Businesses, consumers expect high inflation for longer: BoC survey
For consumers, inflation has become the most important economic issue
- By: Jordan Press
- January 17, 2022 January 17, 2022
- 11:57
For consumers, inflation has become the most important economic issue
Data suggests that post-pandemic peak passed in major economies
Rating agency revises its forecast for 2022
Market gains justified by record rise in earnings
Omicron's spread has investors "bracing for pain"
Outbreaks, bottlenecks expected to slow global growth
Soaring energy prices were the primary source of rising prices
The pandemic will continue to create uneven distributions across countries and sectors
Growing global manufacturing is a positive for Canada
Scams, theft and crypto laundering rise, Chainalysis reports
Rebound to push oil appetite above pre-pandemic levels, Moody's says
Wages also rose sharply in December, with average hourly pay jumping 4.7%
Business restrictions, labour shortages to hamper economic activity
Unemployment fell to 5.9% in December, not far north of the record 5.4% low in 2019. But omicron could push up the jobless rate this…
ETFs, mutual funds scored record assets last year
Oil prices and consumer goods demand are among the variables that will affect inflation this year, bank economists suggest
However, omicron effects weigh on the outlook
The average selling price rose nearly 18% compared to the prior year
Bank economists predict three interest rate hikes this year starting in April
On a year-over-year basis, bankruptcy numbers still down
Strong equity, M&A markets drove bankers' fees to record highs