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 continue to expect record wage gains over the next year and for the first time in this economic cycle see record wage gains as well, according to a Canadian Federation of Independent Business survey published Thursday.
Firms are planning 4.3% price increases over the next year, up from the prior record of 3.9% set in October, and that measure has climbed from 1.9% in December. Expected wage increases jumped to 3.1% from 2.5%, breaking the prior record high of 2.7% in data back to 2009. Wage expectations were just 1.2% at the start of the year.
Both wage and price readings are now outside the Bank of Canada's 1% to 3% band around its 2% inflation target. Deputy Governor Paul Beaudry earlier this week reiterated that conditions for raising the 0.25% policy interest rate could be in place by April, while noting some inflation pressure is temporary.
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.