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Canadian Firms See Higher Inflation With Economy Hitting Limits

  • Two thirds expect consumer price gains to top 3% over 2 years
  • Survey results will fuel bets on Bank of Canada rate hikes
Tiff Macklem speaks during a Bank of Canada news conference on Dec. 15, 2021.

Tiff Macklem speaks during a Bank of Canada news conference on Dec. 15, 2021.

Photographer: David Kawai/Bloomberg
Updated on

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Canadian businesses reported widespread challenges with supply chains, labor shortages and their ability to meet strong demand in a Bank of Canada survey that will stoke worries about inflation and fuel expectations of a rate hike as early as next week.