Canada's economy looking up: Flaherty Add to ... CP Video Published Friday, Aug. 31, 2012 2:00PM EDT Last updated Friday, Aug. 31, 2012 2:00PM 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: Calgary 'balloon man' charged with mischief Therapy dogs calm travelers amid heightened security Jane Fonda joins 'historic' Toronto rally for jobs and climate Clinton accuses China of hacking Britain's royal family gathers for christening of Princess Charlotte Greek polls show 'No' vote ahead by small margin Harper rallies Calgary Tories with song, attacks on opposition Kerry says Iran talks could go either way Speeding bus plunges off bridge in China Polls open in Greece euro zone referendum Low oil prices can’t crush stampede spirit Hunt is on for WestJet bomb threat culprit 'I'm safer in Baghdad': Courtney Love caught in violent anti-Uber protest in Paris Greece suffering from 'brain drain' as thousands of doctors leave for Germany 'It's big business now.' Saskatchewan family sells farm after three generations on the land Say goodbye to popping bubble wrap? Shadow of debt crisis looms over Greek holiday isle Bomb threat made against Victoria-bound flight 'Yes' camp takes slim lead in Greek bailout referendum poll More Loblaw workers threaten to strike 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?