"Astounding" would be the word

'Astoundingly massive' cash sitting idle: bank
Canadian households are sitting on an "astoundingly massive" mountain of cash of between $635 billion and $1 trillion, economists at Scotia Capital indicate.

Determining the amount of cash on the sidelines is crucial in determining how much further equity markets have to rally, economists Derek Holt and Karen Cordes say in a note to clients.

Further, it could give policy-makers cause for concern, in that the cash may be redeployed too quickly and lead to asset bubbles and, possibly, economy-wide inflation.
Wait ... so all these years, the problem was Canadians weren't saving enough and didn't have enough cash available for emergencies. Now we apparently have too much cash lying around ... ?


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