, which tracked business sentiment in the first quarter of 2022, revealed that Canadian companies expect it will take three years for inflation to reach the central bank's two per cent target.
The report also revealed that the number of businesses navigating supply chain challenges is at a record high. Approximately half of the Canadian businesses surveyed also expect to face upward cost pressures tied to higher energy and commodity prices due to the war in Ukraine, based on an additional study conducted in March to supplement the Business Outlook Survey.
The report also found that Canadian companies expect strong sales growth in 2022, but at a more moderate pace compared to last year. The Bank of Canada also today released its quarterly consumer survey, which revealed that Canadians' short-term inflation expectations reached record high levels in the first quarter of 2022.
Trudeaus canada🤦♂️
businesses brace? they still aren't paying their taxes or their workers properly.
reduce the interest rate and taxes
😢😢
spoiler alert - once it goes up, it never comes down.