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Tax Season Corporate Canada to spend more in 2014, study says – The CBC

Spending by Corporate Canada is expected to ramp up in 2014 as global economies, particularly the U.S., continue to show signs of improvement, says a report by CIBC Economics.

The study released Monday by economist Benjamin Tal says Canadian companies are holding onto a near-record amount of cash, an estimated $5.7 trillion, yet have been reluctant to invest in capital projects due to economic uncertainty.

Continue Reading Here:  http://www.cbc.ca/news/business/corporate-canada-to-spend-more-in-2014-study-says-1.2128654

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