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Good news report from Canada

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26 September 2008

15 September was the 15th day of the third month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

15 September 2008

Reuters Canada - Bank of Canada says nation's financial system sound (15 September 2008) The Bank of Canada sought to assure markets on Monday that domestic banks are on solid footing. 'The financial system in Canada remains sound,' central bank spokesman Jeremy Harrison said.

Reuters Canada - Banks 'safe and sound' amid crisis: regulator (15 September 2008) Canada's banking regulator said the country's financial institutions are healthy. 'No special action is planned in response to the announcements from the U.S. because the Canadian banking system is safe and sound,' said Rod Giles, spokesman for the Office of the Superintendent of Financial Institutions. 'Our institutions are well capitalized which helps them deal with the events taking place in the markets,' he said.

The Canadian Economic Press on existing home prices and sales in August (15 September 2008) Prices of existing homes declined in August with the average price falling 5.1% below where it stood a year ago, the Canadian Real Estate Association (CREA) reported. Five of the 25 major markets tracked by CREA saw year-over-year declines in average prices. The rest of the markets all posted price increases (with many cities seeing double-digit gains), CREA said. 'Price declines in the pricier major markets are pulling down the overall average price,' said CREA chief economist Gregory Klump. Meanwhile, sales of existing homes in major Canadian cities declined 3.4% month-over-month in August. 'When comparing statistics, remember 2007 was a record year for real estate sales in Canada,' said Calvin Lindberg, president of CREA. 'In light of that fact, our current market can certainly be characterized as stable,' he said. 'The Canadian market fundamentals are still solid, and mortgage rates are still at near record low levels.' After four consecutive months of residential listings topping 50,000, the roster of homes for sale fell 5.3% to 47,657. The association said new listings eased in many major centres and now stand at their lowest level in 2008.

From a Globe and Mail report on this: Average prices rose in 20 of 25 major markets included in the report, led by Regina (up 36 per cent), Newfoundland & Labrador (up 21 per cent), and Saint John, New Brunswick (up 15 per cent).

The Canadian Economic News - Greater Toronto Area leased space up 3% in August, TREB says (12 September 2008) The amount of industrial and commercial space leased in August rose an annual 3% in the Greater Toronto Area, the Toronto Real Estate Board (TREB) reported. Rents for commercial space rose 6% to C$18.98 per square foot from C$17.86 a year ago.

The Canadian Economic Press - Canadian national wealth, net worth increase in second quarter (15 September 2008) Increased corporate savings and improvements in household net worth helped push up Canada's national wealth and national net worth in the second quarter, Statistics Canada reported. National wealth, the sum of non-financial assets in all sectors of the economy, grew 2.7% in the second quarter compared to the opening months of the year, for a total figure of C$5.9 trillion. National net worth, calculated by subtracting net foreign liabilities from the national wealth, increased C$111 billion or 2% in the quarter to total C$5.8 trillion or C$174,300 per capita (up from C$171,500 in the previous quarter). Statistics Canada said residential real estate gains accounted for about half the gain in national wealth, while corporate savings expanded thanks to 'significant price driven growth in profits.' Household net worth grew 2.8% in the second quarter following a 0.5% increase in the first quarter. Gains in the market value of equities were the largest contributor to advances in household net worth, followed by real estate gains. Household debt, meanwhile, stayed steady in the quarter. Government net debts declined in the second quarter of 2008. As a percentage of gross domestic product (GDP), net government debt edged down to just over one third of GDP, down from the more than 90% share of GDP government debt occupied in the mid-1990s.

The Victoria Times Colonist - Swelling B.C. surplus could lead to tax cuts (14 September 2008) British Columbia Finance Minister Colin Hansen expects British Columbia to rack up close to a C$2-billion surplus this year on the strength of higher revenue. 'We will be, over the coming months, looking at the options government has for leaving more money in people's pockets,' Hansen said in releasing the first quarterly financial report. Those options include additional tax cuts, spending on social programmes, and paying down the debt, the report said.

From a Globe and Mail report on this: The province's current estimate for economic growth is 1.7 per cent for 2008 and 2.3 per cent for 2009.

The Globe and Mail - Seeking the sweet spot, where financial and social returns converge (8 September 2008) Three years ago, The Economist magazine declared that corporate social responsibility (CSR) was a 'regrettable' public relations victory. In January, the magazine acknowledged that CSR is a matter of enlightened self-interest. A lot has changed in three years. Pressure on corporations from institutional investors, consumers, and shareholders is reinforcing the need to pay more attention to environmental, social, and corporate governance risks. Don Raymond, senior vice-president at the Canada Pension Plan Investment Board (CPPIB), said in 2007: 'We need a GAAP [generally accepted accounting principle] for measuring a company's carbon footprint.' To help solve that, CPPIB has been the major Canadian supporter of the Carbon Disclosure Project. It has also begun to engage corporate leaders about how they can improve long-term returns by strengthening their environmental, social, and governance standards.

The Financial Post - Waterloo opens dorm to nurture tech titans of tomorrow (9 September 2008) The University of Waterloo in Ontario is looking to sow the seeds of innovation by facilitating the world's first residence building stocked with the latest collaborative equipment and gadgets for top students who want to turn their bright ideas into the next Google, Apple, or its next-door neighbour, Research In Motion.

The Toronto Star - Urban agriculture a growing industry (15 September 2008) Recent increases in global food prices, coupled with the hike in the price of gasoline, has people looking more closely at the advantages of localizing food systems. And, as urban farmers begin to set up stalls at farmers' markets, Toronto joins a larger movement that recognizes living in the city doesn't mean you have to live miles from your food. 'Beyond the community-gardening movement, a handful of professional farmers . . . have tapped into an even more compelling possibility: The idea is that unused urban lands can generate jobs and serious quantities of food,' wrote Michael Ableman, the grandfather of urban farming.

CBC News - Students at Edmonton school ditch junk foods (15 September 2008) Students at an Edmonton junior high school are taking healthy eating into their own hands—by getting rid of junk food in their school-run store. In 2007, the Edmonton Public School board voted to stop selling sweets to students at its 197 schools over a three-year period. But a group of students at Nelly McClung Junior High School don't want to wait that long. They've decided to sell only healthy treats at the student-run store. 'I think that obesity has become a problem amongst our generation, and we really need to do something about it,' said student volunteer Marlee Switzer. 'And it's in our hands—it's student-initiated. Our teachers are not making us do this, we're doing it on our own because we see that there is a problem.' Grade 9 student Ekta Prabhaker is glad school trustees have finally approved a junk-food ban, but she doesn't think schools should wait until 2011 to implement it. 'Why should we wait three years, 'cause in three years anything could happen,' Prabhaker said. 'Obesity could just increase. We want to take action now, and we should, and we are.'

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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