December 11 Editorial
Our December cover story features an interview with one of Canada’s most successful portfolio managers, CEOs and investors. Sprott Asset Management’s heavy investment in silver and gold bring a silver lining, if you will pardon the pun, to the precarious global economic outlook forecast at every turn. “Silver is the investment of this decade,” says Sprott, and he puts his money where his mouth is, recently purchasing an additional $1.5 billion of silver bullion for anticipated demand for his company’s exchange traded fund. Prescient investors are looking more and more at commodities to protect their assets in this environment of continued devalued currencies, and Sprott explains the data behind his confidence in the metal. As Alex Carrick cautions in his monthly column, it will not pay to take a passive stance.
Despite challenges from abroad, Canada has fared exceptionally well, as the pages of this issue attest to: never have we had more outstanding companies to profile. We decided it was past time to laud the praises of Mississauga, Canada’s sixth largest city, and home to over 60 Fortune 500 companies. And filling these companies are many graduates from the University of Toronto, Mississauga campus, with a new educational paradigm created in tandem with the city of Mississauga to facilitate its evolution as a knowledge-based centre.
We also bring you commentary on the ill-begat Occupy Wall Street movement (which disintegrated into a protest over the right to sit in a park here in Toronto) from Roy Green, along with contributions in the fields of clean energy, retail, healthcare and resources.