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29 April 2008
7 April was the 7th day of the tenth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
The Canadian Press - Consumers to hold up Canadian economic growth to 2.2 per cent in 2008: report (7 April 2008) The Conference Board of Canada says robust consumer spending this year will shelter the Canadian economy, which will expand by a relatively robust 2.2 per cent in 2008. The Board says consumer spending, which was the major driving force behind last year's 2.7 per cent growth, will hold up. It predicts that strong employment, healthy wage gains, the stable housing market, and low interest rates will ensure that Canadians keep spending throughout 2008.
From a Canwest News Service report on this: 'Canada's domestic economy surged at the end of 2007 as consumers opened their wallets. Consumer spending has only matched this pace of growth once in the last 30 years, in the third quarter of 1985. As 2008 goes on, we expect that households will continue to spend strongly this year,' said Pedro Antunes, director of national and provincial forecasts for the research organization, in its spring outlook.
From another Canadian Press report on this: As well, business investment continues to post good gains, the report states. The Conference Board is also more optimistic about Canada's economy going forward. It predicts that growth will rise to three per cent in 2009.
The Globe and Mail - Rosy profit outlook bucks global trend (7 April 2008) Canada finds itself in a unique position: Profit expectations are actually rising. Analysts in most of the Group of Seven industrialized nations have been revising down profit forecasts for the first quarter as well as for all of 2008. Yet over the past month, analysts have actually upgraded their profit estimates for Canada. The source of this strength is resilient commodity markets. 'Commodity prices have held up even better than we could have expected,' said Peter Buchanan, senior economist at CIBC World Markets. Thomson Financial's consensus estimate for the TSX 60 index calls for year-over-year profit growth of 12.3 per cent in the first quarter, up fractionally over the past month. The 2008 full-year growth estimate of 11 per cent is also up slightly. The rise in the Canadian dollar has helped contain costs in the materials sector and Canada's stronger domestic economy is lending support to profit growth.
Bloomberg News on Canadian stocks advance a sixth day (7 April 2008) Canadian stocks rose a sixth day [and 11th of 12 sessions] on Monday. The TSX Composite Index rose 76.82 points to 13,745.01. A gauge of raw-material shares rose 1.5 per cent. A measure of industrial shares 1.6 per cent.
From a Reuters Canada report on this: Seven of the 10 main groups in the TSX advanced. The index has gained more than 7 per cent over the past two weeks amid a shift to more positive sentiment on the economic outlook.
The Canadian Press - Canadian investment managers evenly split between bulls and bears: survey (7 April 2008) Forty-three per cent of Canadian investment managers are bullish toward domestic equities and 43 per cent are bearish, according to a survey by Russell Investment Group. The optimistic camp has grown by 15 percentage points since the firm's previous poll in the fourth quarter of 2007. The attractiveness of commodity stocks was behind this increase, with bullishness toward the materials sector soaring to 62 per cent from 38 per cent among respondents.
The Globe and Mail - Commodities surge to record highs amid credit crunch (31 March 2008) The Bank of Nova Scotia's commodity price index surged in February to a record level, its second peak in as many months. The index, which tracks 32 of Canada's major exports, rose 7.5 per cent from January. Agricultural products as a group soared 25.5 per cent in the month. But agricultural product prices weren't the only factor pushing the commodity index higher in February. Metal and mineral prices also had a hand.
The Canadian Economic Press on February building permits (7 April 2008) A decline in non-residential permits by Ontario builders brought down Canada's overall building permit totals by 1% compared to January, Statistics Canada reported. If Ontario were excluded, the total value of building permits would have increased 9.8%. Meanwhile, residential intentions in Ontario were up 21.3%. Nationwide, residential permits saw a marked 18.2% increase in the month to C$3.9 billion. All provinces and territories saw increased residential permits with a huge 31% surge in multi-family dwellings to C$1.5 billion. Single-family units increased 11.6% to C$2.4 billion. British Columbia and Alberta saw the largest overall gains in permits. Alberta's rose by 11.8% and BC's by 16.1%.
From a CBC News report on this: Several factors could have a positive impact on demand for housing, including steadiness in employment, growth in disposable income, strong immigration, as well as low interest rates, StatsCan said.
The Canadian Press - Former U.S. vice-president Al Gore praises Quebec's environmental record (5 April 2008) Former U.S. vice-president Al Gore, who was in Montreal for an environmental training session, was full of praise for Quebec's environmental policies. 'Quebec has really done a much better job than many regions around the world.'
Reuters Canada - Canada to create giant new northern national park (7 April 2008) Environment Minister John Baird announced on Monday that Canada will create a giant new national park, the Naats'ihch'oh National Park Reserve in the Northwest Territories, covering some 1.9 million acres along one of the country's most spectacular northern rivers. Naats'ihch'oh, which means 'stands like a porcupine' in the language of the local Dene aboriginal people, is an important habitat for grizzly bear, Dall's sheep, and woodland caribou.
From a CBC News report on this: 'I'm happy to be able to tell you that the area in the upper south Nahanni watershed is now protected by an interim land withdrawal, protecting an area 1½ times the size of Prince Edward Island, from future development,' Baird said. Sahtu Dene and Metis peoples are the traditional inhabitants of the area.
From a Globe and Mail report on this: The area around the headwaters of the South Nahanni River in the Northwest Territories is considered one of the most spectacular sights in the world. Under the agreement with the Dene and Metis, the government still must negotiate an impact and benefit plan, whose completion will lead to the formal establishment of the national park reserve. National park reserves are created where land has been set aside for conservation purposes, but not all aboriginal claims have been resolved.
From an Ottawa Citizen report on this: 'It is truly one of the most remarkable places in the world,' Environment Minister John Baird said as he stood beside aboriginal leaders and environmentalists at a ceremony.
From an Edmonton Journal report on this: Nááts'ihch'oh (pronounced naah-tseen-cho) National Park will be connected to the north end of Nahanni, the United Nations World Heritage site that is among the most famous mountain wilderness parks in the world. Conservationists were not shy about heaping praise on this occasion. 'I think that future generations will come to consider the Nahanni National Park and the future Nááts'ihch'oh National Park in much the same way as we now look at Banff and Jasper,' said Larry Innes, executive director of the Canadian Boreal Initiative.
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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