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Issue 10 FORTNIGHTLY OCTOBER 2011

Dream Home

is within your reach LET ME SHOW YOU WHERE AND HOW?

Perrii Muthuraman

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Canada is the best country to do business: Forbes Nation rises from fourth spot in 2010

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he international media giant Forbes has published their 2011 list ranking the best countries in the world, to do business. The listed nations were ranked based on several economic, social and political factors, such as trade and monetary freedom, corruption level, personal freedom, tax burdens, and investor protection. The list consisted of 134 nations from all regions of the world. According to Forbes' research, Canada is the best country in which to do business in 2011, and was regarded

as an affluent and high-tech industrial nation, with a market-orientated economic system. Forbes ranked Canada as having the highest degree of personal freedoms, and was also in the top ten for trade freedoms, property rights, lack of economic red tape, investor protection, low corruption levels, and tax burdens. In the previous year Canada was ranked fourth, but improved its standing through recent reductions in tax burdens. Forbes noted that Canada ranked ninth among the 134 Turn Pg.3

INSIDE News & Views Digest

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Editorial

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Protect Your Eyes With Fruits and Vegetables

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Indian Market View & Outlook

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When will the TSX bottom?

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Restrict Cell Phone Usage:URGES HEALTH CANADA Ontarians Pay Highest Auto Insurance Premiums ith the growing popularity of er communicate back and forth using In Canada, Quebec Drivers Pay The Least: Study cell phones, concerns have low-power radiofrequency (RF) energy.

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been raised about the safety of exposure to RF energy. Accordingly, Health Canada recently released the guidelines on how cellphone users can reduce the risk of certain types of cancer, despite scientific evidence it says is "far from conclusive" that cancer and cellphone use are linked. Wireless telecommunications rely on a wide network of cell phone towers (base stations) to send and receive information. Cell phone towers consist of antennas and electronic equipment which serve as hubs for cell phones and local wireless networks. When you make a call with your cell phone, your phone and a nearby cell p h o n e tow

RF energy (sometimes called RF emissions, RF waves, or RF fields) is a part of the electromagnetic spectrum, which includes microwave radiation, visible light and X-rays. Health concerns are sometimes expressed by people who live or work near cell phone tower antennas located on towers, poles, water tanks or rooftops. Yet, the consensus of the scientific community is that RF energy from cell phone towers is too low to cause adverse health effects in humans. In fact, RF exposures from cell phone towers are typically well below Health Canada's exposure standards. However, Health Canada recommends limit the length of cellphone calls. It advises to use text messaging instead or use hands-free accessories. It also suggests those under the age of 18 stop using cellphones altogether.The new advice is targeted primarily at heavy users and children. Children were mentioned specifically because they are "typically more sensitive to a variety of environmental agents," according to H e a l t h Turn Pg.3

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anadians looking to save money on auto insurance should head to Quebec. A new study finds that residents of la Belle Province pay the lowest premiums in the country, at an average of only $642 a year. While Ontarians, right on the other side of the Ottawa River, pay the highest premiums at $1,282 a year. Co-author and Fraser Institute director Neil Mohindra says this is because of rampant fraud in Ontario. "(It) comes as a result of higher claims costs per vehicle stemming from high levels of insurance fraud, and relatively severe regulations in ratesetting as well as mandatory minimum liability and accident benefit laws," he says in a statement. The study conducted by the Fraser Institute, a right-leaning think tank, goes on to say that fraud investigators consider Toronto to be the centre of organized crime rings. Ontario announced reforms in November of

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2009, but the study uses the most recent price information, also from 2009. The province's reforms are expected to lower premiums. The study explains that Quebec consistently has the lowest premiums because it has a government-run provider that has a monopoly over selling basic coverage. They also have a no-fault system that prevents injured people from suing drivers at fault for pain and suffering. However, the public provider in Quebec ran a deficit in 2009 of $2.6 billion and in some provinces taxpayers, Turn Pg.4

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Economy: If the economy shrank for two consecutive quarters, then it is technically a recession.

There is no consensus among the Canadian economists , whether the economy was headed into a double-dip recession or if Ottawa should launch another round of stimulus spending.. Real gross domestic product rose 0.3% in July following a 0.2% increase in June. Manufacturing and, to a lesser extent, wholesale trade and transportation services were the main sources of growth. The second quarter produced a 0.4 per cent GDP loss. The Finance Department reported that the federal deficit in July rose to $1.6 billion, more than triple the half-billion in red ink Ottawa in the same 2010 quarter. In J u l y, c o n s u m e r s , w h o represent about 60 per cent of the Canadian economy, remained flat on their back. Retail sales declined by 0.7 per cent. Most analysts predict the economy will have kept its head above water when all the data is in for the third quarter, but not by much. Estimates range from growth of one to two per cent. Jim Flaherty, Finance Minister said that he is confident that what we’re going to see in Canada is modest economic growth over the next little while and he is comfortable. Flaherty said he was willing to throw overboard plans to balance the budget in four years if a slump hit Canada and more stimulus spending is needed. He also said he believed the loonie’s plunge was a temporary phenomenon due to flight to the “perceived safe haven” of the U.S. dollar. The federal government is coming under daily pressure from opposition parties, particularly the NDP, to abandon the budget scenario it put in place in March when the economy appeared set for a full recovery. NDP finance critic Peggy Nash has been holding almost daily press conferences arguing that the situation has dramatically changed for the worst since March, and a new approach is needed. Liberal leader Bob Rae said last week he believes the Canada may be headed to a recession.

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Both critics say the Harper Conservatives are running the risk of being caught unprepared as they were in late 2008 when they refused to acknowledge that a recession had begun until all three opposition parties threatened to topple the then minority government. They said precious time was wasted when the prime minister prorogued Parliament for almost two months to avoid defeat.

prices and a flight to the perceived safe haven of U.S. Treasury bonds. The loonie fell 0.34 of a cent to 94.8 cents US on Oct 4, after dipping as low as 94.02 cents US earlier in the session, its lowest level since August 2010. .....................................................

