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9 January 2009

2 January was the 2nd day of the seventh month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

2 January 2009

Bloomberg News - Canadian stocks have best start since 1977 on commodity rally (2 January 2009) Canadian stocks notched their best first day of the year since at least 1977. The TSX Composite Index rose 246.41 points, or 2.7 per cent, to 9,234.11, the best start to a year since Bloomberg records begin. Nine of 10 industries in the index gained. For the week, Canada's main stocks benchmark added 923.56 points, or 11 per cent, its steepest weekly gain in a month as only six of the TSX's 220 members fell. Stocks in Toronto extended their rally since Nov. 20 to 20 per cent today. 'People are moving on and looking forward,' said Jean-Rene Adam, who helps manage about C$1 billion as a portfolio manager at Hexavest in Montreal. In December, U.S. President-elect Barack Obama pledged to stimulate growth in the U.S., Canada's biggest trading partner, with the largest infrastructure investment in five decades and the Federal Reserve cut interest rates to as low as zero per cent. Canada's government joined a U.S. rescue of the auto industry and the Bank of Canada cut the key rate to 1.5 per cent, the lowest since 1958. 'A lot of money is being put into the economy,' said Adam.

From a Canwest News Service report on this: The Toronto Stock Exchange's main index rose by a triple-digit amount for the fourth-straight day on Friday.

From a Canadian Press report on this: Investors feeling more optimistic about 2009 sent the Toronto stock market sharply higher on the first day of trading in the new year. The base-metals sector was up almost 16 per cent Friday. The energy sector was up 6.25 cent, while the Toronto financial sector was ahead 1.4 per cent.

Canwest News Service on 2009 starts with signs of optimism (2 January 2009) The new year began with some further tentative signs of optimism among investors with stock markets here and around the world continuing to rally. 'Hope springs eternal,' UBS analysts quipped, noting that 'equity markets are starting out on a positive note in anticipation that fiscal measures will provide a spur to economic activity.' According to a survey conducted 11-28 Dec. of more than 2,000 Canadians by pollster Harris/Decima, the proportion of Canadians saying they are worse off than last year rose four points from August to 28 per cent, though that still left a vast majority who think they are in a better position than, or at least as good as, last year.

From a Canadian Press report on this: Canadians have more faith in their personal financial outlooks than in the economy. Only 18 per cent of respondents expect their individual economic situations to decline in the coming year.

From an Ottawa Business Journal report on this: Meanwhile, 20 per cent of respondents said they expected they would be better off in the coming year.

The Canadian Press - Christmas spirit of bargain-hunting lifted holiday shopping season, observers say (2 January 2009) Canadian retailers seem to have come through the holiday season with plumper sales than a year ago but slimmer profit margins, anecdotal evidence suggests. No firm data is available before next week. However, 'we've never had a Christmas where December sales have gone down' from a year earlier, said John Winter of retail consultancy John Winter Associates. He added that even in the worst economic times, such as the early-'90s recession, year-over-year sales went up in December. Richard Talbot of Talbot Consulting confirmed the impression of an overall sales increase. Future Shop, the biggest electronics chain in the country, is not complaining. 'Sales numbers will be released mid-January but what we can tell you is that we saw customers buying throughout the holiday period,' spokeswoman Susan Kirk said. 'We had many stores that hit C$1 million in sales on Boxing Day.'

The Globe and Mail - 2009 Canadian analysts' predictions (31 December 2008) With governments throwing trillions of dollars toward wayward economies, UBS strategist George Vasic believes markets will stage a recovery of sorts in 2009. His 12-month price target for the TSX is 12,500, which is an increase of 39 per cent over Tuesday's closing price. Vasic said the 'unprecedented monetary fiscal intervention can improve credit market conditions and permit investors to apply more normal valuations to earnings. 'Upside surprises include a return to more normal financial market conditions, which will help stabilize the global economies and resource prices.'

From another Globe and Mail report on this: 'When the financial crisis starts to abate—and we think that process has begun—one could see inordinately fast recoveries,' said Nick Majendie, chief portfolio manager, independent accounts, at Canaccord Capital. He is looking for the TSX to gain 30 per cent this year as commodity prices recover.

The Saskatoon StarPhoenix - Bright spots amid gloomy forecasts (31 December 2008) We asked local economists and business leaders what the new year might bring, including 'What is the brightest spot on the horizon?' Kent Smith-Windsor - Executive Director, Greater Saskatoon Chamber of Commerce: The bright spot for Saskatoon in 2009 is that while growth in wealth creation in China and India are slowing, it is still occurring at a pace that will create growing demand for our products. Their growth equals our opportunity.

The Toronto Star on reducing truck speeds in Ontario for increasing safety, decreasing emissions (1 January 2009) A new law today will require most trucks in Ontario to be equipped with electronic speed limiters so they can't go faster than 105 km/h. The devices should result in fewer accidents and improved fuel economy. A Transport Canada study concluded the measure would save 100 million litres of diesel annually and reduce yearly greenhouse gas emissions by 280,000 tonnes. That's the equivalent of removing 2,700 tractor-trailers from the road. 'The mandatory activation of speed limiters is an effective way for the trucking industry to further contribute to safer highways and to reduce greenhouse gas emissions,' said Ontario Trucking Association president David Bradley.

The National Post on new 'Made in Canada' food labels (2 January 2009) All food products produced on New Year's Day and after must conform to new labelling rules. Labels can only read 'Product of Canada' if all ingredients are domestic and it is manufactured in the country. Products can still have a 'Made in Canada' label if they contain imported ingredients, but only if they really were made in the country. Under the old rules, a product could claim to be Made in Canada if just the final stage of manufacturing took place here.

The Ottawa Citizen - Fitness tax breaks encourage activity: experts (1 January 2009) Nova Scotia this week became the first province in the country to offer a tax credit for the cost of gym memberships and other physical activities. The Healthy Living Tax Credit was first introduced in 2005 for children's activities and has now been extended to all Nova Scotians, who can claim up to C$500 worth of registration fees for any organized sport or activity including ski passes, dance classes, swimming lessons and gym memberships. Those who support the idea say the tax credit will encourage more people to be active, which will in turn mean a healthier population, and will save the government millions of dollars in health-care spending. While Nova Scotia is the first to implement the tax credit for active adults, Alberta is not far behind. It recently passed the Alberta Personal Income Tax Physical Activity Credit, and British Columbia and Quebec are considering a similar policy.

The Toronto Star - Police chief hails city's 'bland' year (1 January 2009) For police Chief Bill Blair, the blander Toronto is, the better he likes it. And in Blair's view, the city has been more boring than ever this year, with major crime rates across the board down by more than 10 per cent in 2008. Following a few years of crime reduction, statistics point to a decrease in sexual assault, robberies and auto theft, which dropped a striking 22 per cent last year. Homicides are down 15 per cent in 2008 from the previous year.

The Toronto Star - GTA murders drop in 2008 Statistics Canada report in July said that Greater Toronto is the safest metropolitan area in Canada, reporting the fewest crimes per capita of any community with more than 500,000 people. Plummeting numbers in York Region have left the homicide squad baffled as to why. In 2006, nine people were murdered in York, followed by five the next year and only one in 2008. 'It's absolutely a surprise for us that we didn't have any more than the one ... I wouldn't be able to comment specifically why those numbers have gone down. I mean, we are one of the safest communities in Canada to live in and these numbers absolutely reflect that,' said York police Const. Marina Orlovski.

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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