"To Jim Flaherty’s frustration, there is a massive wad of idle cash in the Canadian economy. The finance minister would like to get the money in circulation, creating jobs, improving productivity, boosting consumer confidence and helping the country to compete against the world’s emerging economic giants. ...
"They could afford to thumb their noses at the government as long as there were no consequences. Flaherty made it easy. Regardless of their behaviour, he gave them tax cuts, praised them for generating economic growth, followed their recommendations and watched passively as they squirreled away billions.
"If he wants a different outcome, he’ll have to take a different approach."
Full article: Jim Flaherty to business leaders: Loosen your fists.
