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8 December 2008
29 November was the 29th day of the fifth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
29 November 2008
Bloomberg News - Canada stocks post best week since 1975, led by financials (28 November 2008) The TSX Composite Index rose 5.9 per cent Friday to 9,270.62, capping a 14 per cent weekly gain, the steepest since 1975. A group of finance shares rose 12 per cent Friday and 19 per cent in five days for its best weekly gain since 1988. Royal Bank of Canada, the nation's biggest bank, climbed 11 per cent. Toronto-Dominion Bank, the second-biggest, added 9.6 per cent. Bank of Nova Scotia, the third-largest, added 13 per cent, the most in at least 25 years.
From a Globe and Mail report on this: The sense of confidence that has been slowly building on the TSX composite index exploded into a frenzy of buying Friday. Every sub-index rose.
From a Financial Post report on this: The Canadian stock market mounted an impressive six-day rally that pushed the TSX composite index up more than 1,500 points, or 21.2%, since the rally began a week ago Friday.
The Canadian Press - Canada-India business ties unshaken by Mumbai attacks (27 November 2008) 'India is a strong country and will come out of this soon,' said Toronto businessman Kam Rathee, head of the Canada-India Business Council, of the events in Mumbai. Rathee is also an adviser to law firm Blakes Cassels & Graydon's India practice group. Canada-India trade is about C$4 billion, but that is expected to rise 'dramatically' in the next few years, Rathee said. A number of Canadian businesses have operations in India.
From a Financial Post report on this: Bhim D. Asdhir, president of Mississauga, Ont.-based Excel Funds Management, was part of a Canadian trade delegation to India last year. Mr Asdhir said the attacks, while incredibly callous, would not dent business and trade relationships with India. 'The opportunity in India is phenomenal,' said Mr Asdhir, whose company runs the Excel India Fund, one of only two funds in Canada that invest directly in India. 'The number of cellphones they're going to sell next month is in the neighbourhood of 10 million new subscribers. Compare that to 16 million total cellphone users in Canada; that opportunity does not exist in too many countries.'
The Canadian Economic Press - Strong September data points to better Q3 GDP, economists say (28 November 2008) Some Canadian economists believe a string of upside surprises in September economic data could lead to a better-than-expected reading of third-quarter gross domestic product (GDP). 'We've been surprising on the upside with some of the September indicators for manufacturing, wholesale trade, and retail trade,' said RBC economist Paul Ferley. 'It's all pointing to a rebound in monthly GDP pointing to a 0.2% rise in September.' Ferley said that on the basis of a strong September GDP forecast, RBC feels third-quarter GDP growth will remain positive and could show an improvement from the second quarter's 0.3% expansion. Ferley said his forecast for third-quarter real GDP growth is 1.5%. 'What we know about the month (of September) was fairly positive,' said CIBC (Canadian Imperial Bank of Commerce) economist Avery Shenfeld. CIBC forecasts a 1.8% expansion in third-quarter GDP and a 0.3% growth rate for September. Shenfeld, like Ferley, pointed to the surprisingly strong results in manufacturing, wholesale, and retail in September.
The Canadian Press - Cuba seeks to boost trade with Canada (28 November 2008) Cuba's trade minister, Raul de la Nuez, says the Caribbean nation is seeking more business with Canada. De la Nuez met this week with his Canadian counterpart, International Trade Minister Stockwell Day, as well as Agriculture Minister Gerry Ritz. 'I think that we have an opportunity to improve or to increase the volume of trade that today we have,' de la Nuez said. A spokeswoman for Day says the two ministers spoke about Canada supplanting Spain as Cuba's third-largest trading partner, and about the growing number of Canadian tourists vacationing there.
The Toronto Star - Green investing goes mainstream (27 November 2008) For a company to be included in a socially responsible investment fund it must provide information on its social, environmental, and governance practices—criteria investors may look to when re-entering the market. BMO Mutual Funds is launching their first sustainable products in November. 'There is comfort in knowing there are strict criteria for analyzing a company,' says Mark Stewart, director of product development management at BMO Mutual Funds. People are more concerned than ever now about governance practices. 'The market turmoil has really opened the eyes of investors,' Stewart says. 'This is a trend that's here to stay for Canada.'
