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CFIB Survey Sees Rebound In Price And Wage Setting Plans

CANADA DATA
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  • The CFIB small business barometer saw confidence fall from 52.9 to 47.5 in April for its lowest since Dec.
  • The most notable development came on price setting expectations for the next twelve months, which jumped from 2.7% to 3.2% for the highest since September.
  • It goes against the steady downward trend which saw each month in Q1 below the BoC’s 3% upper limit for the inflation target range.
  • Interestingly in a sign of service price strength, the 71.5% of businesses reporting insurance costs as a major cost constraint was a new high for the series.
  • On the labour market, average wage plans also bumped higher in April, rising from 2.5% to 2.9% for its highest since October.
  • This came with an bounce in the share of businesses reporting shortages of both skilled and un/semi-skilled labour after a sizeable decline in March.

Source: CFIB

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  • The CFIB small business barometer saw confidence fall from 52.9 to 47.5 in April for its lowest since Dec.
  • The most notable development came on price setting expectations for the next twelve months, which jumped from 2.7% to 3.2% for the highest since September.
  • It goes against the steady downward trend which saw each month in Q1 below the BoC’s 3% upper limit for the inflation target range.
  • Interestingly in a sign of service price strength, the 71.5% of businesses reporting insurance costs as a major cost constraint was a new high for the series.
  • On the labour market, average wage plans also bumped higher in April, rising from 2.5% to 2.9% for its highest since October.
  • This came with an bounce in the share of businesses reporting shortages of both skilled and un/semi-skilled labour after a sizeable decline in March.

Source: CFIB