- Russia may add Canadian and Aussie dollar to its reserve currencies
- UBS predicted that the IMF will include the Canadian dollar in its reserve currencies as well

European companies with less European exposure; global companies.
CUK, TEVA, NVO, FMS

- Very large companies will be able to borrow 100 bp below
- FDIC can cover creditors costs up to 100%

Market Call: Global Equities
GE does not recommend as they do not have a lot of free cash flow; GE capital has attributed to a downgrade in the company
X? - look at those who are providing iron ore as they will be making the price instead of being price takers. Rarely does the dividend go up over time. Very risky. BHP Billoton provides iron ore and are therefore price setters. They are the quintessential commodities stock if you have one stock.
Banco Santender; STD;

Cameco. CCO - long life reserves; decent price; diversified in Uranium; copper, dividend likely safe. Decent price if you have a 3 to 5 year play.

TEF; 8.4% down 40% year to date; more than 40% are outside of Europe.
TIH; Toromont Industries; equipment company
BHP; long term hold; a lot of cash on the books;