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30 April 2008
8 April 2008 was the 8th day of the tenth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
8 April 2008
CBC News - Housing starts show surprising strength (8 April 2008) The momentum in Canada's new housing sector still isn't showing any sign of fading, as figures showed another surprisingly strong month for housing starts in March. The annualized rate of housing starts was 254,700 units, adjusted for seasonal variations, Canada Mortgage and Housing Corp. said. March's figure easily topped the expectations of economists, who had been forecasting housing starts to come in at 229,000. 'Residential construction in Canada isn't letting up despite widespread expectations to the contrary,' said Robert Hogue of BMO Nesbitt Burns.
From Canadian Economic Press reports on this: March starts surprised on the high side at an annualized figure of 254,700, just short of the prior month's surprisingly strong figure of 255,600.
From a Financial Post report on this: 'The high level of starts posted in February continued in March, thanks to the multiple segment and particularly condominium starts . . . ,' said CMHC chief economist Bob Dugan.
From a Reuters Canada report on this: March starts underline the resilience of the domestic market. The sturdy data bodes well for Canada's economy. Also according to CMHC, for the first quarter of 2008, actual starts in rural and urban areas combined were up an estimated 12.8 per cent compared with the same period last year. Actual starts in urban areas alone jumped an estimated 15.8 per cent in the year to date. Seasonally adjusted total Canadian housing starts in the first quarter of 2008 were up 11.3 per cent from a year ago, said JP Morgan economist Ted Carmichael. 'With this brisk rate of activity in the first three months of the year, the housing sector will provide a boost to Canadian GDP,' said TD Securities economics strategist Millan Mulraine. 'On balance, we expect the Canadian housing sector to remain on a fairly strong footing through 2008. . . .'
The Toronto Star - Shoppers in driver's seat (8 April 2008) Canadian consumers will be the driving force behind the country's economic growth this year, according to the latest forecast from the Conference Board of Canada. 'And why not? Consumer confidence is stable in Canada, interest rates are declining and housing markets remain strong,' it states. The report finds that Canada's housing market is in good shape. Subprime and other risky mortgage loans comprise a very small portion of total mortgage lending here.
From a Canwest News Service report on this: 'It's very hard to slow the domestic economy down,' said Pedro Antunes, director of forecasts for the Conference Board. Employment growth is formidable, with 90,000 jobs created in January and February alone, as are incomes, he said. Combined with lower inflation and numerous federal and provincial tax cuts, that should result in another year of very strong growth in real personal income.
Reuters Canada - Canadian fundamentals remain strong: Harper (8 April 2008) 'The fundamentals of the Canadian economy remain strong and the fundamentals of the Canadian financial system and of oversight of the Canadian financial system, while they could always be improved, I think also remain strong,' Prime Minister Harper said on Tuesday. 'We actually, vis-a-vis the world and our major trading partners, have a great deal of confidence about how Canada is positioned,' Mr Harper also told a news conference.
The National Post on Canada's trade diversifies internationally (8 April 2008) While the United States remained Canada's largest trading partner in 2007, the rest of the world became increasingly important to this country's trading affairs, Statistics Canada said. Exports to all countries besides the US increased 17.4% last year, with China, the United Kingdom, and Norway accounting for much of the growth.
From the Statistics Canada report: Canada diversified its portfolio in merchandise trade with the world even further last year . . . . Exports to China were responsible for nearly one-fifth of the total growth in Canada's exports in 2007. Companies in Canada dramatically increased shipments to Europe as well, bringing exports to C$41.7 billion.
From a CBC News report on this: Rising exports to China helped push that country to No. 3 on the list of top markets for Canadian products in 2007. The United States remained at the top of the list, followed by the United Kingdom. For all of last year, exports rose 2.1 per cent to a record high of C$465.2 billion.
CBC News - Auto analyst DesRosiers boosts Canada sales forecast (8 April 2008) Vehicle sales in Canada this year will come very close to topping last year, Dennis DesRosiers, president of DesRosiers Automotive Consultants, said. Automakers will sell 1.645 million cars and light trucks in Canada in 2008, said DesRosiers. That's up 2.6% from his previous forecast, issued last November, of 1.603 million sales, and is just 8,000 below the 2007 sales figure—the industry's second-best year ever. DesRosiers raised his yearly forecast for Canada after sales in January and February came in 20 per cent above last year's levels. Sales in March—after adjusting for fewer selling days from this year's early Easter—were up 10 per cent. 'There are a lot of bright spots and reasons for optimism for light vehicle sales in Canada,' DesRosiers said. Among reasons he cited for the brighter outlook: average prices have dropped by five per cent as incentives are extended and sticker prices fall; the GST drop to five per cent, which unlike incentives and lower sticker prices, is permanent; the earlier forecast was based on a 95-cent US dollar; and the healthier Canadian economy—which is still creating jobs.
The Canadian Press - Ontario ending centuries of discrimination with historic agreement: Metis (8 April 2008) A historic agreement is being negotiated with the Ontario government that helps pave the way for the Metis to set up their own health-care centres, children's services, and education, Tony Belcourt, head of the Metis Nation of Ontario, said. Mr Belcourt said Ontario's willingness to negotiate a separate accord from other aboriginal groups allows the province's 73,000 Metis to finally be treated as a self-governing nation. 'I can't underscore enough the importance of simply recognizing the Metis Nation in this province,' said Belcourt. 'I want to tell you, this is an amazing day.' Saskatchewan leads the country with its own Metis act that includes a recognition of self-governance and system of revenue sharing. Alberta is the only other province with a signed agreement similar to the one Ontario is now negotiating. Ontario Aboriginal Affairs Minister Michael Bryant said the Metis have been ignored by the province for far too long. Bryant said the government is now recognizing the sovereignty of the Metis and starting to address their priorities. It's part of a collaborative approach that's 'new and overdue', Bryant said. 'It's recognition and respect,' he said. 'The absence of that in the past has meant an ineffective approach and an ad-hoc, responsive, defensive approach. This allows us to have a real relationship.'
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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