[5] In 1943, using scaling ropes, Waters led his unit up the sheer cliffs of Monte la Difensa to attack German defences.

He was a co-founder of the Bowfort Group of Companies, which engage in farming, real estate and investment operations throughout Western Canada.

In 1989, under strain from the troubling and complex wrangling surrounding the Meech Lake Accord and constitutional amendment talks, Alberta Premier Don Getty called for a Senate election.

Although it was a non-binding result, he was selected as the first person to be elected by a provincial population to be the Prime Minister's recommendation to the Governor General for appointment to the Senate.

Pressured by Getty and Reform, with Deborah Grey promising that if "we don't get this seat, we'll get 10 in the next election", Prime Minister Brian Mulroney agreed to advise Governor General Ray Hnatyshyn to appoint Waters to the Canadian Senate.

[10][6] After Waters' death, Alberta Premier Don Getty lauded his contribution towards Senate reform, calling the momentum created by his election "unstoppable".