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11 April 2009

16 March was the 16th day of the ninth month of the 3rd year of Canadian national consciousness rising to invincibility.

16 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 Financial Post - Most Canadians haven't reduced spending: Survey (16 March 2009) Results of a Scotiabank survey released Monday show that more than 80 per cent of Canadians are either spending more or the same as they did about half a year ago. The telephone survey, done by Harris/Decima on behalf of Scotiabank, included 1,016 people and was conducted between Feb. 19 and 23. It showed that 45 per cent had not changed their spending habits in the previous six months, 36 per cent were spending more, and 19 per cent were spending less. Of those who were spending the same, 53 per cent said it was because their needs, expenses and lifestyles had not changed.

The Canadian Economic Press on February home sales increase 8.6% from January (16 March 2009) Canadian existing home sales improved in February compared to January, the Canadian Real Estate Association (CREA) reported on Monday. Sales in February totalled 28,669, an 8.6% rise from January's home sales. This was the first monthly increase since September 2008, and was led by a 14.4% increase in sales in British Columbia, a 12.7% rise in Nova Scotia, and an 11.9% increase in Alberta. House prices continued to fall in February, but at the slowest rate in the past four months, the report said. Meanwhile, home prices in Regina are up 13.9% on an annualized basis. From a Financial Post report on this: 'Typically the spring market we're moving into generates more activity, and this year there are the benefits from historically low mortgage rates and improved affordability in most markets,' said CREA president Calvin Lindberg. 'Realtors are reporting increased interest especially from first-time homebuyers.'

The Montreal Gazette - Real estate showing signs of life (16 March 2009) Canadian homeowners had some reason for optimism on Monday. The number of home sales, which had been declining month after month since last September, turned upward in February. There are also other indications that the real estate market is showing more stability. A key one: the selling pressure that has helped push down prices is easing. Figures published by the Canadian Real Estate Association showed the year-over-year decline in average home prices in Canada slowing in February. Meanwhile, Montreal prices were up 2 per cent from last year, while in Quebec City, prices were up 9 per cent from a year ago.

From a Toronto Star report on this: The February increase was enough to elicit a cautious burst of optimism from some analysts. 'The Canadian housing market sprung to life in February,' says TD Securities economist Millan Mulraine.

The Financial Post - Rallying equities, housing sales lift market mood (16 March 2009) A stock market rally that marched unperturbed into its fifth solid day and signs of an easing in Canada's housing malaise offered Canadians a glimpse Monday of what a recovering economy may bring. Reassuring words from British bank Barclays PLC of a strong start to the year, and comments from U.S. Federal Reserve chairman Ben Bernanke over the weekend that the recession in that country may end this year, helped drive stocks higher around the world on Monday. Canada's TSX benchmark composite index joined in the party, advancing 83.32 points to 8,386.71, with financial issues leading the charge. They were up almost three per cent Monday, and are now up more than 24 per cent since the rally started a week ago Tuesday. 'Even if this is not the bottom it gives us a glance of what the market is capable of doing when we get to the real bottom,' said Benjamin Tal, senior economist at CIBC World Markets. 'And remember, there's really not that much good news to chew on, which begs the question of what may happen when the economy really turns around.' Numbers released Monday by the Canadian Real Estate Association show that sales of existing homes spiked up 8.6 per cent in February. Similarly, a Scotiabank survey showing robust consumer spending suggests the retail side of the economy may not be as bad as predicted.

The Canadian Press on some reason for optimism (16 March 2009) If it's darkest just before dawn, the same could be said for the economy, some analysts say, citing enough indicators over the past week to suggest there might be some reason for optimism. February also saw faint glimmers of hope. Home resales in Canada rose month over month in February for the first time since September. And last week brought news that suggested American consumers were returning to the shopping malls as retail sales recorded the slightest of increases. Some economists cite the impressive five-day mini-rally in North American stock markets as a sign that improvement is at least not impossible. Bank of Montreal deputy chief economist Douglas Porter said equity markets will likely be one of the first indicators that the economy is beginning to turn. Stock markets are regarded as forward-looking, predicting where the economy will be four to six months in the future, rather than where it is now.

