This article was last updated on April 16, 2022
Canada: 
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Finance Minister of Canada, Jim Flaherty, has once more requested all the Canadian chief executives to use the large lumps of money they have hoarded for further investment as it will not only improve the Canadian economy but also create jobs. Just a month ago the Bank of Canada’s governor, Mark Carney, reproached the Canadian CEO’s for sitting on “dead money” and not investing some part of their wealth in the Canadian economy. At the time also Flaherty seconded Carney’s call and agreed that now it’s only up to the private sector to use its capital and help stabilize the economy.
Flaherty was speaking to the Canadian Council of Chief Executives conference in Ottawa this Tuesday, which largely focused on the Canada-Asia relations. He stated that the world is rebalancing toward Asia and “Canada must respond to this fundamental shift.” He further explained that the federal government has already lessened the taxes and opened trading markets in Asia with the motive of inciting the Canadian economy. Flaherty mentioned in his speech to the CEO’s that “our country’s long-term prosperity is linked to reaching beyond our borders for economic opportunities that serve to grow Canada’s trade and investment.”
Flaherty’s speech also stated that “our government cannot do this alone. Private-sector business investment must also help lay the foundation for a sustained, long-run expansion of Canada’s economy and job growth.” He further added that “ultimately, it is up to you in the private sector to take advantage of all of these strengths and to invest, to create jobs and to grow our economy.”
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