CBC News on Canada collaborates with Europe on space (28 November 2008) The Canadian Space Agency is hoping a relatively small investment in the next European space budget will reap big rewards down the road. European ministers—and representatives from Canada—reached an agreement to spend about C$15.7 billion on a number of space projects, including an unmanned Mars rover mission, for the period from 2009-13. The agreement was the culmination of a two-day meeting in The Hague between the European Space Agency's 18 European members and Canada, the only non-European member of the European Space Agency.
The National Post - First stages of $50B plan slated to start within months (29 November 2008) An ambitious C$50-billion blueprint for greater Toronto's transportation network was approved Friday by Metrolinx, the province's regional transportation agency. It includes new subways, light rail lines, busways, highways, and bike lanes across the Greater Toronto Area. It's a 25-year plan, but the first shovel will go in the ground in a matter of months.
From a Toronto Star report on this: When the shovels go in the ground in September, it will mark the beginning of a new era in Toronto transit. Sheppard East will be the first of seven lines to bring downtown-style transit to the suburbs in new Euro-style light-rail vehicles. 'Transit City is based on the principle that no one should be disadvantaged by not owning a car,' said Toronto Transit Commission chair Adam Giambrone. '(Transit City) takes a downtown reality, where transit is not only competitive but, in many cases, is superior to the private automobile, and begins to extend that across the entire city, making transit a real and viable alternative to people in every corner of the city.'
The Toronto Star - Loblaws to take bag fee national (28 November 2008) Loblaws says it will leapfrog over Toronto's plans to impose a 5-cent charge on plastic shopping bags next summer and start charging the fee at all Toronto stores on 12 Jan.—and nationally on 22 April—Earth Day. Canada's largest grocery chain will be promoting reusable bags. About 460 million plastic shopping bags are given out each year in Toronto, about half by grocery stores. The grocers have promised to reduce plastic bag use by 70 per cent by 2012.
From a Canadian Press report on this: 'This important move will inspire and help Canadians to more fully embrace reusable bag practices,' Loblaw executive chairman Galen Weston Jr. said. Loblaw said a pilot project involving five outlets has shown that providing a variety of affordable reusable bag options and charging a nominal fee for plastic bags are primary drivers in changing consumer behaviour. Stores that have been charging a fee for the bags distribute almost 55 per cent fewer bags per C$1,000 sales than those stores that supply bags for free, the company said. Loblaw already offers reusable bags at checkout counters for 99 cents and tallies loyalty points when they are used.
CityNews (Toronto) - Political rivals come together to ban cigarillos (27 November 2008) Turns out sometimes we can all just get along. Members of two of Ontario's political parties are calling on the province to close a loophole that allows companies to sell inexpensive, candy-flavoured cigarillos that they say are aimed at children. Right now, cigarillos can be purchased individually for about C$1 each, and come in candy, fruit, and ice cream flavours. They're also exempt from anti-smoking regulations, such as health warning labels. 'That this legislation was proposed by members of two different parties underscores its importance as a public health measure,' Canadian Cancer Society spokesperson Rowena Pinto said. 80 million were sold in Canada in 2006, jumping from 50,000 five years earlier.
From a Globe and Mail report on this: The candy-flavoured cigarillos look harmless but they are just as dangerous as cigarettes and represent the latest attempt by the tobacco industry to hook teenagers on smoking, say those seeking to ban their sale. Two members of the Ontario Legislature introduced a joint private member's bill that would ban the sale of single, flavoured cigarillos. The bill appears to be well on its way to a speedy passage into law. MPPs from all three parties voted in support of it Thursday when it passed second reading.
From a Canadian Press report on this: Ontario Health Promotion Minister Margarett Best said Thursday she would support the unprecedented bipartisan legislation.
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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