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15 March 2008
24 January was the 24th day of the seventh month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
24 January 2008
The Globe and Mail on New Brunswick wind energy project (24 January 2008) Spanish wind energy giant Acciona Energy has signed a deal to build a 50 megawatt wind farm in New Brunswick, its fourth Canadian project. The installation, on Lamèque island off the province's north-east coast, is scheduled to be up and running by the end of 2009. It will have 33 turbines and generate enough power for about 9,000 homes. Acciona operates almost 200 wind farms in 12 countries.
CBC News - Ontario native groups pursue renewable energy business: AFN (24 January 2008) Assembly of First Nations (AFN) Grand Chief Phil Fontaine promoted the idea of developing renewable energy projects on First Nations' lands to industry executives with the Ontario Energy Association on Thursday. 'In addition to seeking a reserved allocation of energy contracts, we are seeking a venture capital fund for First Nations energy projects, or alternative loan guarantees from Ontario, to enable us to own a majority of the equity in each contract awarded,' he said. Fontaine's comments echo calls from other Ontario native leaders who say a lot of the new wind and hydro generation projects could be built on First Nations land with the profits flowing back to the communities. 'We're looking for new opportunities to strengthen our First Nations so they can enjoy greater economic prospects,' Premier McGuinty told reporters after Fontaine's speech. 'So I like the sound of that.'
The Globe and Mail - Premiers back stricter emission rules, Campbell says (24 January 2008) British Columbia Premier Gordon Campbell said 12 of the 13 premiers are ready to side with California rather than Washington over how fast to reduce vehicle emissions. The federal government announced last week that it is preparing regulations at least as strong as new federal rules south of the border, which require that vehicle fleets show a 22 per cent improvement in fuel economy by 2020. The Premier said the California approach translates into 315 million fewer tonnes of carbon emissions by 2020 compared with the Washington standards. 'California standards are pretty sensible,' Mr Campbell said. He noted the 12 premiers committed to the California standards when they met last summer and indicated last week's announcement from the federal government won't change their plans. Transport Minister Lawrence Cannon has said that Ottawa continues to study the California approach. Quebec, Manitoba, and BC have regularly advocated the proposed California vehicle emission standards. BC, Manitoba, Ontario and Quebec have also agreed to link up with US states that are placing absolute caps on industrial emissions.
CanWest News Service - Look at long-term environment picture, BC premier urges (24 January 2008) Canadians must rethink their approach to reviving sectors of the economy in the context of a changing climate and its impacts, BC Premier Gordon Campbell said Wednesday. 'If we become as well-known for planting trees as we are for cutting trees, we have an opportunity to expand our economy and (expand) the opportunities that people have and experience in this country,' Campbell said in an address to a conference about adapting to climate change. Campbell said governments in Canada should be looking at the long-term picture and work together. Campbell also reiterated his support for new standards proposed by California to reduce tailpipe emissions in new cars by 30 per cent over the next decade. 'We have to act quickly, we have to act directly,' Campbell said. 'The more we do now, the better off we'll (be) and the less impact, the less challenges we'll face in the future. I believe we should be adopting those (California car) standards. I think that it's important for us not to search for the lowest common denominator,' he said. Campbell also noted the premiers would discuss climate change when they meet next week in Vancouver.
The National Post - Fuelling desire for tiny cars (24 January 2008) A Quebec company, CVTech-IBC, will provide the automatic transmissions for Tata Motors' five-passenger car, the Nano, touted as the cheapest in the world with a sticker price of US$2,500. Indian automotive giant Tata expects to sell 200,000 to 250,000 units in the first year, and calls for annual sales of one million units in three to five years. CVTech signed an exclusive agreement with Tata Motors in 2004 to develop a new version of its continuous variable transmission (CVT) for the Nano. Industry watchers expect the Nano to stimulate the automotive market worldwide. Tata Motors is already in discussion to produce a Nano in China, chief executive Andre Laramee said. 'If they ever build one or more plants in China to produce the Nano, we would be talking about two million autos a year. I think that car is destined for a phenomenal success.' CVTech-IBX was one of the partners selected by Tata to develop the Nano, the dream of Ratan Tata, chairman of the Tata Group. One of the conditions by Tata from the start was that CVTech fabricate the transmission in India. The plant will assemble parts purchased from suppliers in India.
Reuters Canada on Toronto stocks surge on Thursday (24 January 2008) The Toronto Stock Exchange's main index was strongly higher on Thursday, pulled up by robust resource issues amid firm commodity prices. The index also reaped continued benefits from interest rate cuts in Canada and the US earlier in the week. The TSX Composite Index closed up 249.87 points, or 1.97 per cent, at 12,907.27 with all but two of its 10 main sectors in positive territory. The materials sector led the way up, gaining 4.7 per cent.
From a Bloomberg News report on this: Canadian stocks rose for a third day on confidence that demand for materials will stay strong. The TSX has rallied 6.4 per cent in three days. A measure of raw-materials shares has risen 10 per cent for its best three-day gain in more than eight years.
Bloomberg News on Canadian dollar gains most since at least 1971 (24 January 2008) Canada's dollar rose against the 16 most-actively traded currencies as increasing equities bolstered speculation the global economy will weather a slowdown, underpinning demand for commodities. 'Commodity currencies are doing very well as people are a little more optimistic about the global economy,'' said Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto. The Canadian currency increased 2.1 per cent from yesterday. One Canadian dollar buys 99.73 US cents. It was the biggest one-day gain since at least January 1971 when Bloomberg started tracking the data. 'The market is thinking the economy perhaps is not as rough as they thought before. The Canadian dollar is doing a lot better now,'' said Steve Butler, director of foreign exchange trading at Scotia Capital in Toronto.
CBC News on Bank of Canada on the economy in 2008 (24 January 2008) In its latest monetary policy update issued Thursday, the central bank now says GDP will rise by 1.8 per cent in 2008, down from its October estimate of 2.3 per cent. 'We will come through 2008 fine,' Bank of Canada governor David Dodge said at a news conference. Canadian GDP growth this year will largely be a result of home-grown demand, the central bank said—noting that commodity prices should remain high, real incomes should enjoy 'robust growth' and interest rates will be lower. The Bank of Canada forecasts that US GDP growth will start to pick up later in 2008, and with it, the outlook for Canadian exports will improve. So the bank has raised its Canadian growth outlook for 2009. Previously, the Bank of Canada was forecasting growth of 2.5 per cent next year. It now sees growth over the year of 2.8 per cent.
From a CanWest News Service report on this: Domestic demand in Canada is expected to remain strong, the bank said.
From a Reuters Canada report on this: Mr Dodge said the economy began the new year running above capacity and with a strong labor market. The bank can also afford to cut interest rates without fear of fueling inflation.
From a Bloomberg News report on this: Inflation will slow to 1.4 per cent in the second quarter, less than the bank's 2 per cent target and October's 2.4 per cent forecast, as a strong currency makes imports cheaper.
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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