OIL: EIA Weekly US Petroleum Summary - week to Apr 26

May-01 14:32

- w/w change week ending Apr 26

Historical bullets

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