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15 November 2008

10 November was the 10th day of the fifth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

10 November 2008

The Financial Post - Home construction beats expectations, while prices rise (10 November 2008) Construction on new homes remained above 200,000 starts in October, Canada Mortgage Housing Corp. (CMHC) said, defying expectations. The seasonally adjusted annual rate of housing starts was 211,800 in the month, down from 218,600 units in September, but still well above the consensus view among economists that predicted between 195,000 and 200,000. 'Housing starts remained strong in October and are consistent with our new home construction forecast for 2008,' said Bob Dugan, chief economist at the agency. CMHC forecast 212,000 starts at an annualized rate for this year. October starts leaped 41,300 in Quebec. Starts on detached urban housing in Ontario increased 10 per cent. It is the second month in a row that CMHC figures have come in better than expected. Also on Monday, Statistics Canada reported that new-home prices rose unexpectedly in September.

The Globe and Mail on new home prices unexpectedly rise 2.1 per cent in September (10 November 2008) The price of new homes in Canada increased by 2.1 per cent in September on a year-over-year basis, slightly ahead of economists' expectations. On a monthly basis, new housing prices rose 0.1 per cent between August and September (after staying unchanged in August). The largest year-over-year increases were in St John's and Regina, both with gains of 22.7 per cent. The 12-month increase for Vancouver was 1.4 per cent, while prices were 4.3 per cent higher in Ottawa-Gatineau, and 3 per cent higher in Toronto. In Quebec City, year-over-year new home prices were up 6.1 per cent, while Montreal prices increased by 4.8 per cent.

The Edmonton Journal - Economic skies still clear over Edmonton (10 November 2008) 'We have seen signs that people are cutting back to some degree, but retailers in Alberta are hoping that sound fundamentals—strong employment and income growth—will keep consumers in the stores,' said Peter Pilarski, an Edmonton spokesman for the Retail Council of Canada. In late October, Edmonton motorists saw the price of a litre of gasoline fall to levels not seen since one year ago. Scotiabank economists estimate 'lower energy prices likely mean an extra C$10 billion in freed-up cash flow for Canadian consumers.' Larry Pollock, president of the Canadian Western Bank, noted, 'The Canadian dollar falling will help anyone manufacturing and shipping goods out of our community.' Canadians should also be thankful we have a stable banking system, he said. 'We're not facing the same degree of economic difficulty faced by most countries.'

The Financial Post - Our financial system sparks interest: Carney (10 November 2008) Mark Carney, the Bank of Canada governor, said that industrialized and emerging economies are indicating 'a lot of interest' in the Canadian financial system, which has been faring better than most other countries. In an interview with the Financial Post, he also said the political will exists among all the leading industrialized and emerging economies to do what it takes to get the global economy out of a recession. 'The plans are in place to right this, and they will work,' he said in Sao Paulo, where he participated in two days of meetings with his counterparts from the Group of 20 nations. At the meetings, he said other countries asked about the Canadian financial system, given that, for the most part, banks are issuing loans and Ottawa has not yet had to rescue ailing financial institutions. The G20 official communique said there was a commitment to 'comprehensively' reform the global financial system as it stands.

The Canadian Press - International survey ranks Canada's brand second-strongest in the world (10 November 2008) Canada's brand now ranks second in the world in an international survey of 2,700 visitors, that gave the country's brand high marks as a place for families and those looking to do business. Australia took the top spot. Rina Plapler, who wrote the Country Brand Index Report for global consulting firm FutureBrand in New York, said Canada is appealing because 'it's a well-run country, people see it as safe, they see it as a strong business destination, they see it as an attractive leisure destination.' The awareness of Canada's brand keeps getting stronger—it was ranked sixth overall last year. This is the latest in a series of travel surveys that have ranked Canada near the top of the list. The 2008 Conde Nast Traveller's readers' choice awards rated King Pacific Lodge in British Columbia as the fourth-best resort in the world, while Vancouver, Victoria, and Quebec City were ranked in the top five best places to visit in the Americas.

From a Canadian Tourism Commission release: In just two years, Canada has jumped from the world's 12th most respected country brand to No. 2. The FutureBrand ranking comes on the heels of other significant brand recognition—the influential Lonely Planet guide book recently named Canada one of the Top 10 Countries for 2009, describing it as a place of 'life-changing experiences, festivals and events, and cosmopolitan, cultured and foodie-filled cities.'

Reuters - China's Changan, Electrovaya to launch electric car in Canada (9 November 2008) Changan Automobile Group, Ford Motor's China partner, said it will roll out 30 electric cars developed jointly with Electrovaya in Canada before the end of this year, potentially becoming the first Chinese auto maker to tap the North American market. Changan is providing one of its conventional compact models and the Canadian company working on the power train. Electrovaya is responsible for the distribution of the electric cars, which are assembled in Canada.

The Globe and Mail on Ontario college teaches global citizenship (10 November 2008) At Ontario's Centennial College, a semester-long course on global citizenship is now mandatory for all students. Centennial College president Ann Buller cited employer demand for graduates, with not only technical expertise but also 'soft skills', such as the ability to work with people from diverse backgrounds.

The Canadian Press - Harper, premiers united on need to rescue economy (10 November 2008) Prime Minister Harper and the premiers emerged from their meeting Monday agreeing to put aside partisan bickering and tackle the country's problems with a united front. 'Business as usual, politics as usual here in Canada just will not cut it,' Harper said. 'Unless we commit to a cohesive and co-operative approach . . . the country will be short-changed.' One of the main goals of the meeting was to give the prime minister ideas before he heads to Washington this weekend for a meeting of G20 leaders on the global economic and financial crisis—and Harper said he was taking a unified policy to Washington.

From a Canwest News Service report on this: Prime Minister Harper and country's premiers agreed that investment in the country's infrastructure is the best and fastest way to use public funds to help bolster the Canadian economy. In their comments to reporters after the meeting, both the prime minister and the premiers underlined the degree of unanimity. 'We are in this together,' Harper said. Several of the premiers said there was a genuine spirit of collaboration in the room. 'There is much to build on in our country,' stated Saskatchewan Premier Brad Wall. 'Relative to other nations of the world and other economies, we are in good shape. I like Canada's odds to emerge from the other side of this stronger than we were going in. One of the advantages to this is there are still regional economies in parts of the country that are still growing.'

The Canadian Press on new level of harmony and co-operation among Canada's leaders (10 November 2008) Prime Minister Harper held a veritable love-in with provincial premiers Monday. First ministers emerged from a three-hour meeting singing each other's praises and touting the merits of working together to weather an international fiscal storm. It was a stunning change in tone from their usual bicker-fests. 'We all agree that we need to work co-operatively, work together,' Quebec Premier Jean Charest said. Ontario Premier Dalton McGuinty was positively gushing. 'I thought it was one of the best meetings I've had at a first ministers' meeting. I think we've all been impressed with the urgency of the circumstances before us and we innately understand that if we want to grapple with this effectively, we need to be at our best. So there was a lot of goodwill around the table,' he said. 'I think there's a strong consensus again that we need to find a way to move beyond some of that pettiness and partisanship and inter-jurisdictional wrangling that might have been acceptable in days gone by,' McGuinty said. British Columbia Premier Gordon Campbell pointed out, 'We keep saying to people this is unprecedented. . . . . That calls on all of us to act in a new way.'

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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