Economics
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.
Photographer: David Kawai/BloombergThis article is for subscribers only.
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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.