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10 April 2009

13 March was the 13th day of the ninth month of the 3rd year of Canadian national consciousness rising to invincibility.

13 March 2009

Dr William Overall, National Director of the Global Country of World Peace in Canada, presented highlights of news reports reflecting Canada's rising invincibility from Yogic Flying groups across Canada and the large Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

Extensive scientific research has documented the Maharishi Effect of rising coherence, harmony, and peace created in the collective consciousness of a nation by large groups of Yogic Flyers. The effect has been found to extend beyond national borders when the group is of sufficient size.

Following are press reports featured in Dr Overall's presentation:

The Canadian Press - Former central bank governor David Dodge to co-chair new financial system monitor (13 March 2009) The Institute of International Finance (IIF), a global association of banks and other financial institutions, said that former Bank of Canada governor David Dodge will co-chair the new Market Monitoring Group. The goal of the new group is to 'enhance financial stability and help prevent future crises by identifying and assessing systemic risks, and suggesting ways to mitigate these risks', the IIF said in a statement.

From a Financial Post report on this: In a sign that Canada is regaining its prominence in international economic affairs, David Dodge is taking on an influential role that will help shape the future of the global financial system. The ex-Governor of the Bank of Canada will lead a joint initiative by the world's largest banks to develop an early-warning system that will detect brewing financial storms. The goal of the new monitoring group is to 'prevent disasters before they happen', Mr Dodge said. His selection reflects growing interest abroad in the lessons that can be learned from Canada's regulatory system. Mr Dodge said that restoring stability would require a focus on reform of the financial system by world leaders when they gather on 2 April in London for a summit of the Group of 20 nations that includes Canada. World finance ministers and central bankers meet this weekend in preparation for the summit. The Canadian delegation will be leading an official working group tasked with reaching a consensus amongst nations about changes to the way the financial system is governed.

The Financial Post - TSX ends week with fourth day of gains (13 March 2009) The Toronto Stock Exchange put an exclamation mark on its best week in recent memory, closing in positive territory for the fourth straight day as sentiment about the economy continues to turn for the better. The TSX composite index rose 21.12 points to 8,303.39 on Friday. In the four days since Monday, stocks in Toronto were up 9.7 per cent, extending its best rally since November. Colin Cieszynski, market analyst at CMC Markets Canada, said bankruptcy fears that have been overhanging stocks for months have started to dissipate now that General Motors, for one, and several US banks for another, appear to be in better shape than originally believed.

The Canadian Press - Stocks surge to four winning sessions; TSX up 9.5 per cent on the week (13 March 2009) Stock markets enjoyed another positive session Friday, stretching a remarkable buying spree in Toronto and New York to four days, largely fuelled by good news from the financial sector. The rally was ignited Tuesday when Citigroup said it had an operating profit in the first two months of the year. Bank of America and JPMorgan Chase chimed in during the week with word that their bank operations have also been profitable. On the TSX, the financial sector ticked 0.9 per cent higher on Friday for a gain of 18.5 per cent this week.

From a Bloomberg News report on this: Canadian stocks posted their biggest weekly gain since 2 Jan. Sun Life Financial rose a fourth day Friday, extending banks and insurers' biggest rally in three months on speculation that the worst of the global banking crisis is over. Sun Life Financial, Canada's third-biggest insurance company, had a gain this week of 30 per cent, the biggest ever. Manulife Financial, the nation's biggest insurer, rallied for a weekly advance of 33 per cent—the best in its 9 years as a public company. And Royal Bank of Canada added 21 per cent this week for its largest advance in at least a quarter century.

Bloomberg News - Canada's dollar posts weekly gain on demand for higher yield (13 March 2009) Canada's currency rose 1.2 per cent over the past five days, even as the government released negative economic data. 'More timely, improved markets trump less timely, bad data,' said Jonathan Basile, an economist at Credit Suisse Holdings in New York. 'Since the economic outlook is conditional on financial-market performance, this theme probably will hold going forward,' Basile said. 'We are actually seeing some hope on the horizon,' said Steven Butler, director of foreign-exchange trading in Toronto at Scotia Capital, a unit of Canada's third-largest bank. 'The world is looking a lot safer after the rally in equities this week. Economic data is taking a back seat.'

