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27 July 2008
4 July was the 4th day of the first month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
4 July 2008
The Canadian Press - Ivey index suggests economy still solid (4 July 2008) The Ivey purchasing managers index—an indicator of economic activity in Canada—has come in higher than expected for June at 69.6, pointing to continuing solid expansion. The index was up from 67.4 in June 2007 and 62.2 in June 2006. The latest reading of 69.6 was well above the consensus expectation of 63 among economists who follow the index. According to a commentary from Action Economics, 'the main takeaway is that the index remains in solidly expansionary territory that is consistent with continued growth in Canadian businesses.'
From a CBC News report on this: Purchasing managers upped their buying in June from May, the Ivey Purchasing Managers Index (PMI) reported. The PMI was at 69.6 at the end of June, up from 62.5 in May. A figure above 50 shows purchasing managers are optimistic. Participants are asked: 'Were your purchases last month in dollars higher, the same, or lower than the previous month?' In June, 53.6 per cent said higher and 31.9 per cent said the same.
The Canadian Press - Bankruptcies drop in May (4 July 2008) New figures show that bankruptcies dropped in May. The Office of the Superintendent of Bankruptcies is reporting 7,918 bankruptcies in May, down from 8,270 in April and 8,008 in May 2007. There were 7,364 personal bankruptcies and 554 business bankruptcies in May. May's 7,364 personal bankruptcies were 8.4 per cent less than in April and 1.5 per cent less than in May 2007. Business bankruptcies were down 6.4 per cent from April.
Canwest News Service - Canada's labour market better than most (2 July 2008) Canada's labour market is in better shape than those in most industrial nations, says the Organization for Economic Cooperation and Development (OECD), the think tank of the world's industrial countries, in its annual report on employment in its 30 member countries. The report noted that the proportion of Canadian adults working is at an all-time high of 74 per cent, seven percentage points higher than the average for the world's industrial countries.
From a Canadian Economic Press report on this: Canada enjoys an enviable employment rate and will escape much of the job loss associated with prior economic slowdowns, according to a new report by the OECD.
The Financial Post - Brain drain in Reverse: After years of leaving for greener pastures, Canada's wayward financial talent is coming home (28 June 2008) After 12 years in London managing Merrill Lynch's global currencies division, Harry Culham returned to Canada in May to join CIBC World Markets as the head of fixed income and currencies. 'Canada has changed a lot since I left in 1994. I've come back to a much more confident country, whether it be in finance, the economy, technology or the commodities sector,' says Mr Culham. Mr Culham is part of a small army of well-educated Canadians in the financial sector who left the country in the 1990s for greener pastures and more money. But new opportunities at home appear to be reversing that trend and the number of notable returnees is on the rise.
The Canadian Economic Press - Cdn car sales down from June 2007 record, but still respectable, analyst says (2 July 2008) June sales of light vehicles in Canada tumbled 5.7% compared to the same period last year, according to DesRosiers Automotive Consultants, but the picture may not be as gloomy as the numbers seem. 'Sales being down 5.7% is not the end of the world, given last year was the best June on record,' Dennis DesRosiers, president of DesRosiers Automotive Consultants, said of the 159,529 units sold. 'It actually indicates sales are very respectable. I was actually surprised they were this strong.' Fuel prices were wielding heavy influence in the sales data with cars up 4.3% and light truck sales down 17.6%. 'We still think that come the end of the year that sales will be slightly behind last year's number although the market could surprise us by coming in a little stronger,' DesRosiers wrote.
From a Globe and Mail report on this: BMW Canada set a monthly sales record last month while Mercedes-Benz Canada and Toyota Canada posted their best June sales on record. The strength of BMW, Mercedes, Toyota, and others in Canada, compared with the weakness of Ford Motor Co. of Canada and General Motors of Canada, relates to their fuel-efficient vehicles, Dennis DesRosiers said.