Commodity Boom: Living On Borrowed Time? People who believed that commodities are the ultimate economic safehaven GOT a very rude awakening: On Friday, September 23, commodities suffered their worst week in four months right alongside plunging stocks and precious metals.

Federal Finance Minister Jim Flaherty’s advice to his colleagues in Europe: (what is needed is) one, a commitment of political will; two, decisiveness, and three, clarity. Those are the three things European leaders need to do in order to restore confidence.

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Gold/Metals In the recent past Gold price has reached low $1532 /ounce in September and then bounced to $1623. The high was $ 1926 in August.

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Canadian Dollar Tumbles

According to some analysts, the price of Gold could once again possibly hit $ 1525 in October/November 2011.

The dollar has dropped dramatically in recent days, falling more than seven cents in less than three weeks, from about $1.02 (U.S.) to below 95 cents.

If you believe in diversification of assets, it is time to diversify your assets with metals like Gold and Silver It is generally expected that the return from gold will be substantial over medium to long term. If you subscribe to that view, it is time to start accumulating gold for a better reward later on.

News & Views

Digest of Canada’s population was estimated at 39.9 years, up 0.2 years from the same date a year earlier. The main factors explaining the aging of the Canadian population are fertility rates persistently below the generation replacement level of 2.1 children per woman and an increasing life expectancy. .....................................................

TFSA It’s been almost three years since the Federal Government introduced TaxFree Savings Accounts (TFSAs), but a new survey from ING DIRECT reveals the majority of Canadians are still unclear about them. Those surveyed indicated they have a vague idea (37%) or don’t understand how the TFSA works (14%), while 13% of Canadians said they don’t know what a TFSA is. Some other findings of the survey are: • Of the 41% of Canadians who have a TFSA, 46% earn $100K+ per year • Of the Canadians who have a

Considering the volatility of the metal, once decided to buy, buying should be on a regular periodical basis for some time in order to average the purchase price. This information is of general nature only and it is not a recommendation. If you decide to act on that information, do your due diligence first.

A lower dollar is good for exporters because their goods are less expensive to U.S. customers, but their joy is tempered this time around, partly because of the wild volatility. But the biggest concern is that the wild swings in the dollar’s value are making it very hard to plan. The companies can’t possibly react every time there is a major shift by changing its pricing, or by moving manufacturing from one country to another. Swings are often irrational. (Back in 2006 the Canadian dollar was at 84 cents only).

Interest Rates “Lower-for-longer” is becoming the slogan for central bankers everywhere. The Bank of Canada Governor, has left his benchmark rate at 1 per cent for the eighth consecutive meetings starting last October. Around Sep 20, Variable rate discounts bounced up recently but alternatively, fixed rate mortgages have declined Statistics Canada and Population

The concerns around the global economy are clearly affecting customer demand for Canadian products. If those international customers can’t afford Canadian goods, or can’t finance their purchases, our economy will suffer.

As of July 1, the median age

What [the low dollar] is really reflecting is the uncertainty and concern out there.

TFSA, those aged 55+ are represented at 48% • Older Canadians (55+) indicated they fully understand what a TFSA is, than other age groups. • Those aged 55+ have used more than half the contribution room available ($8,395) whereas those aged 18-34 have used less than a third of the contribution available ($4,538). When asked what they would like the annual maximum TFSA contribution amount to be if they could choose to change it, a surprising number of Canadians (51%) indicated they would opt to increase the limit. Despite wanting the option to increase their annual limits, only 1 in 10 Canadians has contributed close to the maximum contribution limit ($14,001 – $15,000). A quarter of Canadians have contributed less than half of their available TFSA contribution room. Indo-Canada Free trade

The loonie has also been a casualty of economic worries despite the still strong fundamentals of the Canadian economy, reflecting the steep drop in commodity

By 2013, Canada and India plan to have a free trade agreement in place, opening the door to increased trade and business that will boost Canada’s gross domestic product by at least $6 billion a year.

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DREAMS MONEY &

Canada is the best country... From Pg.1 countries reviewed for tax burden compared with 23rd in the category for 2010. The magazine said the improvement was in part because of the introduction of the harmonized sales tax last year in Ontario and British Columbia. Forbes also cited lower corporate and employee tax rates for helping business. Corporate tax rates were a key

campaign issue in the last federal election, while B.C. recently held a referendum in which people voted to repeal the HST. The HST combines the provincial sales tax and federal goods and services tax. Supporters have said the HST is a value-added tax that spurs investment and create jobs by removing levies on business inputs. HST opponents have said the HST shifts taxes to consumers from business.

Canada was among the top tier of countries when it came to protecting investors and dealing with red tape, with the report saying it is relatively easy to start a new business in Canada. It stressed "while the U.S. is paralyzed by fears of a double-dip recession and Europe struggles with sovereigndebt issues," Canada has stayed cool in terms of its economy. New Zealand was ranked as the second best country for doing business in the 2011 year, with top ratings for

personal freedoms, freedom from corruption, investor protection, and a lack red tape. The country was only ranked second due to its relatively low positions in trade freedoms, innovation, and tax burdens, along with its comparatively low level of GDP growth. Amongst OECD nations, Sweden was ranked top, with a global standing of 7th. The UK and the USA were ranked 9th and 10th respectively. Australia was ranked 11th, while the European political powerhouses France

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OCTOBER 2011

and Germany were ranked 18th and 21st. In Eastern Europe, Estonia was regarded as the best place for business in 2011, being ranked 16th in the world, and Ukraine was the worst, holding the 105th position. The BRIC nations saw mixed results, with South Africa being ranked 40th in the world, followed by Brazil as 73rd, India as 94th, and Russia as 102nd. The lowest ranked countries were Burundi, Zimbabwe and Chad, ranked 132nd, 133rd, and 134th respectively. However, another report, released in September, stated Canada had a less rosy projection on the international business scale. The World Economic Forum said in a report Canada had fallen out of the top 10 rankings of global competitiveness as the country loses ground to fiercer Asian rivals. Canada dropped two places over the previous year in that report to 12th spot of 142 competitor nations. It is the third straight year Canada has slipped in the rankings, having held

ninth spot in the 2009 review. Emerging economies, particularly in Asia, are closing the gap between the traditional "rich" and "poor" countries, as the world's advanced economies stagnate, said the Conference Board of Canada, a partner institute in preparing the report. Canada's drop came as a result of improvements in the scores of competitor nations - most notably the United Kingdom and Hong Kong.

