P The surprise has really been that Canada has not suffered as much as you would have thought from the high Canadian dollar,” Heinmaa says. But the bigger puzzle—one raised last year by then Bank of Canada governor Mark Carney in his attack on “dead money”—is why those companies that have managed to reap impressive profits have been hoarding cash, rather than investing more in future growth. Could it be that executives still vividly recall what happened in 2008 when capital markets and access to short-term funding seized up? Heinmaa thinks so. “It isn’t an issue of [lack of] confidence in the government. It’s a degree of self-insurance.” theglobeandmail/report-on-business/rob-magazine/top-1000/top-1000-in-a-dismal-year-for-profits-canadian-banks-soared/article12842939/?page=1
Posted on: Sat, 29 Jun 2013 02:59:19 +0000
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