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1 April 2008
1 February 2008 was the 1st day of the eighth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
1 February 2008
Bloomberg News - Canada Stocks Have Best Week in 5 Months (1 February 2008) The TSX Composite Index has risen 3.3 per cent in five days, the most in a week since 24 August, after the US Federal Reserve cut borrowing costs by 1.25 percentage points in a fortnight to boost growth and the Bank of Canada lowered its key rate a quarter point. Lower borrowing costs may increase demand for mortgages and loans.
The Canadian Press on Canadian stocks surge Friday (1 February 2008) February got off to a rousing start on North American stock exchanges on Friday. The TSX Composite Index surged 163.27 points in a broad-based rally to 13,318.37, for a gain of 423.53 points—its second straight week of gains. The base-metals sector jumped 4.63 per cent on Friday. Royal Bank moved ahead after it announced it has entered the Indian market with the opening of its first representative office in the financial hub of Bandra Kurla, Mumbai. The bullish sentiment on stock markets sent the Canadian dollar up 0.98 cent to 100.6 cents US.
From a Reuters Canada report on this: The Toronto Stock Exchange's main index climbed broadly higher on Friday, helped by robust banking shares, solid earnings, and optimism over Microsoft's takeover bid for Yahoo. The financial sector led the way, gaining 1.6 per cent. The tech sector gained 1.5 per cent. Since the index pulled out of its slump in mid-January, it has been moving higher, and has closed in negative territory in just two sessions.
Bloomberg News - Canadian Dollar Increases on Optimism the US Won't Slip Into a Recession (1 February 2008) Canada's dollar strengthened versus 14 of the 16 most-active currencies on Friday after a US report showed manufacturing unexpectedly grew in January. 'There is a less pessimistic outlook for global growth, and that's helping equities and cyclical currencies such as the Canadian dollar,' said Matthew Strauss, a senior currency strategist at RBC Capital Markets in Toronto.
The Canadian Press - Canadian January vehicle sales surge (1 February 2008) Canadian sales of new cars and light trucks were 'spectacular' last month, up 12.8 per cent from a year earlier in the second-strongest January in history, according to data compiled by DesRosiers Automotive consultants. 'The lesson here is don't believe all the negative news in the business media each and every day,' commented Dennis DesRosiers, head of the consultancy. He attributed the strong sales to 'very attractive pricing and the broad economic stimulus pumped into the economy at the federal level,' such as the GST reduction which took effect 1 January. 'Whatever the reasons, January was a spectacular month and kicks-starts the year in a very positive way.'
Statistics Canada - Gross domestic product by industry (31 January 2008) Economic activity increased 0.1% in November, after growing 0.2% in October and 0.1% in September. Gains in service industries were widespread . . . . Retail trade rose 0.4% in November. Significant increases in sales by computer, convenience, and general merchandise stores (which include department stores) propelled the sector. Banking activities increased 0.7% on the strength of personal loans and residential mortgages.
The National Post - Issuers cheer as Ottawa drops 10% tax on interest to foreign lenders (31 January 2008) Gone is the 10% withholding tax on interest payments from Canadian issuers to foreign lenders, effective 1 January 2008. 'This will fundamentally change the face of the Canadian debt market,' said Chris Seip, head of Canadian debt at RBC Capital Markets. 'It allows a Canadian domestic company to issue any [debt] instrument it wants, in any part of the world, to anybody it cares to.' Suddenly Canadian issuers have unrestricted access to a more diversified pool of potential debt investors.
The Canadian Press - Passport system becomes effective for prospectuses on March 17: CSA (25 January 2008) The Canadian Securities Administrators said a 'major step' to streamlining financial-market regulation will be taken on 17 March, when provincial commissions other than Ontario's will automatically recognize each others' prospectus approvals. This will save the time and expense of arranging approval from every jurisdiction in which a security is to be sold. The arrangement includes a 'streamlined interface' with Ontario.
The Toronto Star on strong demand in recreational real estate market (1 February 2008) Recreational properties across the country are seeing relatively strong demand, according to a report by Royal LePage Real Estate Services. Chalets at the base of mountain resorts range from C$405,000 to C$1 million in Ontario and from C$450,000 to C$2 million and up in British Columbia. 'As cities keep getting bigger, recreational properties in general are still supply-constrained, especially ones within a two-hour drive of major metropolitan areas,' Phil Soper, chief executive officer of Royal LePage, said.
From a Globe and Mail report on this: Winter vacation property prices are expected to keep heading north this year. 'High levels of demand combined with limited inventory have pressured winter recreational property prices upward—a trend expected to continue well into the future,' said Lisa da Rocha, vice-president of marketing communications at Royal LePage. Demand has been strong from both local and foreign buyers, she added.
The Canadian Press - Toronto sets tourism record in 2007 (31 January 2008) The Toronto tourism industry set a record in 2007 with more than 10.6 million overnight visitors. Toronto Tourism president David Whitaker says visitors to the city spent more than C$4.5 billion on hotels, restaurants, attractions, and shopping. The greatest number of overseas visitors were from the United Kingdom, while Mexico and China were the fastest-growing international markets at about 15 per cent growth each. Whitaker also says hotel occupancy in 2007 across the Toronto region rose to 68.3 per cent, its highest level since 2000. The Toronto tourism industry supports nearly 100,000 jobs.
From a Toronto Star report on this: The increase in overseas visitors is significant because they're the biggest spenders. They make up 13 per cent of the visitors to Toronto but account for 24 per cent of spending by tourists.
From a Globe and Mail report on this: Last year's growth came despite a strong Canadian dollar. With the Canadian economy still strong and more travel by high-income earners, 'Toronto is situated well for solid growth in tourism over the next five years,' predicted Alex Fritsche, senior economist in the Canadian Tourism Research Institute with the Conference Board of Canada.
CBC News on P.E.I. farmer invests big in GMO-free soybeans (30 January 2008) A Prince Edward Island farmer is investing C$2.5 million in a processing plant to supply GMO-free soybeans to the Japanese market. Robert MacDonald of Belle River, near Wood Islands, has convinced Island farmers to plant 2,400 hectares of GMO-free soybeans this spring. MacDonald hopes this plant will offer Island farmers another option and breathe new life into agriculture on P.E.I.
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.
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