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Good news report from Canada

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25 September 2008

12 September was the 12th day of the third month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

12 September 2008

The Canadian Economic Press on record exports and imports in July (11 September 2008) Canadian imports and exports both hit record levels in July, but with imports growing faster than exports the country's international merchandise surplus slipped to C$4.85 billion, Statistics Canada reported. Exports were 2.2% higher than in the previous month at C$44.3 billion on stronger volumes and increased prices. Imports, meanwhile, rose 4.5% to C$39.4 billion. Canada's trade surplus has remained well above C$4 billion for six consecutive months after falling to C$2.1 billion in December and C$2.5 billion in January. Exports to the United States rose 3.1% to C$34.2 billion in July while imports were up 8% at C$25.3 billion producing a trade deficit of C$8.9 billion, down from C$9.7 billion in June. The trade deficit with countries other than the US narrowed slightly in July to C$4 billion, down from C$4.1 billion in June.

From a Globe and Mail report on this: The volume of exports rose by 1.7 per cent, while their prices rose 0.5 per cent. Economist Krishen Rangasamy at CIBC World Markets said that the increase in export volumes in July suggests that gross domestic product for the third quarter is 'off to a good start.'

CBC News - August housing starts better than expected (9 September 2008) Canada's housing starts jumped 15 per cent in August, substantially exceeding industry expectations, Canada Mortgage and Housing Corporation (CMHC) said. On an annualized basis, 211,000 new units were begun in August. That was a big increase compared to the 186,500 new-home starts in July. The news was even better considering that housing starts fell almost 14 per cent in July compared to June. Thus, analysts were worried that this sector, an indicator of economic expectations among consumers, was slipping rapidly. Instead, the August numbers show a housing industry that might be coming back, CMHC said. 'After a brief pause in July, the volatile multiple segment bounced back to a level of activity that is more consistent with our forecast for this year,' said CMHC chief economist Bob Dugan. 'Most of the volatility in housing starts over the last three months reflected swings in multiple starts in Ontario,' CMHC said. Indeed, Canada's most populous province saw its urban housing starts soar by 81 per cent, or 86,500 units. RBC assistant chief economist Paul Ferley had predicted new homes to be up 4.6 per cent in the month. The Bay Street consensus was for housing starts of 190,000 on an annualized basis. In fact, August new-home starts grew at a rate three times faster than Ferley's estimate and 11 per cent higher than analyst expectations.

From a Globe and Mail report on this: The unexpectedly strong rebound came a day after figures for the value of building permits issued in July also far surpassed expectations, rising by 1.8 per cent to C$6.4 billion. 'The jump in August starts provides some optimism, along with last Friday's August employment report, that the economic picture may not be as bleak as GDP numbers implied over the first half of this year, where the economy recorded essentially no growth,' Royal Bank of Canada assistant chief economist Paul Ferley said in a commentary.

CBC News on new home prices in July (11 September 2008) Inflation-adjusted prices for new homes nationwide were up 2.7 per cent in July from the same month the year before (and 0.1 per cent from June), Statistics Canada reported.

From a Globe and Mail report on this: Regina again showed the strongest growth nationally, at 29.6 per cent. Toronto posted an annual increase of 3.7 per cent and Ottawa-Gatineau of 4.3%, while growth in Montr´┐Żéal accelerated to 5.7%. Eastern Canada was also strong as prices rose 24.3 per cent in St John's, Newfoundland (the second biggest gain after Regina and its fourth consecutive record increase) and 7.3 per cent in Halifax on an annual basis.

The Globe and Mail - A condo boomlet (12 September 2008) One weekend this summer, John Rocca presold 38 condos in downtown Saint John, New Brunswick. It was more new condo units than had ever been sold in the city core—not only in a single weekend, or in a single year, but ever before, in total, in Saint John's history. Mr Rocca's 125-unit Harbourfront Residences complex (priced from C$150,000 to C$700,000) is to be completed over two phases by the summer of 2010. He insists that his development, and a number of other new projects in downtown Saint John, do not hinge specifically on construction of a proposed new Irving Oil refinery. In Saint John, he says, 'people don't pay hard cash for dreams.' He sees signs of an economic upturn. The tipping point for the condo project came earlier this year when homes started selling for more than the asking price. 'The timing was right,' he says.

The National Post - The condo green revolution (12 September 2008) A great green wave is washing over Toronto's waterfront condos. Green is a revolution in design, construction, and operation that places protection of the environment and healthy living at the top of developers' agendas. 'Green is definitely taking hold,' says Barry Lyon of Barry Lyon Consulting, one of Canada's top real estate consulting, research, and project management companies. 'It is being led by the city, which is mandating new construction standards. 'Builders across the board have accepted the challenge.' To date, the biggest step forward has been in energy conservation. Energy Star rated appliances and the use of energy saving devices and motion detecting lighting in public spaces have become almost standard in new waterfront condos. Their easy acceptance is driven by a single very practical reason—substantial cost savings on the monthly energy bill. But there are signs of developers taking the next great leap forward in this green revolution. In Whitby, for example, Liza Communities is building the first waterfront condo project—Shorelands—that will qualify for a LEED Gold standard rating, the second highest category awarded. Amexon's South Beach project is another breaking new ground in the move towards green. South Beach's two towers will each have solar panels on the roof that will feed energy into the grid that runs the buildings' electrical systems. It will also feature rooftop gardens to help insulate the towers, provide visual pleasure, generate oxygen at night and help filter rainwater that will be used to water the extensive landscaping on the site.

The Toronto Star - Toronto could become electric transportation hub (10 September 2008) The Ontario government is in early talks with a technology company about turning Toronto and surrounding areas into an electric transportation hub. Palo Alto, Calif.-based Better Place would make its money by setting up regional Electric Recharge Grid Operators, which would sell energy to electric-car drivers as part of a monthly subscription. Sandra Pupatello, the province's minister of economic development and trade, invited Better Place to give a presentation on 13 Aug. According to a presentation document, Better Place and private partners would invest more than C$150 million in Ontario to set up a local grid operator and infrastructure around an 80- to 160-kilometre radius of Toronto to support 100,000 electric-car subscribers. The company said every 10,000 electric vehicles connected to the service would reduce the amount of gasoline imported into the province by 23 million litres annually. Better Place is returning to Toronto on 22 Sept. to meet with transmission giant Hydro One, green power retailer Bullfrog Power, and officials in the Mayor's office. Ben Marans, manager of special projects at the Toronto Atmospheric Fund, an environmental funding agency for the city, said the province would need a commitment from a manufacturer to build electric cars in Ontario. 'We are endeavouring to do just that,' said Sean Harrington, head of global development at Better Place. 'This could be the epitome of manufacturing meeting the environment,' said Pupatello. Better Place would own the batteries that would give each car a range of at least 160 kilometres per charge, well within the average 70km daily commute for drivers. Drivers could recharge at home overnight or, if they have a few hours, at various charging stations. Alternatively, they can drive into a battery-swap centre, where robots take out the depleted battery and install a fully charged one within minutes. Marans said the battery-swap stations could serve as storage for renewable energy such as wind in Ontario, both charging batteries and dispatching power at times of peak demand.

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.

For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.

© Copyright 2008 Global Good News®

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