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23 August 2008

16 August was the 16th day of the second month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

16 August 2008

The Globe and Mail - Getting great returns with a clean conscience (16 August 2008) A great deal of empirical evidence indicates socially responsible investing (SRI) at least matches, if not beats, returns earned by other investors. Take the performance of the Jantzi Social Index, which tracks the stocks of 60 socially screened Canadian companies. Since its inception in 2000, the Jantzi Social Index has kept pace with or been ahead of the market. Also, SRI mutual funds do as well as non-SRI mutual funds in Canada. Some proponents of SRI predict the long run will see outperformance. Peter Camejo, author of The SRI Advantage, says it will come from weeding out or reshaping companies that harm society. Ron Robins, a SRI financial adviser and founder of Investing for the Soul (, is another believer in superior results over the long run. 'As baby boomers age and interest in spirituality grows, this will further encourage SRI,' he remarks. 'If, increasingly, more people invest according to their personal values,' Mr. Robins adds, 'only companies employing these higher values will truly prosper.'

Reuters Canada - Flaherty says expects solid growth (15 August 2008) '(We're) staying on our economic plan, looking for solid economic fundamentals, solid growth for the Canadian economy . . . ,' Finance Minister Jim Flaherty told reporters in televised comments Friday.

Canwest News Service - Manufacturing sales beat expectations (15 August 2008) Canadian manufacturing sales doubled expectations in June, advancing 2.1 per cent to C$52.5 billion, the fifth increase in the last six months, Statistics Canada reported. Increases were widespread, with 14 of 21 manufacturing industries, representing 81 per cent of total sales, reporting gains. As well, for the second consecutive month, nine provinces reported gains in sales, with only one province posting a decrease.

From a Canadian Economic Press report on this: Canadian manufacturers had a solid month in June, noted BMO economist Robert Kavcic, that marked the third consecutive month of 2%-plus gains in sales (the first three-month gain since 2005). RBC assistant chief economist Paul Ferley said Friday's 'solid rise in the volume of manufacturing shipments' was encouraging, and 'bodes well for overall GDP growth in June returning to positive growth . . . .'

From a Reuters Canada report on this: The manufacturing sector, which directly accounts for about a fifth of all economic activity in the country, has shown unexpected resilience in the past few months.

From a Canadian Press report on this: 'Going forward, activity in manufacturing will be helped by rising new orders . . . ,' said RBC's Paul Ferley. New orders rose a solid 2.9 per cent in June.

From the Statistics Canada report: New orders increased for the third time in four months, reaching C$53.4 billion. New orders have been improving gradually since December 2007 after a period of weakness throughout most of 2007.

The National Post - Home sales up for fifth consecutive month in July (16 August 2008) Home sales in Canada's major markets edged higher on a month-over-month basis for the fifth consecutive month in July, according to the Canadian Real Estate Association. Transactions were up from June levels in Edmonton, Calgary, Winnipeg, St. John's, Saskatoon, Halifax, and London, Ont. Activity in July broke all previous monthly records in Winnipeg, reached its second-highest monthly level ever in Saint John, New Brunswick, and posted its third highest ever level in Newfoundland and Labrador and Trois-Rivieres.

Bloomberg News - Canadian housing agency lifts 2008 new home starts forecast (15 August 2008) Canada Mortgage and Housing Corporation (CMHC) said new home construction will decline less this year than had been earlier forecast as the country benefits from strong job growth and higher incomes. About 215,475 homes will be built this year, up from a May forecast of 214,650 units, the Ottawa-based CMHC said. 'Strong economic fundamentals such as continuing high employment levels, rising incomes, and low mortgage rates will provide a solid foundation for healthy housing markets this year,' Bob Dugan, CHMC's chief economist, wrote in the report.

Canwest News Service - Home prices to outpace inflation, CMHC forecasts (15 August 2008) Canadian home prices will continue to outpace inflation this year and next, the federal housing agency, Canada Mortgage and Housing Corporation (CMHC) forecast Friday. The relatively upbeat forecast also projected that the pace of housing construction would slow; however, this would reach what are still historically high levels. The provinces that will see an increase in the pace of construction this year are Newfoundland and Labrador, Manitoba, and Saskatchewan. CMHC predicts the average selling price of a home will rise by 3.3% this year to C$317,450.

From a Reuters Canada report: 'Based on what happened in the first half of the year, CREA's [Canadian Real Estate Association] market analysis shows a record national average residential . . . price by the end of 2008, but with a much more modest increase than was recorded in 2007,' said Calvin Lindberg, CREA president.

The Calgary Herald - Organic foods deserve more credibility (16 August 2008) Commentary by Matthew Holmes - Matthew Holmes is managing director of the Organic Trade Association in Canada. A study conducted by the Canadian Food Inspection Agency last year found Canadians are more concerned about 'long-term effects from things like pesticides, chemicals, GMO, hormones . . . ' than any other food-safety issues. Organic farming fits in with consumers' priority to see persistent synthetic and toxic chemicals eliminated from our food chain and removed from the environment. . . . It is about sustainable growing that considers the long-term biodiversity and health of our air, water, soil, livestock, wildlife, and people. . . . Recent Canadian multi-year studies have concluded organic agriculture uses up to 50 per cent less energy, significantly reduces the 'nutrient loading' run-off of fertilizers into our waterways and increases plant biodiversity in areas surrounding organic farms. ... Meanwhile, there is mounting scientific evidence organic produce contains higher levels of some nutrients than produce grown non-organically.

The Toronto Star - Building ties with India (16 August 2008) A growing number of Indo-Canadians are snapping up luxury residential properties in India. Non-resident Indians in the United States, United Kingdom, and Middle East are also fuelling a multi-billion dollar 'NRI' real-estate boom in India. The Indian real-estate market has been growing at an average rate of 30 per cent over the last two years. Property companies are eager to tap the Indo-Canadian market because India is Canada's second-largest source of new immigrants. According to data from the 2006 census, Indian-born immigrants numbered 443,690 across Canada. About half—or 221,930—live in the Toronto Census Metropolitan Area (CMA). But an even larger number, about 484,655 people, self-identify as 'East Indian' in the Toronto CMA, reflecting responses from both immigrants and their Canadian-born children. The Indian government introduced a 'Person of Indian Origin Card' (PIO) in 1999 and tweaked the program in 2002. The card means former Indian citizens, along with eligible spouses and children, do not require a visa to enter the country or permission to work there, and buying residential properties is permitted. PIO cards have helped Indian banks operating in Canada arrange home financing loans. The State Bank of India—which has a Canadian subsidiary—says it is seeing a double-digit year-over-year increase in demand for its NRI home loan product. The Confederation of Real Estate Developers Association of India and the Maharashtra Chamber of Housing Industries teamed up with the CineMaya Media Group to host the recent 'Buy Indian Properties Expo 2008' in Toronto. 'We do plan to host another expo in Canada, perhaps in Toronto, and in Vancouver later this year,' said Nayan Padrai, CineMaya's president.

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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