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Good news report from Canada

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7 May 2008

17 April was the 17th day of the tenth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

17 April 2008

Reuters Canada on Inflation falls to 14-month low (17 April 2008) Figures released by Statistics Canada showed the Canadian economy remains surprisingly shielded from the inflation concerns plaguing many other countries. Overall inflation fell to 1.4 per cent in March from 1.8 per cent in February, its lowest since January 2007. Canada's core inflation rate slowed more than expected in March to its lowest since July 2005. Core inflation—which excludes volatile items like gasoline and is therefore the central bank's most reliable gauge of price growth—dropped to 1.3 per cent from 1.5 per cent in the year to February. The inflation numbers cemented market expectations that the Bank of Canada would opt for a 50 basis-point cut to the overnight rate when it sets rates next Tuesday. But signs of red-hot Canadian consumer spending and a tight labor market could mean a limited easing. The strong Canadian dollar has cheapened imports and put pressure on retailers to slash prices.

From a CBC News report on this: Taking some pressure off the inflation rate was a 7.1 per cent slide in the cost of purchasing and leasing vehicles, following a 6.8 per cent in drop in February.

From a Bloomberg News report on this: Prices of fresh vegetables plunged 18 per cent, the largest annual decline in 12 years, while the cost of fresh fruit fell 11 per cent from a year earlier.

From a Canadian Press report on this: Computers also continued their downward trend and were almost 15 per cent cheaper than a year ago after falling a little over 15 per cent in February.

From a Canadian Economic Press report on this: The CPI report 'reinforces the point that Canadian inflation remains an oasis of calm amid raging global price pressures,' said BMO deputy chief economist Doug Porter. RBC senior economist Dawn Desjardins said both the core and all-items inflation rates ended the first quarter near the low end of the Bank of Canada's 1% to 3% target band, giving the central bank leeway to keep policy geared toward mitigating the downside risks to Canada's economy.

Reuters Canada - Bank of Canada's Carney sees strengths in economy (16 April 2008) Bank of Canada Governor Mark Carney said that in addition to things that could impact Canada's economy negatively, he will also consider the economy's strengths when setting interest rates. 'The Canadian economy is a very diverse economy. We're not just a commodity economy at all,' Mr Carney said in an interview on Wednesday. 'There's a variety of strengths in this economy. So we think about terms of trade, commodity prices, and other aspects. We also think about the diversity of our economy and we obviously think about relative strength in our largest trade partners.'

The Globe and Mail - Canada tops list for commercial space (17 April 2008) Montreal edged ahead of midtown Manhattan, the strongest market in the US, to create an all-Canadian list of the top five office rental markets in North America in the first quarter of 2008, according to a report from Cushman Wakefield & LePage. Canada's five largest cities had the lowest office vacancy rates of North America's 15 major leasing markets in the first three months of the year. At a vacancy rate of 5.8 per cent, downtown Montreal took fifth spot on the list and also posted the largest year-over-year drop due to strong demand and a lack of new supply. With a vacancy rate of just 2.6 per cent, Vancouver had the tightest downtown office rental market in the study.

The Canadian Press - Ontario passes law banning trans fats from schools (17 April 2008) Legislation passed Wednesday will require Ontario schools to drop trans fats from school cafeterias, vending machines, and tuck shops. Trans fats, processed oil often found in french fries and other fast-food cafeteria staples, contribute to a host of health problems, including childhood obesity, health advocates say. Chocolate bars, potato chips and soft drinks had already been banned from Ontario's elementary schools. The legislation enshrines that policy in law and will eventually expand the junk food ban to include high schools. 'Giving students healthier options will help them stay healthy and have more energy for learning,' said Education Minister Kathleen Wynne.

The National Post - Homework banned on holidays (17 April 2008) Students in Toronto public schools will be doing less homework come September, after trustees voted in favour of changing the board's policy. The policy also spells out parents' role, saying they should not allow a child to stay up past bedtime to finish an assignment. 'It's a great day,' said Frank Bruni, a parent who spearheaded homework reform because it was having a 'major impact' on his family life. 'I get to go home knowing the kids are going to have a homework policy that makes sense, that gives them balance and isn't punishing.' Trustee Josh Matlow said the new policy will allow for a more 'sane society' in which families can enjoy holidays without thinking about assignments.

The National Post - Toronto Hydro hands out a 40-foot line (17 April 2008) Toronto Hydro is giving 75,000 homeowners a 'low-tech', energy-saving device—a free clothesline. The 40-foot long indoor/outdoor retractable clothesline will be given away over three weekends at designated outlets starting 26 April. Toronto Hydro spokeswoman Denise Attallah said using a clothesline for 25% of household drying can result in a savings of 225 kilowatts each year. For 75,000 clotheslines, that's enough electricity to power 1,908 homes for a year.

The Toronto Star - Mayor urges partnership for prosperity (17 April 2008) In Chongqing, China, the fastest-growing city in the world, in the midst of an unprecedented boom, Toronto Mayor David Miller continued to push an agenda of partnership and prosperity, telling this city's business community that what it needs, Toronto can deliver—green technologies, financial services, information, and communications—all transferable Toronto strengths. The mayor's trade mission is the biggest of a half-dozen Canadian delegations in the city during Chongqing's officially named 'Canada Week'. Chongqing is a sister city to Toronto and Miller is keen to expand primarily cultural and educational exchanges and business co-operation. He is to meet Chongqing's mayor today to sign a letter of intent to collaborate on energy-efficient construction projects here.

The Globe and Mail - France set to work with both Quebec, Canada (17 April 2008) France has a new policy that embraces both a special relationship with Quebec and the building of 'partnerships' with the federal government, a French minister told the Premier Jean Charest yesterday, indicating that Quebec sovereignty is no longer talked about by his government. 'It is no longer an issue; it is no longer being raised. It's no longer topical,' said Mr Joyandet said after meeting with the Premier. A concrete example of France's new policy involves greater co-operation with Quebec on economic issues. Mr Joyandet confirmed that France and Quebec are close to completing a precedent-setting framework agreement on manpower mobility. For example, French medical doctors as well as members of other professions would be allowed to work in Quebec without having to pass qualifying tests. The same would apply to Quebec professionals wanting to work in France.

According to Mr Joyandet the deal may even become the precursor to an eventual accord between the European Community and Canada as they look at initiating talks on a free-trade agreement next October in Quebec City. 'It is part of something that is possible,' Mr Joyandet said. 'If we can come to an agreement it could eventually be followed by the European Community and Canada.'

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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