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Good news report from Canada

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29 January 2008

10 January was the 10th day of the seventh month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

10 January 2008

The Canadian Economic Press - Canadian Housing Starts Hit Second-Highest Level in Two Decades (9 January 2008) Harsh winter weather in December slowed year-end residential construction but the housing industry still posted the second-highest number of starts last year in nearly two decades, according to the Canada Mortgage and Housing Corporation (CMHC). The agency said housing starts for 2007 as a whole are estimated at 229,600, surpassing 2006 levels. 'Growth in 2007 housing starts was driven by low mortgage rates, solid employment, income growth, and a high level of consumer confidence,' said CMHC chief economist Bob Dugan. CMHC said housing starts are expected to remain strong in 2008 at 214,300 units. That would mark seven consecutive years with 200,000 or more starts.

From a Canadian Press report on this: Bob Dugan said he expects Canadian homebuyers to keep their pocket books open in the months ahead. 'There's a lot of employment, a lot of wage growth out there,' said Dugan. Dawn Desjardins, senior economist at the Royal Bank, also sees the country's housing market remaining strong. Canada's economy is proving to be very resilient, she said. 'We're seeing very strong growth in many parts of our economy... .'

From another Canadian Press report on this: The value of building permits fell in November but remained above the C$6-billion mark for the seventh straight month. The total value of building permits from January to November hit C$68.1 billion, up 12.4 per cent from the first 11 months of 2006. Boosted by gains in both residential and non-residential sectors, the total was also 2.8 per cent higher than the previous annual record of C$66.3 billion set in 2006.

From a Financial Post report on this: 'Despite earlier concerns about the potential impact of the financial market storm on Canadian housing demand ... home building clearly remains a pillar of strength in the Canadian economy,' said Ritu Sapra, an economist with Toronto-Dominion Bank.

Statistics Canada - Building permits (10 January 2008) For the January-to-November period, the total value of non-residential permits reached C$26.6 billion, up 15.5% from the same period in 2006. The total has already surpassed the annual record of C$25.2 billion reached in 2006 ... Ontario (+ 26.1%) showed the largest cumulative increase in non-residential construction, followed by Alberta (+ 19.7%) and Quebec (+ 15.3%). The levels in Ontario and Alberta already surpassed their annual records reached respectively in 2005 and 2006. Low office vacancy rates in major centres, the increasing demand for health and nursing facilities and the vigorous retail and wholesale sectors contributed to generate an increase in non-residential construction projects. On a year-to-date basis, 22 out of the 34 census metropolitan areas showed gains. The largest by far (in dollars) occurred in Toronto, where C$12.0 billion worth of construction projects have been approved since the beginning of 2007, nearly C$2.0 billion more than the value from January to November in 2006. Construction projects for office buildings and new single-family dwellings were the largest contributors to the strong showing.

The Financial Post - New-home price leap beats forecasts (10 January 2008) New-home prices rose 6.1% on a yearly basis in November and 0.5% from the previous month, after rising 0.1 per cent in October, according to Statistics Canada. Economists had been expecting slightly lower increases in both cases. November's gain was led by a 3.5 per cent increase in prices for new homes in Halifax, Nova Scotia.

CanWest News Service - Retail spending up 4.1 per cent in third quarter (10 January 2008) Retails sales in Canada continued to grow, year over year, in the third quarter of 2007. Retail sales amounted to C$106.8 billion in the quarter, up 4.1 per cent from the same period in 2006, Statistics Canada said. Every major group posted gains. The biggest increase was seen in the category of health and personal-care products, where sales gained 7.9 per cent. The category of furniture, home furnishings, and electronics had a sales gain of seven per cent.

From the Statistics Canada report: The strength in the housing market continued to influence positively sales of furniture, home furnishings, and electronics. Within this category, sales of home furnishings were strong (+ 12.5%)... Sales of hardware, lawn, and garden products amounted to C$8.0 billion, up 5.0% from 2006. Within this category, hardware, and home renovation products increased 6.1% on the strength of lumber and other building materials (+ 7.2%).

The Associated Press - Canadian exports to China up sharply (7 January 2008) Canadian exports to China grew strongly last year. Exports rose about 27 per cent preliminary figures show, International Trade Minister David Emerson said following a ceremony to open a new commercial annex at the Canadian Embassy in Beijing, at the beginning of a trade mission to China, Mongolia, and Hong Kong. Emerson said Canada hoped to improve the trade balance with China with agreements boosting air transport, tourism, and investment.

CanWest News Service - Auto industry urges new mileage standards (10 January 2008) Senior representatives of Canada's auto industry are urging Ottawa to quickly adopt vehicle mileage standards that equal those passed by U.S. lawmakers last month. Officials with the five major automakers building vehicles in Canada and the Canadian Auto Workers union want the federal government to match U.S. standards, which require a 40-per-cent hike from current norms by 2020.

The Globe and Mail - Career horizon bright for 2008 (9 January 2008) The Canadian career horizon is looking particularly bright at the start of 2008, experts say. Recruiters and employers are reporting record hiring demand. Surveys also show that average wages are on the rise. The picture should remain rosy throughout the year, the experts say. Over all, 46 per cent of employers plan to boost the number of full-time permanent employees in 2008, according to a new survey of 281 hiring managers and human resources professionals by That's an increase from 42 per cent when the question was asked a year ago. Employees are likely to get a more sympathetic ear this year if they request more flexibility to balance their work and personal lives. CareerBuilder's survey confirms it: 46 per cent of employers say they will provide more flexibility in arrangements in 2008. It's not only about trying to keep prized talent happy, it's also about the bottom line. Forty-eight per cent of 355 employers in the United States and Canada surveyed last month by Watson Wyatt said that stress-related absences and presenteeism—employees who show up for work but are inefficient because they're under too much pressure—hurt their business performance. The survey also found 92 per cent are planning to increase spending on employee wellness programs and benefit plans in an effort to keep people on the job and healthy.

The Canadian Press - Polls suggests Harper, Dion, might want to lighten up this year (10 January 2008) A New Year's wish from Canadians to Prime Minister Stephen Harper and Liberal Leader Stephane Dion: lighten up and junk some of the partisan jousting. A Canadian Press-Harris-Decima survey conducted Jan. 3-6 offered a series of New Year's resolutions the two politicians might want to adopt. For Harper, 42 per cent of those surveyed said he should show more determination on improving the environment. That was the consensus across the country, across age groups and genders, and among supporters of all parties. Bruce Anderson, president of Harris-Decima, said the findings highlight the importance of the environment for Canadians. Anderson said about a quarter of respondents want their leaders to be more optimistic and less partisan. 'Partisanship is something that, for a long time, Canadians have been saying is one of the worst things about politics, one of the things that makes it work poorly.'

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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