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Good news report from Canada

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13 May 2008

28 April was the 28th day of the tenth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

28 April 2008

The Canadian Press - Ottawa surplus reached $12.9 billion in February, on track to beat forecast (28 April 2008) The federal government's fiscal monitor shows that Ottawa took in C$2.9 billion more than it spent in February, bringing the 11-month tally for the past fiscal year to $12.9 billion. The figure does not include $2.5 billion in spending announced by the government that will be accounted for next month, including the $1 billion development trust fund to help communities hit hard by the manufacturing and forestry slump. Still, that would leave the up-to-date surplus at $10.4 billion, slightly above the $10.2 billion forecast in the February budget, with one more month of tax collection and spending to account for.

The February surplus was well below last February's C$4.7 surplus largely because of the fall mini-budget that put in place business tax cuts and a one percentage point reduction in the GST (Goods and Services Tax). Most measures went into effect at the beginning of the year. The February figures show that the government is still reaping the benefits of Canada's record employment numbers, as revenue from personal taxes rose 8.7 per cent despite the GST cut. The government saved $100 million on lower interest on the national debt in February.

From a Reuters Canada report on this: The surplus for the year starting 1 April is expected to be a much smaller C$2.3 billion. The funds are slated to pay down debt.

The Canadian Press - Flaherty says Canadian banks solid (28 April 2008) The Canadian financial sector continues to be solid, Finance Minister Jim Flaherty told reporters after meeting with Canada's major banks. 'The group discussed increased disclosure on investment products and future transparency,' said Nancy Hughes Anthony, president of the Canadian Bankers Association. 'Most Canadians expect a degree of regulation that doesn't impede capital markets but provides adequate protection for investors,' Flaherty said.

From a Globe and Mail report on this: 'I think there's a general feeling that Canada is situated better than some other parts of the world, with respect to banks being well capitalized, well regulated, well managed,' Nancy Hughes Anthony told reporters. Mr Flaherty said Canada is fortunate to have a well-capitalized banking system. The finance minister has asked the Canadian banks to be at the global forefront in terms of disclosure.

From a Canwest News Service report on this: Flaherty noted that the Canadian financial services system has avoided the worst pitfalls that have beset banks elsewhere. He said Canada's economic fundamentals remain strong. His calls for some moderate reform appeared to have the backing of the banking industry. In particular, he has received a commitment from the Canadian banks to implement new disclosure rules within 100 days. 'It is very positive when all the decision makers from Canada's financial community get together in a small room like this,' said Nancy Hughes Anthony.

From a Bloomberg News report on this: 'We're working together,' Richard Waugh, chief executive officer of Bank of Nova Scotia, said after the meeting, calling such cooperation 'one of the strengths of the Canadian system'.

The Globe and Mail - Commodity index hits another record high (24 April 2008) Bank of Nova Scotia's commodity price index, which tracks price movements in 32 of Canada's major exports, soared in March to its third record high in a row. The 5 per cent month-over-month gain is yet another sign of the unprecedented strength in certain commodity markets.

The Financial Post - Ottawa tech sector: A galaxy full of stars (28 April 2008) The technology sector in the Ottawa region is celebrating a resounding recovery and new-found 'swagger' as its revitalized technology community reaches a record 82,000 employees. The record has prompted the Ottawa Centre for Research and Innovation (OCRI) to launch a celebratory campaign and tout its status as a leading centre for small business in the capital.

'The bubble burst [in] 2001,' reflects Jeffrey Dale, president of OCRI. But many professionals opted to stay in the region. 'They stayed and started to create new companies. At the same time, we started to see influx of venture capital,' Mr Dale says. As a result, there are upward of 1,820 technology companies in the region, 80% of which have fewer than 50 employees but are enjoying tremendous success marketing their products globally. 'Now it's much more sustainable,' Mr Dale says. 'I also find it's much more international.' Lifestyle is one of the primary reasons many professionals remain in the region. Prabhdeep Grewal is just launching his programming career at MapleWorks, where employees enjoy the likes of frequent lunch-and-learn programmes and in-house yoga classes.

Canwest News Service on literacy rate high for Canadian students (28 April 2008) Most Canadian 13 year olds are scoring at or above the expected level in reading, according to a Canada-wide study by the Council of Ministers of Education on its first Pan-Canadian Assessment Program (PCAP). Based on a two-hour written test given to 30,000 students across the country, mostly in Grades 8 or 9, in spring of 2007, 88 per cent of all students performed in reading at or above Level 2, the expected level of performance. 'We know that we are getting world-class results in Canadian schools in this area. Having said that however, we still need to do better,' said Kelly Lamrock, New Brunswick's education minister and chair of the Council of Ministers of Education, Canada. Provincial scores ranged from 81 to 90 per cent and Quebec led the pack, scoring above the mean score for Canada. Quebec was significantly above the rest of the provinces in math.

From a Globe and Mail report on this: While Quebec teens were tops in reading and math, Alberta students took first in science.

The Canadian Press - B.C. government moves to ban smoking in cars with children inside (28 April 2008) Someone in British Columbia caught smoking in a vehicle with children inside that are under 16 years old will soon face fines. BC Solicitor General John van Dongen introduced changes to the Motor Vehicle Act in the legislature aimed at preventing people from passing on second-hand smoke to children while in a vehicle. Provincial medical health officer Dr Perry Kendall said the harmful effects of tobacco smoke are heightened in small spaces and can have long-lasting consequences. The province joins several other jurisdictions in bringing in such vehicle smoking bans when children are present, including Nova Scotia, Prince Edward Island, and the Yukon Territory.

The Ottawa Citizen - New doctors want work-life balance (28 April 2008) Medical students and residents say work-life balance is a priority for them, according to a major survey. About 2,800 medical students and 730 second-year residents responded to the survey, part of the Canada-wide 2007 National Physician Survey. About 93 per cent of students and 88 per cent of residents said 'the ability to achieve balance between work and personal life' was an important part of achieving a satisfying and successful medical practice. And 60 per cent of the students, and 52 per cent of the residents, said it is the most important factor. 'Suddenly, people realize that the old way of doing business is no longer tenable,' said Dr Andrew Padmos, CEO at the Royal College of Physicians and Surgeons. 'If you don't lay down the parameters, you will be burned out, depressed and distracted,' he said. 'They're recognizing that the proper response isn't to accept what's there and hope for the best. This is people being thoughtful and considerate of themselves and others.'

From a CTV News report on this: 'I think the medical students, the medical residents, and doctors alike will tell you that a good life-work balance is important in not only maintaining a healthy family, maintaining a healthy physical ability and maintaining a healthy mind, but it's also important in the work you do and the quality of care you deliver to patients,' Shaheed Merani, president of the Canadian Federation of Medical Students, told CTV's Canada AM.

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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