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Good news report from Canada

Global Country of World Peace    Translate This Article
25 March 2007

21 March was the 21st day of the ninth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

21 March 2007

Bloomberg News - Canadian Stocks Rise to 3-Week High on Fed; Banks Lead Rally (21 March 2007) Canadian stocks climbed to a three-week high, after the Federal Reserve abandoned a bias of raising borrowing costs in the U.S. 'The Fed removing its tightening bias is good news for stocks,' said Pierre Lapointe, market strategist at National Bank Financial in Montreal. 'Historically, when the Fed eases one can see multiple expansion. Interest-rate sensitive stocks such as banks, financials should benefit the most.' The TSX Composite Index, already up as much as 0.6 per cent on higher energy and signs of an accelerating Canadian economy, surged after the Fed statement. The benchmark rose 178.14, or 1.4 per cent, to 13,155.55, the highest since a record close of 13,404.11 on Feb. 26.

Canadian Press - Consumer spending, financial markets help boost leading indicators (21 March 2007) Led by a pickup in new orders for manufactured goods and continued strong consumer spending and financial markets, the composite index of leading indicators rose a greater-than-expected 0.7 per cent in February, topping its 0.5 per cent gain at the start of the year. Consumer demand for durable goods remained buoyant, while robust labour markets and lower gas prices fuelled strong growth in real incomes. Firms planned to spend five per cent more in 2007. New orders for durable manufactured goods jumped 1.8 per cent, their largest monthly advance in over two years.

Bloomberg News - Canada's Dollar Reaches Three-Week High on Optimism for Economy (21 March 2007) ) Canada's dollar reached a three-week high on Wednesday after the nation's index of leading economic indicators rose the most since June 2004. The currency extended an advance recorded yesterday, its biggest in nine months. 'The Canadian economy is really picking up the steam,' said Firas Askari, head currency trader at BMO Capital Markets in Toronto.

The Ottawa Business Journal - Monthly retail sales fall marginally in January (21 March 2007) ) Unadjusted total retail sales rose 6.4 per cent in January from a year ago. On a monthly basis, seasonally adjusted retail sales fell 0.2 per cent, mainly because of a month-over-month sales decline in the automotive sector. Excluding the automotive sector, seasonally adjusted retail sales rose by 0.9 per cent. Eleven out of the 13 provinces and territories saw monthly sales gains in January.

From a CBC News report on this: Following a 'blockbuster' December, when sales rose by 2.2 per cent, the most since June 2002, underlying retail activity essentially held onto those gains in January, BMO Capital Markets deputy chief economist Douglas Porter said.

The Globe and Mail - Shoppers still buying even as retail sales slow (21 March 2007) Excluding autos, seasonally adjusted retail sales rose by a greater-than-expected 0.9 per cent and 4.7 per cent on the year. Seven of eight retail sectors advanced, suggesting domestic demand remains strong. 'This is a solid report that suggests consumers are keeping their wallets open,' said TD Securities economist Jacqui Douglas. 'There are still many positives including strong housing starts, robust employment gains, and an improvement in the trade balance which, when combined with the strong momentum built at the end of the fourth quarter, provides support to our...forecast that the economy reaccelerated in the first quarter,' said Royal Bank economist Rishi Sondhi.

CBC News - More protection for endangered animals will make Ontario a leader: advocates (21 March 2007) Ontario will be a shining example for other provinces to emulate in saving endangered animals if legislation to protect at-risk species becomes law, environmental groups say. The legislation would expand the number of protected animals and allow scientists to determine which species should be added to the list each year. The government will quadruple spending to $18 million over four years to increase protection for the habitat of threatened animals and to engage the support of private landowners. 'If this law is passed in its current form, it will be the best endangered species law in the country,' said Rick Smith, executive director of Environmental Defence. 'The legislation covers all the bases', Smith said. 'It has a plan to replenish dwindling species and helps protect the environment they depend upon to survive'. 'This government is setting a gold standard for species protection and recovery that we believe will be an example for other jurisdictions right around the world,' Natural Resources Minister David Ramsay said. Janet Sumner, executive director of the Wildlands League, said the legislation is a 'monumental step forward.'

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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