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Good news report from Canada

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27 September 2008

16 September was the 16th day of the third month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

16 September 2008

The Canadian Economic Press - Canadian manufacturers post new monthly sales record (16 September 2008) Canadian manufacturers sold a record C$54.1 billion worth of goods during July, ringing up a larger than expected 2.7% increase over the previous month, Statistics Canada reported. On an annual basis, the increase was 6% from the C$51 billion total sales in July, 2007. July marked the fourth straight month of improved sales (the longest streak of gains since the first half of 2002). Sales gains were virtually across the board, with increases in 17 of 21 industries. Most of the increases were due to higher volumes of goods shipped rather than rising prices. Primary metal sales led the way in July, increasing 10.1% from June, the strongest month-over-month showing since September, 2003.

From a Canadian Press report on this: Sales adjusted for inflation were the highest since last November, continuing a solid turnaround from a weak performance at the start of the year. Durable goods industries accounted for three-quarters of the total gain with a rise of 4 per cent. The transportation equipment industry continued to recover with a 2.3 per cent gain in July as motor vehicle manufacturers' sales increased 3.1 per cent from June.

From a Reuters Canada report on this: Canadian manufacturing sales rose more than twice as much as expected in July, implying a healthy growth spurt in at least part of the third quarter. Broad-based strength underlaid the sales growth. 'This report is certainly positive, and suggests that the manufacturing sector was surprisingly resilient, which has positive implications for growth,' said Charmaine Buskas, senior economics strategist at TD Securities.

From the Statistics Canada report: Manitoba posted the largest percentage gain amongst the provinces, increasing by 6.2% in July. . . . Ontario manufacturers reported their sixth increase in seven months as 15 of 21 industries were up. Manufacturing sales in the province rose 4.7% in July to C$25.0 billion, the highest level since April 2007. Primary metal products sales in Ontario advanced a record 19.6% in July, as a number of iron and steel plants maintained or increased production during a month that is more frequently known for summer slowdowns. . . . Quebec manufacturers posted a 2.0% sales gain in July, the eighth increase in the last 10 months.

Canwest News Service on Canada's economic fundamentals remain solid (16 September 2008) Prime Minister Harper told reporters in Ottawa that Canada's economic fundamentals, especially those in the financial system, remain solid. 'Our household sector, our government sector, and our financial institutions have solid economic fundamentals,' he said.

From a Financial Post report on this: The good news is that Canadian banks mostly steered clear of subprime-linked investments. 'And that has left us less vulnerable, 'said Craig Wright, chief economist at Royal Bank of Canada.

Reuters Canada - Canada maintains growth outlook despite turmoil (16 September 2008) Finance Minister Jim Flaherty sees no need to lower his forecast for the country's economic growth. Flaherty, in an interview with Reuters, rejected any suggestion he might rethink his latest estimate of 1 per cent economic growth in Canada. Flaherty suggested the damage from the crisis would be contained to financial markets and not necessarily hit hard on the Canadian consumer. Flaherty also said that he, Bank of Canada Governor Mark Carney, and the federal banking regulator are all 'comfortable' with the level of capitalization at Canadian banks. Upbeat too on the fiscal side, Flaherty promised to post a budget surplus in 2008-09 of over C$3 billion, saying government revenues have remained strong through July. Last February, Flaherty estimated a surplus this fiscal year of C$2.3 billion, Ottawa's eleventh straight surplus. Flaherty said that, as of July, Ottawa was slightly ahead of where it expected to be with the surplus. 'Corporate profits are up, they're strong in Canada. The revenue numbers that I've seen through July are positive,' he said.

The Regina Leader-Post - Sask. cities to lead growth (16 September 2008) Thanks to the strongest economic growth in over a decade, Saskatoon and Regina rank first and second in economic growth among major Canadian cities this year, according to the Conference Board's metropolitan outlook for autumn. 'Both Saskatoon and Regina are on track to post their strongest rates of economic growth since 1997, and Saskatoon will lead Canadian CMAs (census metropolitan areas) in economic growth for the second consecutive year,' said Mario Lefebvre, director of municipal studies for the think tank. Regina is expected to achieve 4.1-per-cent economic growth this year, the highest in 11 years. The news was even better for Saskatoon. After growing by 4.1 per cent in 2007, Saskatoon's real GDP is projected to expand by an even faster rate of 5.2 per cent in 2008. 'They are benefiting from the full force of our province's momentum, not just in one or two sectors or industries but across the entire spectrum,' Enterprise and Innovation Minister Lyle Stewart said. Meanwhile, Winnipeg's and Victoria's economies are expected to expand 3.3 per cent. At 2.4 per cent, Halifax is forecast to post the strongest growth east of Manitoba.

The Canadian Press on Eastern Canada premiers and New England governors hold annual meeting (16 September 2008) New England governors and Eastern Canadian premiers are expected to focus on a regional approach to energy at their annual meeting Tuesday in Bar Harbor, Maine. With the five eastern provinces all looking to export new sources of energy, the premiers say maintaining good cross-border relations is crucial. 'We'll be able to talk about the commonalities and that's around energy efficiency, around renewable types of energy,' said Nova Scotia Premier Rodney MacDonald. 'We have our tidal here, and New Brunswick shares that, and there are projects along the eastern coast of the United States, and we share the issues of renewables and natural gas.' New Brunswick Premier Shawn Graham has set the ambitious goal of making his province the energy hub for the region. Quebec and Newfoundland and Labrador are eager to flood the New England states with clean hydro power, while Prince Edward Island expects to have 400 megawatts of wind power for sale. P.E.I. Premier Robert Ghiz said as provincial and state governments discuss means to reduce greenhouse gas emissions, the ability to sell renewable power will become very important.

Canwest News Service - Provinces call for tougher emission standards (16 September 2008) Canada's five Eastern provinces and the six New England states endorsed a resolution calling for adoption of tough California-style vehicle emission standards that set a 30% cut in average vehicle emissions. 'Some of the best work of this forum has been done on the environment,' Quebec Premier Jean Charest told the annual meeting of the U.S. states, Quebec and the Atlantic provinces. Quebec is among the provinces and states that individually support the California standards, but Charest said the importance of the resolution is that the states and provinces are the first, as a region, to adopt the stricter rules. 'Eleven jurisdictions today are saying we support the California standards.'

Reuters Canada - First images of planet with sun-like star (16 September 2008) Canadian scientists have snapped the first images of a planet outside our solar system that is orbiting a star very much like the Sun. Nearly all of the roughly 300 so-called extrasolar planets discovered to date have been detected using indirect methods such as changes observed in a star when a planet orbits directly in front of it from the perspective of Earth. But in findings announced on Monday, University of Toronto scientists said they used the Gemini North telescope on Mauna Kea in Hawaii to take direct pictures of the planet, which is about the size of Jupiter but with eight times the mass. This planet and the star it seems to orbit are located in our Milky Way galaxy about 500 light years from Earth. The star is considered a newborn, forming an estimated 5 million years ago. The Sun is about 4-1/2 billion years old. 'The star is very typical. It like the Sun, just younger,' Ray Jayawardhana, one of the scientists, said.

From a BBC News report on this: 'This is the first time we have directly seen a planetary mass object in a likely orbit around a star like our Sun,' said lead author David Lafreniere.

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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