© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
JGB TECHS

(U2) Solid Bounce Into the Close

USDCAD TECHS

Bullish Price Structure

AUDUSD TECHS

Clears Key Support

EURJPY TECHS

Retracement Mode

COMMODITIES

Oil Supply Constraints Trump Lower Demand

USDJPY TECHS

Pullback Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

MNI BRIEF: Canadian Firms See Record 4.9% Price Gains

(MNI) Ottawa
(MNI) Ottawa
DataPolicyCanadaData BriefData StoriesBriefStoryRegionNorth America
True

Small businesses expect fresh record wage and price gains over the next year, according to a Canadian Federation of Independent Business survey published Thursday, a concern for the Bank of Canada that says inflation expectations are key in determining whether to hike interest rates by perhaps 50bps or even more at its next meeting on June 1.

Firms are planning 4.9% price increases over the 12 months starting in April, beating the prior record of 4.7% set in the previous report. That measure has climbed from 3.1% a year ago. Expected wage increases climbed to 3.2% from 3%, the highest in CFIB data back to 2009.

Keep reading...Show less
141 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Small businesses expect fresh record wage and price gains over the next year, according to a Canadian Federation of Independent Business survey published Thursday, a concern for the Bank of Canada that says inflation expectations are key in determining whether to hike interest rates by perhaps 50bps or even more at its next meeting on June 1.

Firms are planning 4.9% price increases over the 12 months starting in April, beating the prior record of 4.7% set in the previous report. That measure has climbed from 3.1% a year ago. Expected wage increases climbed to 3.2% from 3%, the highest in CFIB data back to 2009.

Keep reading...Show less