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Good news report from Canada

Global Country of World Peace    Translate This Article
19 June 2007

9 June was the 9th day of the twelfth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

8 June and 9 June 2007

The Ottawa Citizen - Climate accord 'important first step' (8 June 2007) Stephen Harper has hailed an agreement by G8 leaders as an 'important first step' toward a long-term global plan to fight climate change. Leaders of the G8 committed to 'substantial' global reductions in the greenhouse gases that cause global warming. Mr Harper was cautiously optimistic the setting of a global target—even one that isn't quantified—could set the stage for a successor agreement to the Kyoto Protocol, which expires in 2012. It is now clear that, at least on some issues, Canada finds itself closer to the European Union than perhaps many observers expected. Canada—along with Germany, France, Britain, Italy, Russia and Japan—supported the global target of cutting emissions by 50% by 2050. 'I don't think countries, any country, whether it's a developed country or a developing country, whether it's in Kyoto or outside of Kyoto, can say this is a really important problem, in fact a crisis in the life of the planet and humanity, and then say, 'We don't think it will be required to do anything about it,' the Prime Minister said. The United States agreed to incorporate a recent proposal, made by Mr Bush for negotiations between major emitters, into the UN process that led to Kyoto. The G8 leaders aim to complete a new global accord by 2009. The Harper government pledged this spring to reduce emissions by 20% compared with 2006 levels by 2020. From a Canadian Press report on this: Despite their failure to set a firm objective on greenhouse gas reduction, Prime Minister Stephen Harper says it's significant that G8 leaders have for the first time agreed there's a need for such targets. The language of the G8 declaration said all members should 'seriously consider' following the European Union, Japan and Canada in cutting emissions by 50 per cent by 2050. The prime minister said developed countries would obviously need to shoulder a major share of the burden because they can afford it. That expressed willingness to shoulder extra responsibility stood out as a striking reminder of how much Harper's position on climate change had evolved. 'We have to come towards real, mandatory, enforceable targets. That's certainly my understanding of where this needs to go,' Harper said. From a Toronto Star report on this: Calling global warming a humanitarian crisis, Prime Minister Stephen Harper said the only way to deal with the planet's environmental crunch was to establish 'real, mandatory, enforceable targets' to cut the greenhouse gases. Now that everyone is expressing concern about global warming, it can be hoped that 'common global action' will follow, Harper added.

CBC News - NB climate change plan shoots for 1990 levels (8 June 2007) New Brunswick's plan to reduce greenhouse gas emissions to 1990 levels within the next five years would reduce emissions in the province to 1990 levels by 2012, close to the goals of the Kyoto accord. The government says it can hit that target with more energy reduction programmes, more public transportation and cleaner ways of generating electricity. 'We didn't put anything in there that was wishful thinking or anything, and we feel that those targets are very realistic and we will reach those targets,' Environment Minister Roland Hachesaid. From a Canadian Press report on this: Premier Shawn Graham says emissions can be cut by 10 per cent below 1990 levels by 2020.

The Globe and Mail - Jobless rate remains at 33-year low (8 June 2007) The economy created about 9,300 jobs in May and the jobless rate remained for a fourth month at a 33-year low of 6.1 per cent. Most of the job gains were full-time positions, which expanded by 32,700. In Manitoba, the participation rate reached a record. Even so, Manitoba's unemployment rate remains among the lowest in the country. The jobless rate in Quebec held at a 33-year low. Employment in the province has risen 1.3 per cent this year, outpacing last year's 0.3-per-cent growth, on gains in construction. The Canadian economy has created 162,000 jobs this year. British Columbia leads the way this year in job growth, followed by New Brunswick and Alberta. From a Canadian Press report on this: British Columbia registered the biggest job gains with an estimated 14,000 more full-time jobs in May. Ontario's jobless rate declined to 6.3 per cent. New Brunswick has led the four Atlantic provinces in job growth since the start of the year, with a 1.9 per cent gain. Meanwhile, there was another large increase in the number of self-employed people, which rose by 56,000. 'A strong case can be made that robust labour demand has created the perfect conditions for those with an entrepreneurial spirit,' said Beata Caranci, director of economic forecasting at TD Bank.

