Billionaire Pattison hoards cash as global trade tensions mount

Source: BNN Bloomberg

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Canadian billionaire Jimmy Pattison says his businesses are stockpiling cash in preparation for a possible downturn as rising U.S.-China tensions spur global uncertainty.

“We are certainly watching our dollars maybe a little bit tighter than we were before,” Pattison said in an interview Thursday with BNN Bloomberg Television from his Vancouver headquarters, where he runs a conglomerate that operates across 85 countries.

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Source: BNN Bloomberg

 

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