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26 November 2007

13 November was the 13th day of the fifth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

13 November 2007

Reuters Canada - Toronto stocks jump on materials, financials (13 November 2007) The Toronto Stock Exchange's main index finished higher on Tuesday. The TSX composite index closed up 100.18 points at 13,705.14. The materials sector led the way up, climbing 2.6 per cent. 'We're seeing leadership out of the sectors that have really performed well on the year, namely in the materials space,' which means people are paying attention to fundamentals again, said Neil Andrew, associate portfolio manager at Leeward Hedge Funds.

From a Bloomberg News report on this: 'The market's upward trend is not broken,' said Pierre Bernard, vice president of equities at Montreal-based Industrial Alliance Fund Management Inc., which manages about C$13.6 billion. A measure of finance shares rose for a second day, gaining 1 per cent. 'I'm still positive on the banks: they're mostly in Canada,' Bernard said.

The National Post - Takeovers in Q3 second-highest on record (13 November 2007) The Canadian mergers and acquisitions market shook off the turmoil in global credit markets this summer and posted its second-largest showing ever in the third quarter. About C$91 billion in deals were done over July to September, compared with the record-breaking C$106 billion in the second quarter when mega deals such as BCE Inc. boosted the number. 'There's been a pause in the frantic buyout activity we saw earlier in the year,' said Ian Macdonell, managing director of investment bank Crosbie & Co., which conducted the survey. But he said it was still an impressive result. 'It was a strong quarter . . . . The second quarter was really the anomaly,' he said.

From a CBC News report on this: Canadian companies bought foreign firms more than twice as often as US companies bought Canadian, but the value of foreign acquisitions again exceeded that of Canadian acquisitions.

From a Canadian Press report on this: 'Positive factors that continue to drive M&A [mergers and acquisitions] activity include globalization, demographics, strong corporate balance sheets as well as a reasonably positive economic outlook,' Crosbie managing director Ian Macdonell said. With transactions worth over C$319 billion announced during the first three quarters of the year, 2007 has already surpassed the previous record high of C$257 billion set for the full calendar year of 2006.

From a Reuters Canada report on this: Mergers and acquisitions in Canada stayed buoyant in the third quarter and should remain so for the rest of the year.

CBC News - RRSP contributions hit new record in 2006 (8 November 2007) Canadians contributed a record amount of money to their registered retirement savings plans last year, Statistics Canada said. About 6.2 million taxfilers put away money in an RRSP last year, the highest since 2001. Contributions to the plans rose 5.8 per cent from 2005 to a record high of C$32.4 billion.

The Toronto Star on decreasing tax on economy over time (10 November 2007) Most other developed countries tax a larger share of their economy compared with 1990, but not Canada. Taxes are taking up a smaller share of the economy, thanks to a reduction in public debt and the growth in the economy. A comparison of 30 countries by the Organization for Economic Co-operation and Development (OECD) before the latest tax cuts, puts Canada's total of taxes and levies at 33.4 per cent of the economy, down from 35.9 per cent in 1990. Canada is one of five countries in the OECD to report a reduction since 1990. The decline was second only to that of the Netherlands. Meanwhile, the average tax load of member countries has risen from 33.9 per cent to 36.2.

CBC News - Calgary on track for record year of construction (13 November 2007) The value of construction projects planned in Calgary, Alberta in 2007 reached almost C$5 billion in October, surpassing last year's total. Building permits show the construction value to date sits at C$4.95 billion compared to C$4.76 billion at the end of 2006. 'The fact that we still have two months left in the calendar year, and have already surpassed last year's total construction values gives a clear picture of just how hot the building and development climate is in Calgary,' David Watson, general manager of the city's planning department, said. Office and warehouse projects are driving construction values up, totaling C$495 million in October, up 42 per cent from the same time last year.

The Calgary Herald - City to spend $75M to update parks (13 November 2007) Calgary will spend C$75 million on parks over the next five years after the city council extended the Legacy Parks program. 'It's important for the history of our city, it's important for the inner-city and what our downtown looks like and it reflects where I believe the priorities of our community really lie,' Mayor Dave Bronconnier said. Bronconnier said the money would also be used to continue work on the regional parks, including Ralph Klein Park and Haskayne Park. Haskayne Park is 146 hectares of green space in the city's northwest. The 30-hectare Ralph Klein Park is a significant natural wetland near the former town of Shepard, located on the southeast side of Calgary.

The Toronto Star - Toronto residents curbing water use (13 November 2007) Toronto residents are catching on to water conservation. Lou Di Gironimo, general manager of Toronto Water, told city councillors that water use continues to decline in the city. Toronto guzzled nearly 424 million cubic metres of water annually in the late 1980s. That fell to about 400 million cubic metres at the turn of the millennium, and dropped to 374 million cubic metres last year. Conservation measures such as water-efficient plumbing and appliances are having an effect. Peak water demand is also lower. Peak daily use was 2.2 million cubic metres in 2001, but declined to 1.957 million cubic metres this year, despite a very dry summer. Peak demand matters because it's what determines how big the city's treatment plants must be. Exaggerated, short-lived peaks—such as summer demand for lawn watering—mean the city has to build big plants that run far below capacity most of the year.

From a CBC News report on this: 'This is the second year in a row we are forecasting a decrease in consumption,' said Lou Di Gironimo. That saves the city money because less water has to be treated and pumped. It also cuts down on greenhouse gas emissions. 'This will lead to reduced electricity and chemical use at our water treatment plants and lessen the ecological footprint of producing potable water,' he said.

The Canadian Press - Ottawa pledges more money to improve water quality in Lake Winnipeg (7 November 2007) The federal government is pledging additional money toward efforts to clean up pollution in one of the largest lakes in Canada. Concerns have been growing about waste water and chemicals flowing into Lake Winnipeg in Manitoba. Environment Minister John Baird says the government will invest C$18 million over five years in projects aimed at finding the best ways to improve water quality, up from C$7 million in the last budget to help clean up the lake.

The National Post - At last, clean water (13 November 2007) The federal government is set to tackle: (1) pollution in the Great Lakes, and (2) the reality that a large amount of Canada's sewage is dumped raw into lakes, rivers, and oceans. Environment Minister John Baird is expected in the coming weeks to announce a 10-year plan to help the worst sewage-dumpers in the country build treatment plants to sanitize their waste stream before it is permitted to flow into nearby bodies of water. Since 1987, when Canada and the United States agreed to a Remedial Action Plan for the 43 most polluted sites around the Great Lakes—10 in Canada, 26 in the US— just two have been cleaned up. Last week, Mr Baird announced the government would make funds available to clean up Hamilton harbour, as well as the seven Canadian Great Lakes sites that have shown little or no improvement. Two Canadian sites are listed as 'recovering'.

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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