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Good news report from Canada

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4 October 2008

25 September was the 25th day of the third month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

25 September 2008

The Canadian Economic Press - Canadian business confidence rises as energy costs drop, CFIB says (24 September 2008) Small- and medium-size business confidence in Canada improved slightly in the third quarter of 2008 compared to the previous three months, the Canadian Federation of Independent Business (CFIB) says. The CFIB's Business Barometer index, based on its quarterly survey of the institution's membership, rose slightly in its September 2008 third-quarter survey to 101.8 from its previous mark in June of 100.7. 'Growth in the index is modest . . . but the index lends support to the idea that Canada's main street economy is far more stable than recent stock market developments indicate,' the CFIB report says. Ted Mallett, CFIB's chief economist, said the fact the Business Barometer index hadn't continued to slide downward but instead lifted somewhat was perhaps the most interesting finding of the survey. 'It certainly looked like the small business sector had not seen a decline in confidence from June to September.' Mallett acknowledged the CFIB survey was conducted two weeks prior to the collapse of several US investment banks. But Mallett said Canadian firms had already been dealing with a very volatile situation in the US. The 2-12 Sept. survey revealed that 41% of respondents saw the next 12 months as being better for their firms and 21% saw things weakening. In the last survey, the same proportion of respondents were optimistic about the next 12 months, but 25% saw things getting worse. Continued complaints among business owners of difficulties with labour availability indicate a certain degree of continued health in the economy, he said. 'The fact there is still some pressure in employee supply suggest[s] the consumer economy and employment picture are holding up relatively well,' he said.

The Globe and Mail on continuing confidence in third-quarter corporate earnings (25 September 2008) A collapse is not in the cards for Canadian third-quarter corporate earnings in spite of all the dire news on the world's financial markets. To date, the confidence of analysts projecting year-over-year profit gains for companies that make up the TSX 60 has barely wavered, according to consensus estimates issued by Thomson Reuters. The expectation is that third-quarter earnings reported by the TSX 60 companies will be up 27.6 per cent from the corresponding period a year earlier. This is down only slightly from the estimates of 30.2 per cent issued by analysts in July of this year—and well above the long-term historical average of annual earnings growth increases in the range of 7 to 8 per cent.

The Toronto Star - Credit crunch will squeeze Canada less: Carney (25 September 2008) 'The stronger financial position of Canadian banks,' Bank of Canada governor Mark Carney told the Canadian Club in Montreal, 'means that they now borrow at rates considerably lower' than their peers. As a result, Carney said, Canadian financial institutions aren't restricting the availability of credit to households or businesses. In fact, credit growth has been 'surprisingly robust', he said.

From a Canadian Economic Press report on this: 'In addition, the Bank of Canada has eased its overnight rate substantially since the onset of the crisis,' Carney said. 'As a result, the effective borrowing costs faced by banks, businesses, and households are estimated to have fallen over the past year.'

The Canadian Press on strong luxury home sales across Canada (25 September 2008) Sales of luxury homes 'remain exceptionally strong', according to real estate giant Re/Max Canada. The new Re/Max upper-end report on 15 cities across the county found an upswing in 10 during the first seven months of the year.

From a Canadian Economic Press report on this: Gains in sales came in Regina, where luxury home sales are up 306% from January to July 2007; Winnipeg, where luxury sales are up 89%; St. John's, up 78%; Saskatoon, up 72%; Kitchener-Waterloo, up 47%; Ottawa, up 36%; Halifax-Dartmouth, up 20%; London, up 14%; Greater Vancouver, up 5%; and Victoria, up 4%.

From a CBC News report on this: 'In two-thirds of the markets we surveyed, demand for upscale homes surpassed peak levels reported last year,' says Elton Ash, regional vice-president of Re/Max's western Canadian operation. Further, Re/Max said the price tag for this type of home in some urban markets is still rising.

The Canadian Economic Press on house prices not overvalued (25 September 2008) Strict lending practices and the overall strong position of Canada's financial institutions make this country well-positioned to avoid a housing crash, says a report from Desjardins. The report says real estate in this country is not overvalued and should avoid widespread price declines. 'Price advances had been supported by fundamentals—strong employment and low interest rates—not softening credit conditions,' wrote the report's author, Desjardins senior economist Helene Bégin. She argues that price declines are not widespread but contained to several western Canadian cities, where prices had rocketed to stratospheric levels. 'Since these same cities had carved the path to soaring home values and their weighting in the volume of sales had increased over the years, the downward shift in prices is enough to slash average home prices across the board in Canada,' says B�égin. Other markets would have to deteriorate significantly to see prices shift further downward, and markets such as Montreal, Quebec, and Ottawa, where slight listing shortages have been reported, seem to be 'sheltered from any possible depreciation,' B�égin writes.

CBC News - Moncton and Dieppe still booming: development officers (25 September 2008) Things are still booming in Moncton and Dieppe, New Brunswick. Both cities are predicting record years for construction. Ben Champoux, business development specialist for Moncton, said that by the end of September, there will be nearly C$100 million in new projects approved for the city. 'And considering what's in the pipeline between now and the end of December, it could be a record year,' Champoux said. Roger Melanson, general manager of Dieppe's economic development corporation, said that city will have a record C$74 million in new construction by the end of the month. Both development officers said they're optimistic the boom will continue into 2009. Moncton was named the best place for business in Atlantic Canada and New England (US) for the second year in a row, according to a KPMG report released in the spring.

CBC News - Organic cheese production begins on P.E.I. (25 September 2008) Amalgamated Dairies in Summerside, Prince Edward Island, processed the first commercial organic cheese in the Maritimes this week. The milk comes from four organic dairy operations. The organic dairy farmers are getting a premium for the milk.

Canwest News Service on Canadian study found honey . . . treats sinusitis better than drugs (23 September 2008) Chronic sinusitis infects 31 million Americans each year, clogging the spaces behind the forehead, nose, and cheekbones. Honey has also been used for centuries to treat infected wounds and burns in much of the world.

The Globe and Mail - Earth's oldest rocks found in Quebec (25 September 2008) Canadian researchers have discovered the oldest rocks in the world. The remnants of the Earth's early crust are 4.28 billion years old and were found in a belt of ancient bedrock along the eastern shore of Hudson Bay in northern Quebec. They have been around since roughly 300 million years since the planet was formed 4.6 billion years ago, says Jonathan O'Neil of McGill University, the lead author of a paper published Friday in the journal Science. The rocks offer scientists a glimpse of what the young Earth looked like. The other researchers are Don Francis at McGill, Ross Stevenson at the Universit�é du Qu�ébec à Montr�éal, and Richard Carlson at the Carnegie Institution in Washington.

From a Canwest News Service report on this: The rocks are on Inuit land, about an hour's canoe trip from the community of Inukjuak. The Inuit gave the scientists permission to work on the site and have been helping with logistics.

From a Reuters Canada report on this: 'It's layered pink. And then it's got big garnets in it that make big, round blobs in the layering,' Dr Carlson said.

From a Montreal Gazette report on this: Jonathan O'Neil used a radioactive isotope to date the rocks, believed to be oldest remnants of the Earth's first crust. 'When I went back this summer and walked there again, knowing they were the oldest rocks in the world, I have to say it was kind of special,' O'Neil said.

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:

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