Corporate money is not dead (and it’s not resting, either)
— The Globe and Mail
Remember Bank of Canada Governor Mark Carney’s assertion in August that corporate Canada was sitting on over $500-billion in “dead money,” depriving investors and the Canadian economy as a result? A new study by Moody’s Investors Service says Mr. Carney got it dead wrong. If anything, corporate Canada may not be handling its cash as carefully as it should.