Restrict cell Phone usage From Pg.1 Canada. Also, there has been little research into the effects of cellphone use on children. Health Canada says the guidelines are part of a review of research looking at the health effects of radio-frequency

emissions, including cellphones, radio signals and TV broadcasts. The department updated its guidelines in 2009 and the next update is expected in 2012. Canada's health agency said the number of cellphone users in the country grew to 24 million people at the end of 2010, up from only 100,000 in 1987.

FORBES' TOP 10 COUNTRIES FOR BUSINESS: 1. Canada 2. New Zealand 3. Hong Kong 4. Ireland 5. Denmark 6. Singapore 7. Sweden 8. Norway 9. United Kingdom 10. United States Source: Forbes


DREAMS MONEY

OCTOBER 2011

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he sale of e-books at amazon.com has increased three times the last year and has over taken the print. The sale of digital music has also gone up and all these convey us that the digital market is going up and it is the mantra for the future! Traditional marketing will continue to be used by all marketers and business people. But digital marketing gives cost effective way to do new product launches and test marketing, allowing

the marketers to leverage the new medium for better decision making. The top countries with highest number of internet users are China, United States, India and Japan. Almost

The Way to GO for Businesses! 78 % penetration is there in US, 36% penetration in China and 8.4% penetration in India. The web is all about building portals and bringing traffic to the web sites. But the greater challenge is, making the visitors to come again and again! The focus for the future should be in doing Online PR(Public Relations), SEO (Search Engine Optimization ) and SEM (Search Engine Marketing ). The use of social networking sites is being used by almost most of the businesses. Thepopularity of the services in social media is directly proportional to the real world success. And that is why all major political leaders and entertainers, movie stars are actively taking part in social media. Face book has revolutionised the world and it has definitely made our world an interconnected world. The marketers and technologists have started a new war and that is called the screen war! The screen war is the way to capture all the screens including laptops, computers, mobile phones and television. And this is going to revolutionize

the future trends and future markets. So, as a business person, how to leverage this new trend? As an entrepreneur or a business person, you should be using the latest trends and the tools, but at the same time if you look at the success factor of all start-ups, what you will find is that the start-ups have used certain basic principles. Let's look at them... 1. All start-ups never over analysed before they venture into their businesses – over analysis is equal to paralysis. 2. Always successful start-ups find the quick and easy economical approach. 3. It is always easy to replicate existing ideas or modify certain aspects of the successful existing ideas. Inventing from scratch will take a long time and please don't “Re-invent the wheel”. 4. The start-up team should be Action Oriented with Creativity, Innovation and Belief in oneself. 5. 10 to 15 % of the net sales should be spent in marketing and sales. 6. Online strategy should be one of the primary strategies for

Home Prices: Upward trend continues in GTA Toronto, October 5, 2011 – Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. “We have experienced strong growth in sales so far this year, with a much more active summer compared to 2010. However, while sales have been strong, we have continued to experience a shortage of listings, resulting in more competition between home buyers,” said Toronto Real Estate Board President Richard Silver. “Over the past few months, the listing situation has started to improve, so we expect home buyers will have more homes to choose

Ontarians pay highest... From Pg.1 including those who don't drive, subsidize government auto insurers to keep premiums lower. Government intervention is not always the answer, however, as seen by high premiums in B.C., Saskatchewan and Manitoba, according to the report. These three provinces rank second through fourth on the list. “These results are consistent with previous reports that suggest government-run auto insurance monopolies are less efficient than auto insurance provided by a regulated, competitive market," says Mohindra in a statement. "Drivers in B.C., Saskatchewan, and Manitoba should be asking why their

from in the months ahead.” With annual growth in sales (+25 per cent) outstripping annual growth in new listings (+15 per cent) in September, market conditions became tighter and the average selling price continued to grow by close to 10 per cent on a yearover-year basis. “Strong price growth through the first nine months of the year was mitigated to a great degree by low interest rates and rising incomes,” said the Toronto Real Estate Board’s Senior Manager of Market Analysis Jason Mercer. “As buyers continue to take advantage of the affordable home ownership options in the GTA, we remain on pace for the second best year for sales under the current TREB market area.”

City of Toronto ("416") Rest of GTA ("905") GTA

Average Price $495,686 $444,592 $465,369

Sales 2,452 3,686 6,138

Barath Surendran

businesses in this new era. 7. There should be clear market segmentation. 8. Developing a value proposition is the ultimate determining factor for success. 9. Even if you go online, Customer service is the key! 10.Build a Brand both online and offline. 11. Focus on Customer Acquisition. 12.Use Networking as the tool to reach out the masses. 13. Use Guerrilla Marketing Methods and tactics! 14.SEO is the new Buzz word for the new entrepreneur. 15.Use Direct Marketing. 16.Incorporate social media strategies. About the Author: Barath Surendran lives in India with more than 11 years of experience in the corporate sector. Currently Heads a Training company,“Techemate Leadership Academy.”For Expert Guidance, Training and Consulting Contact: +91 9444063345, +918122219316 Email:barath.surendran@gmail.com

governments have eliminated consumer choice and are forcing them to purchase auto insurance at rates higher than necessary." Average auto insurance premiums by province Ontario $ 1,281 British Columbia $1,113 Saskatchewan $1,049 Manitoba $1,027 Alberta $ 1,004 Newfoundland and Labrador $ 749 Nova Scotia $ 736 New Brunswick $ 728 Prince Edward Island $ 695 Quebec $ 642 source : www.yahoo.ca

