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27 November 2007
14 November was the 14th day of the fifth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
14 November 2007
Bloomberg News - Canadian Stocks Rally a 2nd Day, Led By Teck Cominco, Suncor (14 November 2007) Canadian stocks rallied a second day on Wednesday, led by materials producers. The TSX Composite Index rose 69.40 to 13,774.54, with eight of its 10 main groups finishing higher. Measures of materials shares rose 2.5 per cent. 'It's very possible that we saw a turn in the market in the past few days,' said Ron Meisels, technical analyst and president of Montreal-based research firm P&C Holdings Inc. 'All our indicators tell us that it was very oversold and people were too bearish. This is when smart people come in and buy. We should have a strong year-end and a very good 2008.''
CanWest News Service on economic outlook index in October (14 November 2007) The main gauge of Canada's economic future improved slightly in October, on consumer spending and a resilient stock market, Statistics Canada said. The index of leading indicators rose 0.1%, with six of ten components increasing.
From a Canadian Press report on this: Housing starts and new orders returned to more normal levels after exceptional gains in September, while growth was sustained by consumer spending and the financial sector. The Toronto stock market continued to set new records. In addition to resources, there were notable gains in technology stocks.
From the Statistics Canada report: The underlying trend in household spending remained positive. Spending on durable goods rose another 0.6%, and auto sales remained strong in October. The personal sector was the driving force behind the growth in services employment in October.
Statistics Canada - Current economic conditions (14 November 2007) Output and employment continued to expand steadily, unfazed by the late-summer turmoil in credit markets and the rapid ascent of the Canadian dollar. The resiliency of the economy reflects a number of factors. While the turmoil in financial markets disrupted commercial paper in August, total short-term business credit grew steadily in August and September as borrowers switched to other instruments. The stock market recovered in September and October from small losses over the summer.
In no other sector was the resiliency of the economy to shocks better demonstrated than in manufacturing. Even after the exchange rate hit parity with the US, two indicators of manufacturing remained positive in October. The Business Conditions Survey reported that more manufacturers plan to expand than to reduce both output and payrolls in the fourth quarter. This was borne out by factory employment in October, which held onto its gain over the summer despite growing reports of shortages of both skilled and unskilled labour.
Household demand rebounded strongly in Central Canada in August and September. Quebec took the lead with a jump of almost 50% in housing starts in September. Retail sales saw an end to two straight monthly decreases. Housing starts in Ontario recovered to near their high set in January, while retail sales increased 2%, driven by a wide range of goods. At the same time, 30,000 more American tourists were visiting the province than in July, despite the higher Canadian dollar. Moreover, the higher Canadian dollar does not appear to have discouraged employment either, which picked up throughout the summer, stimulating labour income. In October, Ontario posted the strongest year-over-year increase in employment (up 2.5%) since July 2003. This represents 164,000 more jobs in the past 12 months.
The Globe and Mail - Ontario launches venture capital fund (14 November 2007) The Ontario government has unveiled a new C$165-million venture capital fund that will provide much-needed capital to start-up companies in the province. The fund is a partnership between the government and some of the province's largest pension managers and financial institutions. John Wilkinson, Ontario's new Minister of Research and Innovation, said the government is injecting C$90 million into the fund and is counting on the private sector to kick in another C$180 million. So far, Ontario Municipal Employees Retirement System, Royal Bank of Canada, the Business Development Bank of Canada, and Manulife Financial Corp. have invested a total of C$75 million.
The government is looking to cutting-edge companies to create new jobs by getting their discoveries to the market faster. Many of these start-up companies are too small to attract investor interest on their own. Mr Wilkinson said the new fund should get around that obstacle because investors will have a stake in a relatively large fund, which will in turn invest in individual start-up companies. 'Working together with sophisticated corporate and institutional investors, we can help Ontario's innovative thinkers take their ideas to the next level,' Premier Dalton McGuinty said. 'And that will generate prosperity and good, high-paying jobs for Ontarians in the future.'
CBC News - P.E.I. tourism marks good year (14 November 2007) Prince Edward Island tourism officials say the numbers are giving them reason to hope 2007 will be a turnaround year. Occupancy rates for the first nine months of 2007 are up 1.8 per cent. 'The great news for that is that the growth is provincewide,' said David MacKenzie, chair of the Tourism Advisory Council. 'The North Cape Coastal Drive, for instance, is up the highest, about 3.5/3.6 per cent. And Cavendish had a good summer, up 2.7 per cent.'
The Globe and Mail on new climate change poll (14 November 2007) A majority of Canadians, 57 per cent, believe Western Canada should receive compensation from the rest of the country if the costs of taking strong action on climate change fall more heavily on the region, according to a new poll by Environics. 'It's not the finding that one might have predicted,' said Keith Neuman, vice-president of Environics. But he said Canadians want strong action taken and believe there should be shared responsibility for dealing with it. According to the survey, 18 per cent of the public wants Canada to be the leading country in the world when it comes to taking action to fight climate change, and 49 per cent want it to be among the world's leaders.
The Canadian Press - 'Significant' Canadian content in final document prepped to tackle global climate change (13 November 2007) Canadian research makes a significant contribution to a report setting out the scientific groundwork for world government talks on climate change in the future, a top Canadian scientist said from Valencia, Spain where about 400 delegates from 140 countries are negotiating the final United Nations document on climate change. John Stone, a lead scientist with the Nobel Prize-winning Intergovernmental Panel on Climate Change (IPCC) is one of at least 40 Canadian scientists from government agencies and universities that have contributed to the final report expected to be released on Saturday. The report summarizes the work of 2,500 contributing researchers and hundreds of authors who reviewed and organized the data. 'The Canadian contribution is very significant. We've had some really top-rate people from the government, from universities, from the private sector, even,' said Stone, an adjunct research professor at Carleton University in Ottawa and a former Environment Canada climate science director. The document is important because it is approved by consensus, meaning that all participating governments subscribe to its findings. It will be the first point of reference for delegates to a major international conference next month in Bali, Indonesia, that will discuss the next stage in the global effort to combat climate change.
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.
Copyright © 2007 Global Good News(sm) Service
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