Half of businesses surveyed by the Canadian Chamber of Commerce say rising costs are biggest challenge — via financialpost
“It’s the highest we’ve had through the history of the survey,” said Stephen Tapp, the chamber’s chief economist. “That suggests to me we may be underestimating a little bit the momentum that is there in the system for creating inflation.”
The Chamber’s latest quarterly survey of business conditions suggests companies are struggling to absorb higher costs and will end up raising their own prices to recoup them. Fifty per cent of businesses flagged input prices as a major concern, an eight-per-cent increase from the fourth-quarter survey. Almost 40 per cent of respondents identified recruiting skilled workers as a significant challenge, a three-per-cent increase, according to the report, which was released March 28.
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