Canadian businesses urged to start spending their cash

Posted on 2014/05/27 in Business, Google+

Statistics Canada reports that businessess are sitting on $626 billion in unused cash.

"A report by the International Monetary Fund […] sounded alarms about how Canadian companies are accumulating so-called 'dead money' — idle cash reserves — faster than any other country in the G7."

"Companies hoarding cash thanks to needless tax cuts
Statistics Canada data shows Canada's corporate cash hoard was $626 billion in the last quarter of 2013, a jump of six per cent over the previous quarter — more than the federal debt and almost a third of the country's gross domestic product."

Article from CBC News: http://ow.ly/xgDx8 

Canadian businesses urged to start spending their cash
Corporate Canada has come under increasing pressure to start investing in their businesses to expand the economy and create jobs

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