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Bank of Canada Governor Mark Carney's admonishment of companies sitting on the country's...

Bank of Canada Governor Mark Carney's admonishment of companies sitting on the country's largest-ever cash reserves to invest it or pay it in dividends is targeted at cash hoarders such as Suncor (SU) and Teck Resources (TCK). But companies are seeing that nearly every region in the world is slowing or not growing very fast, so is Carney "barking up the wrong tree"?
Comments (4)
  • Not one of Carney's brightest moments. Perhaps it was an after-effect of too much air brushing the Canadian $100 bill.
    24 Aug 2012, 01:12 PM Reply Like
  • TCK has a debt load so I'd say it has to be somewhat judicious in how it deploys its cash. Also, it is a 60% coal producer, and may be looking at a tough slog ahead. It's dual share structure is an impediment to being an M&A target.
    24 Aug 2012, 01:59 PM Reply Like
  • .....it is a system-wide problem and more a result of poor fiscal policy amongst Governments around the World..........
    24 Aug 2012, 02:40 PM Reply Like
  • I agree with Carney-----Invest it or pay dividends. Paying down debt is a form of investment!
    24 Aug 2012, 05:05 PM Reply Like
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