Canadians Have a Whopping $170 Billion to Spend: Invest in These 2 Stocks!
Image source: Getty Images Businesses and households in Canada are reported to have built a cash mountain during the pandemic. According to a published report by the Canadian Imperial Bank of Commerce, businesses have an $80 billion cash stockpile while households’ excess savings amount to $90 billion. Canada’s financial position pre-corona was strong and possessed the lowest debt to gross domestic product ratio among the G7 nations. The funding support to cushion COVID-19’s impact was the country’s most extensive economic relief package since World War II. The Fa...
Source: fool.ca