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21 December 2007
30 November was the 30th day of the fifth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
30 November 2007
Reuters Canada - Toronto stocks get lift from buoyant financials (30 November 2007) The Toronto Stock Exchange's main index finished higher for the fourth day in a row Friday. The TSX composite index closed up 25.23 points at 13,689.12 with eight of the 10 main sectors higher. The financial sector rose 1.2 per cent on Friday. The industrials sector also provided buoyancy, gaining 1.5 per cent. The base metals sector was ahead 2.75 per cent.
From a Canadian Press report on this: Toronto's TSX composite index moved up 222 points or 1.64 per cent this week.
From a Bloomberg News report on this: The TSX has gained 1.7 per cent since 23 November. Toronto-Dominion Bank and other finance shares led the advance after reporting better-than-expected profits. A gauge of financial shares, the largest by value among 10 industry groups in the TSX, has gained 6.9 per cent since 23 November, its biggest weekly advance in five years. 'The tone is more positive today,' said Fred Ketchen, senior trader at Scotia McLeod in Toronto.
The Globe and Mail - Economic growth tops forecasts (30 November 2007) The Canadian economy fared better than expected in the third quarter as businesses boosted investments and people continued to buy and renovate homes. Statistics Canada said the country's gross domestic product expanded at an annual 2.9 per cent, well ahead of the 2.1 per cent economists had expected. The Bank of Canada had forecast growth of 2.5 per cent. The report suggests that robust domestic demand continues to outweigh weakness in exports. 'The lesson this year has been to not underestimate the underlying resiliency of Canada's economy,' said Douglas Porter, deputy chief economist at BMO Capital Markets. All told, domestic demand swelled 1.1 per cent, outpacing overall GDP. Housing continued to propel growth. Investment in housing has jumped 4.8 per cent over the past three quarters after a decline of 2.9 per cent in the preceding three quarters. Construction on new homes led gains, while renovation activity advanced 1.2 per cent—twice the pace of the second quarter. Businesses took advantage of a strong Canadian dollar to snap up cheaper equipment, a move likely to boost the country's productivity rate. Machinery and equipment investments swelled more than twice the pace of the second quarter and the fastest rate in 10 quarters.
From Canadian Press reports on this: A key to the third-quarter growth was that growth in business investment came in at 8.9 per cent, led by a 15.4 per cent jump in purchases of machinery and equipment.
From a Reuters Canada report on this: 'Perhaps the best news here is the strength in business investment. Business investment had been a little bit disappointing in prior quarters, and it's encouraging to see that the surge we saw in imports was largely driven by a run-up in machinery and equipment investment spending,' said Douglas Porter of BMO Capital Markets. Consumer spending remained the second biggest contributor to growth.
From a Globe and Mail report on this: Activity has been remarkably broad-based and continues to defy forecasts of a cooling, said Philip Cross, chief of economic analysis at Statistics Canada. 'In every sector, it's an impressive performance.' He counters the notion the economy is set to buckle, partly because firms have been diversifying their export markets and commodity prices are strong. 'I've been hearing that [softer growth is looming] for six years, and for six years I've just seen the economy putting up 3-per-cent after 3-per-cent after 3-per-cent growth. I haven't been waiting for a slowdown.'
Statistics Canada - Canadian economic accounts (30 November 2007) Continued strength in the housing market stimulated spending on household furniture and appliances. Consumption of services was up 1.1% in the third quarter, matching its pace in the second. Exports of goods and services increased 0.6% in the third quarter. . . . Exports of industrial goods and materials were up 4.5%, the strongest pace in a year. . . . Shipments of automotive products were up 2.0%, rebounding from two consecutive quarters of declines. Corporation profits before taxes increased 2.6%, the fastest pace in nearly two years. Profits were boosted by earnings in the banking sector. . . . retailers and wholesalers also fared well.
The Canadian Press - Royal Bank Q4 revenue and earnings rise five per cent: $1.32B on $5.62B (30 November 2007) Royal Bank of Canada, Canada's biggest bank, said it had net income of C$1.32 billion in the three months ended 31 October, compared with C$1.26 billion in the year-earlier period. Revenue was C$5.62 billion, up from C$5.35 billion. Fourth-quarter earnings in Canadian banking were up 33 per cent.
From a CBC News report on this: For the full year, Royal reported a record profit of C$5.49 billion on revenue of C$22.46 billion. The profit was up 16 per cent over 2006, while the bank's full-year revenue was up nine per cent. Royal's yearly profit was the highest reported by any Canadian bank in history.
Reuters Canada on British Columbia ups surplus (30 November 2007) The government of British Columbia hiked its budget surplus projection on Friday. The surplus for the 2007-08 fiscal year is now projected to be C$2.1 billion, up C$525 million from what was projected in the first fiscal quarter. Exports shipments have declined through 2007, but that was offset by growth in the domestic economy of the province and correspondingly higher tax revenues.
From a Canadian Press report on this: In her second-quarter financial update, Finance Minister Carole Taylor says British Columbia's domestic economy is showing robust growth.
The Canadian Press - Prime minister approves status change for native group in Newfoundland (30 November 2007) Prime Minister Harper took part in a ceremony in Newfoundland to mark Ottawa's decision to grant some off-reserve natives status under the Indian Act. The 7,800-member Federation of Newfoundland Indians, which represents nine band councils, has been without official status since the province joined Canada in 1949. When the negotiations started, both sides agreed that any agreement would not include land. But status under the act means funding for education, health, economic development, and other programmes. 'The agreement means that the Mi'kmaq of Newfoundland and Labrador will get the benefits and opportunities they deserve as First Peoples of Canada,' Harper said.
CBC News - N.B. First Nation land claim settled (30 November 2007) New Brunswick's Metepenagiag Mi'kmaq have settled a land claim with the federal government. Metepenagiag, also known as Red Bank, has a population of 520 people living on and off the reserve. The First Nation will be compensated C$1.4 million for about 66 hectares of land that was taken in the early 1900s. The funds can be used to buy up to 120 hectares of land within an area negotiated between the First Nation and the federal government. The land will be used by the community for business purposes. The settlement is crucial to developing Metepenagiag's economy and to forming private-sector partnerships, the First Nation's chief, Noah Augustine, said.
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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