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Good news report from Canada

Global Country of World Peace    Translate This Article
10 February 2007

7 February was the 7th day of the eighth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

7 February 2007

The National Post - Parties unite for report on manufacturing (7 February 2007) MPs from all four parties on the House of Commons industry committee put their ideological differences aside and produced a report on struggling manufacturing that business leaders hailed yesterday.

'There were a few bumps in the road to get this consensus, but frankly, all MPs worked hard, worked well together and wanted a unanimous report,' said James Rajotte, Conservative MP and committee chairman. And the 142-page study casts its net wide, touching on areas that included taxes, energy, labour mobility, science and technology, and a restructuring of the country's checkerboard regulatory system, by eliminating unnecessary duplication.

From a CanWest News Service report on this: The unanimous report, which was widely and highly applauded by industry representatives, contains 22 recommendations that would cost the federal treasury about $11 billion over five years. The actual cost, however, would be less because they would increase economic productivity and activity leading to an increase in tax revenues down the road, MPs on the committee agreed. Jayson Myers, chief economist with the Canadian Manufacturers & Exporters called it an 'exceptional piece of work and a landmark report' which outlines what needs to be done to maintain a competitive manufacturing industry.

Bloomberg News - Canadian stocks rise to 4th record in five days (6 February 2007) Canadian stocks rose, sending the TSX Composite Index to a record for the fourth time in five days, after Novelis Inc. led shares of materials producers higher on takeover speculation.

'With most companies awash in cash, the merger and acquisition field is going to be active this year,' said John Kinsey, who helps manage about $800 million at Caldwell Securities Ltd. in Toronto. 'The market's going to be alright.' The TSX added 16.64 to close at a record 13,183.33 in Toronto. The index has climbed 2.1 per cent this year.

The Toronto Star - January records broken as economy lifts air travel (7 February 2007) Canada's two main airlines had a record-breaking January, without resorting to deep discounts, as a buoyant economy fuelled air travel in what is normally a slow month. Despite increases in seating capacity, load factors were the best ever for the month, the carriers reported. Air Canada said 77.8 per cent of its seats were filled last month, the fourth record monthly load-factor performance in a row for the country's largest carrier.

Reuters Canada - Canadian dollar seen stronger over next 3 months (7 February 2007) The Canadian dollar should rise modestly over the next three months as economic growth rebounds and still-strong commodity prices keep money flowing to resource-rich Western Canada, a Reuters poll of 50 foreign exchange strategists shows. Expectations of a quick rebound for the economy—founded partly on a still-strong jobs sector and robust domestic spending—have prompted economists to rethink predictions for interest rate cuts this year.

The Globe and Mail - Shangri-La joins Toronto's luxe building boom (7 February 2007) An unprecedented luxury hotel building boom in downtown Toronto will get an added boost today as Shangri-La Hotels & Resorts takes the wraps off a new 65-storey hotel and condominium tower. It is one of several luxury hotel and condominium developments in Toronto's downtown, which could see close to 1,000 luxury hotel rooms added in the coming year.

The National Post - Strong housing sales beat January record (7 February 2007) Initially, Toronto Real Estate Board president Dorothy Mason thought that the warm weather at the beginning of the year was part of the reason sales spiked. But after a weekend of sub-zero temperatures, open houses were still packed with potential buyers, meaning factors other than the weather are driving the market. 'There are strong economic fundamentals in place that create greater consumer confidence,' she said. 'I think people are seeing their incomes grow,' she said. 'Confidence is strong, job growth continues, the city's population continues to grow and interest rates remain very low,' said John Lagakos, manager of Terrequity Realty.

Canadian Press - Manitoba to limit use of phosphorus detergents (7 February 2007) The Manitoba government is going to limit household use of phosphorous-based detergents, aimed at protecting the province's rivers and lakes.

The Ottawa Citizen - Business conference applauds ethical operations (7 February 2007) Companies that hope to grow and prosper over the long term need to pay attention to their behaviour as well as their bottom line, the Canadian Council of Chief Executives told an ethics conference Tuesday.

'Ethical behaviour and corporate social responsibility are no longer frills, but basic elements for any successful corporation's core strategy,' said David Stewart Patterson, the council's executive vice-president. Part of the reason is that investors have raised the bar, leapfrogging governments by setting even higher standards and expectations, he said.

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:

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