As time progresses, one would expect them to utilise more of these funds in investments. In other words, there is a certain amount of capital available in the system which needs to feed into the investment cycle. 26. What explains this phenomenon? My sense is that there is a process of cleaning up of balance sheets going on in the corporates.
The pace of growth in the second quarter of this year was interrupted by a number of near-term factors, especially SARS and trade restrictions on Canadian exports of cattle and beef because of an isolated case of bovine spongiform encephalopathy (BSE).