Who gets preference in the Heaven: Minister or Stockbroker ? A minister dies and is waiting in line at the Pearly Gates. Ahead of him is a guy who's dressed in sunglasses, a loud shirt, leather jacket, and jeans. Saint Peter addresses this guy, "Who are you, so that I may know whether or not to admit you to the Kingdom of Heaven?" The guy replies, “I'm Joe Cohen, stockbroker, of Noo Yawk City." Saint Peter consults his list. He smiles and says to the stockbroker, "Take this silken robe and golden staff and enter the Kingdom of Heaven." The stockbroker goes into Heaven with his robe and staff, and it's the minister's turn. He stands

Summary of TorontoMLS® Sales and Average Price September 1 - 30 2011 2010 Sales 3,114 4,544 7,658

By

Average Price $462,963 $401,007 $425,757

TorontoMLS® Sales & Average Price By Home Type Sales Average Price 416 905 Total 416 905 Total Detached 1,073 2,602 3,675 706,288 529,436 581,072 Yr./Yr. % Change 30% 25% 27% 7% 10% 9% Semi-Detached 334 499 833 521,167 366,938 428,778 Yr./Yr. % Change 20% 19% 19% 8% 9% 9% Townhouse 317 804 1,121 400,482 332,679 351,853 Yr./Yr. % Change 24% 26% 26% 5% 10% 8% Condo Apartment 1,355 515 1,870 350,146 278,856 330,512 Yr./Yr. % Change 26% 14% 23% 7% 14% 9% 4

erect and booms out, "I am Joseph Snow, pastor of Saint Mary's for the last forty-three years." Saint Peter consults his list. He says to the minister, "Take this cotton robe and wooden staff and enter the Kingdom of Heaven." "Just a minute," says the minister. "That man was a stockbroker-- he gets a silken robe and golden staff but I, a minister, only get a cotton robe and wooden staff? How can this be?" “Up here, we work by results," says Saint Peter. "While you preached, people slept; his clients, they prayed."


EDITORIALS Editor-in-Chief & Publisher Perrii Muthuraman Direct : 416 473 6100

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NEWSSMART, INDIA www.newssmart.in 105-2100 Ellesmere Road, Scarborough, ON, M1H 3B7 Ph: 647 352 4945 | Fax: 647 352 6110 Email: info@dreamsandmoney.com www.dreamsandmoney.com DISCLAIMER Dreams and Money takes care to present all the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your specific circumstances, you are always advised to consult an expert before acting on any information.

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THE MISSION At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler. We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams. If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spreading the message etc.), please let us know. We’ll be happy to hear from you.

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You said it! Your mails!

It looks like "Dreams & Money" is moving in the right direction. I know that more and more publications are now choosing the route of "online only". However, my only concern is that seniors like me, who like your paper may not have the ease and comfort of reading the physical paper any longer. Anyway, I wish Dreams & Money all success in its new avtar.

Oh Canada! Where are you heading?

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rnest Hemingway wrote of the Lost Generation, a phrase that came to refer to those who grew up during World War I as well as to those who died on the battlefield. The recent deep recession in the United States has brought back a similar phrase, " the recession's lost generation” ....which means [Young adults] suffer from the highest unemployment since World War II and risk living in poverty more than others -- nearly 1 in 5." Then there's a similar phrase associated with Japan. It is,“Japan's Lost Decade”, which usually refers to the 1990s after Japan's assetprice bubble burst and stifled the economy and financial markets. Today, phrases like lost generation and lost decade remind us about the continuing volatile times and possible economic slow-downs/recessions. Will Canadian economy be affected? It is difficult to answer this question in the present day inter-connected world; but the answer could be possibly “Yes” In the USA, stock prices have declined. Real estate prices have declined. Incomes of most households have declined. In fact, almost everything has declined except household debt, which has increased. This is the general trend prevailing now in the United States. How about Canadian trends? In Canada, the trends are similar to the USA in some areas and not so in other areas. Similar trends are particularly noticed with regards to stock market and house hold debts. Until now, real estate trends are different from the USA. All these trends forewarn us the possible troubles ahead. Caution needs to be exercised at the individual (micro) as well as national (macro) level. At the national level, the Standing Committee on Finance held the first of a series of pre-budget consultation hearings in September; the results of which will be considered by the Minister of Finance in the development of Budget 2012. Most of the economists recommended that the government continue with its plan to cut inefficient spending, but that flexibility was needed if a recession does hit and the government should be prepared to increase spending at that point. The committee also noted that government spending on infrastructure lagged severely behind investment of infrastructure in other countries. Our view coincides with the majority view like increasing investment in public infrastructure, securing andentering into more free-trade agreements based on the beneficial interests of Canada, and encouraging corporations to invest some of their cash reserves back into the economy etc. Certainly, flexibility and willingness to alter Government's deficit-cutting plans are desired. Rigidity may be dangerous. Canadian consumers are relying on low interest rates to support high debt

Sundari Kalyanaraman, Toronto Inspiring stories! Excellent layout and design! Accidently I saw your epaper. Enjoyed it thoroughly! Will visit again. Keep up the good work. Keller Schmidt, Frankfurt I was searching for some information on mortgages; spent several hours and went through several websites. Finally I got the answer from your epaper (website). Thanks for placing so much valuable information on the public site for free. Maria Williams "World's Youngest Best-Selling Author" is an amazing story. Such true stories motivate people to work harder and smarter. Chen Chow "It's Housing Bubble Mania in Canada" is one of the very best graphics that I have seen in recent times. Message is conveyed in the simple but very effective manner. But it does not give any indication of likely course of future events. Rajinder Puri, Brampton Stock Market news is useful. Can you give tips for buying and selling? George Mathews, Toronto

