Mr. Speaker, Mark Carney, the Governor of the Bank of Canada, points out that there are $580 billion of what he calls “dead money” sitting in the bank accounts of corporate Canada because there is no incentive for it to move it back into the economy. The government has failed to set up clear drivers to ensure investment and job training.
Given the fact that the government has made tax cuts across the board year after year with no planned investment of how that would be redirected into the economy, how does the member feel about the $580 billion of dead money sitting in bank accounts which could actually kickstart the economy at this time?