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Good news report from Canada

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26 July 2007

12 July was the 12th day of the first month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

12 July 2007

The Globe and Mail - Markets rocket to record (12 July 2007) Toronto's benchmark TSX composite index surged to a new record. The index topped its 9 July record close of 14,177.52 by adding 189.91 points, or 1.3 per cent, to 14,356. The Canadian dollar also had a strong session, rising 0.76 of a cent to 95.65 cents—its highest close since early March, 1977.

From a Reuters Canada report on this: The materials sector led the gains, rising 2.9 per cent, its biggest leap since May. The financial sector, which accounts for about a third of the TSX index gained 1.3 per cent.

The National Post - New housing prices continue to beat expectations (12 July 2007) Canadian new housing prices increased in May, above most analyst expectations. Statistics Canada reported Thursday that selling prices in May were up 8.6 per cent from May 2006, 'the 14th consecutive month of year-over-year increases above eight per cent.' On a monthly basis, new housing prices were up 1.1 per cent from April. Saskatoon had the biggest year-over-year increase of all municipalities at 38.6 per cent. Regina followed, with a 21.6-per cent jump in new home prices. 'These were the fastest advances for both census metropolitan areas in 26 years and continued a year-long trend of accelerating price increases,' Statistics Canada said.

From a CBC News report on this: Prices in Halifax rose by 7.1 per cent on a year-over-year basis, its largest increase since 1985. Selling prices in St. John's grew by 4.8 per cent, the fastest gain in nine months.

Canadian Press on the Bank of Canada's economic update (12 July 2007) The Bank of Canada says economic growth is expected to be higher this year than it forecast just three months ago. Strong consumer spending and unexpectedly high exports were seen as the main factors causing the growth. Canada's unemployment rate is the best it has been in 33 years, while the employment-to-population ratio is also at a record high.

From a Bloomberg News report on this: Canada's economy will grow 2.5 per cent this year, faster than the bank's April forecast of 2.2 per cent, the bank said in its quarterly update.

From a Globe and Mail report on this: The bank expects final domestic demand to remain the key driver of economic growth. Gross domestic product growth will be 2.8 per cent in the second quarter on an annualized basis, up from its previous projection of 2.3 per cent. It also revised upward its third-quarter GDP outlook to 2.7 per cent.

From another Globe and Mail report on this: Generally, the Canadian economy is faring well this year, the bank says. The central bank did not express much concern about the soaring Canadian dollar, saying most of the recent rise is well justified by developments in the Canadian economy. 'Much of this appreciation reflects the strength of demand for Canadian goods and services, and continuing firm commodity prices.'

The Globe and Mail - Canada trade data point to strong economy (12 July 2007) Canada's trade surplus was virtually unchanged at C$5.9 billion in May, Statistics Canada said. The surplus was above analysts' average forecast of C$5.5 billion. Statscan also reported a stronger-than-expected 1.1 per cent rise in May housing prices. 'This combination of still-solid trade and still-strong new home prices suggest the economy continues to power ahead...,' Doug Porter, deputy chief economist at BMO Capital Markets, commented.

From a Bloomberg News report on this: The report suggests the nation's economy is coping with a rising dollar. 'Trade has kept up spectacularly well given the steep rise in the dollar,' said Douglas Porter, deputy chief economist at BMO Capital Markets in Toronto. 'To me, it means it would probably absorb even a stronger currency.' Even with the dollar appreciation, the trade surplus is hovering at its highest since 2005.

Canadian Press on Canadians optimistic about curing disease and living longer (10 July 2007) Most Canadians surveyed in a new poll said they believe there will soon be cures for two of the biggest diseases of our time, AIDS and cancer, and that they'll live longer. More than 70 per cent also said human lifespans will average 100 within the next century.

The Victoria Times Colonist - B.C. surplus a record at $4.1 billion (12 July 2007) B.C. posted a record C$4.1-billion surplus this past year, nearly seven times higher than originally forecast by Finance Minister Carole Taylor. Taylor hailed it as 'good news' that allowed the province to pay down its debt by C$1 billion and spend another C$3.4 billion on infrastructure such as hospitals, schools, and roads. B.C.'s economy grew by 3.6 per cent in 2006-07, the second-largest increase in the country. The finance minister also suggested more tax changes are in the wind, with her next budget to focus on green initiatives, with tax incentives to encourage change.

From a CBC News report on this: 'When you look at so much growth from tax revenue, it does show that tax cuts work because tax cuts have stimulated the economy,' Taylor said.

From a Globe and Mail report on this: Business investment grew by 9.5 per cent over the past year and consumer spending jumped 5.3 per cent.

Canadian Press on 29 Canadian and U.S. cities adopt water conservation goal (12 July 2007) Twenty municipalities in Canada and nine in the United States have adopted a goal of reducing their water consumption by 15 per cent by 2015, at a meeting of the Great Lakes St. Lawrence Cities Initiative, a coalition that works to advance the protection and restoration of the Great Lakes. Canadian participants include Montreal, Toronto, Hamilton, and Sault Ste. Marie, Ont. Some of the cities already have water-conservation plans, including Toronto. Toronto's plan, in place since 2001, will cost an estimated C$74.3 million through 2011, but will save the city more than C$220 million in equivalent infrastructure costs. It's also expected to save C$29 million in operating costs during the period and C$4.5 million each year thereafter. The Toronto plan also will reduce carbon dioxide emissions and lower residential water bills, the coalition said.

The National Post - First Nations call for $2B to revitalize languages (12 July 2007) The Assembly of First Nations is calling for C$2.6 billion in over 11 years to revitalize aboriginal languages. The Assembly wants the funds to follow through on its National First Nations Language Strategy that would see the languages back in common use by 2027. Yesterday, during the second day of the Assembly of First Nations' annual meeting, band chiefs and delegates from across Canada listened as Katherine Whitecloud, a regional chief from Manitoba and member of the Dakota Nation, said, 'Our languages are the cornerstone of who we are as people. Without our languages, our culture cannot survive.' She said the federal government has a legal obligation through various treaties and legislation to provide adequate resources to support First Nations' language preservation.

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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