OPINION

WORTH REPEATING

Canada's economy hampered by troubled neighbour The author is a Reuters Breaking views columnist. The opinions expressed are his own

anada's economic comfort is suffering at the hands of its troubled southern neighbor. The Bank of Canada on Wednesday stopped raising interest rates at 1 percent, largely because of deteriorating U.S. conditions. That's a pity — Canada would benefit from rates above inflation. But sluggishness and policy wrangling south of the border sap growth and make the Loonie less competitive. That makes the central bank's decision understandable. Canadian short-term rates are already 1 percentage point higher than America's zero rates, while the Canadian dollar has strengthened by 5 percent against the greenback in the past year. The prevailing near parity between the two currencies hurts Canadian exports, slows growth and hampers job creation, even though the country's resources sectors remain competitive. A pick-up in growth in the United States would help boost Canada's exports, while higher U.S. interest rates would reduce the upward pressure on the Canadian dollar. But neither of those things is likely to happen in the short term, and the U.S. Federal Reserve's commitment to a zero-rate policy through 2013 could even at some point put pressure on the Bank of Canada to reduce rates.

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loads. It is a suicidal step. Statistics Canada reported in September that household debt as a share of personal disposable income rose to a record 150.8% at the end of June. Thisincrease is slightly higher than in the United States. There it was 148% in the first quarter of this year. One of the reasons attributed to this higher household debt is strong house price appreciation, 5

by

Martin Hutchinson

Yet Canadian inflation approached 3 percent in the year to July, and the nation's savings rate, at 4.1 percent in the second quarter, is uncomfortably low — and has fallen by 2.7 percentage points in the past year. Higher rates could help on both counts. Increased savings could also help the government as it chips away at the budget deficit and tries to balance its books by 2013-14. Not that inflation, let alone growth, can be said to be overheating. But that, like the Bank of Canada's rates policy, has a lot to do with the cold wind from the south. The United States represented 73 percent of exports in 2010, and the hobbled EU and Japan a further 12 percent. A push to build closer ties with faster-growing developing countries could help long term. Location makes that diversification challenging and, if a U.S. diplomatic cable published by Wikleaks is to be believed, Prime Minister Stephen Harper's foreign travel — for instance to Brazil last month — isn't especially to his liking. But it's a worthy goal. In the meantime, Canada's erstwhile geographical advantage is, for now, its millstone. particularly in Vancouver and Toronto. Some economists anticipate housing price correction, which in our opinion, may or may not happen. Economic / employment downturn also may or may not happen in the near future. Whatever happens, debt reduction must be the goal, at the individual level to survive if any financial tsunami occurs.


DREAMS MONEY

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Protect Your Eyes With Fruits and Vegetables Cataracts and macular degeneration are two of the most common eye diseases. In fact, approximately 17 percent of Americans over the age of 40 have a cataract in either eye, and cataract surgery is the most common surgery in the United States, as well as in other developed countries. On the other hand, age-related macular degeneration, or AMD, is responsible for more than half of all visual impairment in the United States, and nearly 23 percent of all blindness among Caucasians.

As sobering as these statistics sound, there is hope. Whether you are talking about cataracts or AMD, the key to prevention is probably already sitting right in your refrigerator. Understanding Eye Disease A cataract is a clouding of the normally clear lens of the eye. As a

Ten Simple Steps to Help Prevent Vision Loss 1. Have your eyes examined regularly by an eye-care professional, and don't ignore changes in your vision. 2. Quit smoking for your eyes. 3. Eat ( leafy vegetables, fish etc) for healthy eyes. 4. Protect your eyes from sunlight. 5. Wear eye protection. 6. Consider vitamin supplements (If you are diagnosed with dry AMD). 7. Prevent diabetes ( to reduce your risk of many kinds of vision loss) 8. Manage diabetes (if you already have ) 9. Keep drinking moderate ( to lower the risk of developing cataracts) 10. Use an Amsler Grid (catch wet AMD in the early stages, when it’s much easier to treat. Wet AMD causes significant vision loss) Source : http://www.cnib.ca/en/ your-eyes/eye-care/prevent

Two key nutrients help prevent cataracts and age-related macular degeneration

By

Kimberly Day

Contributing Editor Peak Health Advocate

and thickens it in an attempt to protect the retina. This is why so many researchers have hypothesized that lutein and zeaxanthin help prevent cataracts. The reality, they don't — not directly anyway. While there is an inverse association between the carotenoids and cataracts, it's not a direct relationship. Instead, what researcher have

cataract forms, the lens becomes more and more yellow and opaque. While age is one of the largest predictors of cataracts, cataracts can also form after exposure to radiation with X-rays, unprotected exposure to sunlight (think no sunglasses), and long-term corticosterioid use. Age-related macular degeneration affects the macula, the part of the retina that is responsible for central vision and allows you to see fine details. A person suffering from AMD typically loses central vision, but maintains peripheral vision. For example, they would know that there was a clock on the wall, but they would not be able to tell the time. In this way, AMD has a significant impact on vision, but usually doesn't cause total blindness. Like cataracts, aging is a factor in the development of AMD. Other risk factors include smoking and gender, as well as oxidative stress, and a lack of lutein and zeaxanthin in your diet. Which leads us to … The Role of Lutein and Zeaxanthin Lutein and zeaxanthin are carotenoids found in fruits and vegetables. These yellow pigments are antioxidants found within the retina (particularly the fovea, or center of the retina) that help filter out short wavelength blue light. They have also been shown to help protect against AMD. In a landmark study from the Journal of the American Medical Association, increased intake

