Well, I'm based in Canada, but my work targets the US market & UK market.
As Hampstead says - the theory is universal.
If you have a domain which is a "domain.ca", then you'll automatically skew for results when folks use, specifically, Google.ca to search for things - country-specific domains tend to rank higher in country specific versions of the engines, as a generalization.
Basically, this means, if you optimize properly and see solid results, and you're running a .ca domain, you'll likely place well in the rankings when folks us G.ca to search.
Hope that helps.
Duane
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