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.
Small businesses expect record wage and price gains over the next year, according to a Canadian Federation of Independent Business survey published Thursday, at a time when central bank officials are debating how forcefully to raise interest rates.
Firms are planning 4.7% price increases over the next year, beating the prior record of 4.6% set in December, and that measure has climbed from 2.5% a year ago. Expected wage increases climbed to 3.1% from 2.9% in February, matching a record high reached in November in CFIB data back to 2009.
Wage and price readings exceed the Bank of Canada's 1% to 3% band around its 2% inflation target. Supply chains will remain tight into at least the second half of the year, a top trade economist has told MNI, and BOC deputy said March 25 policymakers are "prepared to act forcefully" if needed to bring inflation back down.
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.