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8 November 2008

31 October was the 31st day of the fourth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

31 October 2008

Canwest News Service - Canada ranks second on global education report card (31 October 2008) Canada received the second-highest grade for education and skills training in a global report card. Among the 17 countries ranked by the Conference Board of Canada, Canada lagged behind only Finland in the area of education and skills, coming through with an overall B average, tied with seven other nations—Japan, Sweden, Switzerland, Germany, Australia, Belgium, and the Netherlands. Canada earned top marks for both high school and college completion rates, as well as low-level math and problem-solving skills.

The Canadian Economic Press - Canadian economy scores high marks in TD report (30 October 2008) Canada's economy is outperforming those of countries around the world, says a report by Eric Lascelles, TD Securities chief economics and rates strategist. The country may be faced with the same global turmoil as other nations, the report notes, but it has maintained a modest debt level and strong banking system that set it apart. In a study of 25 countries, including the G7, Canada has by far the lowest sovereign credit default swap levels, Lascelles said in his report. Canada's CDS level is less than half that of the next country measured, he said, meaning that the market believes the Canadian government is, at the least, less than half as likely to default on its debt as are other countries. Canada's debt-to-GDP ratio is the lowest among the major countries, he said, at 33%. 'Moreover, the Canadian measure has been trending sharply downward, and Canada has run over a decade of consecutive surpluses.'

Bloomberg News - Canadian government debt is world's safest, TD Securities says in report (30 October 2008) Canadian government debt is the safest in the world because its banking system and housing market are in better shape than those of other countries and its consumers aren't so hard pressed, TD Securities said. Canada is the country least likely to default on its debt repayments, Eric Lascelles, chief economics and rates strategist at TD Securities, a unit of Toronto-Dominion Bank, wrote in a report.

From a Globe and Mail report on this: Canada's five-year CDS levels are at 13 basis points, which is less than half the rating given to the second-place country, at 33 points. 'Since it is the government that is generally called upon to fix major problems that crop up, this suggests that the market does not expect major problems out of the broader Canadian economy and financial sector,' Mr Lascelles said.

Bloomberg News on Canadian stocks post biggest three-day rally in 23 years (30 October 2008) Canada's main stock index posted its biggest three-day gain in 23 years, led by financial, commodity, and telephone companies. The TSX Composite Index rose 3.7 percent to 9,856.21 on Thursday for a three-day gain of 15 percent (more than 1,300 points), the longest rally in seven weeks and the biggest since March 1975. A measure of phone stocks added 5.6 percent, the biggest gain among the TSX's 10 sectors. Industrial shares, among the groups most closely tied to the economy, and the raw materials group both capped their biggest three-day gains since at least 1995. (The TSX advanced five per cent for the week.)

From a Reuters Canada report on this: The TSX's main index jumped more than 3 per cent Thursday, with all 10 of its main groups higher, as market sentiment remained buoyant.

Reuters Canada - Loonie secures first weekly gain in five weeks (31 October 2008) The Canadian dollar [known popularly as the Loonie] rebounded to close higher on the US dollar Friday and secure its first weekly gain in five weeks. The Canadian dollar closed at C$1.2045 to the US dollar, or 83.02 US cents, up from C$1.2180 to the US dollar, or 82.10 US cents, at Thursday's close. For the week, the currency rose 5.7%. Helping the currency finish October on a positive note was some relative stability in equity and commodity markets later in the month.

The Financial Post on Canada Mortgage and Housing Corp. says average home prices still rising (31 October 2008) The Canadian Real Estate Association (CREA) said Thursday its own numbers showing a decline in average home prices are a bit misleading, and that prices continue to rise in 65% of the markets it represents. CREA, which represents more than 100 boards across the country, said the average sale price of an existing home fell 5.4% in September from a year ago. 'The recent price declines in the Canadian housing market reflect lower activity in some of Canada's priciest housing markets that had posted large price increases,' said Calvin Lindberg, the president of CREA. Many real estate analysts suggest that a decline in the most expensive market in the country is skewing the national number. CREA's statements on the market came on the same day Crown corporation Canada Mortgage and Housing Corp. (CMHC) said the market was moderating but not enough to result in an overall decline in the average sale price this year. The agency expects the average price of an existing home sold to rise to C$306,500 in 2008 from C$305,707 in 2007. By next year the average sale price is forecast to rise C$200 to C$306,700. 'High employment levels, rising incomes and low mortgage rates have continued to provide a solid foundation for healthy housing markets this year,' said Bob Dugan, chief economist with CMHC.

