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21 October 2007
A summary of good news received today on the growing positive trends in Canada reports that 12 October was the 12th day of the fourth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
12 October 2007
Bloomberg News on Canadian stocks rise for fifth week (12 October 2007) Canadian stocks rose on Friday, pushing the main index to a 14-week high. The TSX Composite Index climbed 66.42, or 0.5 per cent, to 14,295.86, the third-highest since its July 19 record. Financial shares, seen as bellwether for the broader economy, rose 0.36 per cent as group. The benchmark index achieved its fifth straight weekly gain. A measure of raw-materials producers, which accounts for 18 per cent of the TSX's value, has gained 3.7 per cent since Oct. 5, rallying for an eighth straight week. 'Canadian stocks are rallying on global economic growth and demand for commodities,'' said Donald Coxe, global portfolio strategist at BMO Financial Group in Chicago.
From a Reuters Canada report on this: The TSX information technology sector rose 1.6 per cent on Friday. The TSX Composite Index has climbed in seven of the past eight weeks. It has gained nearly 9.6 per cent over that period.
The Canadian Press - Non-residential construction boom runs through fourth straight year (12 October 2007) Investment in non-residential construction rose again in the third quarter, marking four straight years of growth in the sector, Statistics Canada said. Construction of major office buildings in Alberta, Quebec, and Ontario helped push investment up 4.9 per cent from the previous quarter, to C$10.4 billion. The increase was due mainly to the commercial sector, where investment rose 5.2 per cent to C$6.2 billion. In the institutional component, investment rose 5.3 per cent to C$2.7 billion, while investment in the industrial sector was up 3.1 per cent to C$1.5 billion. Strong investment gains in industrial buildings were made in nine provinces, particularly Ontario and Quebec. The agency said the overall non-residential building boom is driven by the strong labour market, high corporate profits, healthy retail and wholesale sectors, declining vacancy rates in large urban centres and Western Canada's dynamic economy.
Statistics Canada - Investment in non-residential building construction (12 October 2007) Overall, eight provinces and two territories recorded increases, but the biggest gains, in dollars, occurred in Ontario and Quebec. In both provinces, investment rose in all three components, reaching new record highs. Of the 34 census metropolitan areas (CMAs), 23 showed gains in the third quarter, with Toronto, Calgary, and Montreal showing the largest increases (in dollars). Calgary and Montreal both set a new quarterly high. Investment in commercial building construction hit another record high ... Overall, seven provinces showed gains in commercial investment in the third quarter. Alberta ( 7.8% to C$1.6 billion), Ontario ( 4.2% to C$2.2 billion), and Quebec ( 5.9% to C$909 million) experienced the largest investment growth (in dollars), and each set a record high. Investment in institutional building construction increased for the third straight quarter. This robust gain was largely the result of strong spending on the construction of educational facilities in seven provinces. Provincially, the biggest third-quarter increase (in dollars) occurred in Quebec, where investment rose 16.4% to C$491 million, the third straight quarterly gain.
The Canadian Press - Solid economic growth expected for rest of 2007 and 2008: RBC (12 October 2007) Canada's economy should grow by 2.8 per cent in the final half of 2007, according to the latest forecast from the Royal Bank's RBC Financial Group. The bank says strong consumer and business spending will more than offset export-related weakness resulting from the high Canadian dollar. Craig Wright, vice-president and chief economist of the bank, says Canada should continue to sustain relatively solid growth through 2008.
From a Globe and Mail report on this: The bank notes that strong demand for Canadian natural resource products has produced a surge in prices. Combined with an unemployment rate that is at a 30-year low and solid wage gains, this has sharply boosted Canadians' disposable incomes, helping fuel the pace of both consumer and business spending, the bank said.
Reuters Canada - Outlook trumps mere earnings numbers (12 October 2007) Canadian companies are expected to record a healthy but not earth-shattering jump in earnings in coming weeks, but investors are already looking past the bare numbers to the corporate outlook. Headwinds are expected to b offset by firm commodity prices and continued strong performances from the heavily weighted financial index. What bodes well for the expectations leading up to this quarter's earnings rush is that very few Canadian companie have 'pre-warned.' This, analysts note, usually indicates that there will be few surprises. 'Overall earnings are going to continue to be good,' said Kate Warne, Canadian market strategist at Edward Jones, in St. Louis, Missouri ' ... overall the lack of pre-announcements and the lack of bad news in advance of this earnings season suggests to me that most companies should come in at or above expectations.'
Bloomberg News on Canada's dollar has longest rally of weekly gains since May (12 October 2007) The Canadian dollar rose on Friday to to close at $1.0278 and earlier touched $1.0290, the highest since October 1976. The currency rose 0.9 per cent this week for a sixth straight weekly gain, its longest rally since May. 'The Canadian dollar has more upside,' said Steve Butler, director of trading at Scotia Capital in Toronto. 'The commodity surge and the strength in the Canadian economy' will bring more gains, he said.
The Globe and Mail - Getting more bang for the buck (12 October 2007) Canada's strong dollar is beginning to have an effect on import prices, especially when it comes to passenger cars. Dealers importing vehicles into Canada paid 8.3 per cent less for U.S. passenger cars in August than they did in May, according to data from Statistics Canada. Prices in August were 3.1 per cent lower than in July, and the drop in September will likely be even larger, said David Wolf, chief economist at Merrill Lynch Canada. Wholesale prices for imported goods more generally are gradually edging down too. Over the past year, Canadian-dollar prices for goods imported from the United States have fallen 15 per cent. 'Retail prices, which have only started to tilt down, are unlikely to be far behind,' Wolf said. The Canadian dollar has now appreciated 20 per cent since the beginning of 2007. Much of that climb was in September, and so is not reflected in the August import prices.
The Canadian Press - B.C. capital buildings a green beacon for those battling climate change (12 October 2007) The lights that illuminate British Columbia's legislature have been replaced with leading-edge, energy efficient bulbs which use up to 75 per cent less electricity, as the province carves itself a place in the front lines of the war on climate change. The legislature's exterior incandescent bulbs have been replaced with three-watt cold cathode florescent lights, known as CCFLs. The new cold cathode bulbs also have other advantages over standard compact flourescents. They have a warmer tone than CFLs and current generation LED lights, are unaffected by being turned off and on, and are mercury-free. The new light bulbs have an expected life of about 25,000 hours, compared to incandescents with a life usually rated in hundreds, or a few thousand, hours. In the fall session that begins Monday, the government plans to introduce the first laws in Canada to set targets and require B.C. to reduce greenhouse gases by 33 per cent below current levels by 2020. 'Carbon emissions and greenhouse gas emissions are an invisible, insidious, and unyielding force that threaten much of what we love about where we live,' Premier Gordon Campbell told municipal leaders last month. Legislation in coming weeks will make B.C. the first jursidiction in Canada to legally require its government ministries and agencies to be carbon neutral by 2010. 'No ifs, ands or buts,' said Campbell.
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: www.globalgoodnews.com/invincibility.
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