MNI: BOC: 40% OF FIRMS SEE +3% CPI OVER NEXT TWO YEARS
Apr-01 14:30
BOC: 40% OF FIRMS SEE +3% CPI OVER NEXT TWO YEARS
SHARE OF FIRMS SEEING +3% CPI IS LOWEST SINCE Q2 2021
CONSUMER VIEW OF CPI IN 1 YEAR STEADY AT 4.9%: BOC POLL
BOC: BOC Surveys Show Elevated Price Gains But Some Improvement
Apr-01 14:30
Business inflation expectations see progress at 40% seeing inflation above 3% over the next two years, down from 54% last quarter and the lowest since Q2 2021.
Consumer inflation expectations for the year ahead is almost unchanged from the last quarter at +4.9%.
Wage growth expectations are a survey high of +2.8% despite other indicators such as length of job search increasing and probability of job loss stabilizing.
Businesses expect a slowdown in wage growth, but still plan for +4.1% increases which is elevated compared to the historic average.
Corporate pricing behavior is normalizing as the Bank says the share of firms expecting high costs have "declined markedly" from the peak in 2022.
MNI: BOC OUTLOOK SURVEY: FUTURE SALES GROWTH BALANCE OF OPINION +1
Apr-01 14:30
MNI: BOC OUTLOOK SURVEY: FUTURE SALES GROWTH BALANCE OF OPINION +1
BANK OF CANADA BUSINESS OUTLOOK SURVEY OVERALL INDICATOR -2.42
BOC: CONSUMERS SEE INFLATION AT 5.25% NOW, 4.92% IN 1 YEAR