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Good news report from Canada

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26 August 2008

18 August was the 18th day of the second month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

18 August 2008

The Financial Post - Canada attracts record level of foreign investment in June (18 August 2008) Total foreign investment increased for the seventh month in a row in June, Statistics Canada reported. International investors bought up C$7.2 billion in domestic securities, the government agency said, as 'heavy acquisitions of Canadian bonds showed no sign of abating'. June's total brought net foreign investment in Canada for the second quarter to C$27.6 billion, setting a new record.

From a Canadian Economic Press report on this: Foreign investors continued their interest in Canadian securities during June, purchasing a net C$7.2 billion in bonds and stocks during the month, substantially higher than the C$5.5 billion consensus estimate of analysts. During the first six months of the year, foreign investors have purchased a net C$37.6 billion in Canadian securities, compared with C$4.7 billion in the same period last year.

From a Bloomberg News report on this: Foreign demand for Canadian securities surged from about C$1 billion in January to C$10.6 billion in May, in part because Canadian debt markets were hurt less by global credit shortages and because Canada is alone among Group of Seven countries with a decade of budget surpluses. Stock prices also rose in the three months that ended in June.

The Canadian Press on Parliament's legislative record (17 August 2008) Parliament has been busy. Notwithstanding some periodic theatrics, MPs from all four parties have often put partisanship aside to produce results. By June, 29 bills had become law since the current session started in October.

The Ottawa Citizen on growing interest in Canadian-made products (15 August 2008) At the Canadian Gift and Tableware Association's trade show in Toronto this week, 52 per cent of retailers polled said they plan to increase the number of Canadian-made products in their stores, compared to only 34 per cent last year. The show is the largest of its kind in Canada, drawing some 22,000 retail buyers. 'People are looking for Canadian-made,' said Erica Kirkland, editor of Retail News, the Canadian Gift and Tableware Association's publication. 'That's what our research is telling us.' It's been evident for some months that the rising cost of oil would make foreign-made goods more expensive. Furthermore, some people are actively seeking to reduce their carbon footprint and will buy local for environmental reasons. (Environmental awareness is already substantial and becoming increasingly so. Kirkland said all kinds of eco-friendly products can be expected in stores in the coming months.)

The Vancouver Province - Green roof boasts host of eco pros (17 August 2008) The new convention centre in Vancouver's Coal Harbour is being topped off with a 2.4-hectare green—or 'living'—roof that will be the second-largest in North America. One-third of the roof was planted in April with the remainder to be planted next month. Two dozen coastal grasses native to British Columbia were chosen. Besides converting carbon dioxide to oxygen, insulating the building to keep heating and cooling costs down, and reducing storm-water runoff, the green roof is designed as an ecological reserve. 'We want to promote bees, ants, other insects and birds to bring them back to the downtown,' said landscape architect Bruce Hemstock. 'I've seen swarms of honeybees up there already.'

The Toronto Star - Ontarians hot for geothermal heating systems (16 August 2008) Sales of energy-saving geothermal systems that heat and cool buildings are booming in Ontario, thanks to generous government incentives and concern over rising fuel and electricity prices. The systems—also known as geoexchange systems—harness energy that lies naturally in the ground, reducing fossil fuel or electricity use. A home that converts to geothermal can cut annual heating and cooling costs by up to 70 per cent. Ted Kantrowitz, vice-president of business development at the Canadian GeoExchange Coalition, estimated there are well over 40,000 geothermal systems installed across Canada, with the industry enjoying a record growth rate of between 45 and 55 per cent. The fastest growth has been in Ontario. On a per capita basis, Ontario is ranked third in Canada and closing in fast on Manitoba and Saskatchewan. Only consumers who use accredited contractors qualify for government incentives—C$3,500 under the federal rebate programme, which is matched in Ontario. Ontario also waives the provincial sales tax, so consumers can qualify for C$8,000-$9,000 in rebates on the cost of about C$25,000 for a typical household.

CBC News - Manitoba offers thousands to homeowners who use geothermal energy (18 August 2008) The Manitoba government unveiled new incentives Monday to encourage residents and business owners to switch to geothermal technology for heating and cooling. Under the new programme, new home builders can receive C$3,000 to install a geothermal heating system: C$2,000 in a refundable Green Energy Equipment Tax Credit, and C$1,000 in grants. Existing homeowners can receive a C$2,100 grant from the province to retrofit their homes. Commercial building owners are eligible to receive up to 10 per cent of the value of their installed system while building owners who install district geothermal service systems are eligible to up to C$150,000. 'These incentives will help reduce upfront costs with this technology while complementing existing financial support available from the federal government and/or Manitoba Hydro,' Science, Technology and Energy Minister Jim Rondeau said. He noted that homeowners could see their investment returned in just seven years. Rondeau, who had a C$24,000 geothermal heat pump installed in his own home, hoped the incentives will encourage more to make the switch, which would help the province meet its Kyoto targets. Geothermal systems produce no greenhouse gases. Manitoba leads the country in installations: more than 5,000 geothermal heat pumps are at work in the province, with nearly 1,000 installed in the past year.

Canwest News Service - First Nations demand oil sands moratorium (18 August 2008) Aboriginal chiefs from three provinces and the Northwest Territories want a moratorium on oilsands project approvals until government and industry can assess the damage caused by the massive developments and find ways to mitigate it. They made the joint declaration Sunday at the conclusion of a water conference in Alberta that drew about 200 people from aboriginal groups, environmental groups, and political parties. 'We have to slow down industry to let us catch up. ... If we continue to let industry and government behave the way they've been behaving the last 40 years, there will be no turn back because it will be the total destruction of the land,' Athabasca Chipewyan Chief Allan Adam said. Residents believe leakage or spills from oilsands tailings ponds has polluted the Athabasca River and is poisoning their people. The chiefs approved a declaration to strengthen unity in their communities and work with other organizations. 'We believe the pace of development within our territories is unsustainable and we are deeply concerned that governments are permitting development to proceed without our consent,' the resolution reads. Adam said the local First Nations will try to negotiate a moratorium on oilsands development and if that doesn't work, it will launch court action alleging the government and industry has failed to consult with them as required by law.

Forbes - How to live without gas (15 August 2008) Another small plug-in auto, known as the ZENN (for 'Zero Emissions, No Noise'), is built by Toronto-based ZENN Motor and offers similarly modest speed and range for C$16,000. The main snag: because of their low speeds, today's electric cars are generally illegal on any street with posted speeds above 35 mph. Better offerings are on the way. Calif.-based Miles Electric Vehicles is working on a high-speed sedan priced between US$35,000 and US$39,000 that can travel 80-plus mph and go 250 miles on a single charge. ZENN is building a highway-ready plug-in with equal power and endurance that it hopes to sell by late 2009. ZENN Chief Executive Ian Clifford says it will be priced competitively with gas-powered cars, and will be able to fully charge its battery in just five minutes. 'At that point, there's no reason why anyone would drive a vehicle that burns gas,' says Clifford. 'Once you've got the energy storage that enables a highway-capable vehicle, can recharge in minutes—not hours—and is cost-competitive with internal combustion, you've cracked the code.'

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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