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Good news report from Canada

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13 August 2008

1 August was the 1st day of the second month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

1 August 2008

The Regina Leader-Post - Government projects record revenue (1 August 2008) In its first quarter financial statements, the Saskatchewan government is projecting that it will take in C$3.1 billion more in revenue than was estimated in the budget passed this spring. There has never been an in-year revenue increase of that magnitude, with the government's total revenue for 2008-2009 now projected at a record-shattering C$12.5 billion. 'The numbers we see today . . . are simply unprecedented,' said Finance Minister Rod Gantefoer. Combined with surplus dollars from the end of the last fiscal year and debt relief earmarked in the budget, the flush coffers will allow the government to reduce total debt by C$2.2 billion to C$4.7 billion by the end of the budget year. The government's financial legislation requires surpluses to go half towards debt and half towards the Growth and Financial Security Fund, which now has C$3.1 billion sitting untouched. Gantefoer suggested that actual elimination of the debt could be in sight. Gantefoer said the government is considering both income tax and property tax reductions in the 2009-2010 budget. Lee Harding of the Canadian Taxpayers Federation said it's 'great news' that the government is contemplating multi-pronged tax cuts.

The Financial Post - Economic problems? Not in Saskatchewan (31 July 2008) In Saskatchewan, the good economic news just keeps coming. 'While the Canadian economy shows signs of slowing, Saskatchewan continues to charge ahead . . . should keep economic growth in the province at a solid 3% in 2008—the highest in Canada,' said BMO Capital Markets in a note Thursday. The province lifted its revenue and surplus estimates for the current fiscal year, as strong commodity prices added to the province's coffers. The combination of stronger revenue and modest spending growth lifts the province's surplus to C$1.5 billion from C$250 million.

From a Regina Leader-Post report: For the 11th straight month, Saskatchewan led all provinces in yearly retail sales growth in May, according to a Statistics Canada's report. Saskatchewan experienced seasonally adjusted retail sales growth of 13.7 per cent from May 2007 to May 2008, which was nearly three times the national average of 4.8 per cent.

The Canadian Economic Press on Canadian auto sales surge in July (1 August 2008) Canadian sales of vehicles surged 5% in July compared to the same month last year and are up 2.7% year to date, according to DesRosiers Automotive Consultants. Passenger car sales were up 10.2 per cent. 'Look up the definition of defying gravity and you will see three words . . . ''Canadian Vehicle Sales'',' wrote Dennis DesRosiers. He attributed the strength of the sales numbers to price reductions. The Canadian sales results are 'astonishing', said BMO deputy chief economist Doug Porter. 'This makes a mockery of talk that Canada is in a recession,' he said, adding the strong auto sales reflect the improvement in Canadian income and the overall health of consumer demand in Canada.

The Canadian Press - Number of bankruptcies drops in June, superintendent reports (1 August 2008) New figures show that bankruptcies dropped 5.6 per cent in June, according to a report by the Office of the Superintendent of Bankruptcy Canada. Both consumer and business bankruptcies fell. June's personal bankruptcies wer 4.8 per cent fewer than in May. Business bankruptcies were down 16.1 per cent from May and 12.3 per cent from June 2007.

The Canadian Press on feds give farmers $300 million to exit dying tobacco industry (1 August 2008) The heart of Canada's century-old tobacco-growing industry took another step toward its inexorable demise Friday as hundreds of farmers and their families turned out to hear Ottawa announce C$300 million to help them leave their business. About 1,000 farm families still produce tobacco in this part of southwestern Ontario—once a multibillion-dollar industry that has been increasingly crushed under the weight of health concerns, anti-smoking measures, and high cigarette taxes. In 2005, growers produced more than 38 million kilograms of raw leaf. This year's crop is expected to be just nine million kilograms. Most growers are now expected to take the money and give up farming altogether or find other cash crops to grow.

The Canadian Press - B.C. wants to file legal brief to support California tailpipe emission suit (1 August 2008) California may be getting some support from British Columbia in the state's bid for tougher pollution standards for cars. The provincial government says it will attempt to join a California court challenge of a ruling by the US Environmental Protection Agency. The EPA has denied the state permission to implement tailpipe emissions limits for vehicles that exceed the levels set by federal American regulators. '(The move) is not so much to bring additional evidence, just to let the court know that this matter does have significance beyond the borders of California itself, or even the borders of the United States,' BC Environment Minister Barry Penner said. British Columbia wants to adopt the California standards as part of its goal to reduce greenhouse gas emissions by 33 per cent by 2020. The BC government says 11 other Canadian provinces and territories also support the California model.

The Vancouver Sun - B.C.'s Ancient Forest is thousands of years old (1 August 2008) As one walks up the road, the trail soon narrows, the light dims, near-absolute silence descends. A forest that plant biologists estimate to be between 1,000 and 2,000 years old envelops one. The trees have massive trunks up to 16 metres in circumference. This is the Ancient Forest, one of British Columbia's rare and hidden treasures. This ecosystem has lain virtually undisturbed for centuries. One of the boreal giants, the aptly named 'Big Tree' is a massive Western Red Cedar that measures five metres in diameter, and was likely a sapling when the Roman Empire was at its peak. The Ancient Forest is part of the Rainforest Conservation Corridor, one of the last places in the world where mountain caribou, wolverine, lynx, cougar, grey wolf, and both black and grizzly bear coexist.

The Globe and Mail - Aboriginal business is rewriting the story of the North (31 July 2008) 'The federal government can't supply us with everything,' Justin Ferbey, executive director of the Carcross/Tagish First Nation, said. 'If we want true self-sufficiency as first nations then it has to be economic self-sufficiency, too.' The Yukon's most dynamic business leaders understand that among the responsibilities that come with self-government is the job of building an economic foundation upon which self-government can be sustained. The Carcross/Tagish First Nation is involved in several enterprises. It is building log homes in a joint venture with the territorial government. Much of the work on the homes is being done by first nations workers. They can sign a rent-to-own agreement with the Carcross/Tagish that will make the home theirs after 16 years. The Carcross/Tagish hold large areas of land. Mr Ferbey said that if you put Toronto, Montreal, and Vancouver together, it still wouldn't add up to the number of hectares the Carcross/Tagish control. They are looking at developing a high-end resort on property overlooking Lake Bennett. They own a chunk of the First Nations Bank. The Carcross/Tagish aren't the only ones pursuing business opportunities. The Vuntut Gwitchin First Nation in northwestern Yukon owns 49 per cent of Air North, a highly successful, northern-based commercial airline company. The world is changing here in the North.

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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