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17 September 2007

6 September was the 6th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

6 September 2007

Bloomberg News on Canadian stocks rise Thursday (6 September 2007) Canadian stocks rose for the third time in four days on Thursday. The TSX Composite Index advanced 112.41, or 0.8 per cent, to 13,795.69. 'Globally, the economy is still fine. The commodity prices are telling us that,' said Paul Hand, managing director, equity trading, at RBC Capital Markets in Toronto. A measure of Canadian raw-materials stocks rose 3.4 per cent.

From a Globe and Mail report on this: Toronto's TSX composite index finished up, led by mining stocks, particularly in the gold sector which gained 6.6 per cent.

Canadian Press - TSX's main index will soon rebound to hit 15,000 points: CIBC World Markets (6 September 2007) The Toronto Stock Exchange's main index will likely rebound from recent market turmoil to hit a record 15,000 points within six months, CIBC World Markets says. 'The subprime mortgage meltdown in the U.S. is a temporary and non-lethal shock to the bull market in Canadian stocks,' Jeff Rubin, the investment firm's chief strategist and chief economist, said Thursday. Rubin said the market has already priced in the worst of the liquidity crisis. Growth in the Canadian economy has been outperforming Bank of Canada expectations so far this year. The TSX index is still up about seven per cent since the start of the year.

From a Bloomberg News report on this: Global economic growth will sustain demand for metals, boosting earnings and share prices in the commodity-heavy Canadian market, Rubin said. 'The index has already re-gained 50 per cent of those losses as investors rapidly scooped up discounted stocks.' CIBC World Markets is the investment banking arm of Canadian Imperial Bank of Commerce.

The Globe and Mail - Canada's Ivey index rises in August (6 September 2007) Purchasing activity in the Canadian economy rose in August and at a faster pace than the previous month, according to the Ivey Purchasing Managers Index released on Thursday. The index rose to 58.5 in August from 54.6 in July. The index includes both manufacturing and services, and a reading higher than 50.0 indicates that activity increased from the preceding month. 'As this is the first economic data release since the beginning of the current credit crunch, these results indicate that the Canadian economy has thus far been able to weather the credit storm—a key focus for the Bank of Canada,' Karen Cordes, an economist at Scotia Capital, wrote.

Bloomberg News - Emerson Says Canada's Seeking Deeper Trade Relations With Asia (6 September 2007) Canadian Trade Minister David Emerson said his country is 'quite close' to a free trade pact with Singapore, and is trying to deepen economic relations with other Asian nations. Canada agreed to start talks with the 10-member Association of Southeast Asian Nations on a 'trade and investment framework arrangement' that may lead to free-trade negotiations, Emerson said today in Sydney after a meeting of trade ministers from the Asia-Pacific Economic Cooperation group of countries. Emerson has sought bilateral and regional accords in Asia and Latin America since talks among the World Trade Organization's 150-member governments stalled. Canada agreed yesterday to start talks with Vietnam on an investment protection agreement, he said, and discussions with China on a similar pact are going 'quite well'. Still, Emerson said he remains focused on ensuring a successful outcome to global trade talks.

Statistics Canada - Farm Product Price Index (June) (6 September 2007) Prices for crops were up 15.2% in June compared with June 2006. After slumping to very low levels during the 2005/2006 crop year (August to July), crop prices have surged this year to their highest levels since the spring of 2004.

CBC News on July building permits (6 September 2007) The value of Canadian building permits issued in July slowed after two months of record highs. They increased, however, in Newfoundland and Labrador, Prince Edward Island and New Brunswick. Statistics Canada said municipalities issued building permits worth $6.2 billion, from C$6.9 billion in both May and June. Municipalities issued $2.4 billion worth of single-family permits, a 3.1 per cent decline from June, but still the third-highest value on record.

From a Globe and Mail report on this: Nonetheless, July was one of a handful of months where permits exceeded C$6 billion. 'Permit activity slowed in July but remained near record high levels pointing to continued firm construction activity in the third quarter,' Dawn Desjardins, a senior economist with Royal Bank of Canada, said. She noted that residential permits were still running 9.4 per cent higher than a year ago while nonresidential permits are 15.1 per cent higher. In the nonresidential sector, industrial permits rose to their second-highest value in just over a year. 'Nonresidential investment is expected to remain firm in the second half of the year providing support to the economy,' Ms. Desjardins said. 'Residential permits also remained high by historical standards pointing to solid housing activity in the third quarter.'

From a Reuters Canada report on this: Statscan revised June to a 0.1 per cent increase after reporting a decline of 0.4 per cent previously, turning the value of building permits that month into an all-time high of C$6.94 billion.

From a Canadian Press report on this: The report said the demand for housing remains high, driven in part by strong employment, growth in disposable income, tight apartment vacancy rates, and attractive financing options.

From a Statistics Canada report on this: Strength in the multi-family component led to increases in the total values of residential permits in Quebec (up 4.2% to C$718 million) and Nova Scotia (up 29.6% to $75 million). In the industrial component, the value of permits jumped 23.8% to $503 million, after a 6.6% drop in June. Several factors are consistent with the strength in the non-residential sector in recent months. These include strength in the retail and wholesale sectors, high corporate profits, and declining vacancy rates for office buildings in certain major urban centres.

CBC News - Home sales rise in GTA (Greater Toronto Area) (6 September 2007) Housing sales in the GTA were up by seven per cent in August compared with the same month in 2006. Since January, sales have increased by 13 per cent over the same period last year. 'With five consecutive record-breaking months, spring and summer activity was unprecedented, and given the strong economic fundamentals that remain in place, we have tremendous confidence in the autumn housing market,' Toronto Real Estate Board president Donald Bentley said.

The National Post - Canadian workers happy with jobs, says research group (6 September 2007) An international employee research firm says Canadians are among the most satisfied employees in the world. Data released by Chicago-based Towers Perrin-ISR shows Canadian workers scored higher than any other country it measured in rating the quality of work their organizations do, their pay and rewards, and their performance-evaluation systems. Canada was tied for top spot with India in the area of employee empowerment. The firm said Canada was among the top-three rated countries as far as workers' accounts of their companies' employee engagement; career development; communication; and stress, balance, and workload. 'There are some cultural things about Canada that we think helped. ... We know that Canada is a very open, accepting culture. It's not very hierarchical. ... You can try out new ideas without fear of failure, without being ostracized,' said Amy Johnson, research development director for Towers Perrin-ISR. 'There's a lot of recent increase in the Canadian data,' Johnson said. She said part of the improvement is related to the economic success Canada has enjoyed recently. Countries most often sharing the top positions with Canada tended to be from Asia and South America. The exception was the Netherlands, which was No. 1 in [less] stress, balance, and workload.

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 Good News(sm) Service

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