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Posted AT 6:00 AM EST on 18/07/08

Worst-case scenario? Canadian hard assets would skyrocket

Globe and Mail Update

Are there any winners in a financial market Armageddon? John Riley thinks there could be. And it turns out that we Canadians could be sitting in a (relatively) good place should the roof cave in. Mr. Riley, president and chief investment strategist at Rhode Island-based financial advisory firm Cornerstone Investment Services, published a report yesterday entitled “Worst Case Scenario,” which revolves around a major meltdown in the U.S. banking sector.

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