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2 November 2008
20 October was the 20th day of the fourth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
20 October 2008
Canwest News Service - Canada ready to help Afghan negotiation talks: Ambassador (20 October 2008) After battling the Taliban for almost three years, Canada is ready and willing to help Afghanistan launch some kind of negotiation with the insurgents, the Canadian ambassador to Kabul said Monday in an interview. Ron Hoffman's comments appear to be the first by a Canadian diplomat to voice clear support for Afghanistan in its attempt to reach out to insurgents. Hoffman insisted there are real signs of progress. The Afghan government has made concerted efforts recently to try to bring the insurgents to the negotiating table, even asking the Saudi government to lobby the Taliban to enter talks. Hoffman said the administration of President Hamid Karzai is also trying to launch a new reconciliation process at the local level, administered by provincial governors, and Canada is prepared to be involved in Kandahar province. The programme might involve relocating fighters or offering them protection, job training, or other help, and the Canadian government would be willing to fund such measures, said Hoffman.
The Toronto Star - Legislature reaps sweet fruit of bipartisanship (20 October 2008) A little history was made last week in the Ontario legislature when Ted Arnott, the Progressive Conservative MPP from Wellington-Halton Hills, moved first reading of a bill co-sponsored by Maria Van Bommel, the Liberal MPP from Lambton-Kent-Middlesex. The initiative—which would proclaim 1 August each year as Emancipation Day, in recognition of the abolition of slavery in the British Empire in 1834—was one on which all but the most contrary could agree. Still, with new legislature rules making such co-sponsorship possible, it was the first of its kind. Also recently, Conservative Ernie Hardeman from Oxford had moved a private member's bill helping local farmers . . . . To his considerable surprise, Hardeman—expecting the automatic opposition that such initiatives normally provoke—found the bill supported by members from all parties. 'On behalf of the citizens in the riding of Peterborough, we wholeheartedly, 1,000 per cent, support the private member's bill from my good friend from Oxford,' said Liberal Jeff Leal.
Reuters Canada on Toronto stock index soars in broad rally (20 October 2008) Toronto stocks soared more than 7 per cent in a broad-based rally Monday. The TSX composite index rose 688.91 points, or 7.2 per cent, at 10,251.40, with all but one of its 10 main groups higher. The energy sector soared 14.3 per cent. The materials group jumped 10.8 per cent. The gains built on last week, when the index rose 5.5 per cent for the week, its biggest such gain since 2002. The blue chip TSX 60 index closed up 7.56 per cent on Friday.
From a Bloomberg News report on this: An index of financial companies added 5 per cent on Friday. Royal Bank of Canada advanced 7.7 per cent, Canadian Imperial Bank of Commerce rose 5.2 per cent, while National Bank of Canada gained 5.2 per cent. 'Rates will probably come down again tomorrow,' said Greg Eckel, who helps oversee about C$1 billion as a fund manager at Morgan Meighen & Associates in Toronto. 'Financials have everything going in their favour now. We're starting to see some things working again.'
The Globe and Mail on markets ride wave of optimism (20 October 2008) In a sign that fear is beginning to subside, stocks took off Monday, sending all the world's major indexes substantially higher. Canada's benchmark index enjoyed one of the biggest gains, rising 7.2 per cent in a widespread rally that rewarded stocks in just about every sector. Bullishness has become all the rage. The good news is that there is sound reason for this newfound optimism. Several indicators suggest that frozen credit markets are beginning to thaw.
The Canadian Press - Markets showing sign of improvement as actions boost confidence, conference told (20 October 2008) Credit markets are showing signs of improvement as actions around the world are beginning to boost confidence in the system, Canadian banking and market experts said at a conference sponsored by Quebec's securities regulator. The size and frequency of recent actions by global governments and central banks is making a difference, said Barbara Stymiest, chief operating officer of the Royal Bank of Canada. Canada and the country's chartered banks have performed relatively well throughout and are comparatively well-positioned, she said. The Canadian government and Bank of Canada have taken several steps to bolster the position of the commercial banks. 'I am encouraged by the fact that you're starting to see some sign that the credit market is getting a little bit better,' the head of Canada's stock exchange, TMX chief executive Thomas Kloet, said in an interview after addressing the conference.
The Globe and Mail - Lending rates between Canadian banks fall (20 October 2008) Lending rates between Canadian banks are dropping as global credit market pressures decline, which should ease the pressure on companies and consumers seeking loans. The premium that Canada's banks are charging one another to borrow shrunk for a third straight day. Monday morning, the rate on a three-month loan declined by about one-tenth of a percentage point to 0.9 percentage point over expected central bank rates. That's the smallest premium since the end of September, signalling banks are trusting one another more. When banks can borrow at lower rates, they are usually more keen to lend to consumers and businesses because those loans become more profitable.
The Globe and Mail - Third-quarter earnings expected to look good (20 October 2008) Investors get a chance this week to get back to company-by-company analysis as third-quarter earnings flood in. As far as the earnings reports go, results for the 60 biggest companies on the TSX composite index are expected to look very good. Earnings for the TSX 60 are forecast to be up 23.9 per cent during the third quarter from a year ago, said David Dropsey, a senior research analyst for Thomson Reuters First Call. Earnings for the energy sector are expected to be up 54 per cent, materials 62 per cent, and industrials 19 per cent, with sectors such as staples, technology, and utilities up between 3 to 5 per cent, he said.
Reuters Canada - Demand for BPA-free bottles grows after Canada ban (20 October 2008) Canadian makers and suppliers of bisphenol A-free products were bracing for heightened demand for their products after Canada banned its use in baby bottles. The chemical, used to harden plastics, is suspected of hindering child development. Studies have also shown that overexposure at an early age could cause behavioural and neurological symptoms later in life. Born Free Canada, in Vaughan, Ontario, makes BPA-free bottles and cups as well as glass bottles and distributes to the large retailers, including Shoppers Drug Mart and Loblaw Cos. These and other major retailers stripped their shelves of products containing BPA earlier following the April announcement that signaled the move. Born Free Canada saw huge demand for its products at that time and expects a similar response from the latest news.
The Canadian Press - Study says message applies worldwide: Eat fruit, vegetables for healthy heart (20 October 2008) Eating a so-called western diet rich in meat, fried foods, and salty snacks significantly raises the risk of having a heart attack in people around the world, a study of dietary patterns suggests. 'What we found was that if you ate a westernized diet, no matter which country you're in, then it's bad for you,' said senior author Dr Salim Yusuf, director of the Population Health Research Institute at McMaster University in Hamilton, Ont. 'And if you ate a prudent diet, no matter which country you're in, it was good for you.' A western diet was found to increase the risk of heart attack by 35 per cent, while a prudent diet—one that includes lots of fruits and vegetables—cut the risk by 30 per cent, the researchers said. The study, published in Circulation: Journal of the American Heart Association, analyzed data on about 16,000 participants in 52 countries. The message, Dr Yusuf said, is simple: 'Eat lots of fruits and vegetables . . . . It will help you. It's almost what your grandmother told you to do and it's nice that science is reinforcing it.'
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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