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of lutein and zeaxanthin was strongly associated with a decreased risk for AMD. As you age and/or your lifestyle creates more and more free radical damage, which then needs more and more antioxidants to offset the damage, your body (and particularly your eyes) can quickly become deficient in lutein and zeaxanthin. As a result, your retina cannot filter out the blue light as effectively, making it less able to offset damage from the blue light, and, bingo, you are at increased risk for AMD. Interestingly, a new study shows that your body has a rather peculiar way of compensating for this lack of yellow pigments (i.e., lutein and zeaxanthin): It forms a cataract! Cataracts Help Prevent AMD Yep, that's right. One eye “disease” is actually your body's natural mechanism to protect against an even worse condition. If you think about it, it makes sense. Lutein and zeaxanthin are yellow pigments that help filter out blue light. In their absence, your body needs to find another yellow substance to do the same job, so it yellows the lens of the eye itself

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determined is occurring is that high intake (and, therefore, high retinal concentration) of lutein and zeaxanthin help protect the retina, thereby not only reducing your risk of AMD, but also lessening the need for a cataract to develop in the first place. Get Those Greens and Yellows and … Clearly the easiest (and tastiest!) way to help prevent the formation of AMD and cataracts alike is to increase your intake of foods that contain lutein and zeaxanthin. These include green, yellow and orange foods, such as: Ÿ Bell peppers Ÿ Carrots Ÿ Corn Ÿ Peas Ÿ Squash Ÿ Sweet potatoes Ÿ Kale Ÿ Spinach Ÿ Collard greens Ÿ Egg yolks Ÿ Kiwi Ÿ Grapes Ÿ Oranges Whether you eat them raw or cooked, just eat them. Your eyes will thank you.

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Indian Market view & Market Outlook Indian Market review Market crashed during the third week of the month on weak global cues. Slowdown in China's manufacturing sector and Federal Reserve's assessment that the US economy faces significant downside risks rattled investors. Global markets declined after a meeting of European finance ministers made no progress toward resolving the euro zone debt crisis. Market edged higher during the last week of the month in highly volatile trade. European policy maker's efforts to support European countries struggling with debt supported the trend. Good monsoon rains also aided sentiment. However, fears of muted-toweak Q2 corporate earnings capped market gains. Stocks were volatile as traders rolled over positions in the futures & options segment from September 2011 series to October 2011 series. The September 2011 derivatives contracts expired on Thursday, 29 September 2011. Monsoon rains were 2% above average till 28 September 2011. Germany's approval of the beefedup bailout fund with much stronger support than expected in the Bundestag on 29 September 2011 provided sigh of relief to world markets worried about Berlin's commitment to resolving the debt crisis. The bill's passage by Europe' biggest economy allows euro-area

I

n Canadian immigration law, there is a provision for certain kinds of issues to be resolved by ADR before a formal tribunal hearing. Well. What is ADR (Alternative/Appropriate Dispute Resolution)? It is a term for processes designed to settle disputes without formal trials. It is an attractive option for many and replaces adversarial trials as a method of choice in resolving disputes. ADR is granted at the option of the tribunal and another individual conducts the negotiation and mediation. On agreement being reached, the agreement is presented to the tribunal and that becomes the ruling of the tribunal. There is generally no provision for negotiation or arbitration in the immigration ADR process If no agreement is reached, the

Stock Market Jokes My broker and I are working on a retirement plan. Unfortunately, it's his! ..................................................... The market may be bad, but I slept like a baby last night. I woke up every hour and cried. ..................................................... A long term investment is a short term investment that failed. ..................................................... A market analyst is an expert who will know tomorrow why the things he

officials to weigh further measures to bolster Greece. Market outlook Market may trade slightly positive during the first week of October 2011 after German's approval of bailout package to solve Berlin's commitment to resolving debt crisis. However, fears of second quarter corporate result may

week of October 2011. The advance tax payment by top 100 companies rose a modest 9.9% in Q2 September 2011 from a year ago against 19% growth in Q1 June 2011, suggesting corporate profit growth is likely to be muted in the second quarter. Auto and cement shares will be in focus next week as companies from

weigh on sentiment. Nearly a quarter of top 100 companies have paid lower advance tax in the second quarter reflecting the slowdown in growth and pressure on margins because of rising input costs and higher interest rates. Stock-specific action may be witnessed on the bourses ahead of Q2 result season, which starts during the second

these two sectors start unveiling monthly sales data for September 2011. Cement sales is likely to pick up as monsoon withdraws. On the other hand, higher interest rates and recent gasoline price hike is expected to adversely impact sales of cars and two-wheelers during the festive season. The timing of the latest gasoline price hike has been

ALTERNATE DISPUTE RESOLUTION (ADR)

Compiled by SadickKeshavjee

hearing proceeds and anything discussed during the ADR process is not allowed at the hearing, which is heard by a different tribunal. Arbitration is compared with other forms of dispute resolution systems 1. Arbitration: is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute'.

2. Negotiation: An agreed process without the involvement of a third party. The parties themselves endeavour to reach an agreement on their own. 3. Mediation: A dispute resolution process where a third party neutral facilitates parties to make their own decision. The outcome is an agreement to which the parties are committed, and when written into a contract and signed, it becomes final and binding. 4. Litigation in the courts: State sponsored resolution of disputes or 'going before the law. It is adversarial and past focused. The process is defined by rules. The court awards compensation punishment, the outcome often determined by public interest. Facts and evidence are presented applying the law to the facts. A solution is imposed by the courts. Advantages and Disadvantages of: Arbitration 1. It can be structured to suit the dispute 2. It is convenient

predicted yesterday didn't happen today! ..................................................... A stockbroker is someone who invests your money till it's all gone! ..................................................... I'm thinking of leaving my husband, complained the broker's wife. "All he ever does is stand at the end of the bed and tell me how good things are going to be." ..................................................... Momentum Investing: The fine art of buying high and selling low. Value Investing: The art of buying low and selling lower 7

