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Mark Carney, the head of the Bank of Canada, speaks at a press conference after addressing the annual convention of the Canadian Auto Workers Union in Toronto on August 22, 2012.
Mark Carney, the head of the Bank of Canada, speaks at a press conference after addressing the annual convention of the Canadian Auto Workers Union in Toronto on August 22, 2012.
(Peter Power/The Globe and Mail)

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Corporate money is not dead (and it’s not resting, either)

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.