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MNI BRIEF: Canadian Firms' Price Plans At Fresh 3 Yr Low- CFIB

OTTAWA (MNI)
Bank of CanadaCentral Bank NewsPolicy NewsHomepageCanada Bank of Canada Market NewsBriefStoryRegionNorth America
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Planned wage and price increases at Canadian firms declined to fresh three-year lows this month according to the country's leading small business group, the kind of stability the central bank has sought as it weighs how fast to keep cutting interest rates.

The Canadian Federation of Independent Business said members plan to raise prices 2.3% on average over the next year, down from 2.4% in August and 2.7% in July. Expected wage increases slowed to 2.3% from 2.5%. The CFIB sample size is much larger than the BOC's quarterly business surveys.

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Planned wage and price increases at Canadian firms declined to fresh three-year lows this month according to the country's leading small business group, the kind of stability the central bank has sought as it weighs how fast to keep cutting interest rates.

The Canadian Federation of Independent Business said members plan to raise prices 2.3% on average over the next year, down from 2.4% in August and 2.7% in July. Expected wage increases slowed to 2.3% from 2.5%. The CFIB sample size is much larger than the BOC's quarterly business surveys.

Keep reading...Show less