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Good news report from Canada

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14 June 2008

23 May was the 23rd day of the eleventh month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

23 May 2008

The Globe and Mail - Profits to 'smash' projections, report says (23 May 2008) Earnings among companies listed on the Toronto Stock Exchange appear poised to 'smash through earlier projections, with resource stocks leading the charge,' CIBC World Markets said. CIBC now projects that earnings among TSX composite index firms will rise by nearly 21 per cent. This exceeds the 12-per-cent increase in 2007. The TSX has started out 2008 'on a solid note, eclipsing other major industrial country markets en route to May's all-time high of over 15,000,' Peter Buchanan, a senior CIBC economist and strategist, said in an earnings outlook report.

From a Canadian Economic Press report on this: This is no passing rally like the bubble of earlier this decade, Peter Buchanan writes in the report. 'The gains of (the era were driven by 'concept' companies, whose financial allure far surpassed their ability to deliver,' Buchanan said. 'The market's recent run-up has, in contrast, been earnings-driven.'

From an Ottawa Business Journal report on this: Technology sector earnings are also likely to see strong growth of 80 per cent this year.

From a CBC News report on this: CIBC World Markets noted that profits for the first quarter were up about 17 per cent from the same quarter last year, slightly topping analysts' consensus. That will slow to 10 per cent in the second quarter. But it sees a rebound in profit growth to almost 30 per cent in the second half of the year.

The Canadian Press - Canada posts 11th budget surplus (23 May 2008) Canada posted its 11th consecutive balanced budget, reporting surplus of C$11.7 billion for the fiscal year that ended 31 March, or C$10.2 billion after deducting the cost of new measures announced this year, such as funds for public transit. The after-cost estimate matches that given by Finance Minister Jim Flaherty in February, when he pledged to pay down C$10.2 billion in debt in 2007-08. In March, the last month of the fiscal year, Ottawa posted a deficit of C$1.2 billion, compared with a deficit of C$2.43 billion a year earlier. Flaherty expects a smaller surplus of C$2.3 billion in 2008-09. Canada's long-standing surplus is unmatched by other industrialized economies.

From another Canadian Press report on this: The government realized C$600 million in savings from lower debt servicing charges.

From a Bloomberg News report on this: Canada's federal debt shrank C$11.7 billion to C$455.6 billion since April.

The Globe and Mail on Ontario public schools improving (22 May 2008) Ontario public schools have seen overall improvements in programmes and resources, according to a report by People for Education, a Toronto-based group. Ontario students are faring well. Ontario has more university graduates per capita than any other province in Canada and ranked first in math, reading, and writing among 13-year-olds. The report also highlights Ontario and Canada's global reputation. The Organization for Economic Co-operation and Development ranked Ontario and Canadian students among the leaders in a variety of education categories including science, math, and reading.

The Toronto Star - Solar roof planned for Markham Wal-Mart (23 May 2008) Wal-Mart Canada announced plans to build the country's largest rooftop solar-energy system atop a new Supercentre planned for Markham later this year, a project with potential to spread across the retailer's national chain. Ontario is contributing a C$3-million forgivable loan to support the system, which will supply emission-free electricity and heat to the store.

Ottawa-based Menova Energy, which is supplying the system for Wal-Mart, has created a 'concentrated' solar-energy system that magnifies the sunlight by 1,000 times onto tiny solar cells, resulting in a dramatic reduction in costs and highly efficient electricity production. The heat from this intense focusing of sunlight is also captured, creating another source of emission-free energy that can replace fossil fuels typically used for space and hot-water heating. Menova is also capable of capturing the sunlight in fibre-optic cables and redirecting it inside a building. By bringing outside sunlight indoors, buildings can reduce their reliance during the day on conventional lighting and the electricity it requires.

'On just one Wal-Mart store, this Ontario product can reduce greenhouse gas emissions by 390 tonnes per year,' said Ontario Minister of Research and Innovation John Wilkinson. Menova has turned to struggling automotive parts maker Woodbine Tool & Die for its manufacturing. Woodbine Tool & Die is an example of how highly skilled yet struggling industries in Ontario can adapt to new opportunities such as solar, said Dave Gerwing, president and founder of Menova. 'We have a great shot at a global business from Ontario.'

The Globe and Mail - Growing the zero-mile diet (23 May 2008) Concern over the carbon footprint of the global food trade is inspiring a number of Canadians to grow vegetable gardens. And the hunger for a diet free of genetic modifications means the demand for organically grown and heirloom varieties has never been so great. Dan Jason should know. The owner of Salt Spring Seeds has been promoting a local diet for 20 years on British Columbia's Salt Spring Island. Mr Jason was struck with an idea. 'I thought, 'What is this 100-mile diet? We should be aiming for a zero-mile diet.' ' So he took 12 of his most popular and reliable crops—everything from wheat, flax and barley to kale, garbanzo beans and tomatoes—and combined them to form the Zero Mile Diet Seed Kit. The C$36 kit went on sale in January and was sold out by the end of February.

Other BC seed producers are also struggling to keep up. 'I would say sales are up 50 per cent from last year,' said Jonathan Alcock, owner of Kelowna-based Sunshine Farms. 'The new customers coming our way tell us they want to support non-GMO [genetically modified] seeds.' The hunger for homegrown is not confined to British Columbia. 'Interest has never been higher,' said Judy Newman, office manager for Seeds of Diversity, a Toronto-based charitable organization that encourages the cultivation of heirloom and endangered food crops. 'The awareness that there is such diversity of food available to them is gaining, and that, with the interest in eating local, organic produce, has captured the collective imagination,' she said.

CBC News - Manitoba native band finalizing largest-ever single compensation claim (23 May 2008) Members of Peguis First Nation are celebrating what they call a historic deal with the federal government over a century-old claim that could be worth as much as C$126 million. The First Nation says the claim compensates for the band being illegally moved from fertile land just north of Winnipeg to rocky swampland north of Fisher Branch in 1907. 'The local Indian agent, he didn't say what the question was like, 'Do you want to surrender your land?' What he said was, 'Anybody wants C$90, stand over here,'' said Rod McLeod, the band's chief negotiator. Chuck Strahl, federal minister of Indian and Northern Affairs, said the government has accepted that it has an obligation to the band. If the deal reaches C$125 million, the Peguis claim will be the largest-ever single, specific settlement for compensation in Canada, according to the national Assembly of First Nations. Larger settlements have been reached in the field of comprehensive settlements, which can encompass land and resource use as well as money. ' . . . the claim is settled, now we can move forward together. So it's a really important step in what we call our ''justice at last'' programme, which means we've got to get these done in a hurry,' Strahl said. Hudson said Peguis's hope now is to buy back some of the land it lost in 1907. 'We want to reacquire that, because that is our original home.'

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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