Nearly half of Canadians hold back cash they could be investing: survey
Nearly half of Canadians are keeping money on the sidelines that they could be putting to work, and in many cases the sums run well past pocket change.
A survey conducted and analyzed by Tangerine found that 48 percent of Canadians are holding back available funds rather than investing them, the bank reported, with much of that cash sitting in chequing or savings accounts.
About 24 percent of those setting money aside have parked $25,000 or more, according to Tangerine, and 13 percent have set aside $50,000 or more.
