2023 Q4 Canadian Survey on Business Conditions Report by BDL

Context: Inflation peaked at over 8% last summer; it has slowed
significantly but remains above the Bank of Canada’s 2% target.
<strong>Canadian</strong> consumer price index (CPI)
% change, year-over-year
10%
8%
8.1%
6%
4%
2%
3.1%
0%
-2%
2000 2005 2010 2015 2020
Total CPI
Target Bank of range Canada’s target range
Sources: Source: Statistics Business <strong>Canadian</strong> Canada, Data Chamber Lab <strong>Canadian</strong> analysis of Commerce <strong>Survey</strong> of based Statistics Business on Business Statistics Canada’s Data Conditions, Canada, Lab; <strong>Canadian</strong> Statistics Consumer <strong>Survey</strong> Canada. Price on Business Index. Conditions.
15,963 15,401 businesses surveyed in in January April and and early February May <strong>2023</strong>.
<strong>Canadian</strong> Chamber of Commerce | Business Data Lab
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