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Good news report from Canada

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30 September 2008

19 September was the 19th day of the second month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

19 September 2008

Reuters Canada - TSX soars to biggest gain in 21 years (19 September 2008) Toronto stocks soared Friday, as US-led moves to shore up the global financial system sparked a rally across all stock sectors. The TSX composite index jumped 848.42 points, or 7.03%, to finish at 12,912.99, marking its largest one-day percentage gain since 1987 and biggest one-day points gain ever. The materials and energy sectors led with gains of 9.6% and 8.9%. The financials sector rose 5.7% to its highest level in three months.

From a Bloomberg News report on this: Toronto-Dominion, the second-largest lender in Canada by assets, gained the most in more than nine years, rising 7.8 per cent. Royal Bank of Canada, the biggest, climbed 7.5 per cent, its steepest gain in 3 ½ years. Blackberry-maker Research In Motion gained the most in 14 months, climbing 13 per cent.

From a Canwest News Service report on this: All 10 of the benchmark index's subindexes were in positive territory, with 222 stocks advancing and only 25 losing ground.

From a Toronto Star report on this: The benchmark index recorded a gain of more than 140 points, or 1.1 per cent, on the week. (The TSX also rallied nearly 200 points on Thursday.)

From a Financial Post report on this: Friday was the biggest one day creation of stock market wealth in Canadian history. Stocks around the globe also roared. In the US, the Dow Jones Industrial Average rocketed more than 368 points on top of a 450-point surge on Thursday. Meanwhile, the London stock market had its biggest one-day gain ever of 8.85 per cent.

From a Canadian Press report on this: European and Asia-Pacific stock markets also surged. The Paris CAC-40 advanced 9.25 per cent. In China, the Shanghai benchmark jumped 9.5 per cent—its biggest one-day gain ever as well.

Canwest News Service - Shafts of sunshine poke through economic thunderheads (18 September 2008) A dose of good news was desperately needed. And it was delivered Thursday by the world's central banks in a co-ordinated US$180-billion liquidity package for struggling credit markets. As well, there was an ensuing rebound in stock markets. And in Canada, evidence emerged of some recovery in consumer confidence and economic activity. Canadian investors received added reassurance from a swath of good economic news—a second straight monthly recovery in consumer confidence, a rise in a barometer of the short-term outlook for the economy, and strong sales by wholesalers—all of which suggest that at least until the latest financial turmoil, there were some signs of an overall economic recovery. TNS's consumer confidence index rose this month to 99.6 from 98.3 in August, and 96.5 in July. And wholesale sales rose 2.3 per cent in July. 'On balance, this is a very strong report and encouraging,' said TD Securities economist Charmaine Buskas. Further, Statistics Canada said its barometer of the short-term outlook for the economy rose by 0.2 per cent in August following a flat July, pointing to some modest pickup in economic activity this fall.

Canwest News Service - Trade pact with EU would give Canada $15B boost: Report (19 September 2008) An executive summary of a draft Canada-EU joint study estimates a free trade deal between Canada and the European Union would bring a C$15-billion gain for Canada and a C$21-billion boost for Europe. The EU has half a billion people and an economy slightly larger than the US economy. Canada's C$15-million increase in 'annual real income' would represent a little over one per cent of Canada's C$1.3-trillion gross domestic product. Europe's C$21-billion gain would represent about 0.1 per cent of the EU's GDP, according to the draft study. The executive summary notes that the relationship is important to both sides. The EU is Canada's second most important trading market after the US, while Canada is Europe's 11th most important trade partner. Investment ties are even stronger, with Europe being Canada's second-largest source of investment while Canada is the EU's third-largest.

The Canadian Press - Rule change to let more US, out-of-province doctors work in Ontario (19 September 2008) The College of Physicians and Surgeons of Ontario has approved a policy that will allow doctors licensed in other parts of Canada to register in the province. Doctors from the United States who have completed post-graduate training and exams will also be able to practise as of 1 December. The college says it expects the changes will bring hundreds of doctors to the province, which faces a chronic doctor shortage. The province and college are also trying to increase the number of internationally trained doctors who practise in Ontario by expediting the certification process. More than 5,000 internationally trained doctors currently practise in Ontario—about a quarter of the physician workforce.

The Toronto Star - Province to push renewables (19 September 2008) Energy and Infrastructure Minister George Smitherman has directed Ontario's power authority to review and 'fine tune' the province's 20-year energy plan with the goal of accelerating conservation efforts and adding more renewable energy to the electricity mix. Inspired by recent learning expeditions to Spain, Denmark, and Germany, considered global leaders in renewable energy adoption, and to California, the energy-conservation capital of North America, Smitherman said he's convinced that more can be done in Ontario to unlock the potential of conservation and clean energy. The review will also look at ways to improve transmission capacity that has limited the development of renewable-energy projects. Environmental groups appreciated the strengthened commitment to green power and conservation. Under the current plan, Ontario's nuclear power capacity is limited to 14,000 megawatts, which will be maintained. Renewable energy has been doubled to 15,700 megawatts, while conservation and demand management efforts are targeting a 6,300-megawatt reduction in peak-time energy consumption by 2025. Smitherman said Ontario hasn't begun to scratch the surface and the government isn't going to rest on its laurels 'I'm pretty stoked, really, about the early progress that we've made, and the message that sends about the next steps.'

The Canadian Press - Education, Inuit language acts become law in Nunavut (19 September 2008) Two major bills were signed into law by the Nunavut legislative assembly. MLAs unanimously voted to pass the Inuit Language Protection Act and Nunavut's own Education Act. The language legislation will give the Inuit languages—which include Inuktitut Inuinnaqtun—the most powerful protection among Canada's aboriginal languages, guaranteeing that services in both the public and private sectors are provided in an Inuit language. It also creates a Ministry of Languages, which will implement the legislation. Nunavut's education laws were replaced by the new Education Act. Alice Ladner, executive director of the Coalition of District Education Authorities, said parents now will have more say in their children's education. The act will also inject more money into the public education system and bring elders into the classroom more often, said Jimmy Jacquard, president of the Nunavut Teachers' Association.

From another Canadian Press report on this: The Inuit Language Protection Act states that residents have a right to use their mother tongue. 'The Inuit language is at the heart of our culture and identity,' said Louis Tapardjuk, Minister of Culture, Language, Elders and Youth. 'We have taken strong action to ensure that the Inuit language is and will remain at the centre of work, education, and daily life in Nunavut.' People working with the government and customers in shops and other businesses will have access to the Inuit language. Inuit language instruction will be compulsory for students in kindergarten to Grade 3 as of next July and for all other grades by 2019. It is to be the language of work in the public service as of 18 Sept. 2011. Trends show the use of Inuktitut is strong but threatened. Rhoda Ungalaq, who teaches Inuit languages at Nunavut Arctic College, said the language is being kept alive by elders. 'This legislation is going to be a help,' she said. The Official Languages Act was also passed this spring by the legislature, which puts the Inuit language on par with English and French as the region's official languages.

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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