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Good news report from Canada

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8 January 2008

17 December was the 17th day of the sixth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

17 December 2007

Reuters Canada - Existing home sales surge to annual record (17 December 2007). Taking into account just the first 11 months of the year, Canadian existing home sales already hit an annual record after November's 3.2 per cent increase, the Canadian Real Estate Association (CREA) said. Canadian existing home sales rose to 29,992 units in November. That pushed the year-to-date number to a record 345,577 units, up 2.7 per cent from the previous record of 336,646 sales in 2005. Average home prices rose 11.6 per cent year-over-year, marking the seventh consecutive month of double digit increases. CREA said demand remains strong due to continuing job and income growth, as well as upbeat consumer confidence. New home sales also rose in November to their second highest monthly level ever. 'Recent interest rate cuts and the availability of financing will buoy housing demand and economic activity in 2008,' added Ann Bosley, CREA president. Canada is enjoying one of the longest periods of housing market growth in its history, and the momentum will carry into 2008, said Phil Soper, president of Royal LePage Real Estate Services.

From a Montreal Gazette report on this: Housing remains a pillar of Canadian domestic economic strength and will continue to be through next year, according to new reports and forecasts. Sales set a monthly record in Newfoundland and Labrador, and reached the second-highest monthly level ever in Saskatoon and Regina, and third-highest level ever in Winnipeg and Toronto. Average prices surpassed all previous records in Victoria, Kitchener-Waterloo, Montreal, and Quebec City. 'Canada's housing market in 2008 should continue to thrive on a balanced diet of strong economic fundamentals, including high levels of employment, resilient consumer confidence, modest levels of inflation, and the relatively low cost of borrowing money,' said Phil Soper, Royal LePage Real Estate Services chief executive.

From a Canadian Press report on this: It was the busiest November on record, up 7.6 per cent from a year ago on a seasonally adjusted basis.

From a Globe and Mail report on this: It was an unexpected rise in a market expected to show a slight decline in activity, the second successive month in which expectations have been 'confounded' by stronger-than-expected sales, said CREA chief economist Gregory Klump. In fact, Canada seems to have 'barely blinked' in the face of the global tightening in the credit markets, said Douglas Porter, deputy chief economist at BMO Nesbitt Burns.

CanWest News Service - Parliament passes GST cut and other tax changes (15 December 2007) A range of tax cuts, including another one per cent cut in the GST (Goods and Services Tax), were passed into law Friday. The GST cut will take effect in January. Among the changes is the Working Income Tax Benefit, which will give low-income working Canadians a C$500-per-year tax credit. The credit is C$1,000 per year for low-income families. There will also be a half-percentage-point cut in the lowest federal tax rate and an increase in the basic personal credit to C$9,600, both retroactive to1 January 2007. In addition, the amount Canadians can earn without paying income tax will rise to C$9,600 in 2007 and 2008, and to C$10,100 in 2009. People with children under the age of 16 enrolled in organized sports will now be eligible for a C$500 non-refundable tax credit for the 2007 tax year. Canadian businesses will also benefit from a one per cent reduction in federal corporate income tax.

Reuters Canada on new auto sales dip but still robust (17 December 2007) Overall, 137,501 new vehicles were purchased in October. That's down from 139,410 in September, but still above the 136,386 units sold in October 2006. Sales of trucks, minivans, and sport utility vehicles rose 2.4 per cent. 'However, new motor vehicle sales remain strong in 2007, as sales for an average month are higher than they have been since 2002,' Statistics Canada said.

The Associated Press on Daimler gets order for hybrid-powered buses from Ottawa (17 December 2007) Daimler Buses North America received an order for 202 diesel-electric hybrid-powered buses from Ottawa's public transit agency, OC Transpo. The bus is driven by a single electric motor that is powered by a diesel-driven generator and an energy storage unit. It also has regenerative braking, meaning the drive motor is used to slow the bus, effectively turning that motor into a generator that produces more power to charge the energy storage system.

The Canadian Press - B.C., Alberta teachers able to teach in either province under new deal (17 December 2007) Teachers in British Columbia and Alberta will soon be able to work in either province without having to be re-certified if they move from across provincial boundaries. The professional teacher organizations of each province have signed the Teacher Mobility Agreement, under the Trade, Investment, Labour, and Mobility Agreement (TILMA), signed earlier by the two provincial governments. B.C. Economic Development Minister Colin Hansen says the deal creates a blueprint for other professions to follow. Similar agreements are being negotiated for other occupations in which people require a license to work in B.C. or Alberta. TILMA is aimed at knocking down trade barriers between the two provinces.

The Toronto Star - Learning to make money from going green (17 December 2007) Business schools across the country are doing all they can to appeal to prospective students by making their curriculum a shade greener. And they're turning out graduates who are happily making businesses that same hue. 'Look at any business out there. Any industry you pick is dealing with environmental issues,' explains Brian Kelly, deputy director of Schulich's Haub program in business and sustainability at York University. 'Some people see it as an area where they can put their values to work,' he notes. Canada, as it turns out, is a leader in this area. Schulich recently placed third in the world and number one in Canada in a ranking of the top 100 MBA programs that are incorporating social and environmental business issues into the main curriculum. Most Canadian universities now have green-leaning MBA programs, including Queen's, the Richard Ivey School of Business at the University of Western Ontario, Dalhousie University, and the Sauder School of Business at the University of British Columbia. Some are more focused on setting up a sustainable green business, while others focus more at corporate social responsibility.

The Associated Press - Canada joins world in rallying to aid of Palestinians at donor conference (17 December 2007) The world rallied to the economic support of the Palestinian government at a major aid-donors conference in Paris that brought together some 90 countries, including Canada. A co-chairman of the conference said he was confident they would meet their aid target after receiving major pledges from the United States, European countries, Canada, and others. Foreign Affairs Minister Maxime Bernier said Ottawa would commit C$300 million over the next five years to build 'security, governance and prosperity' in the Palestinian territories. Bernier described the donors' conference as important for continuing the momentum started at last month's Mideast peace conference in Annapolis, Maryland, USA, in which Israel and the Palestinians committed themselves to reach a deal within a year. 'While ambitious, I believe this is attainable,' Bernier said in announcing Canada's contribution. 'Canada came to Paris prepared to play its part.'

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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