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31 March 2008
29 January was the 29th day of the seventh month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
29 January 2008
The Canadian Press - High-end jobs put shine on economy (29 January 2008) The Canadian economy created an abundance of high-paying, high-quality jobs last year, says a new study by the Canadian Imperial Bank of Commerce. The bank said that the economy created an impressive 400,000 new jobs last year and the vast majority of them were in high-paying sectors. 'It seems that in Canada the loss of manufacturing jobs is being offset by job gains in sectors with equivalent and higher employment quality,' said the bank. 'The combination of rising employment and improving quality is a sure recipe for rising personal income, which as of the third quarter of 2007, rose by more than six per cent (over 2006).'
From a Globe and Mail report on this: The report is based on CIBC's employment quality index, which measures the value of jobs created based on compensation and stability. The CIBC index rose 2.8 per cent in 2007, its largest annual jump since 1999. 'In the current storm of bad news, the Canadian labour market has been an island of stability,' said Benjamin Tal, author of the report and senior economist at CIBC World Markets.
From a Reuters Canada report on this: 'With the index currently at its highest level in more than 18 months, we expect the level of employment quality in Canada to remain elevated enough to support healthy income gains and further shield consumers... ,' Mr Tal said.
Bloomberg News on Canadian stocks rose for second day Tuesday (29 January 2008) Canadian stocks rose a second day this week on Tuesday. The TSX Composite Index added 59.53, or 0.5 per cent, to 13,046.43 in Toronto. The benchmark has risen five of the past six days, climbing 7.5 per cent. A measure of banks and insurers rose 1 per cent today, taking its rally since 21 January to 7.8 per cent. The railroads lifted a measure of industrial shares 2.6 per cent, the most among the TSX 10 industry groups Tuesday.
From a Financial Post report on this: A calmness has settled over Canadian equity markets through Monday and Tuesday.
The Globe and Mail - Commodities continue to rack up double digit gains (28 January 2008) The Bank of Nova Scotia's commodity price index ended the year with a 10 per cent increase, making 2007 the sixth consecutive year of rising commodity prices. In five of the last six years commodity prices have posted double-digit increases. And the indications are that the index, which tracks price trends in 32 of Canada's major exports, has started the year with another increase.
From a Financial Post report on this: The Agricultural Index soared 45% in 2007, good for the biggest jump of any sub-component. Several commodities hit all-time highs in January. And the prognosis looks rosy going forward.
The Canadian Press - Payroll employees' average weekly earnings rise in November (28 January 2008) The average weekly earnings of payroll employees rose one per cent in November from October, Statistics Canada reported. Compared with a year earlier, average weekly earnings were up four per cent. In Canada's largest sectors earnings were up 6.2 per cent in health and social assistance, 4.5 per cent in manufacturing, 3 per cent in retail trade, and 2.8 per cent in educational services, compared with a year earlier. Overall, payroll employment grew by 190,800 positions, or 1.3 per cent, in the first 11 months of 2007. Employment in the construction sector had the highest year-to-date growth in the period, 7.1 per cent.
The Regina Leader-Post on economy heats up Saskatchewan (29 January 2008) Saskatchewan enjoyed more income growth than any other province during the 12-month period from November 2006 to November 2007, according to Statistics Canada. The report shows a 6.9 per cent income hike during the period. 'It's good news for Regina and good news for Saskatchewan,' John Hopkins, CEO of the Regina and District Chamber of Commerce, said. He explains that a major contributor to higher incomes in the province has been strong demand for workers. Looking ahead, Hopkins says that high commodity prices, a manufacturing sector that continues to do well despite the rise of the Canadian dollar, and strong retail sales should continue to drive the economy.
The Vancouver Sun on retailers doing fine (29 January 2008) International Council of Shopping Centers chairman Rene Tremblay insists several key Canadian economic fundamentals should ensure the industry remains vibrant and growing at a 'respectable' pace. He said interest rates remain near historical lows—which is good news for consumers—and job growth and personal income growth should remain positive in Canada this year. 'Consumers are still there and they're still buying,' Tremblay said. 'They're very resilient and confident . . . .' He predicts Canadian retail sales will grow by about five per cent this year, compared with 5.7 per cent last year, and said that '. . . things are going so well in Canada now that we should be fine'. He noted that an aging and more diverse consumer base in Canada has made shoppers more knowledgeable and demanding—placing more emphasis on services, health, beauty and wellness; ' . . . Having spas in malls is not the norm yet but that's where we're heading, making more of those options available,' he said.
The Toronto Star on economists optimistic on home prices (29 January 2008) Various forecasters all foresee home prices going up this year. In fact the latest forecast, which benefits from having more recent data, is among the most optimistic for home prices. Economists at the Royal Bank of Canada are predicting larger average increases than some other forecasts released earlier, including for Ontario and Toronto. They also foresee an improvement in affordability, thanks to a coming dip in interest rates and a healthy increase in household spending power. The latest forecast from Royal Bank is for increases in resale home prices in the 5 to 7 per cent range. Royal Bank economist Derek Holt bases this forecast on his expectation that mortgage rates will drift lower. Dianne Usher, vice-president of the Johnston & Daniel division of Royal LePage, said her company would now likely forecast higher price gains this year in light of declining interest rates.
The Canadian Press - Bald eagle, peregrine falcon soaring in Ontario while swallows fall (29 January 2008) A new study shows Ontario's bald eagle and peregrine falcon populations are soaring. The new Atlas of the Breeding Birds of Ontario finds the Canada goose and wild turkey are also thriving. Mike Cadman, who oversaw the atlas, says these species have recovered well because of pesticide bans and aggressive conservation. Ontario Nature is calling for intense conservation efforts to protect those birds that are on the decline.
The Canadian Press - Canadians increasingly non-partisan, poll finds (28 January 2008) A new Canadian Press Harris-Decima survey found Canadians have little attachment to political parties. In short, the poll suggests Canadians are increasingly non-partisan. The poll found only a small percentage of Canadians are actually committed to either of the main parties. Twelve per cent said they'd be comfortable only with a Tory victory in the next election; 13 per cent would be comfortable only with a Liberal win. Three times as many respondents—35 per cent—said they'd be comfortable with either a Tory or Liberal victory. 'I think that the signal is that people see partisanship as being something that's not really very much about the achievement of their goals as citizens and as a consequence, they'd rather see a lot less of it,' said Harris-Decima president Bruce Anderson.
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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