Canada's economy looking up: Flaherty Add to ... CP Video Published Friday, Aug. 31 2012, 2:00 PM EDT Last updated Friday, Aug. 31 2012, 2:00 PM EDT Finance Minister Jim Flaherty is cautiously optimistic as the economy grew at an annual rate of 1.8 per cent in the second quarter. Flaherty says the government is prepared to take action to counteract global instability. Watch More Video: Scott Andrews' constituents react to allegations against MP Canadian Forces to help combat Ebola in West Africa Charges dropped against B.C. pipeline protesters Tiger Putin released into wild now being blamed for Chinese goat slaughter What qualifies as consensual sex? Doug Ford not running for PC leadership Watch as dozens of 'protest' sheep rush the Eiffel Tower Raw: Messy Winter Storm Hits Massachusetts Police comment following release of footage showing shooting of 12-year-old boy Obama thanks military, volunteers on Thanksgiving Dozens arrested as Ferguson protests spread to California Jian Ghomeshi's lawyer gives brief statement to media 'I don't believe a word of it': Mother of Michael Brown on officer's version of events Raw footage captures frantic scene following Jian Ghomeshi court appearance Jian Ghomeshi facing charges Thousands hold vigil for Michael Brown in Toronto Ferguson protesters flip police car, try to burn it University of Virginia president calls rape allegations 'shocking' Raw footage captures disruption at Brown family news conference Kitchener venue has no plans to cancel upcoming Cosby show Comments AA More Related to this Story Corporate ‘dead money’ rises to buoy GDP Economy Lab Economy Lab: Are Canada’s banks getting too big to fail?