This past summer has seen many parts of the world beset by massive flooding. Many of these events have been in the wake of hurricanes and similar storms which have produced salt-water floods from the sea. Others have been the result of melting glaciers and overflowing rivers, which produced fresh-water floods. When witnessing such floods, it is hard to imagine that in many parts of the world there are severe drought conditions which have resulted in formally powerful rivers like the Yangtse in China, the Rhine, Danube and Po in Europe, and the Colorado in North America drying up.

Lack of water in these areas affects not only the domestic uses of water for bathing and drinking but also impacts industries that rely on access to water.

One of the countries best equipped to aid the world in handling some of these requirements is Canada. The country possesses one of the largest renewable supplies of freshwater in the world, with access to upwards of 20% of the world’s surface freshwater and 7% of the world’s renewable water flow. Canada has the third largest annual water yield of all countries, surpassed only by Brazil and Russia. However, water has become a political issue in Canada. It behooves the country to think about how it will respond to future calls by neighbours and others to share our riches.

We believe the exportation of water will be – and should be – strictly regulated. But outside of the opportunity to export water, most regions across Canada have a golden opportunity to attract industries which rely on secure supplies fresh water.

Disclaimer:  Please note that the publication is designed to provide general information only. It reflects the thoughts and opinions of Logan Wealth Management and should not be construed as financial advice, nor should the information be considered a substitute for personal advice. Information used in this publication has been gathered from sources believed to be reliable. Logan Wealth Management is not responsible for and assumes no liabilities or responsibility for any loss or damages suffered as a result of the use or misuse of, or reliance on the information or content of this publication. Please consult your financial adviser to determine whether the information is applicable to your personal situation.