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28 August 2007
20 August was the 20th day of the second month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
20 August 2007
The Toronto Star - Markets rally to close higher (20 August 2007) North American stock markets put in a mainly positive showing today. The TSX Composite Index rose for a second day, closing up 60.76, or 0.5 per cent, to 13,110.34. Most TSX sectors were positive. The industrials sector continued to provide support for the TSX, up one per cent. The tech sector was also strong.
From a Reuters Canada report on this: The materials sector was the biggest gainer, up 1.4 per cent, helped by strong commodity prices.
Reuters Canada - Canadian dollar closes at highest level in a week (20 August 2007) The Canadian dollar closed at its highest level in a week against the U.S. currency on Monday. The Canadian dollar closed at 94.87 U.S. cents, up from 94.21 U.S. cents, at Friday's close. A rebound in North American stock markets proved a relief to investors. Concerns were eased somewhat last week when the U.S. Federal Reserve decided to cut the discount rate at which it lends to banks, a move that gave a boost to the Canadian dollar.
From a Bloomberg News report on this: The Canadian dollar rose for a third day. The Canadian dollar rose on 15 of the 16 most actively traded currencies today. The currency gained 2.2 per cent on the U.S. dollar since 15 Aug.
The Globe and Mail - Canadian home sales forecast lifted (20 August 2007) Record-breaking home-buying activity has led to higher sale targets and further projected price increases. Sales of existing homes are expected to reach 523,100 units this year, an 8.1 per cent increase over last year, the Canadian Real Estate Association (CREA) said in a new forecast Monday. That is up from a previous target of 514,450 units and 6.5 per cent growth. CREA has already revised its sales growth target several times this year. In February, it forecast sales activity would ease 1.6 per cent from 2006. Gregory Klump, CREA chief economist, said Monday that record sales activity in the first and second quarters prompted the sunnier sales outlook. 'Home buying sentiment remains upbeat in all regions and mortgage financing is still within reach for many potential home buyers.' Not only are sales expected to set records in most provinces this year, prices are forecast to reach new highs in every province both this year and in 2008. Nationally, the average price is seen rising 10.4 per cent this year.
From a Canadian Press report on this: The number of homes sold across Canada is expected to reach record levels nationally this year, the Canadian Real Estate Association said today. 'Resale housing activity was a juggernaut in the second quarter of 2007,' association chief economist Gregory Klump said. 'Record-breaking sales activity in the first and second quarters forced the Canadian Real Estate Association to revise its forecast upward.'
Canadian Press - Boom continues: Real estate group predicts record home sales in Canada (20 August 2007) 'The Canadian economy has been remarkably strong,' Gregory Klump, CREA chief economist, said. 'Job growth remains very upbeat and, because of that, consumer sentiment is running very high.' The biggest year-over-year growth in unit sales in 2007 is expected to occur in Saskatchewan at 34 per cent, followed by New Brunswick with a spurt of almost 16 per cent. In absolute terms, Ontario is expected to lead the way with close to 211,000 homes sold. 'The (sector) is supported by strong economic fundamentals,' Bertrand Richer, senior economist with Canada Mortgage and Housing Corp., said Monday. A record percentage of Canadians are employed, and unemployment is at 30-year lows, he said, adding, 'We've registered also good income gains.'
CanWest News Service on green certification enters Canadian home market (18 August 2007) The Canada Green Building Council will introduce a rigorous new green home certification programme a year ahead of schedule. Some Canadian homebuilders were so eager for the LEED (Leadership in Energy and Environmental Design) for Homes programme that they joined the American pilot project, said Derek Satnik, chair of the council sub-committee dealing with the issue. The LEED program has come to Canada in stages, with commercial, institutional, industrial, and multi-unit residential certification now in place. With increasing concern over environmental issues, there has been growing demand for the individual homes component, which is due to be formally launched in November, said council vice-chair Andrew Pride, also vice-president of energy management for Minto Homes. 'We're going to take the U.S. program and make it Canadian,' he said. Ottawa's Dharma Developments has just registered with the U.S. pilot project for a 36-unit, low-rise condominium. 'You can have green environmentally conscious buildings and still be affordable,' said Dharma president Akash Sinha.
The Toronto Star - CNE suite showcases green living ideas (18 August 2007) The Sustainable Condo at the Canadian National Exhibition (CNE) in Toronto offers plenty of ideas on how to save energy and incorporate environmentally friendly features into homes. The suite showcases green, sustainable, and energy-efficient interior systems, featuring state-of-the-art technologies. The features and products can be used in any type of dwelling of any scale. For new-home buyers, there are incentives for buying energy-efficient homes, says Mark Salerno, Canada Mortgage and Housing Corp.'s district manager for the Greater Toronto Area, such as a rebate on CMHC mortgage insurance for Energy Star designated houses and suites in LEED certified condominiums.
The Toronto Star on national survey on salary increases (17 August 2007) Nationally, salaries are projected to rise 3.9 per cent in 2008, Mercer Human Resource Consulting said in their annual survey. Average salaries are expected to jump 4.2 per cent in Calgary and 4.1 per cent in the rest of Alberta in 2008. Average salaries are projected to increase 3.7 per cent in Greater Vancouver. Greater Toronto remains on par with Montreal at 3.6 per cent. The survey was taken of 491 organizations with more than 1.5 million employees.
The National Post - Saskatchewan: New land of plenty (18 August 2007) Saskatchewan is flirting with becoming a 'have' province for the first time, and is on track to be third in terms of standard of living across the country. Its real GDP growth rates are stellar. BMO Capital Markets predicts real GDP growth will clock in at 3.7% in 2007, third in the country. The province's 0.23% population gain in the first quarter was the largest since the third quarter of 1985. Residential housing prices in Saskatchewan have been rapidly rising.
The Vancouver Sun - Blue whale sighting in B.C. inspires optimism (17 August 2007) A group of whale-watchers have spotted the largest number of blue whales seen together in British Columbia in 50 years. Five blue whales, including one calf, were seen near the Queen Charlotte Islands off the province's northern coast on 11 Aug. The extremely rare sighting of the 30-metre-long blue whales weighing 100 tonnes each is offering hope that the massive animals are making a comeback to B.C. waters. 'We have never seen a concentration of five blue whales for a very long time,' biologist John Ford of Fisheries and Oceans Canada said. 'It's very encouraging because they might be starting to recolonize off of our coast again.' Blue whales are the largest animals ever to exist.
Canadian Press - Canada-U.S. travel increases (20 August 2007) Same-day car trips in both directions across the Canada-U.S. border increased for the fourth straight month in June. Americans made a million same-day car trips to Canada, a 2.5 per cent increase over May, while Canadian residents made just under two million same-day car trips to the United States, up 2.3 per cent. Overall, United States-to-Canada travel rose 1.3 per cent over May to 2.3 million trips. Canadians took more than 3.4 million trips to the United States in June, up 2.1 per cent from the previous month. Canadians made an estimated 606,000 trips to overseas countries in June, unchanged from the record high in May. Overseas residents made an estimated 392,000 trips to Canada in June, a 1.6 per cent increase over May. Travel was up for seven of Canada's top 12 overseas markets. Travel from India rose 7.3 per cent, the largest gain.
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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