Bank of Canada survey shows most businesses think it will take at least two years to get inflation under control

Bank of Canada says business capacity pressures at record high — via financialpost Economy Canada inflation

The central bank polls a representative group of companies every quarter to give it a sense of the mood inside the country’s C-suites. It was no surpriseturned up anxiety over prices, which have risen to the highest in more than three decades, according to Statistic Canada’s consumer price index.

The Bank of Canada opted to put a positive spin on the results. “Less than one-fifth of businesses expect inflation to stay well above the bank’s target,” the report said. “That is, most firms anticipate inflation will be high in the short to medium term but then decline.”Article content

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