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7 October 2007
28 September was the 28th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
28 September 2007
Reuters Canada on Canadian stocks post quarterly gain (28 September 2007) The TSX composite index gained 1.4 per cent in the third quarter of 2007, its fifth straight quarterly gain. Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier, noted that the third quarter, just ended, historically tends to be the worst quarter for the Toronto market—while the fourth tends to be the best. 'It sets the stage for a good fourth quarter . . . and the momentum in the last few days certainly feels that way,' he said.
Bloomberg News on Canadian dollar posts biggest monthly gain since 1971 (28 September 2007) Canada's dollar climbed this month as prices of the nation's commodity exports rose, brightening the outlook for the economy. The currency rose 6.4 percent in September, the biggest monthly advance since Bloomberg began tracking the data in 1971. Commodities recorded the biggest monthly gain in 32 years. The 19-commodity Reuters/Jefferies CRB Index increased 8.1 per cent this month, the most since July 1975.
From a Canadian Press report on this: The Canadian dollar closed on Friday above parity with U.S. dollar for the first time since November 1976. Helping the currency's rise was a report that the economy grew by 0.2 per cent in July.
Canadian Press on August resale home sales and prices (28 September 2007) Resale housing sales remained strong in August even though they were off record highs in July, says the Canadian Real Estate Association (CREA). But the association says sales in August were up 7.7 per cent over sales in the same month of 2006. Meanwhile, the national average price of a residence rose 11.2 per cent year-over-year in August.
From a Globe and Mail report on this: Prices were at their highest level for the month of August in every province, and broke all previous monthly records in Saskatchewan, Prince Edward Island, and Newfoundland and Labrador. 'We expect year-over-year prices to rise 9 to 10 per cent every month for the rest of the year,' Gregory Klump, CREA's chief, said.
Canadian Press on economic growth in July (28 September 2007) The Canada economy grew by 0.2 per cent in July, matching the rise in June, Statistics Canada reported. 'Even with the back-to-back modest growth rates, the three-month trend in GDP is still chugging along at a respectable 2.8 per cent annualized clip, a bit above the 12-month pace of 2.5 per cent,' said Douglas Porter, deputy chief economist at BMO Capital Markets. Wholesale trade jumped 2.3 per cent in July, the largest monthly increase in three years. A surge in sales of motor vehicles and parts, plus significant increases in sales of machinery and equipment and of personal and household products, drove wholesale growth. Manufacturing rose 0.4 per cent in July, continuing an upward trend that started at the beginning of the year. Significant gains were made in production of cars and trucks and their parts. The manufacturing of computers and electronics, and paper and printing products, also recorded gains. Mining output rose 0.8 per cent. The finance and insurance sector grew by 0.6 per cent. In the retail sector, home electronics and appliance stores, and pharmacies and personal care stores all recorded gains.
From a Bloomberg News report on this: Canada's gross domestic product grew 0.2 per cent in July, indicating the economy was running near full tilt before the credit-market turmoil. Canada's economy hasn't contracted since September 2006. Construction, boosted by consumers flush with cash from new jobs and firms earning record profits, rose 0.6 per cent.
Canadian Press on federal government posts second large surplus in two days (28 September 2007) The Finance Department said Friday that already in the first four months of this fiscal year it was operating on a C$7.8 billion surplus, about one billion more than last year's monster haul for the same period. Despite announced spending increases in the March federal budget, fiscal analysts have been watching with mild surprise as the surplus built up in government coffers month by month since April.
From a National Post report on this: The surplus for the first four months of the current fiscal year is more than halfway to equalling the astounding C$14.2 billion windfall recorded for the whole of the last fiscal year. In the spring budget, the government projected only a C$3 billion surplus for the entire 2007-08 fiscal year.
From other Canadian Press reports on this: The government appears headed for another huge budgetary surplus this year. In July alone, the government had a C$1.4 billion surplus that was C$600 million more than last July's.
From a CBC News report on this: Finance Minister Jim Flaherty said Thursday the government is planning more tax relief. 'Stay tuned because there's more to be done,' he said.
CBC News - New Brunswick posts $237M surplus for 2006-07 (28 September 2007) The New Brunswick government closed the 2006-07 fiscal year with a C$237 million surplus—more than ten times what was expected. The government said it was able to pay down C$136 million of the province's net debt.
The National Post - Pursuit of the green gains an eco-hue (28 September 2007) With the entry of mainstream players such as Canada's big banks, 'green investing' is generating an unprecedented swell of interest. A recent study by the Social Investment Organization (SIO), a national non-profit association, shows that SRI [socially responsible investing] had more than C$500 billion invested in 2006, up from C$65.5 billion in 2004. RBC Asset Management introduced three SRI funds in July, a first for a major Canadian bank. In June, Toronto Dominion Bank filed a preliminary prospectus for a new SRI fund. Eugene Ellmen, executive director of SIO, says the involvement of big banks 'represents a sea change in the acceptance of SRI by the mainstream investment and banking institutions'.
CBC News - B.C. premier rolls out sweeping green plan (28 September 2007) British Columbia's Premier Gordon Campbell laid out his green plan Friday, including the promise of legislation next spring to mandate greenhouse gas reduction targets of 33 per cent below current levels by 2020. All energy produced in the province will be required to have a net balance of zero greenhouse gas emissions by 2016. Campbell also said his government would introduce legislation this fall requiring all public sector organizations, including schools and Crown corporations, to be carbon neutral by 2010. B.C. will also become the first province to adopt California's tailpipe emission standards for vehicles and the state's low-carbon fuel standards. As well, all government travel will be greenhouse-gas neutral starting this year. Twenty-five dollars for every tonne of greenhouse gas generated by government travel will be invested in projects to offset the impact of greenhouse gases.
From a Canadian Press report on this: Also in the plan, B.C. Hydro [one of the largest electric utilities in Canada] will be required to implement technology allowing commercial and residential customers to sell back surplus power, including 'smart meters' that track power use. Premier Campbell said that legislation will be introduced to make B.C. the first province to legally require hard caps on greenhouse gas emissions. The premier said the legislation will require the government to establish legally binding emissions reduction targets for 2012 and 2016. 'The test of every generation is whether it will give or take away from the generation that follows. This government, this province will not turn its back on tomorrow's children.'
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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