Canada on doorstep of global water boom

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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