CanWest News Service - Canadian housing starts better than expected (8 June 2007) The seasonally adjusted annual rate of housing starts was 229,700 units in May, up 8.4 per cent from 211,900 units in April. This was stronger than most analysts' expectations of about 215,000. From a Toronto Star report on this: Most of the increase in starts came in the multiples segment, which includes condominiums and gained 16.3 per cent. The bellwether number on singles was up 2.8 per cent. 'Canada's housing market continues to fire on all cylinders in May..,' said BMO Capital Markets economist Bart Melek. Melek argued condominiums may become the new norm. 'While there is usually a tendency to dismiss strong multiple-starts rebounds ... perhaps they are no less of a bellwether than singles, owing to structural changes in Canada's demography and price trends.'

The Globe and Mail - Stocks finish week on high note (8 June 2007) North American stocks finished Friday's session sharply higher. In Canada, the TSX composite added 94.62 points to 13,798.50, led by industrial, financial and consumer staple stocks. From a Reuters Canada report on this: All 10 of the TSX index's main groups were up, the financial sector by 1 per cent. Meanwhile Canadian economic data showed that the economy was still moving forward at a decent pace. From a Toronto Star report on this: The unemployment rate held steady at a 33-year low of 6.1 per cent last month. Investors were also encouraged by housing starts that topped expectations and an April trade surplus which exceeded market expectations by C$1 billion.

The National Post - After two days of pain, optimism prevails (9 June 2007) The TSX reversed course quite dramatically yesterday, gaining 94 points and sending traders home for the weekend in fine spirits. And maybe that's why investors should stay positive. There are all kinds of reasons to be worried about the markets these days. But none of those have managed to derail the bull market yet. And a big reason why is that positive sentiment has effectively overcome everything else. It happened yesterday, and it can happen again, regardless of what fundamental and technical analysis tells us. 'You open the paper, and the general opinion is this is a buying opportunity,' says Ron Meisels, a Montreal-based technical analyst.

The National Post - C$ climbs after housing, trade reports (9 June 2007) The Canadian dollar ended higher against the US currency Friday, as bullish economic reports lent support to the Canadian unit. The Canadian dollar closed at US94.32 from US94.02 on Thursday, getting a lift from reports showing strength in Canada's housing market, and a larger-than-expected April trade surplus. The Canadian dollar's resilience is 'quite striking,' said David Wolf, head of Canadian economics and chief strategist at Merrill Lynch Canada. From a Bloomberg News report on this: Canada's dollar advanced after a report showed the nation's trade surplus in April widened to the highest since December 2005.

CanWest News Service - Canada's trade surplus widens unexpectedly (8 June 2007) The trade surplus with the world expanded to C$5.8 billion in April from a revised C$5.1-billion in March, Statistics Canada said. This was a better-than-expected report. Canada's exports to countries other than the United States reached C$10.1-billion, a 7.7% gain, the report said, adding imports from those countries remained virtually unchanged at C$12.4-billion. From a Globe and Mail report on this: Canada's trade surplus rose unexpectedly in April as exports were buoyed by strong industrial shipments. From a Canadian Press report on this: Royal Bank economist Paul Ferley noted that the strength in exports could result in stronger-than-expected overall economic growth.

Canadian Press - Ottawa announces faster, simpler passport process (8 June 2007) Foreign Affairs Minister Peter MacKay announced new rules Friday that will simplify and speed up the passport application process. Under the new rules, which take effect Aug. 15, it will no longer be necessary to have a guarantor or to provide proof of citizenship to renew a passport. For first-time applicants, the guarantor process will be simplified so that most citizens can act as guarantors. Currently, only professionals in certain occupations can do so. From a Toronto Star report on this: But to take advantage of the new procedures, Canadians must be living in Canada at the time they make their application as well as at the time of their previous application.

The Globe and Mail - Day thinking locally on youth crime (9 June 2007) Federal crime-prevention programmes are undergoing a 'repositioning' to focus on what works at the community level to combat rising levels of youth crime, Public Safety Minister Stockwell Day told a crime-prevention conference in Halifax. The direct cost of crime is C$47-billion a year, according to a recent study by Justice Canada. 'The costs are very high and that's why the investment in prevention is so critical and so worthwhile and that's where we want out investment to go,' he said. The minister said Ottawa wants local community groups and organizations to have input on the types of initiatives that best reach young people. He added that funding would flow to the best and most practical ideas. 'You know where [funding dollars] are best invested.' Mr Day said key areas already targeted for funding included proven methods to lower repeat offences.

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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Copyright © 2007 Global Country of World Peace

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