Tag Archives: Jim Flaherty

Finance Minister Wants Corporate Canada to Spend its $525 Billion in Cash

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Canadian Finance Minister Jim Flaherty says the Canadian economy needs Corporate Canada to start spending the $525 billion in cash and other liquid assets that it has on hand. Since the financial crisis of 2008, Canadian corporations have been increasing their current assets in an effort to create a larger liquidity cushion to mitigate the risk from possible future economic […]

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Inflation Drops to 1.2% in May, Reducing Likelihood of Rate Hike

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Prices increased 1.2 percent in the 12 months leading up to May, a drop of 0.8 percent from the annual inflation rate in April, according to a report released by Statistics Canada today, a development that could keep interest rates low and help shore up housing prices in the near term. The slowdown in inflation was due primarily to declines […]

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