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Good news report from Canada

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8 July 2008

18 June was the 18th day of the twelfth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

18 June 2008

Bloomberg News on Toronto stock market extends record (18 June 2008) Canada's main stock index, the TSX Composite Index, rose 4.44 to 15,073.27 on Wednesday, extending the record high it set Tuesday.

Canwest News Service - Canadian economic indicators rebound in May (18 June 2008) Key indicators of economic growth in Canada improved for the first time in four months in May, led by strong housing and stock prices. The composite index rose 0.2% last month. The gains were widespread, with seven of the 10 indicators improving— 'the most since the turmoil began in global credit markets last August', Statistics Canada said. 'Household demand remained the strongest sector in the economy,' it said, pointing to a 1.9% rise in the housing index. 'Housing starts strengthened in May, while existing home sales rebounded from a weak start to the year, which was partly due to poor weather. Consumer outlays for durable goods grew steadily.'
,br> The stock market index rose 1.3% as many investors shook off concerns over the recent credit-crunch financial crisis. At the same time, the manufacturing sector rose 1.9% as it 'continued to improve slowly after a very weak start to the year. The turnaround has been led by new orders, which expanded for the third straight month,' Statistics Canada said. Employment in manufacturing rose in May. Charmaine Buskas, senior economics strategist at TD Securities, said that 'on balance, the leading indicator seems to do a pretty fair job of tracking GDP, which suggests that growth in May could be in for a modest rise.'

From a Bloomberg News report on this: The gauge compiles indicators to paint a picture of the economy in the months ahead.

The Financial Post on improving outlook for Canadian economy (18 June 2008) Things are looking up for the Canadian economy. A number of supportive domestic factors—such as jobs, wages, and house price growth—should help the Canadian economy expand by about 1% in 2008 after contracting 0.2% in the first quarter, Beata Caranci, director of economic forecasting at TD Financial Group, said in a quarterly report. Meanwhile, Dawn Desjardins, assistant chief economist at RBC Capital Markets, said reduced odds of a U.S. recession have improved Canada's economic prospects. She said the Bank of Canada's decision to keep interest rates at 3% was another sign that downside risks were abating. This was reflected in the leading indicator of economic activity index, which moved up 0.2% in May for its first increase since January, Statistics Canada figures showed. It pointed to a rise in the stock market and house prices, which would likely support the economy in the coming months.

The Financial Post - Foreign tourists flock to Canada in near-record numbers (18 June 2008) Overnight visits by Americans traveling to Canada by car rose 2.3% in April to 637,000 trips, the second consecutive monthly increase. (Total overnight travel from the United States grew by 1.0% to 1.1 million trips in April.) Foreigners, meanwhile, have clearly taken a shine to Canada. Trips to Canada from nations other than the United States climbed by 4.6% in April to 407,000—the second highest level ever, Statistics Canada reported.

The Financial Post - Powered for the green route (16 June 2008) IT accounts for up to 3% of the world's greenhouse gas emissions. Bill St Arnaud, chief research officer at Canarie Inc. in Ottawa, a federally funded venture developing Internet applications, says 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. 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.

The Toronto Star on the benefits of local organic food (18 June 2008) A cucumber weighing 1.3 pounds was part of a recent weekly vegetable box from Plan B Organic Farms in Ontario. This is part of its community-shared agriculture (CSA) programme. The cost this spring was C$450 for a half share—eight to 10 items a week—for about 20 weeks, about C$22.50 a week. The same 10 items (not organic) at a local supermarket would have cost just under C$20; the same 10 organic items at a major whole foods chain would have cost about C$30. A lot of the produce from these sources came from the US. So that consumer saved on fuel costs by buying local and received not only a bargain, but also very fresh food. Plan B is exactly 75 kilometres from the consumer's house. Some of the vegetables are picked the day before the consumer receives them.

The Globe and Mail - Bill aims to protect Lake Simcoe (18 June 2008) The Ontario government moved to minimize the impact of rapid development on Lake Simcoe (the twelfth-largest lake in the province) by introducing a law that will impose tough environmental rules on the lake and its watershed. The Lake Simcoe Protection Act is designed to limit ecological damage to an important body of water. 'We're talking about protecting the water of the lake. But it also protects, which is equally important, the watershed going into the lake,' Environment Minister John Gerretsen said. The legislation calls for the development of a plan for the lake that will be the fundamental instrument for protecting it and become an integral part of all land-use planning in a watershed where 350,000 people live, Gerretsen said. He added that the province is primarily interested in lowering the level of phosphorus in the lake, and so the plan will address issues such as storm sewer-water runoff, agricultural techniques and development practices. '. . . . today, all development plans have to conform to new provisions of the act and the plan that comes into place,' Mr Gerretsen said. Rick Smith, executive director of Environmental Defence, said that the act 'opens the doors to some very good things happening.'

Canwest News Service - Quebec OKs low-speed electric cars on roads (18 June 2008) The Quebec government has authorized a three-year pilot project allowing low-speed electric cars on city roads. Canadian-owned Zenn Motor Company has produced 350 vehicles—named Zenn for 'zero-emission, no-noise'—since 2007 in its St Jerome plant, north of Montreal, but every one of them has been shipped to the 44 US states where they are authorized. The car retails for about US$16,000. Ian Clifford, CEO of Zenn, says the company is now evaluating the potential sale of vehicles in Canada in light of the Quebec announcement. The announcement is the first instance in Canada in which the vehicle will be allowed on Canadian roads. The government has authorized the vehicles, which have a top speed of 40 km/h, on neighbourhood roads with a 50 km/h speed limit. They will be allowed to use the right-hand lane, except to pass.

From a Canadian Press report on this: Zenn CEO Ian Clifford said the decision was a 'significant reversal' to previous regulations that prevented the company from seriously considering sales in Canada.

From a Montreal Gazette report on this: A spokesperson for the other electrical vehicle authorized by Transport Quebec, the Nemo—an urban truck—said because they anticipated the government's decision, they went ahead. The company will be able to start delivery to its clients by the end of July. (The Nemo is also manufactured in Quebec, in Sainte-Thérèse, north of Montreal.)

From a CBC News report on this: Low-speed electric cars will be allowed to travel on some Quebec roads as part of a pilot project to test the environmentally friendly vehicles. The project also sends a clear signal to transport companies and manufacturers that 'a serious interest for this type of technology and future products now exists in Quebec,' said Quebec Transport Minister Julie Boulet.

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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