Bloomberg News on four Canadian banks now among ten biggest in North America (16 March 2009) Royal Bank of Canada, the country's biggest by assets, is now seventh-largest in North America. Toronto-Dominion, Scotiabank, and Bank of Montreal rank eight, ninth, and 10th. Canada's six largest banks were profitable in the quarter ended Jan. 31, and each beat analyst estimates. 'The expectation is the Canadian banks will continue to generate profitability throughout this turmoil and I think that's a real positive,' Royal Bank CEO Gordon Nixon said on Feb. 26.

The Financial Post - A bet on future growth (16 March 2009) Blair and Jennifer Carruthers run the biggest greenhouse operation in Saskatchewan. Based in Biggar, 90 kilometres west of Saskatoon, the four-year-old business sells trays of bedding plants to Canadian Tire and Costco stores across the Prairies. They start growing their plants in December, but they won't earn revenue until they ship the product in May and June. The commercial bank, even before their most recent tightening, have trouble lending against potted plants, especially when they're months away from market. 'We have C$1-million worth of inventory,' Carruthers said last week. 'But it's March, and it's -27 degrees.' To the bankers, 'our inventory isn't worth anything.' Biggar Greenhouse's key assets, other than 300,000 square feet under glass, are the purchase orders that signal the giant retailers' commitment to buy. The Carruthers were expecting to sign a financing deal with Toronto-based Intuitive Capital Partners that would help them cover a significant portion of their production costs, based on the lender's confidence that the retailers will come through. Intuitive was founded in 2008 by Jim Reddon and Jeff Capel, two veterans of the financial industry who also have helped grow small businesses. While no one knows how big the market is in Canada, Reddon says purchase-order financing is growing fast.

The Toronto Star - Province's green act empowers local utilities (16 March 2009) Toronto Hydro has long argued that local utilities, not the province, are better positioned to drive energy conservation and spur community-based clean power projects. It makes sense. Communities have their own differences and unique needs and a top-down approach doesn't always work. Give local utilities a little more say over the destinies of their own communities and there's a better chance, it's reasonable to assume, of reaching provincial green-energy and conservation goals. That theory will soon be tested under the Ontario government's Green Energy Act. The proposed legislation gives local electric utilities the right, for the first time, to own and operate renewable energy facilities (as long as they don't exceed 10 megawatts). They also get more control over conservation programs. 'It gives us some of the tools we didn't have before,' says David O'Brien, CEO of Toronto Hydro.

CBC News - Nova Scotia Power to invest in wind energy (16 March 2009) The Nova Scotia government plans to revise rules that bar Nova Scotia Power from investing in wind power companies, in hopes of helping the utility reach its green energy goals. Energy Minister Barry Barnet said that allowing the utility to invest in independent wind power producers will help solve two major problems: It will allow cash injections into smaller companies during the current recession and it will help Nova Scotia Power develop vendors from which to purchase green energy to meet its target. Barnet said he is hopeful the utility will meet its 2010 target of having five per cent of its power generated by renewable sources.

The Globe and Mail - Canada expects better border relations (16 March 2009) Barack Obama's arrival in the White House may herald a new era in better Canada-U.S. co-operation on the border, security, and the need for unhindered trade flows, Public Safety Minister Peter Van Loan said Monday at the start of the three-day visit to Washington that will include sessions with Homeland Security Secretary Janet Napolitano and Attorney General Eric Holder. The minister said the tough economic times make it even more important that both countries ensure that trade and the free flow of goods are not impeded by inefficient security measures. 'I sense a real opportunity to strengthen our relationship' with the arrival of the Obama administration, he said.

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