Bank of Canada survey finds consumers are blaming high cost of energy in plans to scale back spending and driving, and will take more time looking to buy cheaper alternatives.
Around 70 per cent of Canadian consumers now expect the war in the Middle East to raise inflation over the next year, while business sentiment has deteriorated overall, according to the latest Bank of Canada surveys.
On Monday, the central bank released results of a quarterly consumer poll conducted online between late April and the end of May.
Iran war drove inflation expectations up, hurt business confidence: BoC | CBC News
Consumers, businesses expect inflation to rise above 3% over the next year, Bank of Canada surveys find
Bank of Canada survey shows eased inflation outlook as firms breathe easier after Iran ceasefire
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OTTAWA - Statistics Canada will release its latest reading for inflation today when it reports its consumer price index for April.
OTTAWA - High oil and gasoline prices are expected to push inflation higher when Statistics Canada reports its consumer price…
