'It's the highest we've had through the history of the survey'Half of almost 18,000 businesses surveyed by the Canadian Chamber of Commerce said coping with rising input costs would be their biggest challenge over the next three months, an indication that inflationary pressures continue to build. Try refreshing your browser, or Half of businesses surveyed by the Canadian Chamber of Commerce say rising costs are biggest challenge Back to video“It’s the highest we’ve had through the history of the survey,” said Stephen Tapp, the chamber’s chief economist. 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. Earlier this month, the Bank of Canada raised its benchmark interest rate by a quarter point, to 0.5 per cent, in order to cool hot demand.

Source: National Post March 29, 2022 18:31 UTC