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MNI BRIEF: Less Than Half Canada Firms See Inflation Obstacle

Bank of CanadaCentral Bank NewsPolicy NewsCanadaBriefStoryNorth America

MNI (OTTAWA) - Fewer than half of Canadian business managers saw inflation as an obstacle for the first time in more than two years according to a government survey, in line with the central bank's view of major progress slowing price gains.

Some 44.9% of respondents cited inflation as a problem in Statistics Canada's Q4 survey of business conditions, the first time it's been less than half since the question was introduced in Q3 2022. That's down from 50.2% in the previous release and 56.9% a year earlier. (See: MNI INTERVIEW: BOC Primed For Another Jumbo Cut- Ed Devlin)

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MNI (OTTAWA) - Fewer than half of Canadian business managers saw inflation as an obstacle for the first time in more than two years according to a government survey, in line with the central bank's view of major progress slowing price gains.

Some 44.9% of respondents cited inflation as a problem in Statistics Canada's Q4 survey of business conditions, the first time it's been less than half since the question was introduced in Q3 2022. That's down from 50.2% in the previous release and 56.9% a year earlier. (See: MNI INTERVIEW: BOC Primed For Another Jumbo Cut- Ed Devlin)