Canada businesses beginning to spend again, Flaherty says

Posted by Reuters Canada

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Canadian businesses, which former Bank of Canada Governor Mark Carney once accused of sitting on piles of cash, are beginning to spend again, Canadian Finance Minister Jim Flaherty said on Wednesday.

“We’re beginning to see some life and some action,” he said of the businesses’ investment activity, at a conference examining the budget he delivered on Tuesday.

However, he said there was not as much business investment as he would like.