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Good news report from Canada
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27 May 2007
23 May was the 23rd day of the eleventh month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
23 May 2007
The Globe and Mail - TSX steams ahead (23 May 2007) Toronto's stock market put in its fifth consecutive record close Wednesday, while the Canadian dollar closed at a fresh 30-year high. The TSX composite index closed up 30.32 points to 14,142.51. The Canadian dollar moved up 0.33 of a cent (US) to 92.41, its highest close since October 1977. The latest push came when Statistics Canada reported its leading indicator of future economic activity rose 0.4 per cent in April as manufacturing continued to recover.
The Globe and Mail - Loonie tops 92 cents (22 May 2007) A string of hotter-than-expected economic data fuelled last week's gains. 'This latest spike was fired up by good old-fashioned strong economic news, including a trifecta of super-charged March readings for shipments, wholesale trade and retail sales...,' said Douglas Porter, deputy chief economist at BMO Nesbitt Burns. Bank of Canada governor David Dodge said Monday that much of the dollar's recent increase is the result of a strong economy.
Reuters Canada - Unified North American currency 'possible,' David Dodge says (22 May 2007) Bank of Canada Governor David Dodge said on Monday it was 'possible' there could at some point be a unified North American currency similar to Europe's euro. However, Dodge, answering questions from the audience after a speech on global economic institutions, said the countries involved would have to 'tear down borders in terms of labor flows' to make a joint currency work.
The Globe and Mail - Canada's leading indicator rises in April (23 May 2007) Canada's manufacturing sector got some good news as Statistic Canada's leading indicator, a barometer of the outlook for the economy, rose 0.4 per cent in April as 'manufacturing continued to recover from a prolonged slump.' New orders posted the largest gain with a 0.9 per cent increase. The steady growth of orders in 2007 was reflected in a rebound in manufacturing shipments. Furniture and appliance sales continuing to expand steadily. Financial market conditions continued to strengthen, with the stock market setting new record highs. 'Prices rose across the board in April, unlike previous gains which often were concentrated in metals and energy,' the agency said.
Canadian Press - Canada to push for new wide-ranging trade pact with EU (21 May 2007) Canada will seek talks on a wide-ranging trade pact with the European Union, Canada's second-largest trading partner, ahead of next month's Group of Eight summit, the head of Quebec's mission to the EU said. Christos Sirros said federal Trade Minister David Emerson has called on EU Trade Commissioner Peter Mandelson to launch preparations for full-scale talks on a so-called economic partnership agreement. The European Commission and Canada have already been in discussion on a deal to cut red tape for transatlantic investors and businesses and spur investment opportunities. Now Canada wants to add a deal on increased market access. European and Canadian business leaders sent a joint letter to Harper, German Chancellor Merkel, and European Commission President Jose Manuel Barroso last week calling on them to agree to a 'bold new vision for economic relations.'
CanWest News Service - Outsourcing not the job killer once feared: Statistics Canada (22 May 2007) The move by Canadian companies to outsource some of their operations has not had the effect on domestic employment that many feared, a new study suggests. There is no clear evidence that 'occupations potentially subject to service offshoring displayed smaller employment growth than other occupations in recent years,' said Statistics Canada in a report. 'Recently, some observers have argued that employers now use foreign outsourcing not only for manufactured goods, but also for labour services such as engineering, informatics and payroll administration,' the agency said. 'Concerns have been expressed that employment growth in these occupations might decline or even stop. The study found little evidence consistent with that view.' In fact, the study suggested, Canada has actually seen a net gain from the outsourcing trend.
The Globe and Mail - Waterloo ranked tops in world for its high-tech intelligence (23 May 2007) Waterloo, Ont. is now the world's top intelligent community, according to an international think tank. New York-based Intelligent Communities Forum chose Waterloo from among seven finalists for its annual award as the community that best exemplifies the development of a prosperous economy based on broadband and information technology. Finalists for the award were chosen on the basis of several indicators, including the extent of a knowledge work force, and the ability to foster innovation. The city also claims a disproportionate share of job creation in the industrial triangle that also includes Kitchener, Cambridge and Guelph. Waterloo is studied by other Canadian communities for its ability to deliver economic growth and increased employment from technology.
CBC News - Ottawa targets biodiversity preservation (22 May 2007) The federal government will spend C$4.5 million to protect dwindling animal and plant species and encourage biodiversity, Environment Minister John Baird said on Tuesday. Baird chose the International Biodiversity Day to announce the funding. The biodiversity funding will be used to fund up to 100 programmes as part of the Habitat Stewardship programme, designed to protect animal and plant species.
The Toronto Star - Getting hip to bullfrog power (22 May 2007) Bullfrogpower is Ontario's first 100 per cent green electricity retailer, giving consumers a choice. Even mega-sized companies are responding to green demand. Wal-Mart Canada is purchasing 39,000 MW hours of green power from Bullfrogpower over a three-year period, the largest commercial purchase of green power in Ontario's history. Recently RBC Royal Bank announced three additional branches have become bullfrogpowered, bringing the number in the GTA to 12. A new poll shows two-thirds of Canadians are likely to switch to banks, stores and other retail or service outlets that demonstrate a commitment to green policies. In addition, 75 per cent of Canadians said they are likely to fill their shopping carts with more environmentally friendly goods and services. This is the first snapshot demonstrating that Canadians view companies not just by what they sell, but on their commitment to the environment.
The Toronto Star - Cities can fight climate change best: Report (23 May 2007) Canadians eager for action on the environment and climate change should focus on local leaders, says a report by the environmental organization Sierra Legal. Local leaders are actually getting to work and getting the job done, said report author Justin Duncan. It's estimated that up to half of the country's greenhouse gas emissions can be controlled or reduced by municipal governments. The growing desire to act on environmental issues locally led to the Partners for Climate Protection programme, which has signed on 145 municipalities from every province and territory—ranging from big-city Toronto to Annapolis Royal, NS, population 583—in the joint goal to reach five targets in reducing greenhouse gases. Toronto Mayor David Miller at an international meeting of municipal leaders last week said there's a growing feeling that it's falling to cities and towns to make the biggest impact in fighting climate change.
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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