Financial Post: Businesses expect slower sales in short term as cost, labour issues persist: survey

Andrew DiCapua, Senior Economist at the Canadian Chamber of Commerce provides an update on current Canadian business conditions.

The Bank of Canada delivered another supersized hike on Wednesday, raising the policy interest rate by 75 basis points to 3.25 per cent, the highest since the global financial crisis.

As the Canadian dollar slumps to near five-month lows, exporters are getting a boost while importers such as food suppliers, already battling inflation, are facing more headwinds.