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31 March 2009

11 March was the 11th day of the ninth month of the 3rd year of Canadian national consciousness rising to invincibility.

11 March 2009 - Part I

Dr William Overall, National Director of the Global Country of World Peace in Canada, presented highlights of news reports reflecting Canada's rising invincibility from Yogic Flying groups across Canada and the large Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

Extensive scientific research has documented the Maharishi Effect of rising coherence, harmony, and peace created in the collective consciousness of a nation by large groups of Yogic Flyers. The effect has been found to extend beyond national borders when the group is of sufficient size.

Following are press reports featured in Dr Overall's presentation:

The Toronto Star - Optimistic Harper sees quick recovery (11 March 2009) Prime Minister Harper visited Brampton, Ont. Tuesday to deliver an upbeat economic message. 'Canada was the last advanced country to fall into this recession. We will make sure its effects here are the least severe, and we will come out of this faster than anyone, and stronger than ever,' Harper told a joint meeting of the Brampton and Mississauga boards of trade. 'Ultimately, it is an opportunity to position ourselves so that when the economic recovery comes, we're among the first to catch the wave.' Harper said Canada's stable banking system, low debt, low inflation rate and skilled workforce puts the country in a position of 'significant comparative strength' to ride out the downturn.

From a National Post report on this: The federal government will inject C$20-billion into the economy, starting on 1 April, Harper said. 'We are cutting enormous amounts of red tape and we are doing it quickly.' Harper said most of the new spending in the budget will be available within weeks, rather than the 4 to 10 months usually required. He also trumpeted income tax cuts in the budget that he claims will save the average person up to C$731 annually.

From a CBC News report on this: 'Finally, we have real economic diversity, including commodities that will be in high demand as the global economy recovers,' Harper said.

Canwest News Service - IMF has positive news about Canada's economy (11 March 2009) The 185-country International Monetary Fund (IMF) released a report Wednesday that said, 'Canada is better placed than many countries to weather the global financial turbulence and worldwide recession, thanks to sound policy management and proactive steps to maintain economic and financial stability.'

From a Canadian Economic Press report on this: The IMF said that sound government fiscal policy and a stable banking system have made the country one of the best-equipped to weather the global recession. The statement by IMF Mission Chief Charles Kramer said the government has managed its budget well over the last 10 years, cutting the federal debt in half, which 'has left the country in prime form at the beginning of the global turmoil'. He said Canada's banks were well-capitalized heading into the downturn, and avoided taking on the kinds of risky investments that have been so damaging to other nations' financial institutions.

The Halifax Chronicle Herald on survey finds Halifax employers optimistic about 2nd quarter (11 March 2009) Halifax-area employers in Nova Scotia are more optimistic about hiring in the second quarter of 2009. A Manpower Employment survey found that 27 per cent of local employers plan to hire during the quarter from April to June, while only three per cent plan to reduce their workforce. The other 70 per cent expect to maintain staff levels. The resulting net-employment outlook of 24 per cent is a 7 per cent increase from the first quarter of this year. Monika Wile of Manpower's Halifax office said Halifax, a centre for government, health care, and education, is somewhat insulated from the economic tumult. Kevin Stoddart, a vice-president with Robertson Surrette, a Halifax human resources recruitment and consulting firm, said the survey's local outlook reflects what his firm is seeing this year. 'Our recruitment business in on par with last year, which was the busiest in our history,' he said. Nationally, the Manpower survey of more than 1,900 Canadian employers found that 15 per cent expect to increase staff in the second quarter, while 73 per cent plan to maintain their current staff levels.

CBC News - Charlottetown employers optimistic: survey (11 March 2009) More employers in the Charlottetown area of Prince Edward Island are planning on hiring now than a year ago. A survey conducted by Manpower Employment shows 29 per cent of employers in the city plan to hire workers in the coming April to June period, compared with only 3 per cent who plan layoffs. That provides a net outlook of plus 26 per cent, which leads the region. Last year's outlook was minus three per cent. Mindy Stoltz, a Manpower manager in PEI, said the results were unexpected. 'We didn't think that there was going to be much of a percentage of employers that were going to plan to even hire for the upcoming quarter, so yeah, it was a nice surprise.'

