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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.
(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.
The Bank will keep hiking to make sure inflation returns to target even if there's a recession, an academic adviser has told MNI. (See: MNI INTERVIEW: BOC To Follow Through Even If Recession- Tombe)
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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.
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