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Report from Canada: Good news

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24 September 2007

15 September was the 15th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

15 September 2007

Reuters Canada - Canadian factory shipments rebound in July (14 September 2007) Canadian factory shipments rebounded sharply in July, for the fifth gain in six months, and new orders soared to a record high, Statistics Canada said. Canadian manufacturing shipments rose a sharper-than-expected 2.3 per cent in July from June to C$50 billion, the highest level since March and more than twice the market forecast. New factory orders jumped 3.2 per cent in July to a record high. Deliveries were also up a healthy 4.6 per cent in volume. 'The robust rebound in July will certainly boost second-quarter GDP in Canada,' said Millan Mulraine, economics strategist at TD Securities.

Statistics Canada - Monthly Survey of Manufacturing (14 September 2007) Using constant dollars, which take price fluctuations into account, the volume of manufacturing shipments increased 4.3% to C$46.1 billion. This was the eighth increase in the past ten months, pushing the volume of shipments to the highest level since December 2005. Additionally, the 4.3% jump was the largest increase in almost four years. Motor vehicle manufacturers saw a 17.8% jump . . . the resurgence in Ontario's transportation equipment industry helped to pull shipments up as a whole. Computer and electronic product manufacturers also surged 20.9% . . . . Durable goods manufacturers reported a 3.7% increase in shipments, the first increase in four months. Unfilled orders gained 2.9% to C$51.6 billion in July, for a 10th consecutive monthly increase. The trend for unfilled orders has been steadily improving since last summer . . . . Unfilled orders may be considered an indicator for future shipments.

Bloomberg News - Canada's dollar reaches 30-year high, spurs parity speculation (14 September 2007) Canada's dollar rose for a fifth day on Friday to 97.09 U.S. cents from 96.70 U.S. cents Thursday. The commodity boom, sparked by demand from countries including India and China, has helped the currency surge. The boom has driven unemployment in Canada to the lowest since 1974.

From another Bloomberg News report on this: Canada's dollar rose above 97 U.S. cents for the first time in 30 years on Friday as surging commodities prices lifted the nation's exports and economic growth. The currency posted the biggest weekly advance against its U.S. counterpart since September 1998, with a gain of 2.5 per cent.

From a National Post report on this: So far, Canada has an economy that is showing few signs of weakening; employment rates, wages, and profits are still rising.

From a Globe and Mail report on this: A report showed manufacturing shipments unexpectedly jumped to a four-month high. That adds to healthy reports lately on housing, jobs, and trade.

Bloomberg News - Canada stocks post weekly gain (14 September 2007) Canadian stocks notched their third weekly gain in four. The TSX Composite Index gained 3.21 to 13,846.41 on Friday and rose 1.4 per cent for the week.

CBC News on resale home prices in August (14 September 2007) The average price of a resale home in Canada's major markets slipped in August, but remained 11.2 per cent above those of August 2006, according to the Canadian Real Estate Association (CREA). Prices in all major markets are up over a year ago. Saskatoon (in Saskatchewan province) continued to be the hot spot. In August, the average resale home was up C$8,100 from the previous month. In Sudbury (Ontario), the price rose almost C$10,000 in a month and is up 26.7 per cent in a year.

From a Canadian Press report on this: Average prices hit all-time highs in Saskatoon, Sudbury, Windsor (Ontario), as well as St. John's (Newfoundland and Labrador). The high prices do not seem to be deterring home ownership rates, as census data released earlier this week indicated that nationwide, the home-ownership rate continued to climb. Benjamin Tal, an economist with the Canadian Imperial Bank of Commerce, predicted overall prices will continue to rise over the next year.

From a CanWest News Service report on this: The article reported that ' ... the housing market continued at near-record levels because the Canadian economy is strong, and two factors that influence housing—employment and consumer confidence6mdash;are strong,' said Gregory Klump, chief economist at CREA. 'With a higher supply and continued strong demand, we anticipate the re-sale housing market will remain strong and steady for the balance of the year,' said CREA president Ann Bosley. 'This is a housing market built on good fundamentals, including good lending practices.'

Canadian Press on resilience of economy (14 September 2007) Many economists believe Canada may be in the best position it has ever been to withstand the headwinds. In Canada, the economy floats above the fray. In a report issued Thursday, Bank of Montreal economist Sal Guatieri listed four factors why Canada will likely weather a storm better than in the past. Real interest rates remain benign, well under their four-decade norm. Secondly, strong growth in China, India, and other developing economies will continue to provide support to Canada's resource sector. As well, Guatieri notes that corporate balance sheets are in the best shape in decades. And the sound fiscal positions of both the federal and provincial governments in Canada allow finance ministers to step in with additional spending or tax cuts if conditions worsen. Guatieri said, ' ... the strong economic fundamentals should keep Canada in decent shape.'

The Globe and Mail - Sun continues to shine on B.C. economy (14 September 2007) The sun continues to shine strongly on the British Columbia economy. Finance Minister Carole Taylor delivered a first quarter report that forecast a provincial surplus four times higher than originally estimated, C$1.6 billion, up from the C$400 million dollars predicted when the budget was tabled in February. 'British Columbia is steady as she goes,' Ms. Taylor told a news conference. 'The numbers look very strong' (although Ms. Taylor also said she would remain prudent).

From a Reuters Canada report on this: Annualized growth in GDP in B.C. has been 3 per cent so far in 2007. Total debt is down C$2.1 billion from February's forecast. Finance Minister Taylor said the 2008-09 budget will likely include tax changes aimed at meeting B.C.'s pledge to cut greenhouse gas emissions 33 per cent by 2020. The province already offers tax incentives to purchase hybrid cars and produce wind power, 'but we can do more', Taylor said.

Canadian Press - Quebec joins other provinces in attacking junk food in schools (14 September 2007) French fries, soft drinks, and other types of junk food will soon be gone from Quebec schools as the province joins other jurisdictions in Canada taking aim at childhood obesity. Premier Jean Charest announced that food with little nutritional value will stop being offered in pre-, elementary, and high schools starting in January 2008. School vending machines will have their sugary sweets replaced by healthier fare, such as yogurt, fruits, and juice. Quebec's education minister said the government's policy should have an impact on students' performance. 'A child who is well fed, that has a balanced diet, increases their capacity to concentrate, increases their intellectual capacity to absorb information, and certainly improves their memory,' said Michelle Courchesne. Charest said schools not only have to offer healthy food and exercise, but parents need information to make the right choices for their children. British Columbia and Nova Scotia are among those provinces that have already instituted similar policies.

From a Montreal Gazette report on this: 'The fundamental objective we are pursuing is improving the health of Quebecers,' provincial Health Minister Philippe Couillard said. 'That's the government's role, but it is not just the government's role. It starts in the home also, in the workplace. Doing it in the schools is absolutely essential.'

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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