Canada businesses beginning to spend again, Flaherty says

Wed Feb 12, 2014 9:34am EST
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OTTAWA (Reuters) - Canadian businesses, which former Bank of Canada Governor Mark Carney once accused of sitting on piles of cash, are beginning to spend again, Canadian Finance Minister Jim Flaherty said on Wednesday.

"We're beginning to see some life and some action," he said of the businesses' investment activity, at a conference examining the budget he delivered on Tuesday.

However, he said there was not as much business investment as he would like.

(Reporting by Randall Palmer; Editing by James Dalgleish)

Canada's Finance Minister Jim Flaherty delivers the federal budget in the House of Commons on Parliament Hill in Ottawa February 11, 2014. REUTERS/Chris Wattie