OCTOBER 2011 M.Shekar

bad for auto firms. The festive season started early this month and it will last until Diwali, the festival of lights, at the end of October 2011. Sales normally pick up during the festive season every year. The HSBC purchasing manager index (PMI) data for the month of September, indicating health of manufacturing activity and Business activity index also for September, indicating health of the services sector activity, are due next week. The government will on Friday, 7 October 2011, unveil data on some wholesale price indices viz. the food price index, the primary articles index and the fuel price index for the year through 24 September 2011. Recently SEBI permitted foreign investors (QIB) to invest in equity markets. Hence, NRI and foreign investors can directly invest in stock market. Investing in Stock Market requires adequate knowledge and practice. We feel complexity in equity market can be eradicated by providing right training and knowledge. To fulfill the needs of the individuals, we provide real time training for better understanding through online training portal of www.ifmaonline.com Any queries, feel free to send mail at lakshmiskn@ifmaonline.com or call 9380034431

3. The arbitrator may facilitate negotiated settlement or mediation if required. 4. It is quicker than courts (if both parties committed to the process). 5. It is generally less costly than courts. 6. There is privacy 7. Awards are enforceable in courts. Negotiation / Mediation 1. Parties participate in the process. 2. There is confidentiality. 3. It offers an opportunity for discussion. 4. An informal and comfortable atmosphere prevails 5. It provides for an ongoing relationship. 6. There is a resolution by mutual agreement. Author of this article has been involved in lots of ADR issues over the years, either as a mediator or an arbitrator. He is a true believer of this process. In the immigration process such processes usually take place with spousal sponsorship cases. They are more rigorous than regular mediations. But this does hasten the process. ADR is not a claimant's right. Whilst it can be requested, such process is at the discretion of the tribunal SadickKeshavjee is not only a certified immigration counsel but also a certified arbitrator. He can be contacted at skeshavjee786@yahoo.com


OCTOBER 2011

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&

When Will the TSX Bottom? In early March and again in early April, the TSX saw the 14,300 level… an impressive performance considering the 7,500 levels of two years earlier or the 11,100 levels of July 2010. And in recent months, we’ve been watching these gains erode by the waves of European economic crises and increasing US debt levels coupled with staggering unemployment claims. So, we sit back now and wonder…

TSX TREND - April 5, 2011 to Oct 4, 2011

when will the TSX bottom You’d need an end to the European debt crisis (in all of the related countries), a dramatic increase in private sector jobs in the US, a more cooperative Chinese approach to regulating currency and interest rates by their dictatorial government, as well as several sanguine announcements from companies as they report their earnings about the health of their sectors going forward before we’d see a bottom for the TSX. Source of this comment: http://www.investinthemarkets.com

TSX TREND - Jan01,2008 to Oct 2011 TSX TREND - 3 months July 5 to Oct 4 2011

TSX TREND - Jan2, 2009 to Oct 3, 2011 TSX TREND - 1 month Sep 6, 2011 to Oct 4, 2011

TSX TREND - Jan4, 2010 to Oct 3, 2011

Tsx Is Officially In Bear Market Territory Now Just in the last month, the TSX has lost about 12.5 per cent or $250 billion from a market capitalization of $2.1 trillion on Aug. 31, making a huge dent in the value of stocks in Canadian pension plans, mutual funds and individual stocks held by ordinary Today's Stock Market Report Ÿ Helium was up, feathers were down. Paper was stationary. TSX TREND - Jan 4, 2011 to Oct 3,2011

Ÿ Fluorescent tubing was dimmed

in light trading. Knives were up sharply. Ÿ Cows steered into a bull market.

Pencils lost a few points.

Just for your laughter unchanged. Ÿ Shipping lines stayed at an even

keel. Ÿ The market for raisins dried up. Ÿ Coca Cola fizzled.

Ÿ Hiking equipment was trailing.

Ÿ Caterpillar stock inched up a bit.

Ÿ Elevators rose, while escalators

Ÿ Sun peaked at midday.

continued their slow decline. Ÿ Weights were up in heavy

trading. Ÿ Light switches were off. Ÿ Mining equipment hit rock

bottom. Diapers remain 9

Canadians. Fears over the pace of economic revival have translated into deep price slides for oil and metals and pushed the resource-heavy TSX into bear market territory, generally defined by a drop of at least 20 per cent from recent highs.

Ÿ Balloon prices were inflated. Ÿ And Scott Tissue touched a new

bottom. Ÿ And batteries exploded in an

attempt to recharge the market... From Clyde's collection


DREAMS MONEY

OCTOBER 2011

Swami Vivekananda Quotes 1. Love Is The Law Of Life: All love is expansion, allselfishness is contraction. 2. It's Your Outlook That Matters: It is our own mental attitude,which makes the world what it is for us. 3. Life is Beautiful: First, believe in this world - that there is meaning behind everything. Everything in the world is good, is holy andbeautiful. If you see something evil, think that you do not understand it inthe right light. Throw the burden on yourselves! 4.It's The Way You Feel: Feel like Christ and you will be aChrist; feel like Buddha and you will be a Buddha. It is feeling that is thelife 5. Set Yourself Free: The moment I have realised God sitting inthe temple of every human body, the moment I stand in reverence before everyhuman being and see God in him - that moment I am free from bondage, everythingthat binds vanishes, and I am free. 6. Don't Play The Blame Game: Condemn none: if you can stretchout a helping hand, do so. If you cannot, fold your hands, bless your brothers,and let them go their own way.

&

Rockfeller meets Swamji as narrated by R. Gopalakrishnan, Tata Group, Mumbai, India

r entered. He continued to do his work. After a while, he looked up at Rockefeller, who was not really used to being treated like a commoner. Rockefeller took a seat and conversation ensued.

