It is interesting to see the difference between what China is proposing and what Flaherty is talking about in Canada. China is talking investment, while Canada is talking more about freeing up credit.

I suppose the fact that China is still expected to grow by almost 10% this year makes a big difference. Canada does not have the deep pockets that China has, and there is a lot pf hand-wringing about deficit spending here, particularly after the PM promised he would not have a deficit during the election campaign.

Well, I expect that the Premiere's will be pushing for infrastructure investment in a big way today, and that may be what the PM needs to wiggle out from under his campaign promise. He can spend into a deficit and blame it on the premiere's... or at least say that he has their support on it.

Still, there will not be the kind of investment China is making.

Now, if the PM would just go to China and tell them how great our Canadian products are.....

Cheers,

Bluenoser