Canwest News Service - Slashed prices, small cars keep Canadian auto market afloat (30 October 2008) According to a Scotiabank analysis, auto purchases this year have advanced by 1.4 per cent through September, in contrast to the slump in auto markets in other countries. Auto sales picked up in September, climbing two per cent above a year earlier. This year's increase in sales has been almost entirely due to a 25 per cent surge in purchases of subcompact cars. Subcompacts now account for a record nine per cent of the Canadian market. The shift to smaller, less-expensive vehicles, combined with price cuts introduced after the Canadian dollar reached parity with the U.S. currency late last year, has reduced the cost of purchasing a new vehicle in Canada by 9.3 per cent from a year earlier.

CBC News - Canadian sets distance record in solar car (31 October 2008) Toronto native Marcelo da Luz has set a new world distance record in his solar-powered car. Da Luz arrived in Victoria Thursday, completing a 15,000-kilometre trek across Canada twice that took 140 days to complete. His car, called the 'Power of One', is a single-seat vehicle that can travel 200 kilometres on a single charge and has a top speed of about 120 kilometres an hour. Da Luz said he built his vehicle independently without corporate sponsorship.

CBC News - B.C. knee brace, Montreal bike system among Time's top inventions (31 October 2008) Montreal's high-tech public bike system and a Canadian-made knee brace that harnesses enough energy from a person's stride to power electronic devices are two of Time magazine's top 50 inventions of 2008. Time listed the brace as the 33rd best invention. Montreal's public bike system is No. 19 on the list. The self-service, bike-rental system uses modular bike-rack stations that are solar-powered. A number of other top inventions on the list are international efforts that have contributions from a host of countries including Canada, such as the Geneva-based Large Hadron Collider, the discovery of the largest prime number, and Norway's Arctic Seed Bank.

The Globe and Mail - West Nile cases drop sharply (31 October 2008) After nearly 2,400 Canadians contracted West Nile virus last year—12 of them dying from the mosquito-borne illness—the number of cases dropped this year to just 36, none of them fatal. This is largely attributed to a cool spring that afforded little chance for mosquitoes to breed. No new cases have been reported since early September. The vast majority of people who get infected from a mosquito bite develop either no symptoms or a mild flu-like illness.

The Financial Post - Toronto's target: 50% local food (31 October 2008) Toronto City Council unanimously approved a local food procurement policy that will begin with a pilot project in 37 city day cares but could later be expanded to nursing homes and homeless shelters. Council also set 50% as the target for the amount of locally grown and produced food to be served through city programmes. The decrease in greenhouse gases emitted from food being transported long distances to Toronto will improve air quality, said Jamie Kirkpatrick of the Toronto Environmental Alliance. Over the next year, the amount of local food purchased for the city's child services department will rise to 40%, while other departments figure out how to up their Ontario food content too.

CBC News- Inuit welcome Aglukkaq as federal health minister (31 October 2008) Inuit leaders applauded Leona Aglukkaq's appointment as the new federal Health Minister on Thursday. Aglukkaq, a former Nunavut health and finance minister, became the first Inuk to become a senior federal cabinet minister. 'It's good to hear that Inuit get posted to these kind of things,' said Paul Kaludjak, president of the Inuit land-claims organization, Nunavut Tunngavik Inc. 'And to be able to approach somebody with our own language will be great.'

From a Globe and Mail report on this: Ms Aglukkaq, whose first language was Inuktitut, graduated from Arctic College in Iqaluit in management studies. Ms Aglukkaq is the daughter of a respected elder and educator, Miriam Aglukkaq.

From a Canadian Press report on this: 'It is historic and should be highlighted and celebrated by Inuit and all Canadians,' said Mary Simon, president of Inuit Tapiriit Kanatami, the national Inuit organization.

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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