Is Canadian capitalism heading for a crisis? Part 2: Corporate hoarding

Written by Geoffrey McCormack on June 9, 2019

In my last post, I argued that Canadian capitalism is becoming increasingly unstable. A buoyant economy requires growing returns, and profits have been uninspiring to would-be investors.

Optimistically, GDP will grow by 1.6% this year. The employment rate is lower than it was during the darkest days of the Great Recession. And real incomes are stagnating.

If businesses are not investing actively, what are they doing with their cash?

Read more here.

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