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Canada’s cash hoard not the work of misers

Given all the scolding, nagging and finger wagging directed at corporate Canada for its unprecedented cash stockpiles, it’s hard not to picture a bunch of Scrooge-like misers refusing to toss even the smallest lump of coal on the barely smouldering embers of the country’s economic fires. But upon closer inspection, this may not be a case of businesses having become stingier over the short term – but, rather, the result of having become smarter over the long term.