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Report from Canada: Good news

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28 September 2007

20 September was the 20th day of the third month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

20 September 2007

Bloomberg News - Canadian July Wholesale Sales Rise Four Times More Than Forecast to Record (20 September 2007) Canadian wholesale sales rose four times faster than forecast in July to a record, on a rebound in automobiles and machinery. Sales advanced 2 per cent to C$44.1 billion, for the third straight monthly increase, Statistics Canada said. 'It's clearly a strong report card for Canada's economy,' said Sal Guatieri, an economist at BMO Capital Markets in Toronto. 'It seems to have pretty good momentum going into the third quarter.' The Canadian currency's rise has made imported goods cheaper and boosted demand for wholesalers to bring in shipments. Wholesale car and truck sales rose 6.2 per cent in July to C$6.73 billion. Machinery and equipment rose 6.1 per cent to a record C$4.72 billion.

From a Canadian Press report on this: Sales in constant prices, which take price fluctuations into account, rose 2.5 per cent in July.

Statistics Canada - Wholesale trade (20 September 2007) Sales in the machinery and electronic equipment sector rose for the third consecutive month in July, up 2.8% to a record high of C$9.5 billion. Of the three trade groups making up this sector, wholesalers of machinery and equipment were the main beneficiaries of the rise, as sales in this trade group jumped 6.1% in July to C$4.7 billion. July's increase in the machinery and equipment trade group brought sales to a new high, eclipsing the previous peak reached in March 2007. As most of the machinery and equipment sold in Canada is imported, businesses have been able to take advantage of the strength of the Canadian dollar to purchase equipment at a lower price.

The personal and household goods sector registered its biggest increase (up 4.0%) in 2007, reaching C$6.5 billion. Apparel wholesalers had another strong month, as sales rose 4.4% in July following a 5.9% increase in June. . . . sales of household and personal goods resumed their upward momentum in July, rising 2.2%. This was the fifth increase in 2007 for this trade group. With sales rising at an even faster pace in July, the inventory-to-sales ratio declined from 1.25 in June to 1.23 in July, its lowest level in four months. The inventory-to-sales ratio is a key measure of the time, in months, that would be required to exhaust inventories if sales were to remain at their current level.

Bloomberg News - Canada's Dollar Reaches Parity With U.S. Currency First Time Since 1976 (20 September 2007) Canada's dollar traded equal to the U.S. currency for the first time in three decades on Thursday. The Canadian dollar closed at 99.87 U.S. cents, up 1.37 cents from Wednesday. The move to parity marks a milestone for the currency. Parity also symbolizes Canada's emerging clout in the world economy. 'Canadians should understand that this is a badge of confidence in our country,'' said Frank McKenna, deputy chairman of Toronto-Dominion Bank, and a former ambassador to the U.S. The IMF forecast in April that Canada's economy will be the fastest-growing among the Group of Seven nations in 2008. So far, growing demand for commodities and other industrial goods produced in Canada is more than offsetting the slump in manufacturing. Exports in July were up 29 per cent to the European Union and 65 per cent to China.

From a Canadian Press report on this: The loonie [popular name for the Canadian dollar] has recently been on a spectacular runup from 95 cents at the start of September and from under 90 cents last spring. 'You're getting a stronger Canadian dollar on positive economic news out of Canada, rising commodity prices, improving interest rates spreads,' said Craig Alexander, deputy chief economist at TD Economics. Importers will win big as the costs of bringing goods into Canada gets cheaper. It could also benefit consumers. 'It is showing up in some areas like gasoline prices [and] retail areas like clothing and footwear,' Alexander said. The high dollar is also a boon to Canadians travelling in the U.S.

From a Globe and Mail report on this: The Canadian dollar will push beyond parity with the U.S. dollar in coming weeks, dealers said on Thursday. Its move higher has been sudden. Just two weeks ago, a Reuters poll of foreign exchange strategists forecast the currency would back away from a bid for parity. 'I think the road forward now, the fundamentals are so strong that we'll see Canada continue to strengthen,' said Steve Butler, currency strategist at Scotia Capit in Toronto. Gareth Sylvester, senior currency strategist at HIFX Plc in San Francisco, said a strong economy had been the original catalyst for the Canadian dollar rally.

Reuters Canada - Canadians express delight and pride in soaring dollar (20 September 2007) A straw poll of Canadians in central Ottawa showed their mood was as bright as the sunny weather. 'How can you be Canadian and not be proud of the performance of the country, which is what the dollar is reflected in?' said one respondent. 'The Canadian dollar was psychologically undervalued for a long time and I think it means the world is perceiving us to be in pretty good economic shape,' said another.

Reuters Canada - Hydro-Quebec gets rush of wind-power proposals (20 September 2007) Hydro-Quebec has received 66 bids from developers to supply 7,724 megawatts of wind-generated electricity, almost four times the amount sought in its tender call for 2,000 MW of wind power. The Quebec government-owned utility, which generates and distributes most of the electrical power in the province, also exports power to the U.S. Northeast and Ontario.

The Globe and Mail - Small methane plant helps Greater Victoria approach Kyoto targets (20 September 2007) The communities making up Greater Victoria [British Columbia] have nearly met the Kyoto greenhouse gas reduction targets with one small power plant. The Hartland Landfill generation plant captures methane gas from the region's garbage and transforms it into electricity. The methane is the byproduct of decaying organic matter. Although the generator's output is sold to B.C. Hydro, it's not a big money-maker for the regional government. The point is to cut methane pollution. The Hartland plant removes the equivalent of 80,000 tonnes of carbon dioxide from the air, the same as taking 18,600 vehicles off the road. A similar plant is running in the Lower Mainland, consuming methane from garbage from Vancouver and Delta. A third plant is going into operation in Nanaimo in the next few weeks. 'We are looking at additional opportunities to capture methane gas from landfills,' Environment Minister Barry Penner said.

Canadian Press - Vancouver challenges its citizens to buy and eat locally (19 September 2007) A Vancouver couple who spent a year eating only food that they could source within 100 miles (160 kilometres) has inspired a remarkable drive to persuade others to buy local produce. September has been proclaimed 'Eat Local Month' by the City of Vancouver as an official challenge aimed at its citizens. The city is not alone in staging what they envision will be an annual event. 'Eat local' challenges are becoming a popular way to encourage communities to get to know their local food systems. It is also aimed at making a positive contribution toward reducing climate change in terms of greenhouse gases emitted. The eat local challenge is an effort to focus the public into thinking about where their food comes from, says Karin Schreurs of the Granville Island Market, a large facility in Vancouver. 'On average when you buy groceries your food has travelled at least 2,400 kilometres,' she says. 'But by being more conscientious it is possible to purchase food that is grown right in your province and hopefully as close as possible to where you live.'

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:

Copyright © 2007 Global Good News(sm) Service

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