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Good news report from Canada

Global Country of World Peace    Translate This Article
5 July 2007

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

21 June 2007

The Globe and Mail - TSX posts triple-digit gains (21 June 2007) The Toronto market posted a near 120 point rise on Thursday propelled by strength in nearly all major sectors. The TSX composite index moved ahead 117.57 points to 14,095.73.

Reuters Canada - Household spending keeps indicator growing (20 June 2007) Strong housing starts in Canada helped push the composite leading indicator up by 0.5 per cent in May, Statistics Canada said. Housing starts flew up to a four-month high, accompanied by strong demand for furniture and household appliances. A strong job market and robust economic growth kept consumer demand hot for automotive products and services in general. Statscan said the outlook for manufacturers looked brighter as signs of a rebound in the US economy spurred more orders and shipments.

Canadian Press - Retail sales increase 0.4% in April to estimated $34.1 billion, led by new cars (21 June 2007) Retail sales increased 0.4 per cent in April to an estimated C$34.1 billion. It was the third monthly increase in a row for Canadian retailers. The automotive sector saw sales gains of 1.6 per cent, building on a strong 3.6 per cent increase in March. Sales grew 1.1 per cent in furniture, home furnishings and electronic stores, the sixth consecutive monthly gain. The food and beverage stores sector posted back-to-back gains of 0.8 per cent in March and April From a Globe and Mail report: The gain in April suggests that, in volume terms, retail sales in the second quarter will likely post at least a healthy four per cent annualized gain,' said TD Bank Financial economist Pascal Gauthier.

The National Post - Flaherty backs BC-Alberta trade deal (21 June 2007) Jim Flaherty, the federal Finance Minister, threw his support behind the recently implemented free-trade deal between Alberta and British Columbia as provincial finance ministers from across the country agreed to set up a panel aimed at accelerating the dismantling of interprovincial barrier at the conclusion of two days of meetings. That pact, known as the Trade, Investment, and Labour Mobility Agreement, reduces all barriers between the two provinces dealing with trade, investment and labour mobility. The provincial finance ministers agreed to form a new working group focused on whether the Alberta-BC pact could be incorporated elsewhere.

Canadian Press - Alberta year-end surplus hits $8.5 billion, 2nd-largest ever (21 June 2007) Alberta's 2006-07 annual fiscal update shows a near-record surplus of C$8.5 billion, more than double the original estimate From a Calgary Herald report on this: Alberta reaped its second-largest in history in the 2006-2007 fiscal year. The surplus is C$1.1 billion more than what was projected just a few months ago in the third-quarter fiscal update and a mammoth C$4.4-billion increase from what was budgeted. 'It certainly was a good year,' Finance Minister Lyle Oberg told reporters. From a CBC News report on this: The government credited strong economic growth, a significant increase in population, and the lowest unemployment rate in 30 years for the province's 'solid fiscal performance.'

The National Post - Canada a creditor by 2010? (21 June 2007) Canada could be become a creditor nation for the first time in its history by the end of the decade. Economists said the country could soon have more foreign assets than liabilities&madsh;which would give it more control over its financial destiny. Douglas Porter, deputy chief economist at BMO Capital Markets, said, 'We're running current account surpluses on the order of about C$25-billion a year so roughly in three years time, that sounds about right.' The forecasts were made yesterday after Statistics Canada reported Canada's foreign assets continued to swell in the first quarter while its foreign debt plummeted. As a per centage of GDP, net liabilities fell to a record low of 6.2%, down from 6.8% in the previous quarter, 17.6% in 2003 and 44% in the high-debt days of the early 1990s. The turnaround in Canada's net external liabilities has come through a combination of bulging trade surpluses and a determination to slash government indebtedness. Federal net debt has slid from about 70% of GDP to around 25%. Less debt also means less interest payments.

Canadian Press - Ont. housing market remains red hot, defies expectations: report (21 June 2007) A report on Ontario's housing market by the Re-Max real estate firm says stronger-than-expected consumer confidence has fuelled extraordinary demand for properties this year. Parry Sound led the province in sales with double-digit gains of 20 per cent. Average prices also soared higher, with Timmins recording a 29 per cent year-over-year increase. Sharp increases were also recorded in Sudbury (22 per cent), Haliburton (20 per cent) and Collingwood, North Bay, Pembroke-Petawawa and Sarnia (10 per cent). From a CanWest News Service report on this: 'Given current momentum, we expect demand for housing to continue throughout the traditionally slower summer months and shatter existing records for sales and/or price in many markets by year-end.' said Michael Polzler, executive vice-president and regional director, Re/Max Ontario-Atlantic Canada.

The Globe and Mail - Ontario pledges C$150-million energy initiative (21 June 2007) Premier McGuinty announced C$150-million in funding to help homeowners conserve energy. The government is offering homeowners up to C$5,000 to upgrade their homes with energy-efficient furnaces, solar-powered water-heating systems and better insulation for exterior walls. It is also removing the 8-per-cent provincial sales tax on energy-efficient household appliances, including refrigerators, dishwashers and freezers, for one year beginning July 19. From a Toronto Star report on this: The province will also extend sales tax rebates on solar, wind, micro-hydroelectric, and geothermal equipment until 1 January, 2010. As well, McGuinty promised a new incentive programme later this summer to encourage consumers to sign up for green energy from retailers such as Bullfrog Power that sell renewable electricity.

The Toronto Star - Hydro's new take on the power suit (20 June 2007) Building operators and tenants who reduce their electricity use by 1 per cent or more this summer will receive a credit equal to 10 per cent of their electricity bill for that same period—a programme already in effect for residential customers. A small store has the potential to receive C$50, while a large 20-storey building could get approximately C$43,000. 'The overall targeted savings for these programmes is 94,336,662 KwH, or the equivalent of taking approximately 7,800 homes off the grid for a year,' said Toronto Hydro-Electric System president and CEO David O'Brien. 'This also means there is close to C$8 million in rebates available to Toronto businesses and residents.' The utility kicked of its summer conservation programme telling Bay Streeters to lose their suits and boost their bottom lines by turning down the air conditioning at work.

CBC News - NB gov't, First Nations relations improving: chief (21 June 2007) As New Brunswick marked National Aboriginal Day Thursday, one First Nation chief says relations with the province are looking up. On Friday, Premier Shawn Graham will sign an agreement with the 15 First Nations chiefs setting up working groups on issues such as education and logging. The accord also holds the premier to twice-yearly meetings with the chiefs. Chief George Ginnish from Eel Ground First Nation says he's pleased with the change in tone.

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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