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10 September 2007
4 September was the 4th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
4 September 2007
Bloomberg News - Canada Stocks Rise on Commodity Rally, Led by Nexen, Barrick (4 September 2007) Canadian stocks rose on Tuesday as the main stock index extended gains made last week. The TSX Composite Index rose for a third time in four days, adding 94.75 to 13,755.23. 'People are back at their desks, often for the first time in weeks, and finding fundamentals are still robust,' said Neil Andrew, who helps manage about C$200 million with Leeward Hedge Funds in Toronto. 'The supply and demand backdrop for many of the commodities remains good.' The benchmark index gained 1 per cent last week after a report showed that the economy grew at a faster-than-expected pace in the second quarter. Bombardier led a gauge of industrial companies, among the most closely tied to economic growth, 1.4 per cent higher. 'The Canadian market is reflecting some confidence that the turmoil in credit markets is diminishing,' said Kate Warne, Canadian market strategist at Edward Jones & Co. in St. Louis.
From a Reuters Canada report on this: Eight of the TSX's 10 main groups were higher, including materials and consumer staples, up 1.1 per cent and 0.6 per cent respectively.
Bloomberg News - Canada Dollar Advances Fifth Day as Stock Gains Dampen Concerns on Economy (4 September 2007) The Canadian dollar rose for a fifth day as gains in global stocks diminished speculation that turmoil in money markets will slow economic growth and reduce demand for Canada's exports. The currency's advance is the longest in almost a year. The Canadian currency rose to 95.29 U.S. cents from 94.98 cents yesterday. 'When the stock market goes up, people feel a little confident that things have calmed down,' said Andrew Busch, global foreign exchange strategist at BMO Capital Markets in Chicago. 'The economic fundamentals are still supportive for the Canadian dollar to appreciate if things stabilize,' said Steven Butler, director of foreign exchange trading at Scotia Capital in Toronto.
Statistics Canada - Residential construction investment (second quarter) (4 September 2007) Residential construction investment achieved a new record in the second quarter of 2007, reaching C$22.8 billion, an increase of 7.0% over the same quarter in 2006. Increases in the values of both renovations and new housing made strong contributions to this growth. Investment in new residential construction climbed 6.1% to C$11.0 billion over the second quarter of 2006. At C$6.8 billion, single-family investment was up 3.8% and made the most significant contribution (in dollars) to the overall increase. Apartment/condominium construction increased 9.1% to C$2.5 billion. Investment in double and row housing also rose significantly, with respective gains of 19.8% and 9.3%. The housing sector has been positively affected by Western Canada's dynamic economy, still attractive mortgage rates, appealing financing possibilities, strength in employment, and growing disposable incomes. Renovation spending grew 9.1% to C$9.9 billion, the highest quarterly level on record. This accounted for 43.5% of total residential investment. Strength in the four westernmost provinces represented about two-thirds of the increase in residential investment. The largest increase (in dollars) occurred in Quebec, where a strong rise in renovations and a sturdy increase in new construction pushed spending up 11.5% to C$5.8 billion.
The National Post - Lenders going green with mortgages (3 September 2007) Banks and credit unions are starting to offer what they call green mortgage and green loans for energy-efficient improvements. Citizens Bank began offering green mortgages last April in Ontario and will expand them to other provinces by next spring. Kosta Hatzidimitriou was pleased when he stumbled upon a green mortgage for his new home. His Citizens Bank of Canada mortgage includes a C$10,000 line of credit at prime for energy efficient upgrades and a C$875 worth of information and coupons, including a C$375 home energy audit to help determine what improvements can be made to the 18-year-old home. Ontario-based Alterna Savings started last spring to offer green loans of up to C$100,000 at preferential rates for energy efficient retrofits. And B.C.'s Vancity Credit Union [which wholly owns Citizens Bank] has been involved for many years in financing green and sustainable commercial properties, and now offers a climate-change mortgage. Vancity doesn't advertise this mortgage; instead it takes the money usually spent acquiring mortgage business—C$1,250 per mortgage—and invests it in a climate-change fund.
Canadian Press - Salaries to rise 3.8% in '08, survey suggests (4 September 2007) The paycheques of Canadian employees are expected to swell by about 3.8 per cent next year. Hay Group consultancy said Tuesday its survey suggests base salaries will rise by that amount in 2008, about one-quarter of a percentage point higher than projections in recent years. 'Over the past year, we've been witness to many different turns of events, but on balance there is enough optimism that the forecasted salary increases are showing stronger growth than they have in the recent past,' Karl Aboud, the consultancy's director of reward management, said.
From a Globe and Mail report on this: Hay's forecasts are in line with projections issued by the Conference Board of Canada. Karl Aboud said corporate profits have been strong enough to support average increases of just under four per cent. Mr Aboud said that employers are starting to pay more attention, as well, to working conditions, professional development opportunities, and other factors that affect the quality of work life.
CBC News - Other sectors cushion Ont. from manufacturing job losses: economists (3 September 2007) Economists say the impact of job losses in manufacturing in Ontario has been softened by growth in other sectors. 'One key counterbalancing force has come from the housing market, where the boom extended into its second decade, spreading offsetting benefits throughout the economy,' said a July report from TD Bank. Benjamin Tal, a senior economist at CIBC, said the province's current growth is now led by Toronto, Ottawa, and Kitchener. Ottawa and Kitchener in particular have been bolstered by growth in the high-tech sector, he noted, adding Kitchener has been attracting about one-third of all high-tech startups in the country. 'If you look at the unemployment rate in Ontario outside of manufacturing jobs, it's not bad,' Tal said. Toronto has been supported by the surge in financial services, which has also fuelled the local housing market, he said. That has helped Ontario's economy remain diverse. Additionally, there has been significant growth in the service economy, which is not just restricted to low-wage jobs, but also encompasses higher-end professional categories. Small business has also been thriving in Ontario, Tal said.
The Toronto Star - Canada proposes shipping change to protect whales (3 September 2007) An area off the East Coast that teems with endangered right whales will be given special protections if a unique Canadian initiative is adopted. Transport Canada, Environment Canada, and scientists who study the rare animals have submitted a proposal to the International Maritime Organization (IMO) recommending that container ships divert around the Roseway Basin about 80 kilometres off the coast of Nova Scotia. If accepted, ships would have to steer clear of an area that literally bubbles with whale fins and spray as the massive mammals frolic on the surface. The area is a key conservation ground for the right whale and attracts about 10 per cent of the population. 'In the end, I think we'll see a lot less ship strikes from this initiative,' said Russ Renaud of Transport Canada. 'They are an endangered species, so hopefully this will help the conservation effort.' Renaud believes the proposal will pass easily.
Canadian Press - B.C. government moves to stem obesity in school children (4 September 2007) There's a move to slim down B.C.'s school children, with the provincial government setting the highest school health standards in Canada. The province will now require 30 minutes of daily physical activity for all students and is fast-tracking junk food out of public schools. Education Minister Shirley Bond says removing junk food, and mandating physical activity, helps to create a culture of health in schools.
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.
Copyright © 2007 Global Good News(sm) Service
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