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WE'RE PROTECTING CANADIANS BY HOLDING THE POWERFUL ACCOUNTABLE

Journalism is an important public service. That’s why we’re prioritizing stories aimed at keeping Canadians safe and holding the powerful accountable.

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Corporate Canada’s cash hoard exceeds national debt

This is quite a milestone. The amount of cash held by private non-financial corporations in Canada stood at $626 billion in the fourth quarter of 2013, up from $591 billion in the third quarter, according to Statistics Canada. The big jump means corporate Canada’s accumulated stock of cash now exceeds the federal government’s accumulated deficit, […]

March 17, 2014

This is quite a milestone.

The amount of cash held by private non-financial corporations in Canada stood at $626 billion in the fourth quarter of 2013, up from $591 billion in the third quarter, according to Statistics Canada.

The big jump means corporate Canada’s accumulated stock of cash now exceeds the federal government’s accumulated deficit, Erin Weir, an economist with the United Steelworkers union, points out. (The national debt…