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6 July 2008
17 June 2008 was the 17th day of the twelfth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
17 June 2008
Reuters Canada - Resources lift Toronto stocks to record close (17 June 2008) The Toronto Stock Exchange's main index notched a record high close Tuesday, racking up its third session of triple-digit gains. The TSX composite index closed up 124.55 points, or 0.83%, at 15,068.83, passing the previous record close of 15,047.34, set last month.
From a Bloomberg News report on this: Gauges of raw-materials and energy companies gained 1.7 per cent and 1.1 per cent, respectively, leading seven of the 10 industry groups in the TSX higher. 'Canada is in an unbelievably sweet spot now,'' said Rick Hutcheon, who manages about C$140 million as chief investment officer at RKH Financial in Toronto. Canada's stock benchmark has advanced 8.9 per cent this year as commodity prices soared.
The Canadian Press - Financials help lift TSX (16 June 2008) The financial sector led the way to a strong showing on the Toronto stock market Monday. The TSX composite index ran ahead 165.82 points, or 1.1 per cent, to 14,944.28 with extra heft coming from the mining sectors.
From a Reuters Canada report on this: The Toronto Stock Exchange's main index rose broadly and sharply on Monday in a rally sparked early by commodity prices and sustained later by gains in the financial and tech sectors.
From a Financial Post report on this: Canada's equity market rose about 5% in May, pushing the total value of managed assets up by C$14.1-billion to a record high of C$719.3-billion, a report by the Investment Funds Institute of Canada showed Monday.
The Canadian Press - April foreign investment reaches highest level since November 2006 (17 June 2008) Substantial acquisitions of Canadian debt instruments in April drove foreign investment to its highest level since November 2006, Statistics Canada said. Non-residents acquired C$7.1 billion worth of Canadian debt instruments in April, the most in the past 12 months. Non-residents acquired a further C$2.6 billion of Canadian stocks in April as Canadian stock prices rose 4.4 per cent to a near-record high level in April.
The Globe and Mail - Atlantic finance ministers to talk tax harmony (17 June 2008) Atlantic Canada's finance ministers say they will meet soon to discuss harmonizing their corporate and income tax systems as a means of encouraging economic growth and attracting businesses and individuals to the region. The meeting will take place as all three Maritime provinces are conducting major tax reviews and after New Brunswick released a discussion paper on tax reform that lays out plans to drastically simplify and reduce personal and corporate income taxes in the province. Business leaders said the simultaneous reviews present a golden opportunity for the governments to work together so a single tax regime covers the Atlantic region.
The Financial Post - Powered for the green route (16 June 2008) Information Technology accounts for up to 3% of the world's greenhouse gas emissions. The carbon footprint created by IT hardware can be substantially reduced through steps such as locating data centres in areas where they can rely on alternative power sources such as thermal energy, wind, solar and tidal power, says Bill St Arnaud, chief research officer at Canarie Inc. in Ottawa, a federally funded venture developing Internet applications. He says this is already happening in areas such as British Columbia's Okanagan Valley, where underground thermal energy is being harnessed, and in Nova Scotia, where a new data centre will use tidal power for a large part of its energy needs.
Reuters Canada - More keen on clean and green (13 June 2008) High energy prices and new technologies have helped level the playing field for wind, solar, and other clean-power sources that were once too expensive to compete with more traditional sources, while the need to cut greenhouse-gas emissions has made them more attractive. Canada's headline name for the clean power trend has been Timminco Ltd, which supplies high-grade silicon for use in solar power cells. The firm has been the leading performer on the Toronto Stock Exchange over the past year.
The Toronto Star - Bill gives foreign MDs a fast track (17 June 2008) Foreign-trained doctors will be able to hang their shingle in Ontario faster—and in some cases immediately—under new provincial legislation. Right now, foreign-trained doctors—even those from countries like the United States and England, where medical training and health care is similar—are forced to go through a lengthy residency training in Ontario before being licensed. Changes in the proposed legislation include: Allowing doctors who have trained and worked in countries where the medical education and health-care system is similar to Ontario's to go directly to work, instead of forcing them to retrain; Creating a new class of transitional licenses so some doctors can quickly begin their practice, with limited supervision, and restricted licenses to let highly specialized doctors work exclusively in that field; Faster assessments to determine where internationally trained doctors fit best, and expanded access to programmes for doctors needing help before they're ready to work here. 'We must be relentless in pushing aside barriers that separate Ontarians from the caregivers they need,' Health Minister George Smitherman said.
Canwest News Service - Mohawks vote to accept $45m land deal (17 June 2008) Ottawa Akwesasne Mohawks have voted to accept C$45-million and several islands in the St Lawrence River in compensation for a government decision to put a power station on their land without permission 50 years ago. The Mohawks will receive more than C$20-million up front and an additional C$2.6-million per year for 10 years. In addition, Adams, Toussaint, Presquile and Sheeks Islands will be turned over to the Mohawks as reserve lands.
The Canadian Press - Atlantic provinces given wilderness areas (17 June 2008) The Nature Conservancy of Canada is handing out 458 hectares to the four Atlantic provinces. The environmental charity is giving Nova Scotia 294 hectares of mature woodland near Waverley. The land, purchased from Neenah Paper at about one-third of its appraised value, fills in a big hole in the middle of an existing wilderness area. Environment Minister Mark Parent said it helps the province move closer to its goal of protecting 12 per cent of its land mass by 2015. The conservancy is also giving Prince Edward Island 25 hectares along the Percival River, New Brunswick 125 hectares in the Johnson's Mills Shorebird Reserve, and Newfoundland and Labrador 14 hectares on Sandy Point Island.
START HERE The Toronto Star - Going organic eventually pays off (17 June 2008) Farm economist Jim Fisher at the University of Guelph studied eight farms that switched from conventional to organic farming in recent years, detailing production levels, revenues, and expenses over five years—their last conventional year, the required three years of transition, the farms' first full organic year. Before being declared officially organic, a farm must operate as organic for three years to ensure that any residual chemicals, artificial fertilizers, and medications have been cleaned out. Milk production dropped almost immediately at the farms being studied. By the first full year of organics, production had recovered somewhat, but was still down 9.8 per cent.
Despite the drop, however, the farms remained economically viable throughout, Fisher says, thanks in large part to a drop in expenses. Organic farms are not allowed to use chemical pesticides or artificial fertilizers on their crops, nor to give their cows antibiotics. As a result, chemical costs were virtually wiped out on the farms studied, saving almost C$1,900 per cow, while veterinary costs were cut in half. At the same time, once the transition period was over, the price that farmers received for their milk went up. Ann Slater, president of the Ecological Farmers Association of Ontario, says soils continue to improve even after the transition is complete, and farmers get better at running their farms. Within a few years, she says, they are doing as well or better than they were as conventional farm operators. Organic milk demand is growing by an estimated 25 per cent a year.
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.
For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.
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