BNN Bloomberg: There’s still 1 in 4 companies looking to raise their prices in the next quarter
Stephen Tapp, chief economist at Canadian Chamber of Commerce, joins BNN Bloomberg to discuss his thoughts on the Bank of Canada's deputy governor saying businesses raising prices are a contributing to higher inflation.
The Toronto Star: Toronto restaurants see double-digit decline in people dining in, suggesting pullback in discretionary spending
The volume of seated diners at restaurants in the city has been declining year-over-year since June, according to OpenTable data.
Toronto Star: Economists predict Bank of Canada may hold the line on interest rates as inflation falls to 3.8%
While another rate hike might not be on the horizon, businesses are still feeling the pinch of high prices “with elevated inflation expectations remaining a complicating factor,” Andrew DiCapua, senior economist at the Canadian Chamber of Commerce, said in a statement.