Canadian business continues to anticipate a worsening inflation picture, according to a survey by an industry group.
Firms expect they will raise their prices by an average 3.8 per cent over the next year, according to the August survey of members by the Canadian Federation of Independent Business, which represents small and medium-sized companies. That’s the highest in records going back to 2009 and more than double the historical average.
The survey data could add to worries that current high inflation rates will persist into 2022.
Annual inflation hit 3.7 per cent in July from a year earlier, a level not seen since 2011, and well above the Bank of Canada’s 1 per cent to 3 per cent control range. Policy makers have said they believe the spike is only temporary.
The survey also show tight supply constraints are widespread, with 43 per cent of respondents reporting that product input costs are a problem. That’s the highest in the history of the data and nearly twice historical levels.
Investment Value Finders specializes in providing opinions and information on stocks to individuals who wish to receive them. Our reports are construed for information purposes solely and are distributed free of charge to individuals who wish to receive them.
Investment Value Finders does not promote, condone or advocate licit or illicit drug use. Investment Value Finders cannot be held responsible for materials or contests posted on its website pages, or pages to which we provide links, which promote, condone or advocate licit or illicit drug use or illegal activities.
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser. We are neither licensed nor qualified to provide investment advice.
Investment Value Finders occasionally receives direct compensation for hosting links (or other* advertisements) to third party content that may be subject to disclaimer pursuant to Section 17(b) of the Securities Act of 1933. For those instances where the link text contains company or stock-specific mention, we provide the following list of compensation received in order to ensure full disclosure and transparency.
Investment Value Finders is intended for those 21+ years of age only!
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.