The Victoria Times Colonist - Victoria employers turn optimistic (11 March 2009) Victoria's employers are looking ahead with optimism to the second quarter. The Manpower Employment Outlook Survey showed 27 per cent of employers plan to hire for the second quarter - April through June - with 66 per cent expecting to maintain current staffing levels over that period. Only seven per cent of employers anticipated cutting their workforce. The second-quarter net outlook is 17 per cent better than the outlook in the first quarter of this year.

The Montreal Gazette on new home prices rise from a year ago in a number of cities (11 March 2009) While the average price of new homes in Canada dropped by 0.8 per cent in January from a year ago, in Quebec City, the 12 month-growth rate was 5.7 per cent, while in Montreal prices increased 3.8 per cent. The largest year-over-year increase was registered in St. John's, NL, at 24.1 per cent followed by Regina at 21.7 per cent. (Compared with January 2008, new home prices were 5.2 per cent higher in Winnipeg, and 3.3 per cent higher in Ottawa-Gatineau.)

The Canadian Press on new home prices higher or unchanged in most cities in January from December (11 March 2009) Nationally, new home prices fell 0.6 per cent between December and January, Statistics Canada reported. However, new home prices increased 1.4 per cent for the month in Saint John, Fredericton, and Moncton, New Brunswick. Meanwhile, prices increased 0.8 per cent in both St. John's, Newfoundland and Labrador, and Saskatoon, while Quebec City posted a monthly increase of 0.6.

From a Reuters Canada report on this: Although prices rose in nine of the 21 metropolitan areas surveyed, and were unchanged in another seven, the January index was dragged down by some big drops in several cities that had seen large price increases in recent years.

The Canadian Press on indications of increased existing home sales in February (11 March 2009) First-time homebuyers are being lured into the real-estate market by falling prices, lower interest rates, more selection, and new government incentives, a report shows. The ReMax real estate company said preliminary figures show sales were up nationally in February, driven by more first-time buyers entering the market. Scotiabank economist Adrienne Warren also said early indications are that February sales activity has picked up compared to January. As for first-time home buyers, Warren said they can be an indicator of a market recovery. Interest rates have fallen dramatically in recent months as the central bank and federal government seek to ease credit conditions. Last week, the Bank of Canada dropped the overnight rate down to an unheard of .5 per cent. Canada's chartered banks then lowered their prime rate to 2.5 per cent and have been lowering other lending rates including mortgages. (The Bank of Canada has cut its target rate by 400 basis points since December 2007.)

Canwest News Service - Canada extends conciliatory hand to Russia (11 March 2009) Canada wants to work with Russia to advance their 'common interests' in the Arctic, Foreign Affairs Minister Lawrence Cannon said in a speech Wednesday at Yukon College. Cannon said he planned to speak to Russian Foreign Minister Sergei Lavrov to explore 'how we might work more closely' through various agreements. Cannon reminded his audience of a memorandum of understanding signed by the Department of Indian and Northern Affairs Canada and the Russian Ministry of Regional Development on projects involving indigenous peoples. The agreement, signed in 2007, affirms 'the long relationship between Canada and the Russian Federation in the area of Arctic and northern co-operation'. Cannon said he planned to travel to Washington and Europe to strengthen Canada's bilateral relations with Arctic states. Ottawa and Washington currently disagree on the sovereignty of the Northwest Passage—the US and others maintain it's an international waterway—but they've worked out a mutually agreeable deal, in which US ships agree to ask permission to transit the waterway, and Canada agrees to say yes. Rising temperatures have opened the Passage in the summer, a thaw that heralds much greater commercial sea traffic, because it would shorten the transit between Europe and Asia by some 5,000 kilometres. Cannon also said Canada would be placing a renewed focus on the Arctic Council, the eight-nation organization that also includes Denmark, Iceland, Finland, Sweden, and Norway, calling it 'the premier international forum for Arctic cooperation'.

The Canadian Press - Cannon calls for international co-operation in changing Arctic (11 March 2009) Foreign Affairs Minister Lawrence Cannon says the Arctic Council is a unique organization that brings together states and indigenous people, and is based on strong, responsible co-operative governance of the region.

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