Kiyoko Fujimura
Buzzbuzzhome Corp.
June 17, 2010

Canadians are certainly in the international limelight nowadays. Our real estate boom, the Olympics, rising interest rates, the G20 and G8 summits, and we’re getting cocky– the Canadian way.

According to the Toronto Star:

In a noon-hour speech to a business audience in Charlottetown on Wednesday, Carney said Canada will lead the big advanced economies of the Group of Seven in growth over the next two years — although that may not be saying much.

So where does that leave us? The Central Bank raised rates recently. But if there’s a positive outlook for Canada, will they raise them again on July 1? Probably not. The international stage is still too uncertain and Carney doesn’t want to unnecessarily set Canada back.

While the message was that Canada would ultimately lead the world’s recovery as far as developed economies, he also stressed the importance of developing economies.

According to the Toronto Star:

Canadian corporations must be bold in meeting the challenges of the new economy where two-thirds of growth now resides in emerging economies, not established ones like the U.S.

So we’re doing well. But only relatively well. And only relative to developed countries, not developing ones. Can you even call that bragging? Oh, Canada.

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