News Formal

Over half of Canadian business managers hiking wages: Bank of Canada

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 61%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

“Across almost all industries, businesses reported labour shortages are causing a loss of sales,” said the survey.

In addition to raising wages, 36% of managers said they were turning away sales, 33% were increasing overtime, 25% were contracting out work, 20% were offering workers bonuses and new benefits, and 15% were reducing minimum qualifications to hire untrained employees.tap here to see other videos from our teamIn a June 1 report, the labour department said unionized private sector wage gains to date in 2022 were running at 2.

“If we were to see wages run substantially ahead of productivity growth, it would become a concern that in that situation, higher wage growth could start to become an independent source of inflation,” Bank Governor Tiff Macklem testified last at the Commons finance committee last April.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 49. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business and consumer inflation expectations up: Bank of Canada surveysA pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers.
Källa: VancouverSun - 🏆 49. / 61 Läs mer »

Bank of Canada surveys suggest business and consumer inflation expectations upOTTAWA — A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers.
Källa: OttawaCitizen - 🏆 21. / 68 Läs mer »