I

n the late 1800s, Swami Vivekananda went to Chicago to attend the Parliament of Religions. He became an ardent and outspoken advocate of human values. One of the people he met in Chicago was John D Rockefeller, who had made a great fortune in the booming oil business at the time. Rockefeller was introduced to the Swami by a friend. Madame Emma Calve, a French lady disciple narrated this episode to Madame DrinetteVerdier, who has written about their meeting in her diary. That is my source.

It became apparent to Swamiji that Rockefeller had lots of wealth and Swamiji posed him a question, “If you have that much more money than other people, do you think that much smarter than other people?” Rockefeller replied, “Of course.” If he wasn't a hundred times smarter, he wouldn't have a hundred times the money, would he? Swamiji left him with the thought that he may not be one hundred times smarter, he maybe just three times smarter. If he had made a hundred times more money by being three times smarter, then perhaps he was merely an instrument through which this money has to go back to somebody else. “Why don't you think about it? And why don't you consider leaving some of your money for other people?”

Rockefeller probably came for a lark, meaning that he wasn't really interested in meeting Swami Vivekananda; he had been told that a saffron-clad monk was electrifying the people of Chicago, and it is possible that he went out of curiosity. Swamiji didn't even look up from his desk when Rock efelle

9. Listen To Your Soul: You have to grow from the inside out. None can teach you, none can make you spiritual. There is no other teacher but your own soul. 10. Be Yourself: The greatest religion is to be true to your own nature. Have faith in yourselves! 11. Nothing Is Impossible: Never think there is anything impossible for the soul. 12. You Have The Power: All the powers in the universe are already ours. It is we who have put our hands before our eyes and cry that it is dark. 13. Learn Everyday: The goal of mankind is knowledge... now this knowledge is inherent in man. No knowledge comes from outside: it is all inside. 14. Be Truthful: Everything can be sacrificed for truth, but truth cannot be sacrificed for anything. 15. Think Differently: All differences in this world are of degree,and not of kind, because oneness is the secret of everything.

Swami Vivekananda is the person who carried the eastern culture to the West. He was born on 12th January 1862 at Simooliya a small village near Calcutta. Vivekananda became Ramakrishna's disciple. He taught him all the Godly knowledge he knew. In the year 1888 Ramakrishna passed away. Vivekananda took his place as 'Guru'. In the year 1893 he attended the Conference of all religions at Chicago. He represented the Hindu religion. He delivered informative lectures about Hinduism and impressed the greatness of Hindu religion on all nations. He traveled widely in America, England, France and many other foreign countries. He had disciples in all these countries. He returned to India in 1897. He died at Belur on 5th July 1902 at the early age of 39.

This sounded absolutely ridiculous to Rockefeller, and he departed with the polite statement that he had worked really hard to make his money, and he had absolutely no intention of leaving it to other people. But curiously, three weeks later, he came back to see S w a m i Vivekananda, this time of his own accord. He threw on his table a

7. Help Others: If money helps a man to do good to others, it is of some value; but if not, it is simply a mass of evil, and the sooner it is got rid of, the better. 8. Uphold Your Ideals: Our duty is to encourage every one in his struggle to live up to his own highest idea, and strive at the same time to make the ideal as near as possible to the Truth.

Who is Swami Vivekananda?

Practical spiritualist :

A Story told by Swami Vivekananda wami Vivekananda often told a story of a man whom he pointed out to be a practical Vedantist (follower of a kind of philosophy). He narrated the story to his followers in order to urge them to apply the essence of Vedanta in their day to day life.

distinction which was prevalent those days. A coachman apparently could not behave such way to children belonging to the upper caste. When she asked him the reason, he turned around and said that they were his own children!

S

The coachman then went on to narrate his story. He revealed that he had been a manager of a very famous bank that had failed, which the Duchess recognized immediately at the very mention of it. He revealed that he had incurred a lot of debts owing to the bank's failure and that to clear them would take some years. Hence with the little that was left, he had purchased a carriage and drove it to earn his living. He has housed his children and wife in a nearby village, with a maid to take care of them. However while narrating the sudden tragedy that had befallen, he positively stated that soon he would pay off the debts and start a new bank.

Once Swamiji was travelling with an Italian Duchess, the Duchess of Parma who was one of his friends he made in the Western world. The Duchess once took Swamiji out in a carriage which was hired for their ride in the country side. Since Swamiji encouraged people to learn foreign languages, he himself familiar with a little French, the Duchess told him that the carriage driver could converse in polished French. A coachman to talk polished French was something unusual those days. As the conversation went on, the coachman slowly drove the carriage to the side of the road where a maid and two children belonging to the upper caste were waiting.

Swami Vivekananda was amazed and delighted at the man's positive outlook. He exclaimed that he was an embodiment of a practical Vedantist. Despite having fallen from a high state, he still held on to life. He marveled at the power of his mind. He also narrated the story often to his followers.

The coachman got off the carriage and picked up the children in his arms and stroked and kissed them. He then got into the carriage to resume the journey. The Duchess was shocked by his behaviour owing to the class 10

piece of paper, by which he endowed a certain sum of money — I forget how much it was, but it was small by Rockefeller's standards — for some noble purpose. He asked the Swami, “Are you happy now that I have done this?” Swamijiresponded, “Why should I be happy? You have to ask yourself whether you have left enough out of the total wealth that you have?” It took another 15 years after this episode, that Rockefeller set up the Rockefeller Foundation in 1913, which has gone on to do an enormous amount of good work in society over the last several decades. The story illustrates the point of trusteeship. When you have earned a lot of money, whose money is it? Did that money come to you entirely because of yourself or is it possible that you are merely an instrument through which you should canalise it back to society? It is a very interesting question to ponder. I narrate this story, because the element of trusteeship comes out so clearly in the conversation between Swami Vivekananda and John D Rockefeller.


Dreams & Money - October 5th Issue