Canada on doorstep of global water boom

Nov 30, 2010

Jameson Berkow, Financial Post Tuesday, Nov. 30, 2010

Water, as far as many Canadian businesses are concerned, might as well be liquid gold. Already a world leader in water management technology, Canada is extremely well-positioned to profit from the fast-approaching global boom in water-related spending.

“There is a huge lack of water around the world and there is a growing population as well, so with those two going in opposite directions [water management] is going to be one of the most valuable markets in the world,” said Richard Verreault, chief executive of GLV Inc.

The Montreal-based public company was once focused on three sectors: mining, pulp/ paper and water. It sold the mining group a few years ago to a Danish company to focus on pulp and paper and water “with water taking the priority” Mr. Verreault said.

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