Recovery’s coming, good news for Canadians and a special report on financial risk.

A year ago this week, the S&P/TSX Composite index recorded its lowest post-credit crisis close. Canada’s main stock index sunk to 7,566.94 at the closing bell on March 9, 2009, a number not seen since October 2003. Roughly speaking, the index’s value was sliced in half after enjoying a record high close of 15,073.13 back on June 18, 2008.

One of the more useful management clichés reminds us that we can’t manage what we don’t measure. A study released last month by global research firm TNS suggests that – on the subject of financial risk at least – we can add to the cliché. We can’t manage what we don’t measure, and we can’t measure what we don’t understand.