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22 February 2007
20 February was the 20th day of the eighth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
20 February 2007
Reuters Canada - Canada leading indicator jumps in January (20 February 2007) Canada's composite leading indicator climbed by a sharper-than-expected 0.5 per cent in January, Statistics Canada said. The housing index jumped 2.8 per cent in January. The stock market hit a new high in January, gaining 1.6 per cent, and a 0.4 per cent increase in durable goods sales suggested strong consumer spending. Exporters of manufactured goods benefited from an improved outlook for the US economy, with new orders rising 0.4 per cent.
From a Canadian Press report on this: Financial market conditions remained buoyant. The stock market bolstered household wealth and growth shifted from metals and energy to sectors more dependent on domestic demand.
Reuters Canada - Canada Jan inflation slows, rates seen on hold (20 February 2007) Canada's annual inflation rate eased to 1.2 per cent in January, as expected. Statistics Canada reported annual inflation was down from 1.6 per cent in December. Core inflation, which excludes volatile items like food and energy, crept up to 2.1 per cent on the year, from 2.0 per cent in December. But it too was in line with expectations.
The central bank, which targets inflation at the midpoint of a 1 per cent to 3 per cent range, said last month that it sees total inflation of 1.2 per cent in the first quarter of this year and expects core inflation at a rate of 2.1 per cent in the first quarter.
From a CanWest News Service report on this: Excluding energy, the all-items index rose 1.8 per cent in January 2007 compared with January 2006, up slightly from the 1.7 per cent increase posted in December. It was the fifth consecutive month where the increase remained below two per cent.
Bloomberg News - Canada January inflation slows (20 February 2007) The Bank of Canada has said consumer spending and home costs may cause inflation to surpass its 2 per cent target because the economy remains close to capacity.
The central bank had said that Canada's economic growth will accelerate to 2.5 per cent in the first half of this year as exports recover. Canada's trade surplus widened for a second-straight month in December, with exports, which make up more than a third of the economy, rising 3.8 per cent.
Inflation in Canada during recent years has been fuelled by gains in housing, which accounts for more than a quarter of the price index, as low unemployment and mortgage rates drive up demand for homes. The costs associated with owning a home rose 5 per cent in January from a year earlier, Statistics Canada said. Those increases were offset by lower energy costs. Prices for natural gas declined 2.1 per cent during January, while gasoline fell 3.1 per cent.
Canadian Press - Canadian regulators seek input on proposal for national registration scheme (20 February 2007) The Canadian Securities Administrators is looking for input from the business and financial services community about proposed changes that would standardize securities registration requirements across the country. The move would be a small step towards creating a single national regulator for securities in Canada.
'The proposed rule harmonizes registration requirements that exist in various acts, rules, regulations, notices and practices across the CSA jurisdictions into a single national instrument,' the CSA said. 'The proposed rule creates a single registration regime across Canada which will reduce some of the costs of regulation to many market participants and improve regulatory efficiencies,' said CSA chairman Jean St-Gelais. 'Securities regulators are committed to the ongoing harmonization of registration requirements across the CSA and with self-regulatory organizations.'
Canadian Press - Ontario working on 'aggressive' plan to reduce greenhouse-gas emissions (20 February 2007) Premier Dalton McGuinty says Ontario has to start being a responsible global citizen. McGuinty says if everyone simply replaced an old lightbulb with an energy-efficient one, the province could shut down one coal-fired power plant. McGuinty says Ontario doesn't have to choose between a cleaner environment and a growing economy.
From a Globe and Mail report on this: The Ontario government is putting finishing touches on a climate-change policy that officials say will match the best efforts in North America to deal with greenhouse-gas emissions, with the goal of unveiling it in mid-April. It is understood that, at a minimum, Ontario will propose reducing greenhouse gases to 1990 levels by 2020.
The Toronto Star - Pickering to ban lawn chemicals (20 February 2007) Pickering is joining the growing list of municipalities banning the cosmetic use of pesticides on public and private property. In a unanimous vote last night, Pickering council passed a motion to draft a bylaw on pesticide use. To date, 127 municipalities across Canada have passed bylaws restricting pesticide use.
Gideon Forman, executive director of the Canadian Association of Physicians for the Environment, said every report he's read draws a direct link between pesticides and serious illnesses. For those worried about 'giving up their beautiful lawn', there are plenty of non-toxic alternatives, he said. A key part of the motion is an education campaign on non-toxic alternatives. It's not enough for municipalities to ban their use; provincial and federal governments should make their sale illegal, Mayor Dave Ryan said.
The Globe and Mail - After shying away, Americans return to Canada (20 February 2007) Same day visits from the US—Canada's biggest tourism market—rose 2.5 per cent in December from November, the second month of gains, Statistics Canada said.
Overnight trips among American travellers rose 2.9 per cent. Overall travel to Canada climbed to a five-month high at the end of the year, with gains from the US as well as increased travel from overseas. Travel from overseas countries hit its highest monthly level in more than two years in December, with a 2.5 per cent gain. In the opposite direction, travel to overseas countries by Canadian residents reached 'unprecedented levels' in December.
Canadians are also boosting travel plans to see more of their own country, according to a separate survey released Tuesday. Eleven per cent more Canadians plan to travel domestically this year, a Hotel Association of Canada survey showed, amid a strong labour market and buoyant consumer confidence. A growing number of female travellers are seeking the pleasure of spas, the survey found.
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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