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Good news summary for Canada from 10 January 2007

Global Country of World Peace    Translate This Article
13 January 2007

10 January was the 10th day of the seventh month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

10 January 2007

Reuters Canada - Canada export rebound bodes well for growth (10 January 2007)

Canada's trade surplus widened more than expected in November as exports made a comeback. The trade surplus widened to C$4.67 billion ($3.96 billion) from a revised C$3.76 billion in October.

The net trade numbers in November were the strongest since March 2006, boding well for a pickup in growth in early 2007.

Exports rose 2.8 per cent in November to C$38.14 billion, led by a rebound in automotive products shipments.

The Globe and Mail - Building permits hit a record (10 January 2007)

Building permits hit a record in November, further evidence of last year's remarkable strength in the real-estate industry.

In November, municipalities issued $6.3-billion in building permits, a record monthly high. That sent last year's activity to an annual record.

'It took Canada's contractors only 11 months in 2006 to set a new annual record for the total value of building permits, thanks to strong residential and non-residential sectors,' the report said.

Between January and November of last year, contractors took out permits worth $61.1-billion. That was 0.5 per cent higher than the previous record of $60.8-billion, which was for all of 2005.

Separately, Canadian new home prices rose a stronger-than-expected 0.5 per cent in November from October and were 11.4 per cent higher on an annual basis.

Vancouver Sun - Domestic tourism makes up for loss of foreign visitors to Canada (10 January 2007)

A surge in domestic tourism spending more than offset a drop in spending levels by foreign tourists in Canada during the third quarter last year. Canadian tourists spent more than $10.8 billion across Canada between July and September - a $237-million increase over the second quarter.

The Globe and Mail - Jobless rate falls back to 30-year-low (5 January 2007)

The Canadian economy defied expectations and created an astonishing 62,000 new jobs in December, pushing the unemployment rate back down to the three-decade low.

The country's jobless rate dipped to 6.1 per cent from 6.3 per cent in November, as both full and part-time employment rose. Economists had been expecting the jobless rate to remain at 6.3 per cent.

The 62,000 jobs generated were more than four times the consensus forecast of 15,000. The gains were spread across most sectors.

Eight out of ten provinces recorded job gains in December. The Canadian economy added 345,000 jobs in all of 2006, the fastest pace of job expansion since 2002.

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