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Good news report from Canada

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10 January 2008

19 December was the 19th day of the sixth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

19 December 2007

The Canadian Press - Canadian inflation easing as strong dollar begins cutting into prices (18 December 2007) The strong dollar sliced into prices for everything from food to cars in November as the inflation rate showed signs of entering an easing phase. The big number for economists was that core inflation fell to 1.6 per cent last month from 1.8 per cent in October, well below the Bank of Canada's 2 per cent target. This continues a trend to lower inflation that began in July. 'Inflation is not the problem it was six months ago,' said TD Bank economist Ritu Sapra.

From a Toronto Star report on this: 'The big story was the fact that the core continues to fall like a stone,' said Michael Gregory, senior economist with BMO Capital Markets. 'Three months ago, it was a little over 2 per cent. Now we've got 1.6 per cent.' Vehicle purchase and leasing prices fell by 3.9 per cent. It was the largest 12-month decrease on record. Prices for fresh vegetables fell 11.1 per cent. Computer equipment and supplies fell by 14.9 per cent.

From Globe and Mail reports on this: The Bank of Canada uses the core rate as an operational guide because it tends to smooth out monthly volatility and be a better gauge of where future inflation trends lie. Retailers are expected to keep lowering prices, a move likely to keep inflation down in the coming months, noted Douglas Porter, deputy chief economist at BMO Nesbitt Burns. 'There's still plenty of room for further price cuts,' he said.

Bloomberg News - Canadian October wholesale sales rise more than twice the amount forecast (19 December 2007) Canadian wholesale sales increased more than twice as much as economists forecast in October, led by building materials and personal and household products. Sales rose 0.5 per cent to C$43.9 billion, Statistics Canada said. Wholesalers of household and personal products, ranging from electronics to cosmetics, posted a 2.5 per cent increase to C$2.95 billion. Sales of machinery and equipment rose 0.5 per cent to C$9.28 billion.

From a Reuters Canada report on this: In constant dollars, sales rose an even-stronger 2.0 per cent, with prices falling 1.5 per cent on the month, reflecting the appreciation in the Canadian dollar.

From the Statistics Canada report: Sales in the building materials sector increased by 2.4% in October to C$6.3 billion . . . sales in the lumber and millwork trade group jumped 11.3% in October to C$1.0 billion. . . . the majority of products sold by lumber and millwork wholesalers are destined for the Canadian housing market, where demand remains fairly strong.

The National Post - Canada's population tops 33 million; Saskatchewan growth rate overtakes Alberta (19 December 2007) As of 1 October 2007, Canada's population was estimated at 33,091,200, up 115,200 from 1 July 2007, Statistics Canada says. It is the strongest growth rate in six years. Immigration also remained strong with Canada receiving an estimated 71,600 newcomers, an increase not seen in more than 30 years.

The Canadian Press - It's hip to be square: Saskatchewan enjoys economic boom, hopes to avoid bust (19 December 2007) 'I think the whole province is feeling pretty good,' says Premier Brad Wall. 'It's a great time to be in Saskatchewan—period—whether you are in government, whether you are in business, whether you are really in any walk of life because it's our time.' Saskatchewan hasn't seen this type of prosperity since its inception in 1905. 'Saskatchewan is undergoing a period of tremendous growth and renewal,' says Larry Hiles, president of the Saskatchewan Economic Development Association. 'We're seeing growth throughout the entire province at this time and we're seeing people come back to Saskatchewan from other provinces.' This has pushed housing prices to unprecedented levels. The high commodity prices are helping farmers. 'With these prices, everybody is pretty optimistic right now. If you go to the elevators, everybody is in a decent mood for a change,' says Curtis Wass, who farms near McLean.

The Toronto Star on national net worth (18 December 2007) New numbers from Statistics Canada show the net worth of all Canadian households reached a new high of C$5.742 trillion in the third quarter, which is 6.5 times higher than their annual disposable income and part of a growing trend for most of the past 18 years. That means that, as a nation, Canadians are saving a lot more of what they earn.

Reuters Canada - Polls find Canadian shoppers are feeling generous (19 December 2007) Visa Canada's survey projected shoppers spending a record C$23 billion this year, or an average of C$1,061 per person, an increase of 14 per cent over last year, while Bank of Nova Scotia's spending study put the number at a lower, but still hefty, C$907. A booming job market, along with a solid economy, recent tax cuts, and a Canadian dollar roughly at par with the US dollar have convinced Canadians to open up their wallets, said Aron Gampel, Scotiabank's deputy chief economist. Scotiabank found that 78 per cent of respondents planned to do all of their shopping in Canada.

From a Toronto Star report on this: Holiday shopping is in full swing as a buoyant economy has put Canadians in a generous mood, two separate surveys show. The surveys show consumers are feeling confident about the economy, which isn't surprising given the strong growth in jobs and incomes this year, economists said. '2007 has been the best year for the Canadian economy since the late 1960s,' BMO Capital Markets declared in its annual economic report card. '. . . Canada still boasts stellar economic fundamentals,' BMO deputy chief economist Doug Porter said.

From a Financial Post report on this: 'When we asked why they were spending more, the number one answer was that they simply had more money to spend this year,' Visa spokeswoman Tania Freedman said. Since Christmas is the season for giving, sixty-three per cent of shoppers said they'll be making a monetary contribution to their favourite charities.

The Canadian Press - Being with loved ones is important at Christmas, getting gifts less so: survey (18 December 2007) Most Canadians appear to be in step with the adage that it's better to give than receive. A Canadian Press Harris-Decima poll conducted 29 November to 2 December has found that a remarkable 80 per cent of those surveyed say it's very important or somewhat important to give gifts at Christmastime. Only 39 per cent said it was very important or somewhat important to receive gifts. Being together with family and loved ones ranks highest at this time of year, with 92 per cent saying it's very important. 'Across generations, affection for the holiday is high, and the focus is on the values more than the commercial aspects of the holiday,' Harris-Decima president Bruce Anderson 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.

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Copyright © 2008 Global Good News(sm) Service

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