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7 November 2008

29 October was is the 29th day of the fourth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

29 October 2008

Bloomberg News on Canadian stocks have best two-day gain in 32 years (29 October 2008) Canadian stocks rose Wednesday, sending the main index to its best two-day gain in 32 years. The TSX Composite Index rose 349.93 points, or 3.8 per cent, to 9,501.56, for a two-day gain of 11 per cent, its steepest rise since 1976. Mining companies had their biggest two-day rally on record as a gauge of commodities rose the most since 1956. A gauge of energy stocks climbed 7.5 per cent and a measure of materials shares added 11 per cent. The materials group notched a two-day gain of 22 per cent, the biggest since 1987, when Bloomberg's records begin. Manulife, the country's biggest insurer, rose 7.7 per cent, for a two-day advance of 20 per cent.

Reuters Canada - Earnings spark Bay St. rebound (29 October 2008) The TSX composite index surged Tuesday, closing up 614.29 points, or 7.2%, at 9,151.63, with all of its 10 main groups higher. The financials group rose 7 per cent. 'We've had pretty strong numbers from some bellwether companies like Rogers and TransCanada,' said Elvis Picardo, analyst at Global Securities in Vancouver. 'That may give investors some comfort that the earnings situation is not as bleak or as dire as some expected earlier this month.' From a CBC News report on this: The TSX composite index posted its fourth-largest point gain ever and matched its third biggest gain in percentage terms, as it rose 614.29 points, or 7.2 per cent, on Tuesday.

Bloomberg News - Bloomberg News - Oil, copper, wheat lead biggest commodity surge in at least five decades (29 October 2008) Crude oil, copper, wheat, and sugar led the biggest commodity surge in at least five decades Wednesday on expectations that lower borrowing costs will aid a rebound in demand. The Reuters/Jefferies CRB Index of 19 raw materials rose as much as 6.4 per cent, the most since at least 1956, when the data begin. Meanwhile, the Standard & Poor's GSCI Index of 24 commodities jumped as much as 8.1 per cent, the most since at least 1970. Corn and wheat rose the maximum permitted by the Chicago Board of Trade. 'Commodities are pricing in a recovery in demand that will be sooner than people had earlier expected,' said Eugen Weinberg, a commodities analyst at Commerzbank in Frankfurt.

Canwest News Service - Loonie gains the most in almost 40 years (29 October 2008) Not since Canada cut the Canadian dollar loose to float freely on world exchange markets nearly four decades ago has the Loonie [popular name for the Canadian dollar] gained as much in a single day as it did Wednesday. The Loonie leaped by a near record 3.87 cents US to 81.63 cents US, just two notches shy of the 3.89 cents US rise on 1 June 1970, when Canada moved to a floating exchange rate.

The Globe and Mail - Dollar stages unprecedented gain (29 October 2008) The Canadian dollar took flight Wednesday, building on Tuesday's gains to stage an unprecedented two-day rally—up more than 4.5 cents to 82.18 cents [US] at one point—from Monday's close of 77.59 cents. 'These are the strongest gains over a two-day period going back to 1971 [when the dollar was floated]. So yes, it's an unprecedented move,' Steve Malyon, a currency strategist with the Bank of Nova Scotia, said in an interview.

The Canadian Economic Press - Survey shows Canadians still ready to buy homes (29 October 2008) Global financial market turmoil doesn't seem to be having an effect on the home buying intentions of Canadians, according to a study released by RBC. The study found that 22% of Canadians intend to purchase a home within the next two years, unchanged from last January. 'Despite recent economic events, we've noted that Canadians still believe a home is a good investment,' said Catherine Adams, RBC Royal Bank's vice-president of Home Equity Financing.

The Canadian Economic Press - Average price of gas in Canada falls below $1 (29 October 2008) The average price of gas Canadians paid at the pumps last week continued to fall for the sixth consecutive week, with prices down on average another 6.6 cents in the week ending 28 Oct. The average price of regular unleaded gasoline in Canada for the week was C$0.988, down from C$1.377 six weeks ago. The weekly survey showed Ottawa had the lowest average price in the country, at C$0.903, down 7.7 cents from the prior week.

The Canadian Economic Press - Canadian average weekly payroll earnings increase (29 October 2008) Canadian payroll workers earned an extra C$1.94 a week on average in August compared with the previous month, Statistics Canada reported. Average weekly earnings were up 0.2% from July to C$792.56, and rose 2.8% compared with August, 2007. The strongest year-over-year earnings growth was reported in Saskatchewan (up 4.9%), Alberta (up 4.8%) and Newfoundland and Labrador (up 4.7%). The number of payroll employees in August was up 4,600 from July and has increased by 228,900 since August 2007.

The Regina Leader-Post - Wages and number of workers up in Saskatchewan (29 October 2008) Saskatchewan's booming economy scored a triple play on three different sets of economic statistics Wednesday. Statistics Canada reported that workers in the province received an average 4.9-per-cent higher weekly wage in August this year compared to August of last year. That is above the 2.8-per-cent national average and higher than in any other province. Other data indicated that Saskatchewan is tied with Alberta for first place in growth of the number of employees on the payroll for all industries. The percentage increase in both provinces was 2.9 per cent in a comparison of August of this year with August of last year. Yet another set of statistics showed that the number of people receiving regular unemployment benefits in Saskatchewan in August dropped by 9.5 per cent compared to August of last year. That was the steepest drop in the country.

The Regina Leader-Post - Upward trend in value of Saskatchewan farmland continues (27 October 2008) The average value of farmland in Saskatchewan increased by 5.6 per cent in the first half of 2008, continuing an upward trend that began 18 months ago, according to Farm Credit Canada (FCC), Canada's leading provider of agricultural financing. Saskatchewan farmland increased three per cent in value in the first half of 2007 followed by a 7.8-per-cent increase in the last half of last year, said FCC's farmland values report, which is published twice yearly. Those increases are in sharp contrast to the trend of the last 10 years, which saw declines in farmland values of up to 4.3 per cent between 1999 and 2002, and modest increases of up to 2.9 per cent from 2002 to 2007. Overall, Canadian land values increased by 5.8 per cent in the first six months of 2008.

Canwest News Service - Country's largest wind farm slated to be developed in Ontario town (29 October 2008) A southwestern Ontario town council has approved a proposal for what would be, at 148 turbines, Canada's largest wind farm. Farmers and homeowners of the town of Comber packed a three-hour meeting that heard arguments both for and against wind power. In the end, the town council voted 6-4 in favour of Brookfield Renewable Power, which hopes to win a contract from the Ontario Power Authority to start building its C$600-million wind farm next year.

The Toronto Star - Hunting for the seeds of where it all started (27 October 2008) Toronto urban farmer Colette Murphy, who grows 180 varieties of vegetables, has come to Italy in search of new networks to supply her company, Urban Harvest, one of more than 150 Canadian delegates participating in a major food fair organized by the international Slow Food movement. Salone del Gusto and Terra Madre, or Mother Earth, comprise the world's biggest event for food artisans. The running theme is a fight against industrialized foods. Some 7,000 delegates gathered to discuss issues such as genetically modified foods. Murphy says most seeds for food crops today are often sold through multinational giants like Monsanto. She's on the hunt for seeds from what are known as heritage varieties, or the original versions, before they were patented. Murphy will grow them in Toronto and collect the seeds of those adaptable to the Canadian climate to pass on to others towards protecting biodiversity.

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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