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15 January 2008
22 December was the 22nd day of the sixth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
22 December 2007
Bloomberg News - Canadian Growth in October Beats Forecasts; Retail Sales Rise Unexpectedly (21 December 2007) Canada's economy grew more than forecast in October, as manufacturing expanded the most since January 2006 and wholesalers gained for a sixth straight month, while retail sales rose unexpectedly. Gross domestic product advanced 0.2 per cent from September, Statistics Canada said. Economists in a Bloomberg News survey predicted 0.1 per cent growth as in the previous month. Retail sales gained 0.1 per cent in October to C$34.5 billion. Consumer spending has powered Canada's economic growth. Manufacturing rose 0.8 per cent during the month, rebounding from two consecutive declines, as an increase in foreign demand boosted production of durable goods. Wholesalers gained 1.5 per cent, the biggest monthly increase since May. 'Fourth quarter economic growth appears to be off to a reasonable start,' Jacqui Douglas, an economist with TD Securities, said. Meanwhile, the retail sales gain wasn't forecast by economists, whose median prediction was for overall sales to drop 0.4 per cent. Total retail sales increased 7.3 per cent in October from a year earlier.
From Canadian Press reports on this: Once price changes are taken into account, retail sales in constant dollars rose 0.5 per cent in October, indicating that there was an increase in the volume of sales.
Statistics Canada - Retail trade (21 December 2007) Eight provinces experienced an increase in retail sales in October. . . . the largest increase was recorded in the Atlantic provinces (up 1.4%). Prince Edward Island (up 2.6%) experienced the highest increase among all the provinces. The other Atlantic provinces—Newfoundland and Labrador (up 1.5%), New Brunswick (up 1.5%) and Nova Scotia (up 1.1%)—all experienced increases that were clearly superior to the national performance.
The Globe and Mail - Numbers give the lie to slowdown fears (22 December 2007)The conventional wisdom goes like this: Manufacturers are crumbling, consumers crossing the border are denting domestic retail sales, and economic growth has withered. However, that may all be wrong. Economic growth once again topped forecasts, rising 0.2 per cent in October in a month when a strong currency was supposed to have battered exports and sent shoppers on US spending sprees. Consumer spending and factory output were key drivers of growth. Annual growth is now running at 2.8 per cent, the fastest in more than a year, Statistics Canada said yesterday. That pace has accelerated from just 1.8 per cent at the start of the year, representing an extra C$13-billion in the economy. Of that, a full C$10-billion stems from a turnaround in manufacturing.
'The big turnarounds this year have been in manufacturing and wholesale,' said Philip Cross, chief of current economic analysis at Statscan. Despite all the talk of cross-border shopping, its actual impact has been 'minimal', Mr Cross said. Without cross-border shopping, retail sales would have been up 6 per cent over the last year rather than the 5.7 per cent the agency reported, he said. Factories boosted output by 0.8 per cent in October, and have expanded 1.2 per cent in the past year. Wholesale trade jumped 1.5 per cent, expanding for the sixth month in a row, amid cheaper imports. The construction sector is also ignoring calls for a slowdown. The industry advanced 0.1 per cent in October on busy activity in non-residential building and repair work. It's expanded 3.9 per cent in the past year, defying predictions that the sector was set to slow.
Yesterday's data were the latest in a string of economic reports this year that have sped past forecasts. 'The Canadian economy managed to top consensus forecasts in each of the first three quarters of the year,' said Douglas Porter, deputy chief economist at BMO Nesbitt Burns. 'The overriding message is that the economy remains resilient as the year winds down, despite the many stresses at play.'
The Financial Post - TSX roars into the holidays (21 December 2007) The TSX composite index ended the week with a bang, climbing 1.41%, or 189.08 points, to close at 13596.09 Friday. BlackBerry-maker, RIM, rose more than 10% after announcing another quarter of better-than-expected results.
From a Reuters Canada report on this: All but one of the TSX's 10 main sectors ended in positive territory.
From a Bloomberg News report on this: Canadian stocks had their biggest gain since 28 November. A measure of computer-related shares climbed 7.4 per cent, taking its advance this year to 53 per cent. A measure of raw-materials producers added 3.7 per cent for an annual gain of 23 per cent. The two are the best-performing among 10 industry groups in the TSX this year.
Statistics Canada - Payroll employment, earnings, and hours (21 December 2007) In October, the average weekly earnings of payroll employees (seasonally adjusted) climbed C$4.04 (up 0.5%) from September to C$776.48. The year-to-date growth, calculated as the average of the first 10 months of 2007 compared with that of the same 10 months in 2006, was 3.1%. In Canada's largest industrial sectors, year-to-date earnings growth as of October was 0.4% in retail trade, 3.5% in manufacturing, and 3.5% in health care and social assistance. Nationally, the number of occupied payroll jobs climbed 57,900 (up 0.4%) in October to 14,426,000. Overall, payroll employment has grown by 208,300 (up 1.5%) since the beginning of the year.
CBC News - Trans fat levels on downward trend, Ottawa says (20 December 2007) The federal government announced a twice-yearly trans-fats monitoring programme in June, when it called on the food industry to add the lowest levels of trans fats to their products, based on the recommendations of a Trans Fat Task Force. Those foods that were tested as part of the programme included top-selling brands of pre-packaged foods sold in grocery stores and restaurant fast foods. 'This data shows us that in all food categories that were analyzed, there are many successful examples of trans fat levels being reduced,' said Federal Health Minister Tony Clement. 'This is great news, but we still have work to do as some foods continue to have trans fat levels that are too high.'
From a Canadian Press report on this: If the industry fails to meet the task-force recommendations by June 2009, Mr Clement said, Ottawa will force them to.
The Toronto Star on Ontario Aboriginal Affairs Minister's new approach (22 December 2007) Minutes after announcing that Ipperwash Provincial Park would be returned to natives, Ontario Aboriginal Affairs Minister Michael Bryant hopped in a small plane and flew there. Bryant is a man in a hurry to get things done. And flying to the shores of Lake Huron to visit the Chippewas of Kettle and Stony Point First Nation—who have endured losing their land—was a priority. 'Now, finally there's some hope that instead of it being a bad memory, it's yet again the source of something positive in this area,' Bryant said in an interview from the First Nation. 'For me, the biggest factor in advancing these issues is that the premier has put aboriginal affairs on the front burner of the government,' said Bryant. 'Personally, my priority is I want to assist in creating more jobs, better economic opportunities, less dropouts, and more graduations for First Nation and M�étis people, and with that will come the kind of prosperity that the middle class tends to enjoy,' Bryant said. Instead of getting bogged down in constitutional morasses, where fears of setting legal precedents can derail progress, Bryant is advocating 'a radically different approach, where we're not going to wait for the courts to tell us what to do', Mindful of the untapped potential in native communities, Bryant's voice rises in excitement with the sense of possibility for 'enormous economic opportunities'.
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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