The mandate of the Task Force, announced in the April 2001 Speech from the Throne, is to measure and monitor Ontario’s competitiveness, productivity, and economic progress compared to other provinces and US states and to report to the public on a regular basis. [...] In other words, it opportunity costs) and the cost of a 5 Formally, the optimal level of cash holdings is is “costly for the firm to be short of shortage of these funds.5 This means the level where the marginal cost of a shortage of liquid assets equals the marginal benefit of liquid assets” and therefore the rea- that a firm has to conduct a cost- holding liquid assets, making the company indif- [...] BrINGING “DEAD CASH” BACk TO lIFE 5 monitor the actions of management projects) that have the risk of being holdings determined by the effects teams, the analysis of the optimal cancelled if there is an insufficient of industry and firm characteristics level of cash holdings becomes richer, supply of funds. [...] This process reduced •. It has a higher number of profitable that matters is the optimal amount the number of companies in the projects, which increase the mar- of net debt, given required rates of analysis, and restricted the period of ginal costs of a shortage of funds return. [...] The first method, this induces a survivorship bias to the the number of employees.8 The the industry-level method, is a macro analysis.