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Good news report from Canada

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25 May 2008

6 May was the 6th day of the eleventh month of the second year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

6 May 2008

Canwest News Service - Governor General arrives in Paris in 'spirit of fellowship' (6 May 2008) Governor General Michaelle Jean was greeted at the airport by a French honour guard as she began her five-day state visit to France. Jean later met with Prime Minister Francois Fillon. 'We are here to celebrate our friendship (and the) many possibilities of co-operation, and I'm so pleased from my first meeting with (Fillon) to be in that spirit of fellowship and of solidarity,' Jean told reporters after the meeting. 'It's really wonderful to see how much still we have to do together.' France is viewed by the Canadian government as a key potential ally in talks aimed at creating closer economic ties between Canada and the huge, 27-country European Union.

From another Canwest News Service report on this: Governor General Michaelle Jean says all Canadians should feel pride over events here marking Quebec City's 400th anniversary. 'It's not just for Quebecers,' Jean told Canwest News Service in an interview last week. 'We would like the celebration to be understood by all Canadians as something very important in our collective memory, our collective history.'

Bloomberg News on Canadian stocks rise to highest in six months (6 May 2008) The TSX Composite Index added 1 per cent to 14,414.30 on Tuesday, the second-highest close since its 19 July record of 14,625.76. The TSX has rallied 19 per cent from its one-year low on 21 January for a gain of 4.2 per cent in 2008. From a Canadian Press report on this: Toronto's TSX composite index climbed 139.96 points on Tuesday, leaving the Toronto market just over 200 points away from its all-time high last July.

Reuters Canada - Weak data includes bright spots, lifts Canadian dollar (6 May 2008) Two sets of Canadian data suggested a slowdown in economic activity, but each included a silver lining that helped spark a rally in the Canadian dollar. The Ivey Purchasing Managers Index showed that purchasing activity rose in April, but at a slower pace than in March. But the index still came in at 57.6, beating estimates for a reading of 54.5. 'The Ivey number was supportive and we saw the Canadian dollar gain on the back of that,' said George Davis chief technical strategist at RBC Capital Markets. Separately, Statistics Canada said the value of building permits fell in March from February, but also revised its February figure for the value of building permits to a gain of 0.8 per cent from a decline of 1 per cent previously reported. The Canadian currency briefly slipped after the data but rebounded as traders focused more on the upward revision.

From a Bloomberg News report on this: The Canadian dollar rose the most in close to three weeks as surging commodity prices and stronger-than-forecast spending by businesses and the government boosted prospects for the nation's economy. Canada's dollar gained versus the 16 most-traded currencies. 'The Canadian dollar is gaining momentum on hopes that the economy will remain robust,'' said Steve Butler, director of foreign exchange trading at Scotia Capital. 'We've got all those things which the world needs.'' The currency closed at 99.71 US cents, up from 98.67 US cents, at Monday's close.

From a Reuters Canada report: The Ivey Purchasing Managers Index is the joint project of the Purchasing Management Association of Canada and the Richard Ivey School of Business. A reading higher than 50.0 indicates an increase in activity. The Ivey employment index rose to 54.3 from 53.9 in the previous month.

Canwest News Service - Housing market forecast to remain robust (6 May 2008) Housing sales will remain robust during 2008 but the volume of sales will ease back from the record levels seen in 2007, the Canadian Real Estate Association (CREA) said. CREA expects prices to set new records in every province this year, but the price gains will fall short of recent record increases. The industry body is predicting the average residential price will climb 5.3 per cent this year. 'After-tax income growth, strong employment, and short-term interest rate cuts will support housing demand, despite further home-price increases . . . ,' said CREA chief economist Gregory Klump. 'MLS home sales will remain strong, despite coming in lower than last year's breakneck pace.'

The Toronto Star on Greater Toronto Area home prices up (6 May 2008) Existing-home sales in April were down by 7 per cent from the record highs of last year. However, housing analyst Will Dunning said the market was fundamentally healthy and noted it is coming off the record highs of 2007. Prices are still appreciating because sales still remain at historically lofty levels. The average Toronto-area price in April almost hit the watershed C$400,000 mark at C$398,687, up 5 per cent from the same period a year ago. The housing market is coasting on strong job numbers and the wealth generated on the Toronto Stock Exchange over the last few years, said Dunning. 'Most Canadians so far have reason to feel good about their earnings and employment.'

The Globe and Mail - Quebec spurs rush in wind power (6 May 2008) Quebec, long a world leader in the generation of hydroelectric power, is now set to become one of the continent's biggest wind power developers. Premier Jean Charest yesterday approved 15 bids for C$5.5-billion in projects that would provide 2,004 megawatts by 2015, calling the development 'the largest tender for wind-powered energy ever awarded in a single block in North America.' The wind projects would provide enough power to heat and light 320,000 Quebec homes. The projects are the second phase of a programme that has already seen 1,000 megawatts of wind-powered energy awarded by the province. Quebec currently generates more than 400 megawatts from about a dozen wind farms. Wind power energy is part of a five-year strategy by public utility Hydro-Quebec to diversify its energy sources and further help the province reduce its reliance on fossil fuels. The province aims to reduce overall energy consumption by 5.7 per cent by 2015, including cutting back on natural gas by 6.2 per cent and oil consumption by 10 per cent over the same period, said Claude Bechard, the province's Minister of Natural Resources.

CBC News - Nunavut centres prepare for busy season of Arctic research (6 May 2008) This year is set to become one of the busiest years for Arctic research, as more than 1,000 researchers from Canada and around the world plan to converge upon Canada's North to carry out International Polar Year research. Mary Ellen Thomas, executive director of the Nunavut Research Institute in Iqaluit, said the institute provided support to 40 International Polar Year projects last year, but expects at least three times that many projects this year. In total, more than 50,000 scientists from more than 60 countries are taking part in International Polar Year, pursuing physical, biological and social research of the Arctic and Antarctic until March 2009. Their research aims to help gauge the impact of climate change on regions expected to be particularly vulnerable to rising temperatures.

Canwest News Service - Glass reefs thought extinct thrill scientists (6 May 2008) Canadian researchers have laid hundreds of kilometres of fibre optic cable on the Pacific floor, loaded up with cameras and sensors, in an innovation that is changing the conventions of ocean science. One of the first findings to come from this new method: Enormous reefs made of glass made by creatures that were believed to be extinct for 145 million years. These not-so-extinct reef creatures built their structure 18 metres tall. Some reefs off British Columbia cover up to 700 square kilometres and are 6,000 years old. The project is run from the University of Victoria using a series of wave sensors, cameras, lights, seismic instruments, sonar, and hydrophones—all linked by cable that carries constant power, and transmits commands out, and data back. It cost about C$110-million to build and C$14-million a year to run—a mega-project by any science standards, and one in which Canada leads the world. Today's ocean scientist can conduct experiments using this underwater equipment from a Toronto high-rise or the Arizona desert. 'The idea is you don't have to be out there now,' says Dave Turpin—an oceanographer, who is also president of the University of Victoria. The first Canadian data started flowing two years ago, from Saanich Inlet, near Victoria.

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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