But here is the good news. Myers also cited a whole listfull of business opportunities created by the current downturn. Not every company is in a position to seize these opportunities, but those who can should definitely be looking at this list as a recipe for action.Opportunities in the Current Recession:· For companies with cash and investment strength· Replace competitors (who falter or struggle in this economy)· Acquisitions· Respond to new and emerging customer demand· New product and market development· Infrastructure and Innovation (including the smart grid, green energy, health care, logistics and security, and energy – all areas where Canadian companies have some advantages)· Product specialization, services, new processes, new skills