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23 September 2007
13 September was the 13th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
13 September 2007
Bloomberg News - Canada Industrial Capacity Use Has First Back-to-Back Increases Since 2005 (13 September 2007) Canadian industrial companies used more of their production capacity in the second quarter, the second straight gain. The proportion of plants in use rose to 83 per cent between April and June from 82.8 per cent in the first quarter, Statistics Canada said. Capacity use for manufacturers rose to 81.3 per cent in the second quarter from 81 per cent. Rising capacity use supports the Bank of Canada's assertion that the economy is close to full output.
From a Canadian Press report on this: The back-to-back gains so far this year halted four consecutive quarters of decline in 2006. Manufacturers were optimistic about production prospects for this quarter. According to the July Business Conditions Survey, manufacturers were anticipating increased production from July to September this year despite the higher Canadian dollar.
From a Reuters Canada report on this: The construction industry was also among those leading gains. Ted Carmichael, head of research at J.P. Morgan Canada, sees capacity use remaining strong in the third quarter.
Statistics Canada - Industrial capacity utilization rates (13 September 2007) Capacity utilization was up for the vast majority of manufacturers of non-durable goods. . . . growth was particularly significant for fabricated metal products, computer and electronic products, and machinery. In the computer and electronic products industry, manufacturers increased their capacity by 2.1 percentage points to 93.7%, the third consecutive quarterly increase. It was the highest rate posted by this industry since the fourth quarter of 2000 when it was 94.3%. In the machinery manufacturing industry, the rate rose from 80.7% in the first quarter to 82.7% in the second quarter.
Bloomberg News - Canadian stocks rise for a third day (13 September 2007) Canadian stocks rose on Thursday to the highest in six weeks on optimism that lower borrowing costs and higher resource prices will boost profits. The TSX Composite Index rose 86.48 to 13,843.20, the highest since 31 July. It has advanced 7.2 per cent so far this year. A measure of industrial companies, seen as among the most closely linked to economic growth, added 2.1 per cent for the best gain among 10 industry groups. An index of technology stocks fell 0.7 per cent, but is still the best performing industry group in 2007, with an increase of 25 per cent. Toronto-Dominion Bank paced gains among finance companies. 'We believe the Canadian banks can continue to grow their earnings. They represent reasonable value, also because of their lack of any meaningful exposure to bad credits,' said Paul Taylor, who helps oversee C$9.6 billion as chief investment officer at BMO Harris Private Banking in Toronto.
From a Canadian Press report on this: The metals and mines sector climbed 2.12 per cent.
From a Reuters Canada report on this: All but two of the benchmark's 10 main groups advanced.
The Ottawa Citizen - Analyst calls remain bullish in face of market shakeup (13 September 2007) The analysts whose recommendations and ratings help influence buy and sell decisions appear confident. In very few cases since the benchmark TSX composite index reached an all-time high two months ago have the analysts reduced their 12-month targets.
The Globe and Mail - Canadian dollar hits 30-year high (13 September 2007) The Canadian dollar shot to a 30-year high versus the U.S. currency Thursday. The Canadian dollar closed at 96.83 U.S. cents, up from 96.52 U.S. cents, at Wednesday's close. Earlier today, the Canadian dollar hit 96.98 U.S. cents, eclipsing the previous multi-decade high it reached in late July.
From a Bloomberg News report on this: The Canadian dollar rose for a fourth day, spurred by speculation that gains in commodities will boost economic growth. The rising currency and diminished concern about a global credit crunch renewed demand for equities. 'There is very little downside in Canada,' said Firas Askari, head of currency trading at BMO Capital Markets. 'The domestic demand in Canada is the most solid I've seen in the past 10 years.
Canadian Press on economic outlook for Canadian cities (13 September 2007) Thursday's outlook by the Conference Board of Canada examined the economies of the 13 largest metropolitan areas in Canada. The outlook said Saskatoon will lead the country this year with a 4.7 per cent increase in Gross Domestic Product, as the continuing influx of interprovincial migrants attracted by the strong economy boosts the city's housing sector. Toronto fares best among eastern cities with forecast growth of 2.7 per cent, mainly because of its diversified economy of financial services, light manufacturing, retailing, and government, as well as strong employment outside the manufacturing sector.
From a CBC News report on this: In Toronto, employment outside of manufacturing has kept consumer spending buoyant.
The Toronto Star on 108 solar panels on roof will allow WoodGreen community housing to save money, energy (13 September 2007) A Toronto building is now home to the province's largest rooftop solar thermal heating system, which will heat water, cut costs, and reduce the site's impact on the environment. A total of 108 solar panels line the roof of the five-storey housing site. 'This will heat about 34 per cent of the building's hot water,' said Alex Winch, president of Mondial Energy, which installed the panels. The 170-unit building will reduce its greenhouse gas emissions by 61.2 tonnes annually and reduce the need for more than 32,000 cubic metres of natural gas. When the sun shines, cool water is pumped into the solar panel collectors. The water heats in the collectors and flows to a storage tank in the basement for use throughout the building. If necessary, the boiler will provide additional heat. Installing a system in a single-family residence costs C$5,500 to $6,000 and can heat 50 to 60 per cent of a home's hot water, Winch said.
Canadian Press - Ottawa to spend $500 million on next-generation renewable fuels (12 September 2007) The federal government is providing C$500 million to help develop renewable fuels from non-traditional sources. The government says the funds will be placed in a development fund which will be managed by Sustainable Development Technology Canada. The fund will support up to 40 per cent of eligible costs for the establishment of new, large demonstration facilities for production of the fuels. Contributions will be repayable, based on free cash flow over a 10-year period after completion of the project. The Canadian Renewable Fuels Association is welcoming the announcement, saying it will build on the environmental and economic benefits of renewable fuels.
From a Toronto Star report on this: Industry proponents called the investment a massive commitment that will help ethanol producers wean themselves from food crops such as corn. Next-generation or 'cellulosic' ethanol involves the processing of the cellulose content in biomass, which can include everything from crop residue, such as wheat straw and corn husks, to forest debris and municipal solid waste. Even fast-growing switchgrass grown on marginal lands can be used. Cellulosic ethanol is considered the future of biofuels because it's more energy efficient to make and it relies on non-food materials that are plentiful, particularly in Canada.
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.
For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.
Copyright © 2007 Global Good News(sm) Service
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