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MNI BRIEF: Canadian Firms' View of Price Gains Slows to 4%

(MNI) OTTAWA
OTTAWA (MNI)

Canadian small firms see prices rising 4% over the next year, slowing again from a record of 4.9% set in April while still double the central bank's inflation target.

The Canadian Federation of Independent Business survey published Thursday also showed expected pay increases moderating to 3.1% from a record 3.6% earlier this year. The Bank of Canada has led the G7 in rate hikes this year and economists see the 3.25% rate climbing another 50bps at its Oct. 26 decision.

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Canadian small firms see prices rising 4% over the next year, slowing again from a record of 4.9% set in April while still double the central bank's inflation target.

The Canadian Federation of Independent Business survey published Thursday also showed expected pay increases moderating to 3.1% from a record 3.6% earlier this year. The Bank of Canada has led the G7 in rate hikes this year and economists see the 3.25% rate climbing another 50bps at its Oct. 26 decision.

Keep reading...Show less