I have an ipod touch that i first recieved in the united states, now i am currently residing in canada. my question is can i have an itunes account from both countries without wiping out all the songs and apps. on my ipod??

please help, i am wondering if i can have both an itunes account from the usa and canada on the same ipod without wiping out my music and apps.???

You can retain the apps and music for the USA account.  However, you can only use the iTunes store in the country you are physically located.  Thus, you can't update the USA purchased app when in Canada.  See the following too:
iTunes: How to share music between different accounts on a single computer

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