Monday, July 22, 2013

Canada's Corporate Cash Hoarding Part 2

http://viableopposition.blogspot.ca/2013/07/canadas-corporate-cash-hoarding-part-2.html

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.

Here is a who's who of Canada's corporate cash kings:

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