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Weekly Commentary

Inflation Is Eating into the Profitability of a Growing Number of Canadian Businesses

May 20, 2022
Hélène Bégin • Tiago Figueiredo • Francis Généreux • Hendrix Vachon • Randall Bartlett

Households and businesses are feeling the pinch of rapidly rising prices. Costs have been going up for businesses since last year. Everything from transportation to inputs and wages is costing more, eroding profitability. Many businesses are passing on these higher costs to consumers, fuelling inflation in the wider economy.