The Financial Post - Bike sales soar as drivers trade four wheels for two (3 July 2008) There have always been a few hardy commuters willing to forgo the comfort and safety of a car in favour of a bicycle, but in the face of ballooning gas prices their numbers are growing dramatically. 'People are concerned about fuel costs, and they're looking for substitute transportation,' said Usman Valiante, a spokesman for the Bicycle Trade Association of Canada. 'So definitely, bike sales are going through the roof.' The biggest rise is happening in cities where traffic congestion is also an issue, but bike sales are up across the country, according to Mr Usman. Ontario is helped by a recent decision by the government to eliminate provincial sales tax on bicycles.
The Toronto Star - Ontario targets $7.5M for biofuel (3 July 2008) Ontario is pouring another C$7.5 million into research for biofuels that can be made from agricultural waste such as corn husks and manure instead of food crops. With concerns mounting that biofuels are taking food out of people's mouths and pushing prices higher, the government will announce C$5 million for a new biofuels institute at the University of Western Ontario (UWO) in London. Another C$2.5 million will go toward a demonstration project on a farm outside of London that is turning manure and waste water into biogas, producing enough to power about 800 homes. There is a huge potential for biofuels using tonnes and tonnes of plant material that is otherwise going to waste, said University of Guelph professor Anthony Clarke, who is working on a study on how to break down cellulose, the material in stalks and husks that gives the plant its strength, into fuel, funded in part by the Ontario government.
The Toronto Star on Ontario's new Endangered Species Act (3 July 2008) For the first time in three decades, Ontario has enacted new legislation to protect dwindling numbers of its most vulnerable plants and animals. The unique aspect of the Endangered Species Act—which came into effect Monday—is that its focus is not just on the wildlife and flora, but on the habitats they rely on, says Amber Cowie, a conservation co-ordinator for the environmental group Ontario Nature. 'There's no other endangered species legislation in North America that does that.' The new act provides for the eventual protection of 180 species, in classifications ranging from 'of special concern' to the most vulnerable—'endangered'. Up until now, 42 species had protected status. The act lists 10 species that will be 'fast-tracked' to acquire that status by next June. Funds will be given to private landowners who display sensitivity toward the protection of endangered species and their habitats.
Agence France Presse - Spirit of Great Bear watches over Canadian rainforest (2 July 2008) The remote central and northern coastline of British Columbia, known as Great Bear Rainforest, is one of the largest and last intact temperate rainforests on earth. As well as being the traditional land of the aboriginal people, it is home to fin, humpback and killer whales, eagles, and three kinds of bears—grizzly, black, and the Kermode or 'Spirit' bear, as local legend calls the massive white bears. A series of conservation treaties have been put in place in recent years among Aboriginals, the provincial and federal governments, and environmental organizations. The 20,000 square kilometres of vast wilderness is fast attracting eco-tourists. BC eco-tourism 'is the most rapidly growing sector in the tourism industry', said Chris Genovali of the Raincoast Conservation Foundation. Eco-tourism is giving an economic boost to some of the area's nearly 3,000 Aboriginal residents, said Marven Robinson, a Gitga'at native.
Reuters Canada - Small Muslim community builds Canada's biggest mosque (4 July 2008) A small Muslim community opens Canada's largest mosque this weekend in Calgary. Prime Minister Stephen Harper and Calgary Mayor Dave Bronconnier are among dignitaries scheduled to help inaugurate the mosque on Saturday. Just 3,000 people make up the Ahmadiyya Muslim community, whose slogan is 'Love for All, Hatred for None'. But their leaders expect their numbers to grow quickly, prompting the need for the 48,000 square foot (4,460 square metre) Baitun Nur mosque with its towering minaret and ornate calligraphy. It also shows the increasingly multicultural makeup of the city. The Ahmadiyya sect has about 50,000 members in Canada. Farhan Khokhar, head of communications for Ahmadiyya Muslim Jama'at Canada, said the teachings include nonviolence and freedom of expression, as well as a love for one's host country and sense of duty to the local community.
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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