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Good news report from Canada

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26 September 2007

18 September was the 18th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

18 September 2007

Reuters Canada - Stocks soar nearly 200 pts on Fed move (18 September 2007) The main index of the Toronto Stock Exchange soared almost 200 points in a broad rally on Tuesday as investors cheered a hefty half-percentage point interest rate cut in the United States. The TSX composite index rose 195.54 points, or 1.42 per cent, to close at 14,005.40—its highest level since the end of July. All of the benchmark index's 10 main groups finished the day higher. Materials jumped 1.94 per cent.

From a Canadian Press report on this: The metals and mines sector was the biggest sector advancer, up 3.35 per cent. The financial sector provided major support, up 1.27 per cent. The gold sector was up two per cent. The consumer discretionary sector was up 1.3 per cent. The TSX is up 8.5 per cent year to date.

Canadian Press - Canadian dollar hits heights it hasn't seen in more than three decades (18 September 2007) The Canadian dollar hit rarefied heights it hasn't seen in more than three decades Tuesday, rising almost a cent and a half to US$98.73, after the U.S. Federal Reserve cut interests rates. It was one of the biggest one-day jumps ever for the Canadian dollar. U.S. rates are falling while the Bank of Canada keeps Canadian rates stable, making the Canadian dollar more attractive to investors. The soaring loonie [popular name for the Canadian dollar] also reflects the strong fundamentals of the Canadian economy.

From a Bloomberg News report on this: This comes at a time when the Canadian economy is showing signs of strength. 'The equity market is rallying, and commodities are doing great,'' said Firas Askari, head of foreign-exchange trading at BMO Capital Markets in Toronto.

The National Post - Canadian office vacancy rates extremely low, CB Richard Ellis says (18 September 2007) One of the country's major commercial brokerage firms, CB Richard Ellis, says the national vacancy rate for downtown Class A office space in the third quarter dropped to an 'extremely low' rate of 4.7. That was down from 5.1% in the second quarter. The asking rent for downtown Class A space is now C$21.99 per square foot [per .093 square metre] per year, up from $20.84 per square foot per year last quarter. 'The Canadian industry's commercial real estate fundamentals continue to be strong and this is supported among other reasons by continuing high demand for office space in many markets across the country and the amount of new office space under construction,' says Blake Hutcheson, president of CB Richard Ellis. The company says there are 10 million square feet [929,030 square metres] of office space under construction across the country and that should help meet the growing demand among tenants. 'Even with the addition of a sizeable amount of new Class A office space, the Calgary market will still be a relatively tight market for some tenants because much of the new space coming to the market has already been leased,' says Mr Hutcheson.

Canadian Press - Motor vehicle sales slip in July but are expected to rebound in August (18 September 2007) New motor vehicle sales weakened in July, but are up about seven per cent from a year ago. This follows the strongest quarterly sales growth since 2001. Of the four provinces to record increases in July, Newfoundland and Labrador (up 3.4 per cent) and Saskatchewan (up 2.3) rebounded from June declines to continue their strong performance since the beginning of 2007. Preliminary industry data indicate new motor vehicle sales grew three per cent in August.

Canadian Press - Canadian retailers plan for bright future with consumers, make expansion plans (18 September 2007) Retailers maintained a bullish outlook for quarterly sales in Canada as several outlined plans for expansion, new product lines, and growth into the first quarter of next year during a conference on Tuesday. Canadian retail sales have shown surprising resiliency to market conditions. In the second quarter, sales hit the highest mark in nearly six years. 'I think everybody is very optimistic. There's no sign on the horizon that the stronger spending will decrease,' retail watcher John Winter of Toronto-based John Winter Associates said. Winter said retailers told him that back-to-school sales have shown clout, which generally means that an equally strong holiday shopping season is on the way.

Canadian Press - Shoppers to sell organic products (18 September 2007) Shoppers Drug Mart Corp. CEO Jurgen Schreiber says the drugstore giant will rework its health and living department with organic product lines. 'We will launch a very significant range of organic products in the first quarter' of next year, Schreiber told a retail conference Tuesday.

Canadian Press on Ontario campaign comments on local produce (18 September 2007) The three main Ontario political campaigns crossed paths on Tuesday at the province's biggest farming event. Progressive Conservative Leader John Tory proposed that public institutions be required to serve Ontario-grown produce. That would mean schools, jails, hospitals, and government buildings, among other institutions, would have to buy their vegetables and fruit from Ontario producers.

From a CBC News report on this: Jim Watson, Ontario's minister of health promotion, said a northern Ontario programme that provides fruit and vegetables to schoolchildren uses homegrown produce when it's in season.

The Globe and Mail - Canadian immigrant students outpace counterparts elsewhere (18 September 2007) Canadian immigrant teenagers performed about as well as their native-born peers on an international math test, but they vastly outshone their newcomer counterparts in other developed countries, according to the Organization for Economic Co-operation and Development. As well, Canada largely attracts educated newcomers, who tend to promote the value of schooling for their children. 'I think the data is quite convincing in that immigrant learners do succeed at a greater rate in Canada than they do in many other OECD countries,' said Raymond Th�éberge, director general of the Council of Ministers of Education, Canada, which co-ordinates with the OECD on education.

CBC News - Wind potential mapped on web (18 September 2007) Nova Scotia has unveiled an online map to show where wind turbines would be most productive, a move officials say will encourage more wind energy projects. Yves Gagnon, an expert in renewable energy who led the project, said the map shows a province rich with potential for wind energy. 'Nova Scotia has an exceptional wind regime, one of the best wind regimes in the world, and therefore wind energy should be developed to generate electricity,' said Gagnon, who holds the K.C. Irving Chair in Sustainable Development at the Universit�é de Moncton.

From a Canadian Press report on this: The Nova Scotia government is hoping to lure investors to what it says are some of the most promising wind sources in the world. Brendan Haley of the Ecology Action Centre praised the initiative and said it could lead to a reliance on renewable resources. 'What's wonderful about a wind-energy map is that it provides information for lots of communities across the province to become renewable energy producers themselves,' he said. 'By 2013, nearly 20 per cent of all Nova Scotia's electricity will come from green sources like wind,' Energy Minister Bill Dooks told an environmental conference in Halifax on Tuesday.

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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