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6 January 2008
13 December 2007 was the 13th day of the sixth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
13 December 2007
The Globe and Mail on new home prices nationally rose in October (13 December 2007) Nationwide, new home prices rose 6.1 per cent in October from last year, Statistics Canada reported. Some markets had lofty year-over-year price gains, led by Saskatoon and Regina (47.9 per cent and 29.5 per cent, respectively). 'Strong employment growth, solid income gains, and high immigration levels continued to support strong demand for both ownership and rental housing,' Canada Mortgage and Housing Corp. chief economist Bob Dugan said.
CBC News - Apartment vacancy rates 2.6% across Canada (13 December 2007) Strong demand for rental housing kept the vacancy rate across the country at 2.6 per cent in October. BC had the lowest vacancy rates at 1.0 per cent. Rates were also low in Saskatchewan (1.2 per cent), Manitoba (1.5 per cent) and Alberta (1.6 per cent), owing to strong economic growth in those regions. Among municipalities, Greater Sudbury's vacancy rate was 0.6 per cent. Victoria's rate was 0.5 per cent, while Kelowna, BC, had no vacancies.
CBC News on holiday spending by Canadians to average $1,447, according to poll (13 December 2007) Consumers say they'll be digging a little deeper this holiday season, spending an average of C$1,447, according to a poll by the Retail Council of Canada. In 2006, consumers said they expected to spend C$1,310 on holiday gifts, travel, decorations and entertainment. The poll of 2,600 participants from 27 November to 30 November found that 94 per cent of Canadians planned on giving gifts, budgeting an average of C$733 for the biggest part of their overall spending.
The Globe and Mail on economists forecasts for 2008 (12 December 2007) Here's how a couple of senior economists view Canadian prospects in the coming year. Aron Gampel—Vice-president and deputy chief economist, Bank of Nova Scotia, Toronto: In 2008, domestic activity generally 'remains relatively solid, both from a consumer-and housing-related performance,' predicts Mr Gampel. Sherry Cooper—Executive vice-president, global economic strategist, Bank of Montreal Financial Group, Toronto: Ms Cooper expects economic growth will trend upward to 2.75 per cent over the course of 2008.
Reuters Canada on Canadian factory sales unexpectedly rise in October (13 December 2007) Manufacturing sales outperformed expectations, rising 0.1 per cent in October, Statistics Canada said. Analysts had expected sales to decline by 1 per cent. Manufacturers showed unexpected resilience in October to the strong Canadian dollar. 'Overall, this was a very strong report, suggesting that there still remains some life in the Canadian manufacturing sector... ,' said Millan Mulraine, economics strategist at TD Securities. 'The big gain in real shipments will also have important upside implications for fourth-quarter GDP in Canada.' Using constant dollars, the volume of factory sales rose 1.1 per cent in the month and 3.2 per cent compared with a year earlier.
From the Statistics Canada report: Sales of non-durable goods gained 0.2% in October. This was the first increase for non-durable goods in the past five months. On a positive note, aerospace product and parts manufacturers reported an 8.4% jump in production during the month. This was the third consecutive monthly increase. Miscellaneous manufacturers also fared well in October, with sales improving by 6.1%. ...New Brunswick, British Columbia, and Quebec experienced solid gains. ...sales in New Brunswick rose 7.1% to C$1.4 billion... Sales also advanced in British Columbia, rising 1.9% to C$3.6 billion. Quebec reported a rise in sales of 1.0% to C$12.2 billion...
The Canadian Press on Ontario announce $3B package of tax cuts and infrastructure spending with balanced books (13 December 2007) Ontario Finance Minister Dwight Duncan announced C$1.1 billion in business tax cuts over three years, including the elimination of the capital tax on 1 January for corporations engaged primarily in manufacturing and resource activities. The province will also increase the small business deduction threshold to C$500,000 from C$400,000, retroactive to last 1 January. 'The elimination of the capital tax and other provisions are some immediate actions that will benefit companies. It will have a positive impact,' said Len Crispino, president of the Ontario Chamber of Commerce. Duncan said Ontario will have a C$750 million surplus this year, C$400 million more than projected in the provincial budget. He also announced the province would spend C$1.4 billion on 'strategic infrastructure' projects and said municipalities would get access to C$900 million in funding. About C$500 million of that will be allocated for public transit projects across the province. 'That's very important and very significant. It's great news,' Toronto Mayor David Miller said. The government also pledged to give all first-time home buyers a break on the land transfer tax by extending the existing exemption for new homes to include the purchases of resale homes, effective Friday. Duncan said the break on the land transfer tax will save home buyers about C$1.4 billion over three years.
From a Reuters Canada report on this: Finance Minister Duncan's mid-year outlook statement said, 'the province is on track to deliver five consecutive balanced budgets between 2005-06 and 2009-10.'
The Toronto Star on University of Toronto tops in vegetarian class (12 December 2007) The University of Toronto has a new honour to add to its collection—Most Vegetarian-Friendly University, beating out nine other Canadian nominees in an online vote that drew more than 10,000 ballots.
The Canadian Press - N.S. smoking ban will spark 'wave of change,' Cancer society predicts (13 December 2007) Nova Scotia's ban on smoking in vehicles carrying kids will not only protect children from harmful second-hand smoke, but create a 'wave of change' across the country, says the Canadian Cancer Society. The province became the first in Canada to pass such a ban on Thursday. The Nova Scotia law makes it illegal to smoke in a vehicle with anyone under the age of 19 inside. The legislation proposed by an opposition member gained support from all parties. Similar private member's bills to ban smoking in cars with kids have also been introduced in British Columbia and Ontario .
From a CBC News report on this: The bill was brought forward by MLA Dave Wilson, who is pleased it passed in three weeks. Wolfville, N.S. passed a similar bylaw last month. Wolfville Mayor Bob Stead suspects the provincewide ban is coming quickly because attitudes about smoking have changed. 'The awareness level now compared to five or six years ago on the smoking issue is the difference between daylight and dark,' said Stead. 'I feel very good about it.'
The Canadian Press - B.C., Haida reach deal on Queen Charlotte Islands (13 December 2007) The BC government has reached a land-use deal with the Haida Nation that increases protected areas to cover about half the Queen Charlotte Islands. The archipelago is considered some of the most picturesque, lush scenery in the country that, for its environmental significance, has been compared with the Galapagos Islands off South America, a world-renowned ecological treasure. After 50 years of intensive forestry on the islands off the northern BC coast, the land-use agreement starts to bring cultural, environmental and economic interests into balance, Haida Nation president Guujaw said. It provides for new protected land totalling 254,000 hectares—about a quarter of the islands. This brings the total protected area to about half the land base. Environmentalist David Suzuki, who attended the ceremony, called the agreement 'powerfully significant,' commenting 'It's a model for all the rest of the country.'
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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