Wage inflation has hit a new high with a 5.4% increase year over year. The markets expect costs to remain elevated at 4.5-5.5% over the next 12 months. While long term inflation expectations (5 years forward) have remained stable in the 2-3% range, the gap between short term and long term is narrowing.
Where are we now?
Where do we go from here?
What does this mean for Canadian business?
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