Carney on Business Investment: You Read It Here First
Nine days ago, I posted about private non-financial corporations accumulating cash rather than investing in Canada. A week later, the Bank of Canada’s Monetary Policy Report (MPR) noted “the relatively high level of liquidity held by the non-financial corporate sector and weak investment†(page 19). By my count, the document expresses concern eight separate times about anemic business investment. It acknowledges […]
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