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22 September 2007

12 September was the 12th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

12 September 2007

Bloomberg News on Canadian stocks rise for a second day (12 September 2007) Canadian stocks gained for a second day on Wednesday. The TSX Composite Index rose 52.44, or 0.4 per cent, to 13,756.72 in Toronto. Research in Motion led a 1.7 per cent advance in an index of technology shares.

Bloomberg News on Canada's dollar approaches 30-year high (12 September 2007) Canada's dollar approached a 30-year high Wednesday amid speculation the U.S. Federal Reserve will cut borrowing costs next week, making the Canadian currency more attractive. A Fed move to cut its benchmark rate may also boost the allure of financial assets denominated in Canadian dollars. Canada's dollar rose for a third day to 96.52 U.S. cents from 95.99 U.S. cents Tuesday. The Canadian dollar has advanced against all 16 most-actively traded currencies this year on a growing economy and surging commodities. The currency has gained 11 per cent against the U.S. dollar, 7 per cent versus the yen and 6 per cent versus the euro in that period. Government reports showing housing starts gained last month and job growth quickened added to signs of resilience in Canada's economy. 'Canada's economy remains pretty robust at this point,' said Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto.

The Globe and Mail on Canadian economy holds steady (12 September 2007) In Canada, housing numbers are as good as ever. And the central bank said it no longer needs to do anything special to help the markets. 'The initial indications are, in August, the Canadian economy just sailed right through this,' said Philip Cross, chief of current economic analysis at Statistics Canada. Like most economists these days, Mr Cross is grabbing any recent data he can find to see how the credit crunch is playing out in people's everyday lives. So far, he has found little sign of any impact in Canada. Rather, Mr Cross sees healthy indicators for global trade, rising demand for many of Canada's plentiful commodities, a vibrant Canadian housing sector, and strong demand for cars on both sides of the border. He also sees consumer confidence rising in Canada, and a Canadian job market that's the strongest in decades. On the corporate side, Mr. Cross noted, Canada's financial sector has taken pains to show that it is not in any distress. 'I haven't seen one company in Canada saying ''we are scaling back on our operations because of the flow of funds,'' ' he said. Optimism prevails here. Canada's mainstay is natural resources, and when there is a commodities boom, Canada's economy prospers. Canada's corporate profit picture, government finances, household spending, and construction and services sectors are also expected to continue to prosper.

The Toronto Star - Wage hikes at highest level since May 2001 (12 September 2007) Canadians are enjoying their heftiest pay increases in years, a trend that is expected to continue. Average hourly wages rose 4 per cent in August from a year earlier, marking the second-highest year-over-year wage growth in a decade, eclipsed only by the gain of 4.1 per cent in May 2001. The average for the first eight months of 2007 is about 3 per cent and should at least match the 3.4 per cent average for all of 2001, said BMO Capital Markets senior economist Michael Gregory. Separately, a survey of Canadian employers by Hewitt Associates that looked at corporate budgets, pegged average base-salary increases this year at 3.8 per cent, also the highest since 2001. The driving force is a tight labour market. 'The other issue has certainly been that companies have been doing quite well,' said David King, executive vice-president with Robert Half International in Canada.

The Globe and Mail - Home-ownership rate highest on record (12 September 2007) Canada's home-ownership rate is at its highest level on record. Figures from the 2006 census show that more than two-thirds—68.4 per cent—of all Canadian households owned the place they lived in, the highest since this information was first collected in 1961. Provincially, Newfoundland and Labrador boasted the highest home-ownership rate at 78.7 per cent, followed by New Brunswick at 75.5 per cent and Prince Edward Island at 74.1 per cent.

The Globe and Mail - More education urged to boost productivity (10 September 2007) A new study by The Institute for Competitiveness and Prosperity, led by the University of Toronto's Roger Martin, has found an agenda targeted at certain groups of poor people would not only help alleviate poverty but probably boost overall productivity as well. To make Canada more competitive, it would make sense for governments to better educate its citizens at all levels, said Mr Martin, dean of the university's Rotman School of Management.

Canadian Press - University professionals say immigrants a source of enrichment for Quebec (11 September 2007) A group of 12 university professionals has told Quebec's commission studying accommodation that immigrants are a collective source of enrichment for the province. They were speaking out Tuesday on the second day of hearings that will be held throughout Quebec into how immigrants should fit into the French-speaking province.

The Globe and Mail - Alberta program puts local produce in the spotlight (12 September 2007) Alberta is asking diners to 'do the planet a favour and bite into a meal that required a minimum of fossil fuels to get here.' It's part of a programme designed to link local restaurateurs with Alberta farmers. Those with at least three dishes that showcase local products are featured in the Dine Alberta guide and website. The trend toward eating locally is growing across the country. Programmes such as this build relationships between farmers and chefs. 'It really makes me feel good that I am supporting the family farm by buying local products,' says Chef Jasmin Kobajica of the Crowne Plaza, Chateau Lacombe, in Edmonton.

The Globe and Mail - Dirty veggies in a box - divine (12 September 2007) A family in Prince Edward Island, by joining a local organic farm's field-box programme, is part of a rapidly growing movement known as community supported agriculture. Every week families receive a wide variety of seasonally fresh fruits and vegetables. The programme gives them the satisfaction of supporting local farmers, cutting out the middlemen, and staying in touch with the true rhythms of nature. They also enjoy that 'it's flavourful and fun'. Each family's 'field box' represents one of the fastest-growing trends in North America, a return to local, answering to the desire of consumers everywhere for ways to keep their food dollars in their own communities, to make better, sustainable choices, and to help the environment.

Canadian Press - Cleanup initiative calls on Canadians to help spruce up country's shorelines (11 September 2007) Volunteers from coast to coast are scheduled to take part in the TD Great Canadian Shoreline Cleanup. Some 50,388 participants are registered to clean up more than 1,200 sites over eight days concluding 23 Sept. Organizers say it's not just about eliminating the eyesore of bottles and food wrappers from oceans and lakes. The event is also aimed at the threat of shoreline litter to seabirds and marine animals. Roger St. Louis, regional manager of TD's Friends of the Environment Foundation, said a growing environmental consciousness among Canadians has translated into a boost in cleanup involvement.

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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