among businesses and households remain elevated [https://www.marketwatch.com/story/bank-of-canada-surveys-indicate-inflation-expectations-remain-elevated-b848616d#::text=OTTAWA%2D%2DInflation%20expectations%20among, by%20the%20Bank%20of%20Canada. ], with the combination of wage gains and shelter costs anticipated to keep annual price increases at higher-than-normal levels in the short term, according to fourth-quarter surveys released by the Bank of Canada. Over half of companies, 54%, believe inflation will remain above 3% over the next two years, a level largely unchanged from the previous quarter. (DJN) Feedback LoopThis newsletter is compiled by James Christie in San Francisco. Send us your tips, suggestions and feedback.

Source: Wall Street Journal January 16, 2024 12:22 UTC