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How Canada can cash in on the U.S. economic malaise
Saturday, July 31st, 2010
July 30, 2010
Non-financial institutions in the United States have almost $2 trillion US in cash on their balance sheets but have no desire to invest there. Luring some of that money to Canada will help further modernize our economy, create jobs, generate more tax revenue and raise our standard of living. This window of opportunity won’t be open for long, so Ottawa and the provinces should launch a major marketing effort now to turn American apprehension into economic gain for Canada. What does Canada have to sell to those holding the $2-trillion US purse strings?
Tags: economy, standard of living, tax
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