On Tuesday morning the main Canadian index, the S&P/TSX composite, was up 337 points to 12,467 by 11 a.m. ET after it had tumbled 605 points on Monday, while the U.S. market opened with a nosedive after being closed on Monday for a holiday.

Mutual funds and other investments are taking a hit, but B.C.'s economy is relatively protected, say economists...

See CBC.ca for the rest of the story!

It seems as though some people are very scared and almost terrified of the current US market.  There are many out there stating that "recession" has already hit our neighbors to the south and that as Canadians we need to brace for the inevitable fallout to follow.  I for one tend to think that we feel some impact in our economy but not to the point that the US finds itself in already.  Obviously, the question to ask is what should I do with my investments and should I be looking for alternative places to invest my monies?  Real estate would likely be one possible investment to diversify ones portfolio.  British Columbia tends to be a very attractive place to live with exceptional landscape and all the outdoor activities that a person could ever want.  Many families relocate to our beautiful province ever year and the Okanagan Valley is a very sought after region on most buyers wish lists.  The next few weeks should prove to be interesting in terms of where Canada stacks up on a global scale in the marketplace.

 Sincerely,

Jason Neumann