brunswick also registered an upturn in its economic fortunes in 2006 (up 3.0%). After two years of slow growth, gains in manufacturing, forestry, and construction pushed the province forward. Investment in non-residential construction was particularly strong.

The Globe and Mail - McGill takes 12th spot in global ranking (8 November 2007) An international ranking of universities has put Montreal's McGill University in 12th spot, the highest rank to be reached by a Canadian institution. The annual rating, done by London-based Times Higher-QS World University Rankings, moved McGill up from its 21st placement last year. The placement means McGill is now the top-ranked public university in North America, principal Heather Munroe-Blum said.

CanWest News Service - Greenhouse gas emissions down in Canada (8 November 2007) Greenhouse gas emissions from the largest of Canada's industries decreased by 2.3 per cent between 2005 and 2006. Emissions from mining, and oil and gas extraction rose 8.9 per cent but were offset by reductions from utilities, manufacturing, and other industries such as transportation, waste management, and health care, said the survey of large industrial facilities. 'The biggest emitters are reporting that their emissions are going down,' said Lo Cheng, chief of reporting in Environment Canada's greenhouse gas division. These emissions represent about one-third of Canada's total greenhouse gas emissions, said Cheng.

The Canadian Press - B.C. politicians approve first urban land-claim treaty (8 November 2007) British Columbia voted in favour of Canada's first urban land-claims treaty and is looking to ratify a second treaty later this month. In a final vote in the legislature, the Tsawwassen First Nation treaty made history, said Mike de Jong, Aboriginal Relations and Reconciliation Minister. 'Excited I guess is an appropriate word at this point to describe what we see as some real progress on the treaty side of the equation.' The government won't be taking long to rest on its laurels, Mr de Jong said, and will introduce legislation for the Maa-nulth First Nations treaty later this month. The Maa-nulth treaty will give the five tribes a capital transfer of C$73.1 million, annual resource royalty payments averaging C$1.2 million for 25 years, and a land transfer of approximately 245 square kilometres. The five native bands on Vancouver Island have already voted in favour of the treaty, worth about C$500 million in cash and land.

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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