BoC survey says firms expect higher inflation
Over half of Canadian businesses expect annual inflation will exceed target level’s midpoint
The Bank of Canada’s latest business outlook survey shows a growing number of firms expect inflation to exceed the central bank’s target range when restrictions ease.
Over half of Canadian businesses expect annual inflation to be above the midpoint of the central bank’s 1% to 3% target range over the next two years.
The proportion of businesses believing the annual rate of inflation will remain between 2% and 3% over the next two years has also risen, the survey finds. It has increased from 21
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