The Canadian Success Story to Watch

Last week, I visited a wonderful, hospitable province, which, in my opinion, is the Canadian success story of the 21st century. It is almost hard to fathom that there is a province which;
-supplies 1/3 of the world’s potash
-supplies 1/4 of the world’s uranium
-is the 2nd largest oil producing province
-is the 3rd largest natural gas producing province
-is the 3rd largest coal producing province
-has significant oil sands potential
-has the world’s largest diamond exploration project (Shore Gold)
-has significant base and precious metal finds (zinc, copper, gold)
-has the largest rare earth minerals find in North America
-has significant potential for helium and associated gases
(Excerpted from “The World is Watching Saskatchewan” -49 North information brochure)
Few Canadians give much thought to Saskatchewan...but you should.  After years of overtly anti-business sentiment, an entrepreneur friendly government has risen to power.  Resource development is no longer a dirty word in Saskatchewan, and the result has been swift and dramatic.  Major mining company regional head offices are scattered around downtown Saskatoon.  The decades old population bleed has been stemmed, and the province grew by 30,000 last year.   Graduates who fled their homeland to Alberta, BC, and Ontario, are returning.  House prices have doubled.  Investment dollars are flowing in, and opportunity abounds.
Over the next few weeks, my show will concentrate on this growing investment opportunity.  Stay tuned...it really is an exciting opportunity.

The Greek Debt Crisis

I have been struggling with the recent response to the Eurozone debt crisis.  Quite simply, the EU has made it evident that they will print money to pay the debt of a member that is in trouble.  Although this may seem reassuring in the short term, a basic problem exists.  With much of the EU counties' debt denominated in Euros, this fundamentally ensures the devaluation of the Euro, to the detriment of global investors.  By allowing debtor nations to pay back the debt with essentially devalued currency, the EU does little to ensure the fundamental economic reforms will happen in the weaker member nations, referred to as the PIGS (Portugal, Italy, Greece, and Spain, with honourable mention to Ireland). 

We have seen how well received Greece's austerity measures have been.  Less notice has been given to the electoral rebuff dealt to Angela Merckel on the weekend.  Reforms will be unwelcome in both the weaker, and stronger states of the Euro.

If that is not troubling enough, read this Financial Post article (CLICK HERE) on the emerging sovereign debt crisis in the US.

Stay tuned.  This story is far from over!

Seasonal Investing Interview

This morning, I am interviewing Brooke Thackray, author of several books, about his work on seasonal investing.  Tune in to hear his thoughts on the following;

What is seasonal investing?

What causes the seasonal fluctuations in the market place?
Does it always work?
Does seasonal investing only work in the stock market?
What are some of the seasonal trends at this time?
Are there any seasonal investments in the summer time?
How long does the average seasonal trade last?
How can an average investor profit from seasonal investing?
 
If you would like a copy of his book, I have a limited supply available...send me an email with your name and address!