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14 October 2008

3 October was the 3rd day of the fourth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

3 October 2008

CBC News - N.B. signs cross-border work agreement with Quebec (3 October 2008) New Brunswick Premier Shawn Graham and Quebec Premier Jean Charest signed a labour mobility agreement Friday. The change is good for New Brunswick workers, Graham said, because construction workers do not have the same opportunities to work in Quebec as Quebec workers have had in New Brunswick. 'Today we have eliminated that barrier to labour mobility. And now it's the workers which are the top priority and will be able to move over with ease across the border, and, at the same time, have gainful employment and still reside in the community where they live,' Graham said. The deal is a prelude to a Canada-wide agreement that is expected to be in place by next spring.

The Globe and Mail - Provinces key to EU trade deal, Quebec Premier says (3 October 2008) Canada's premiers will play a pivotal role in the country's efforts to integrate its economy with the 27 nations of the European Union, Quebec Premier Jean Charest says, because it involves issues that primarily fall under their jurisdiction. Mr. Charest described the proposed pact as a groundbreaking initiative on a scale that has never been attempted. The fact that provinces will be at the negotiating table reflects their efforts to play a major role in charting the country's destiny on key issues where their interests are at stake.

The Globe and Mail - McGuinty and Charest: a fine bromance (3 October 2008) Ontario Premier Dalton McGuinty and Quebec Premier Jean Charest spend a lot of hours working together on issues. Their cabinets have even sat down together to see what they can do in common. The two leaders have decided they can exert more influence on Ottawa if they bond at the hip. They have decided to downplay their disagreements and focus on wielding the clout of the fourth biggest regional economy in North America. They have decided to be friends.

The Canadian Press on Prime Minister Harper and Finance Minister Flaherty on the economy 3 October 2008) Prime Minister Harper and Finance Minister Jim Flaherty continue to insist the economy is fundamentally sound. 'The Canadian economy has continued to create jobs—it's slower than it was, but it continues to grow,' Harper said Friday. Meanwhile, in London, Ont., Flaherty said the domestic housing market is stable. 'Our fiscal fundamentals are solid, our banks are well-capitalized, our insurance companies are well-capitalized. Households are well capitalized.'

From a Reuters Canada report on this: Finance Minister Flaherty said the regulatory capital requirements for Canadian banks were among the strictest in the world. He repeated assurances by Bank of Canada Governor Mark Carney that there are few signs that banks are restricting credit to households and that there is no evidence that companies are facing unusual credit restrictions.

The Canadian Economic Press on report says Manitoba well-positioned (3 October 2008) Manitoba's gross domestic product (GDP) increased by 3.3% in 2007, the fourth year in a row of rising real GDP growth, according to an annual analysis by the Institute of Chartered Accountants of Manitoba. The report also notes that high tech is on the rebound, corporate taxes are headed down and exports are improving. 'Strong domestic and international demand boosted Manitoba's exports and business investment as a per cent of GDP rose significantly as well,' said the institute's CEO, Gary Hannaford. 'Manitoba enjoys both a broad mix of products and a diverse market for its exports,' he said. Reduced corporate tax rates also boosted private sector profitability in 2007, Hannaford said.

CBC News on credit agency improves outlook for Nova Scotia (2 October 2008) Dominion Bond Rating Service (DBRS), a Canadian agency that rates credit worthiness, improved its trend for Nova Scotia to 'positive' from 'stable.' The group said the province had cut its debt levels and improved its ability to service its outstanding borrowing enough to shift its outlook on Nova Scotia's prospects. 'The trend change reflects the notable progress the province has made in lowering its debt-to-GDP ratio; its prudent and forward-looking approach to fiscal management as demonstrated by its tight budgeting process and track record of healthy results; and its much improved debt structure,' DBRS said. In the past 10 years, Nova Scotia has cut the ratio of outstanding borrowing to net provincial income to 34 per cent from 50 per cent in 1997-98. 'The province has made significant progress in lowering its debt and has posted a surplus for seven straight years,' said provincial Finance Minister Michael Baker.

The Toronto Star on Canadian manufacturing leader optimistic about its future (3 October 2008) Canada's manufacturing sector is crumbling, but industry leader Jayson Myers says he's still optimistic about its future. Myers, president of Canadian Manufacturers & Exporters, told the Empire Club he sees companies here responding to competitive challenges and shaky economic conditions by changing their strategies and investing in new products, technology, and markets. 'I believe we are witnessing not the demise of manufacturing in Canada, but the emergence of a new, more innovative, more high-tech, more service-intensive and globally networked industry, bringing with it new opportunities for future growth,' he said.

The Canadian Press - Iraq war a mistake, Harper admits (3 October 2008) During the English-language leaders debate Prime Minister Harper, for the first time, conceded he was wrong about the US-led invasion of Iraq in 2003 and his advocacy of Canadian participation at the time. 'It was absolutely an error, it's obviously clear,' said Harper. 'The evaluation of weapons of mass destruction proved not to be correct. That's absolutely true. That's why we're not sending anybody to Iraq.'

The Globe and Mail - Next-gen builders push the envelope (3 October 2008) Maryam Mansouri, 28, vice-president of Liza Homes, belongs to the newest generation of suburban developers. They're young, and often (as Ms Mansouri is) the offspring of the strong older generation who took the farmland around Toronto and covered it with modern suburbia. They're well-educated and are green-minded to a degree that their parents never were. To get an idea of what this latest cohort of developers is up to, take Ms Mansouri's forthcoming Shorelands, —a tight-knit spread of town homes and low-rise condominium blocks in the town of Whitby, Ont. Ms Mansouri is aiming for a LEED (Leadership in Energy and Environmental Design) Gold rating for her development. There's one thing you don't see in Shorelands: a great suburban parking lot. 'For us, it was a big commitment to go with two levels of underground parking. But it does have a huge impact on our footprint, because it reduces the heat-island effect. And instead of having 50 per cent of the site given over to asphalt for parking, we have beautiful walkways and trees and our amenity area.' Green attitude, Ms Mansouri said, is something young developers know they have to cultivate. 'The world is changing, people are changing, the buyers are changing. And as the world is changing, we, as developers, must respond to that, and be responsible for our impact. What else can we do but react to that change of consciousness? 'You're creating a beautiful environment that, I firmly believe, people will be attracted to. That's how I look at it. I'm not building for someone else. I'm building for us.'

The Globe and Mail - High hopes for high tech (3 October 2008) Forty national flags hang in a row on a wall inside the Microsoft Canada Development Centre in Richmond, British Columbia, just south of Vancouver. They represent the diversity of the 325 software testers and developers working at the new facility. Though Microsoft already has development centres in other countries, the company chose the Vancouver region for another one partly because of a more welcoming immigration climate. Since opening in September, 2007 the company has grown to 325 people from 20—the vast majority coming from outside Canada—with plans to keep adding people quickly, eyeing a total contingent of more than 700. Last month alone, 25 new employees started work, another influx of highly skilled and well-paid people. One other important factor in Microsoft's choosing Richmond is the Vancouver region's diversity, which meshes well with the firm's work force, according to Parminder Singh, managing director of the development centre. Microsoft wants the centre to become a platform from which a stronger regional technology industry grows. The good news for BC is percolating promise. Metro Vancouver Commerce, a loosely united group of cities in the region, started work this year to market the area to businesses under the slogan 'Powerhouse. Paradise.' One of the first projects was a two-day visit to Beijing. 'None of the municipalities could have gone over there and done that on their own,' said Phil Heard, chief executive officer of the Vancouver Economic Development Commission. Working together requires a shift in thinking to co-operation from competition, Mr Heard 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.

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