The Globe and Mail - First-timers drive a rebounding market (13 March 2009) Judging from the many shoes littering the front porches at open houses in Vancouver on recent weekends, it's clear that people are back buying houses. Without a doubt, the market has picked up, and we're barely into March. It's a far cry from the abysmal real estate market of last fall and January this year. According to the Real Estate Board of Greater Vancouver, residential housing sales were up 94 per cent last month compared with January. The growth defies the sky-is-falling pronouncements that have made headlines. A recent RBC/Ipsos Reid poll revealed that 26 per cent of British Columbia residents surveyed believed they would purchase a home in the next two years. The condo market is also feeling a surge of life, real estate marketer Bob Rennie says. 'Sales are up,' he says. 'I do think that the market is seeing a little bit of confidence, combined with some great opportunities with great interest rates.' Long-time Vancouver real estate agent David Campbell says that, unlike a year ago, it isn't the fixer-uppers selling. Demand is high for nice ones that don't require a lot of work, and there aren't a lot of them on the market. 'We have many buyers, but we have seen the return of first-time buyers,' Mr Campbell says. ' . . . interest rates are at record lows, and prices have adjusted downward, and there are lots of first-time buyers coming back. 'We're getting a lot of move-up buyers as well taking advantage of the low interest rates . . . .' The prices have firmed up, he says. 'Last Sunday I had the busiest open house since April. I had three offers on a house in 24 hours and it sold over asking.'

CBC News - B.C. real estate sales jump in February (13 March 2009) Low interest rates, falling prices, and rising pre-approvals are prompting an upswing in real estate sales, the B.C. Real Estate Association reported. The number of home sales in British Columbia jumped 17 per cent in February to 47,000 units, up from January's 40,200 units. 'A home today, given lower prices and lower mortgage rates, is more affordable than it has been at any time in almost three years,' said Cameron Muir, the association's chief economist.

The Canadian Press - Western politicians vow economic partnership (13 March 2009) The three westernmost premiers pledged Friday to form an extensive economic partnership. Premiers and cabinet ministers from Alberta, Saskatchewan, and British Columbia met in Vancouver and promised to hammer out an agreement by the fall aimed at creating jobs and expanding trade with each other and abroad. 'At a time when the world is in this unprecedented global recession, it provides us opportunity,' Alberta Premier Ed Stelmach told a news conference following the meeting. 'Opportunity to look at the way we've done things in the past as governments and seize this opportunity to change.' Saskatchewan Premier Brad Wall said his province, which is faring better than most, is eager to contribute to the country's economy. Among the issues the premiers say will be included in the final agreement: Promoting Asia-Pacific trade linked to BC's Pacific Gateway concept; lobbying Ottawa to combine the many layers for approving large infrastructure projects into a single assessment; include Saskatchewan in an Alberta-BC agreement, which takes effect in April, that sees businesses incorporated in one province automatically incorporated in the other. BC and Alberta have already agreed to allow skilled workers to switch between provinces without recertification, a system that will be adopted by the rest of the country in April.

The Regina Leader-Post - Plans for new 'economic partnership' announced (13 March 2009) Plans to work on a new Western Canadian 'economic partnership' were announced following a first ever joint Saskatchewan, Alberta, British Columbia cabinet meeting Friday. At a press conference following the meeting, there was talk about co-operation in economic development, trade, crime prevention, and possibly in establishing a voluntary pension plan for workers in the three provinces (who aren't already covered by their employer). 'It was historic,' Saskatchewan Premier Brad Wall said. British Columbia Premier Gordon Campbell agreed. 'What we're talking about here is nothing less than the establishment of a new western Canadian economic partnership,'' Campbell said. 'Breaking down barriers to trade and labour mobility is critically important to our shared economic strength and to creating jobs,'' Campbell emphasized in a news release on the partnership announcement.

From a Vancouver Sun report on this: 'We live in a new world,' Campbell said at the closing news conference, 'and it's important for us to respond to that new world in a way that's positive, constructive and takes full advantage of the opportunities before us'.

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