Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Canadian small businesses plan the largest price increases on record at 3.1% over the next year, an industry survey Thursday showed, reflecting rising demand and trouble finding workers.
The average planned price increase has climbed each month since a low of 1.9% in December, the Canadian Federation of Independent Business Barometer for April showed. The share of firms planning increases of at least 6% has almost doubled over that time to 20%. The group's figures on price trends go back to 2009.
"Future pricing plans are skyrocketing," CFIB senior analyst Andreea Bourgeois wrote in the report.
The BOC has said it expects inflation to reach around 3% in coming months on temporary gains in gasoline prices, and later moderate as slack in the economy holds down sustained gains.
The overall Barometer of business conditions over the next 12 months declined from the highest in a decade, falling nearly 5 points to 63.4. The CFIB says in normal times, a reading of 65 is consistent with an economy at potential.
Source: CFIB
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.