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30 June 2007
19 June was the 19th day of the twelfth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
19 June 2007
Bloomberg News - Canadian core inflation rate rose 2.2 percent in May, less than forecast (19 June 2007) Canadian inflation, excluding volatile items such as energy, slowed more than economists forecast last month. The so-called core inflation rate was 2.2 per cent in May from a year ago, compared with a forecast of 2.3 per cent in a Bloomberg News survey of 19 analysts, Statistics Canada said today. From a Statistics Canada report on this: Consumer prices increased 2.2% on average in May 2007 compared with May 2006, identical to April. The Bank of Canada's core index rose 2.2% in May 2007 over May 2006, a marked slowdown from the 2.5% increase in April. This index is used by the Bank of Canada to monitor the inflation control target. On a monthly basis, the all-items index rose by 0.4% between April and May 2007, smaller than the 0.5% increase posted between March and April. Higher gasoline prices accounted for most of the upswing. However, declines in prices for computer equipment and video equipment, natural gas and vehicle purchases and leases mitigated the rise in the all-items Consumer Price Index (CPI). The 12-month change in the all-items CPI without energy components was 2.1% in May, compared with a 2.3% advance posted in April.
CBC News - Mortgage rates dip for first time in 3 months (19 June 2007) Residential mortgage rates are dropping for the first time in more than three months. Royal Bank announced that it would be chopping its mortgage rates across the board by up to a fifth of a per centage point. TD Canada Trust and Bank of Montreal followed soon after and other banks are expected to do the same. A five-year fixed mortgage will be 7.24 per cent, down from 7.44 per cent, the first major drop in mortgage rates since early March.
Reuters Canada - Canadian corporate debt defaults at decade low (19 June 2007) For the first time in a decade, there wasn't a single bond or loan default by a Canadian corporate issuer in 2006, Moody's Investor Services said on Tuesday. Moody's credited a healthy Canadian economy for the zero default rate. The only other year in the past 18 that had no defaults was 1996. 'In addition to the lack of defaults, the aggregate trend in credit quality among Canadian corporate issuers was favorable last year, with rating upgrades outnumbering downgrades in 2006 for the first time since 2000,' said Moody's analyst and author of the review, Sharon Ou.
The Montreal Gazette - Jobless rate expected to fall to record low (19 June 2007) Canada's jobless rate will fall to a record low next year of six per cent, the Organization for Economic Co-operation and Development said. Canada's economy will grow at 2.5 per cent this year and then three per cent in 2008, edging ahead of the average 2.7 per cent of all industrial countries, the Paris-based research organization said in its outlook.
Canadian Press - Flaherty to offer provinces sweet deal on national securities regulator (18 June 2007) Finance Minister Jim Flaherty will propose that his provincial counterparts agree to establish a committee of experts that would report back in six to nine months on how a national securities regulator would function. And in an effort to build momentum, he will tell provincial ministers responsible for securities regulation that they needn't sign on at the same time. They could opt in to a single common regulator framework when they are ready. 'If we have sufficient interest to move forward, others could be observers for the time being,' Flaherty explained. 'We don't want this to be a policy of exclusion, we want it to be a policy of inclusion.' Ironically, Canada, the only major developed nation without a single regulator, has proposed that the G7 countries mutually recognize their respective securities laws, he said. 'That idea has been welcomed at the G7, and also by Hong Kong, Australia and Mexico.' From a National Post report on this: 'We are pretty close to the tipping point on this,' said Ian Russell, president of the Investment Industry Association of Canada.
The Toronto Star - McGuinty launching green fund (19 June 2007) Ontario Premier McGuinty launched a C$650 million fund encouraging manufacturers to build 'cleaner, greener' cars and other products to curb climate change. Grants from the fund will be available to both carmakers and other types of manufacturers. These include generators of clean energy, such as solar and wind power. 'GM is making their hydrogen fuel-cell cars here, but let's make plug-in electrics here, let's make the new (electric Chevrolet) Volt here. From a Reuters Canada report on this: 'What's new is designing a fund specifically to develop and manufacture green technologies and products across all sectors,' McGuinty said. 'There are people out there who claim you have to choose between a strong economy and a clean environment. We understand that, in today's world, to grow your economy you must green your economy.'
CBC News - Ont. sets up $650M fund for clean cars, products (19 June 2007) McGuinty says it's an opportunity for the province to find innovative ways to conserve energy and fight climate change. He said it will not only help the province reach its greenhouse gas emission reduction targets, but also establish the province as a global leader in the emerging market for environmentally friendly products. From a CTV News report on this: In order to tap into the reserved funds, companies will have to prove they can help Ontario become a global leader in green technology. Companies will also have to provide proof that their operations will cut emissions in the province before any funds are granted.
Sun Media - Campbell sees green future (19 June 2007) BC Premier Gordon Campbell challenged the local business community to become a catalyst in the drive towards a greener economy at a Vancouver Board of Trade conference. He pressed people to take economic advantage in developing new ideas and technologies to reduce industry's ecological footprint. 'Most changes that we confront now create for us enormous opportunities. 'They're opportunities to be at the front to take action, to create wealth, to create ways that we can actually deal with the challenges of climate change,' he said. 'The world changes ... because of what we do and the decisions we make,' he said. Decisions made today must keep future generations of British Columbians in mind, Campbell said. 'That's a change,' he added. 'It's a huge, big societal 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.
For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.html
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