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Examples
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Jane Malyon from The English Cream Tea Company, who hosted the Essex cream tea party, said the record combined her passion for quality time with her love of British tradition.
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"Strangers became friends over scones, cream, jam and tea - and the atmosphere was as special as this amazing Guinness World Record," Malyon said in a statement from Guinness.
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"It is a bit counterintuitive to have all this U.S. dollar strength, given that the subprime crisis started in the United States, but I think the key observation is that it started in the United States but it didn't stop there," Malyon said.
Macleans.ca 2008
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In fact, Malyon said, the loonie has fared comparatively well next to some of its peers - losing about 18.5 per cent of its value against its U.S. counterpart from July 1, while the New Zealand and Australian dollars have lost 22 per cent and 30 per cent, respectively.
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Malyon added that this should allow the Bank of Canada to continue cutting interest rates to stimulate the economy, at least in the short term.
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But this time, a global slowdown in demand combined with lower costs for raw materials is making consumer goods cheaper and should therefore insulate the Canadian economy from inflation, said Malyon.
Macleans.ca 2008
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