However, it is of course up to firms’ management and labor whether to raise wages in line with the 2 percent inflation benchmark in anticipation of price increases of 2 percent as we move on. In fact, I see that an increasing number of firms are already moving in new directions.
Bank of Canada Review (Spring 2005): 5-17. 2  BIS Review 6/2006  The energy-producing provinces of Western Canada are certainly benefiting from higher prices for raw materials and from surging oil and gas revenues. The result is increased profits and investment, strong growth in output and employment, and fiscal surpluses. But the sudden rapid economic expansion is straining the region's infrastructure.