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CA Economic Fundamentals 2008-09

joeiannuzzi

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Water supply fragile, experts say

Water has been called the "blue gold" of the 21st century, and it is one of Canada`s most abundant resources.

While many countries struggle for enough fresh water, Canada has about 20% of the world`s supply. But that is no reason for complacency: The meaningful figure for conservation purposes, environmentalists say, is renewable freshwater from rain and snowmelt. Natural Resources Canada reports the country has under 10% of the world`s renewable water supply.

http://www.nationalpost.com/todays_paper/s....html?id=849353
 

vandriani

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joeiannuzzi

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Don`t lose any sleep over canada`s financial system

Worry about the stock markets if you must, but not the financial system on which it`s built.

Pretty much everything financial looks like garbage today. Stocks had a historically bad day, the capper on a September to remember for its nastiness. In the United States, lawmakers voted down a rescue plan that was supposed to save the U.S. financial system from ruin. And in the background, more U.S. and European banks were flat lining.

Mattresses, anyone? The rate of return isn`t so hot, but at least you know your money won`t be used by any financial Einsteins to fund mortgage loans for people who can`t begin to afford them. That, in essence, is what`s causing the mayhem in financial markets right now. Bankers, brokers and insurance guys blew it, and everyday savers and investors are getting hammered.

But let`s not lose perspective. Here in Canada, your money is safe.

http://www.theglobeandmail.com/servlet/sto...ory/TPBusiness/
 
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