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Good news report from Canada

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24 February 2008

23 January was the 23rd day of the seventh month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

23 January 2008

The Canadian Press - Existing house sales to remain strong, realtors say (23 January 2008) Canada's resale housing market will remain at or near record levels this year, the Canadian Real Estate Association predicted Wednesday. The group said Multiple Listing Service (MLS) activity totalled a record 520,747 units in 2007, up 7.6 per cent from 2006 in the steepest increase since 2002, and this year's MLS transactions are forecast to remain solidly above 500,000. 'The results in 2007 show the strength and the affordability of the Canadian residential market,' stated CREA president Ann Bosley. The association sees three factors that it believes will support Canada's housing markets: consumer confidence, employment, and affordable interest rates. CREA economist Gregory Klump said the market is still forecast to be the second-busiest year on record in almost all provinces. Average prices are forecast to continue rising in record territory, but the increase is likely to be slower, to 5.5 per cent nationwide.

Bloomberg News on Canadian stocks rose a second day, adding to Tuesday rebound (23 January 2008) Canadian stocks rose for a second day on Wednesday, led by financial companies. The TSX added 16.50 to 12,657.38 in Toronto, building on Tuesday's huge gain, when the US Federal Reserve and the Bank of Canada lowered borrowing costs. Finance shares climbed for a second day, adding 3.8 per cent. The group rose the most in more than five years Tuesday.

From CBC News reports: The TSX soared 509 points on Tuesday—its biggest one-day point rise ever. Every sector ended the day in positive territory, led by information technology (up 3.9 per cent), golds (up 7.4 per cent), materials (up 8.4 per cent), metals and mining (up 5.7 per cent), and financials (up 3.7 per cent). The TSX said that it processed a record number of trades on Tuesday—1,030,720.

CanWest News Service - Flaherty says Canada in good shape to weather market storm (23 January 2008) Canada is in good shape to weather the global financial market storm, Finance Minister Jim Flaherty said Wednesday in a speech to the Canadian Business Council in the United Arab Emirates. 'Canada's economic fundamentals have remained strong in these uncertain times,' Flaherty said. To support his confidence in Canada's ability to weather the storm, he noted that the country is currently experiencing the second-longest period of economic expansion in its history, and that business investment is expanding for the 12th consecutive year, the unemployment rate is near its lowest level in 33 years and more Canadians are working than ever before. Also, he said Canada is one of the few countries in the world with sound public pension plans, and its government finances are in better shape than in any other major industrialized country—with both ongoing budget surpluses and a falling debt burden.

The Canadian Press on some economists say doom and gloom exaggerated (23 January 2008) Canada's construction industry, which employs about one million people from coast to coast, is one of the healthiest sectors of the economy. 'We're now doing our forecast for next year and construction is going to be the main driver of the economy,' says George Gritziotis of the Construction Sector Council. He ticks off an impressive list of major private and public sector capital projects on stream. He also notes that Canada will see between 210,000 and 220,000 new homes erected next year. 'Our biggest challenge is finding the workers to do all that work,' he says. The fact is, many parts of Canada's economy—perhaps most—will do just fine this year. Global Insight Canada's Dale Orr, whose growth forecast for 2008 is 2.1 per cent, notes that Canada's construction, service sectors, including business and financial services, and mineral extraction sector are expected to continue to expand this year. The Conference Board of Canada believes Canada will easily weather the storm, largely because with employment at an all time high, wages rising, and tax cuts adding stimulus, Canadians will simply spend their way into a sound economy. Pedro Antunes, director of forecasting for the Conference Board, also doesn't believe the Canadian export sector will suffer as much as many forecast—a key reason for his higher growth projection of 2.8%.

CBC News - Strong growth predicted for Winnipeg economy (21 January 2008) The latest Conference Board of Canada's outlook for cities expects Winnipeg to see real gross domestic product in Winnipeg grow by 3.4 per cent in 2008. Robin Wiebe, one of the outlook's authors, says strong transportation manufacturing numbers are fuelling the growth. 'An estimated 5.7 per cent job growth in the manufacturing sector—so that's very strong,' Wiebe said. The other thing that is 'very, very strong is the construction sector, both on the residential and on the infrastructure and non-residential side'. Wiebe expects the growth in Winnipeg is sustainable, as opposed to a 'bubble' that could eventually pop. 'The housing market is being driven by population growth and good solid employment conditions—then, a bubble doesn't exist.' Winnipeg posted growth of 3.9 per cent in 2007, the fastest since 1997.

CBC News - Ottawa tech sector breaks employment record (21 January 2008) More people are employed in Ottawa's technology sector than ever before. An annual survey by the Ottawa Centre for Research and Innovation found local technology companies employed 81,910 workers in January 2008, up three per cent from the year before. The survey also found that 135 new companies entered the local marketplace in the past year. Consequently, there are now 1,819 technology companies in the region, up from 1,803 in January 2007.

The Financial Post - Viterra says farmers optimistic (19 January 2008) Saskatchewan Wheat Pool, which now carries on business as Viterra, says farmers have pre-purchased about C$250-million worth of seed, crop protection and other products in advance of the coming growing season. That's about C$100-million more than Viterra had expected. 'This activity level provides one indication of the optimism in the farm community and the improved financial health of agriculture in Canada,' said Viterra's CEO, Mayo Schmidt.

The Canadian Press - Electrovaya launching low-speed electric car (23 January 2008) Toronto-based Battery maker Electrovaya plans to build a small, low-speed electric commuter car. The zero-emission Maya-300 is said to offer a range of 190 kilometres with a top speed of 55 kilometres per hour—'ideal for fleet operators in cities, universities, and parks as well as the many households with a second or third vehicle for urban driving within a local neighbourhood,' the company said. The two-seat vehicle's battery system can be recharged at standard electricity outlets. 'This marks a new era where affordable, zero-emission clean transportation solutions become available with sufficient range for daily local driving,' declared Electrovaya CEO Sankar Das Gupta.

Reuters Canada - Canadians found to be looking for healthier holidays (23 January 2008) Canadians are planning their 2008 vacations around staying fit and healthy eating, a new poll shows.'s Travel Forecast found that 52 per cent of Canadians plan to choose destinations where walking or being outdoors is an option, while 35 per cent said they would find a way to be active on their vacations no matter what. Maintaining a healthy diet while away is also a concern for travel-minded Canadians this year. The survey shows that 34 per cent of the 400 Canadians polled said they would do everything possible to avoid unhealthy foods while traveling and 18 per cent said they will prepare their own food to make sure they eat well.

The Canadian Press - Canada praised for preventing child deaths (22 January 2008) The president of UNICEF Canada is praising Canada for backing innovative programmes aimed at reducing child deaths in African countries. Canada's 'pioneering' role has saved children's lives, said Nigel Fisher. 'Canadian leadership is really perhaps the root of some of the reasons for optimism that we have.' The Canadian-supported programmes provide integrated primary care delivering life-saving health and nutrition services to some 17 million people in 11 West and Central African countries. Among the programmes, Canada is the leading donor of vitamin A in developing countries. With support from the Canadian International Development Agency, UNICEF has distributed some five billion vitamin A capsules to children under the age of five worldwide and estimates this has averted more than 2.1 million deaths since 1998. During his African tour in November, Prime Minister Harper vowed to double Canada's aid to Africa.

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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