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Good news report from Canada

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30 May 2007

24 May was the 24th day of the eleventh month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

24 May 2007

The Globe and Mail - Canadian corporate profits hit record (24 May 2007) Canadian companies posted a record operating profit of C$63.8 billion in the first three months of this year, a 2.9 per cent rise over the previous quarter. On an after-tax basis, operating profit rose 1.2 per cent to C$42 billion, while operating sales climbed 2.3 per cent to C$740.5 billion. The operating profit margin remained at a historical high of 8.6 per cent in the first quarter. Operating profits of manufacturers rose 7.4 per cent. High metal prices boosted the bottom lines of metal producers by 23.1 per cent. A strong labour market and low interest rates kept Canadians shopping, sending retail profits 12.4 per cent higher. Profits in the real estate and rental and leasing industry rose 9.8 per cent. Earnings among companies in the information and culture industry rose 9.9 per cent. Ted Carmichael, chief economist for J.P. Morgan Securities Canada, said the outlook for the current quarter is equally rosy.

Reuters Canada - Canadian economy sound, rates seen on hold: OECD (24 May 2007) Canada's solid economic growth and benign inflation means the Bank of Canada should continue to hold steady on interest rates, the Organisation for Economic Cooperation and Development said in its economic outlook. The OECD expects Canadian gross domestic product to expand by 2.5 per cent in 2007, above the 2.3 per cent projected in the Canadian government's March budget, rising to 3 per cent in 2008. 'Activity would mostly be supported by strength in private consumption, spurred by robust labor income and cuts in personal income tax. Business investment should also remain dynamic, boosted by strong profits and historically low interest rates,' the OECD said. Headline consumer price inflation was seen stable at 2.0 per cent in 2007. The unemployment rate is expected to fall to 6.1 per cent in 2007 and 6.0 per cent in 2008, from 6.3 last year, levels not seen since 1975.

The Calgary Herald - Soaring dollar pumps buying power (24 May 2007) 'Basically, the value of our dollar globally is going up—and our purchasing power is going up. That's very good news,' said Bank of Nova Scotia chief economist Warren Jestin. 'The strength of the currency is an indication of underlying well-being.' The higher dollar means lower gasoline prices. In April, Canadian pump prices were slightly lower than a year before. Imported goods like fruits and vegetables and manufactured products should all be cheaper as the newly bulked-up loonie purchases more. 'It's also good for Canadian businesses that need to import equipment and machinery,' said Todd Hirsch, senior economist with ATB Financial. Less expensive import prices lower inflation, taking pressure of the Bank of Canada to raise rates.

The Toronto Star - Strong markets push CPP up 12.9% (24 May 2007) The Canada Pension Plan released its annual results showing a 12.9 per cent investment return. The CPP fund held $116.6 billion in assets on March 31, up from $98 billion a year earlier. Of the $18.6 billion in growth, the 12.9 per cent investment return contributed $13.1 billion, with the other $5.5 billion coming from CPP contributions. The 12.9 per cent investment performance was juiced by strong equity markets in the first nine months of the fiscal year.

The Globe and Mail - Quebec budget delivers $1-billion in tax cuts (24 May 2007) Quebec's government delivered a billion-dollar tax cut on Thursday. Finance Minister Jerôme-Forget announced C$950 million in income tax cuts across all income levels. A couple with two children and a family income of C$75,000 per year will save C$984 with the new measures. Another C$300 million in smaller tax measures are aimed at an array of targets, including the elimination of Quebec's capital tax by 2011 and to push the purchase of hybrid vehicles.

CBC News - Toronto to develop fleet of plug-in cars (24 May 2007) Toronto Mayor David Miller announced a project to convert hybrid vehicles into 'plug-in' models that can be charged from home wall outlets and powered mostly by electricity. During the first phase of the initiative, 10 hybrid vehicles will be converted to include large batteries that can be plugged in and charged from the city's grid. Conventional hybrids are powered by gasoline engines assisted by an electric motor. The new hybrids, however, will get most of their propulsion from their electric motors and larger batteries. The new hybrid vehicles would be able to stretch their gas consumption to 2.4 litres/100 kilometres. 'Transportation is one of the largest and fastest-growing sources of greenhouse gas emissions in Toronto,' Miller said. 'By boosting the all-electric range of hybrid vehicles, this technology has the potential to help us address one of the largest climate and air-quality impacts in the city.' They will be tested under real city and all-season driving conditions. Toronto has set a goal of reducing its emissions by 6 per cent in five years, 30 per cent by 2020 and 80 per cent by 2050. From a Toronto Star report on this: The aim of the project is to prove that hybrid vehicles, when equipped with larger batteries that can be charged from the grid, can operate in an urban setting on a single charge for more than 50 kilometres with little need for gasoline. It's expected plug-in hybrids will get double the gas mileage of conventional hybrids. Driving a kilometre on electricity instead of gasoline is also much cheaper. The retrofitted vehicles will also see an estimated 40 per cent drop in their carbon dioxide emissions, growing to 60 per cent once all coal facilities are closed.

Reuters Canada - Virtual human puts doctors inside their patients (23 May 2007) Canadian researchers say they have developed the most detailed model of a human yet, a movable '4D' image. Called CAVEman, the larger-than-life computer image encompasses more than 3,000 distinct body parts, all viewed through 3D glasses in a booth that gives the image height, width and depth. CAVEman also plots the passage of time—the fourth 'D.' Scientists can layer on the unique visuals of patients, such as magnetic resonance images, CAT scans and X-Rays, giving physicians high-resolution views of the inner workings of the body while it appears to float within arm's reach. The images can also be loaded on to regular computers, to be viewed off site. 'Today, this kind of a model is unique in the world,' said Christoph Sensen, at the University of Calgary Faculty of Medicine, which has worked on the system for six years.

The Victoria Times Colonist - Compact home with elegant yet casual style suits island life (23 May 2007) 'We wanted a place with cultural richness, a place with vibrancy that had a cross-section of different people,' says Gary Morrison, one of the first purchasers in the Summerside development on Saltspring Island and the strata council president. The island attracts its fair share of visitors. 'People come to Saltspring because of the peaceful, rural atmosphere,' says resident Erica Ross. She says some visitors become so smitten they decide to build or buy homes.

CBC News - Students to study aboriginal culture in northern schools (24 May 2007) Young aboriginal students in northern Alberta public schools will be learning more about their culture in the fall. A new Grade 1 curriculum, created by a group of chiefs, elders and educators from Treaty 8, provides songs, games and history written from a native point of view, said Rose Laboucan, chief of the Driftpile First Nation and vice-chief of Treaty 8. 'In the whole curriculum-based manifestation of education, your job as a teacher is to create a good citizen,' she said. 'How can you create that good citizen in First Nation people when they spent their whole lives learning about everybody else but themselves?' At the same time, the public school board in Edmonton is promising a new emphasis on teaching aboriginal students, including more First Nations staff members, new learning materials and more training for all teachers. Trustee Dave Colburn called the plan a 'historic moment. 'We are acknowledging their unique place in the history of this nation and our commitment as a school district to achieve success for their children.' Native elder Gerry Wood said it's a change whose time has come.

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.

For further information on creating invincibility for your nation, please visit: www.globalgoodnews.com/invincibility.html

Copyright © 2007 Global Country of World Peace

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