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24 September 2008
8 September was the 8th day of the third month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
8 September 2008
The Financial Post - Job gains beat expectations (5 September 2008) The Canadian labour market added 15,000 new jobs in August, Statistics Canada said. The uptick was higher than many economists had forecast. Most called for a net addition of about 10,000 jobs in August. Job gains were led by a broad range of sectors. The education and construction sectors had the biggest pop in new jobs, however. The higher-than-expected job growth provided some evidence that July's plunge was an 'overstatement' of weakness in the economy, according to Paul Ferley, assistant chief economist with RBC Economics. 'It also reinforces the Bank of Canada's contention . . . that though the domestic economy has slowed, it still remains strong,' he said.
From a Canwest News Service report on this: 'On balance, this is a good report and suggests that the Canadian labour market is not in as bad shape as feared, since the composition of job gains was healthy,' said Charmaine Buskas, economics strategist at TD Securities. Earlier this week, the Bank of Canada held its benchmark interest rate at three per cent after stating Canada's economy was in better shape than most this year.
From Canadian Economic Press reports on this: The construction sector remained Canada's fastest growing industry in August, with employment up 18,500 from the previous month and 98,700 from a year ago. Education employment increased by 30,000 in August. The hard-pressed manufacturing sector managed a gain of 13,800 jobs in August. Year-over-year hourly wage growth for August was 3.8%. Economists greeted the latest Canadian employment numbers with cautious optimism. Still, the monthly rebound was stronger than expected and the details 'were even more impressive,' with job gains all in full-time, private sector positions, CIBC's Avery Shenfeld said.
From a Bloomberg News report on this: Canada gained more jobs than anticipated, indicating the economy picked up steam after shrinking earlier in the year. The job gain comes after a rebound in growth reported last week.
From a Reuters Canada report on this: 'The details of the report are stronger than the surface, the surface is fine to begin with, and it all does speak to a Canadian economy that is not quite as weak as is popularly believed,' said Eric Lascelles, chief economist and rates strategist at TD Securities.
The Financial Post - Building permits post surprise gain (8 September 2008) Building permits rebounded 1.8% in July. Statistics Canada reported that the value of new permits countrywide increased to C$6.4-billion in July. The rise in July permit applications for new home as well as commercial and industrial buildings bucked expectations from economists. Most had expected a month-to-month fall of at least 0.5%, with some expressing concerns new permit applications would fall by as much 2%. Instead, the residential sector saw a 2.7% increase in the value of building permits to C$3.7-billion in July. The value of municipality approvals on new multi-family dwellings was up 24.4% led by increases in Ontario, Quebec, and Manitoba.
From a Globe and Mail report on this: The biggest gain came in Quebec, where the total value of residential and non-residential permits jumped 13.2 per cent from June.
From a Canadian Press report on this: Municipalities approved 19,518 new residential dwellings in July, up 12 per cent. The numbers were 'certainly . . . stronger than (financial) markets were expecting,' said Craig Alexander, TD Bank's deputy chief economist. 'The main point here,' said Douglas Porter, an economist with BMO Capital Markets, 'is that the construction sector is still holding up well. 'We had a sign of that from last Friday's job report which showed another big increase in construction payrolls.' This upbeat building permit report 'shows there is still quite a bit of underlying strength in both residential and non-residential construction'.
Canwest News Service - Post-secondary students and grads upbeat despite downturn (4 September 2008) The slump in the economy hasn't dampened the spirits of post-secondary students and recent graduates. Nearly two-thirds say current economic conditions will not hurt their job prospects, and almost three-quarters believe they will be better off or the same financially in one year's time, a survey by pollster Harris/Decima for BMOBank of Montreal found. 'It's encouraging to see the optimistic outlook of Canadian post-secondary graduates,' BMO vice-president Sid Chopra said. 'The survey results show that students feel positive about their future regardless of the economic climate. They are confident there will be a high demand for qualified graduates—particularly in the education and technology sectors.' And nearly 60 per cent anticipate they'll be ready to buy their first home in three to eight years. Home ownership within that time is ambitious, but not unrealistic, Chopra said. The cross-Canada survey of 1,005 students and recent graduates was conducted from 31 July 31 to 7 August 2008.
The Globe and Mail on forest sustainability (8 September 2008) Respect for sustainability in the logging industry appears to be on the rise. Last week, AbitibiBowater Inc., the world's biggest newsprint producer, announced that it will seek certification under the strictest sustainability standards on a portion of the lands it manages in Canada. Also in the news last week, a study estimating the economic benefit of conserving an old-growth forest in the Lower Mainland of British Columbia concluded that the value per tonne of carbon storage could hike its worth as a living entity above the revenue to be made from cutting it down. Although Abitibi will only certify three forest units under the Forest Stewardship Council (FSC) standards, its forest management practices in those areas (in Ontario, Quebec, and Nova Scotia) will have to be approved by environmental groups, First Nations, and local communities. The FSC restricts the size of clear-cuts and requires measures to protect biodiversity.
CBC News - Manitoba, Ottawa come to agreement on 'Jordan's Principle' (5 September 2008) Manitoba and Ottawa have reached an agreement aimed at putting jurisdictional issues aside when dealing with children with severe disabilities who live on First Nations reserves. The agreement to implement 'Jordan's Principle' is named for Jordan Anderson, who was born in 1999 on a northern Manitoba reserve with a complex genetic disorder that required specialized care. When he died at age four, he had spent his entire life in an institutional setting, far from his family's community, as the provincial and federal governments argued over who would foot the bill for his care. Now, the Manitoba and federal governments have agreed that First Nations children on reserves with multiple disabilities 'should receive the same level of service . . . as children with similar needs living in similar geographic locations', provincial officials said. The governments will work together on a mechanism to deal with any disputes. In the interim, processes are now in place 'to ensure that another case like Jordan's does not occur', officials said. The agreement is the first of its kind to use Jordan's Principle, said federal Indian and Northern Affairs Minister Chuck Strahl.
The Toronto Star - Atom-smasher revs up for big bang (6 September 2008) Canadian physicist Richard Teuscher is the University of Toronto's lead hand in a project that has consumed the collective brainpower of a generation of the world's finest particle physicists. The Large Hadron Collider (LHC), inside a 27-kilometre tunnel near Geneva, will generate beams of protons approaching the speed of light. And when they collide—this is the whole plan, to smash protons with unprecedented energy in order to see and study their revelatory fragments—the hope is science will vault one great leap forward toward understanding the making, if not the meaning, of the cosmos.
On 21 October, dignitaries from the 20 countries will gather to officially cut the ribbon on a new era in physics. Canada is deeply involved in the sub-project known as ATLAS, a multi-faceted data collection device the size of a cathedral. The project involves the University of Toronto among a dozen Canadian universities and labs working in collaboration with more than 150 other institutions in 37 countries. As many as 40 million particle collisions are anticipated each second, generating enough information daily to fill a 10-km tower of CDs. Filters will exclude all but the rarest results. 'But, even after all the filtering, we will be writing out an encyclopedia worth of data every few seconds,' said Teuscher. 'We anticipate tremendous knowledge will come of it. We anticipate a whole paradigm shift.'
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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