Way
back in February, I took a brief look at Canada's corporate world and
their cash reserves. This issue was brought to Canadians' attention
during the
summer of 2012 when Canada's recently central bank head honcho, Mark
Carney, shook a well-manicured finger at Canada's corporate sector for
sitting
on piles'o'cash.
Estimates
suggest that Canadian corporations are sitting on between $560 and $600 billion
in cash, up 25 percent since 2008 and up 100 percent over the last 10 years.
To put this number into perspective, Canada's corporate sector is sitting
on roughly one-third of Canada's GDP...in cash reserves.
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