CanadaStrong Mineral Production
Like Australia, Canada is incredibly resource rich. Over 3.79 trillion cubic feet of natural gas is exported every year. Nickel is a top metallic mineral produced, with shipments valued at almost $10 billion. Copper production is over $4.5 billion, followed by uranium at $2.5 billion. In total, $84 billion-worth of mineral production takes place in Canada, when smelting and refining of domestic and imported ores and concentrates, recycling, steel and aluminum production, and oil sands mining are included. Because these resources attract buyers around the world – including, of course, the U.S. – Canada has about C$54.6 billion (US$43.9 billion) in foreign exchange reserves and assets. Canada has the lowest net debt to GDP ratios of all the G8 members and projected to fall even further in 2009. That sets up a nice strength argument for the economy and its currency. That means that the country doesn’t have to print its way out of the current economic crisis. It has taken measures to ensure bank liquidity, but not by injecting newly minted money into the system. It’s buying up $75 billion of insured mortgages, for one thing, generously cutting interest rates, and increasing access to longer-term financing. Your Ticket to the Ultra-Hot Market of CurrenciesLess than 1% of Americans will be offered the chance to undo the damage of 2008. Here’s how you could be one of them… and see potential big gains from today’s ultra-hot currency markets. Just consider that Australia’s currency has climbed 44% over the past six months… Norway's currency is up 40%... Be one of the few to benefit from currencies. So please ACT NOW!! Visit Our Other Global Investment Opportunities |
