Uncle Jim is down because most of his nephews and neices, while hearing his words, are not taking benefit from his wisdom. I am mostly refering to residents of the US.

I do feel that Canada is less of a risk but by not much.

My view of the canadian situation is that it should not be a risk at all except for Mr.Harper's actions.
Mr.Harper who mostly got elected on the shoulders of the west and the oil resources there in should be supporting his constituency by letting the Looney float on its own and thus the west would get maximum value for it's resources. But what he does is depress the Looney supposedly to help the manufacturing base in Ontario and Quebec at the expense of the west.
My feeling is that he is not so much supporting the manufacturing sector as the oil companies who are reaping a wind fall at the expense of all canadians. There is no shortage in Canada, so no need for "World Oil Price" in Canada.

The energy costs are building in inflation into everything thus Canada is following the US, just at a slower pace and to a lesser degree. So while I believe that the US is and has been in a recession since January, Canada Is at risk for the same.

I also feel that silver is lagging gold ($963) as I write (silver $18.75) by at least 40 cents lower than it should be ($19.20) based on a concervative 50:1 ratio.
And that ration should be more like 40:1.
The same goes for ECU, same lethargic reaction.

Power to the patient.